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Apple expected to spend $1 billion on shows

Companies like Disney and others are already looking at creating their own streaming services
By: Lana Jelic | Business, Financial & Legal News | Posted: Aug 17, 2017 1:19 pm

Apple is already a force in apps and music. However, they're still a nobody in the world of video. It seems that Apple wishes to change this and to change it pretty soon.

 

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The rumors coming from Hollywood are saying that Apple is prepared to spend up to $1 billion of their own money to buy and create original video content.

 

Apple's move into the original content video space is mostly a reaction to Netflix's success with original content. Companies like Disney and others are already looking at creating their own streaming services, which will make it increasingly more difficult to fill a large library like Apple is used to having. One way of doing this is through creating original content that people want to watch, which can even be content that already exists and is very popular with viewers.

 

We could, in fact, see many original content creators being paid vast sums of money to switch to Apple just to build up their original content offerings. While details are still murky, $1 billion is not pocket change for anyone other than Apple and could really shake up the video space.

NEWS SOURCES:Wsj.com

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