Apple Plans To Invest $1 Billion in Original TV Show and Movies
Apple Plans To Invest $1 Billion in Original TV Show and Movies – the Latest Technology giant will reserve this budget line to produce much more audiovisual content in 2018.
The technology giant Apple has decided to book a $ 1 billion deal to buy and produce next year audiovisual content such as series and movies, the Wall Street Journal reported on Wednesday.
Apple Big Players in Hollywood
That amount would put Apple as one of the big players in Hollywood, as it is about half of everything spent on content last year on HBO, according to The Wall Street Journal.
Other sources said that with that money, the apple company could buy and produce up to ten TV series and would enter fully into the race for content on which other technologies such as Amazon are already shipped.
Many analysts believe that Apple needs at least a series of great success to take off their video service, in view of the relevance they had for other platforms like Netflix products like ‘House of Cards’ and ‘Orange is the New Black’.
Reserves Over $ 261 Billion
The company has already offered its own programs this year through its streaming service, but they have not had much relevance among the general public.
However, with cash reserves of over $ 261 billion (222,154 million euros) and a turnover of 215 billion euros (183 billion euros), Apple could easily make big bets in Hollywood.
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