+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Apple is reportedly dropping billions of dollars on its big push into TV, which is expected to launch in November

Aug 20, 2019, 19:10 IST

Apple TV/YouTube

Advertisement

Apple's next major new product doesn't come with a gaggle of high-res cameras or a laser etching of your name - instead, it comes with a monthly subscription price and a new drama series about a morning news show in turmoil.

That new product is Apple TV Plus, a streaming TV service from Apple, and it's said to arrive this November according to a new report in Bloomberg.

The service will reportedly cost somewhere in the $10 per month range, though it sounds like a free trial of some type may be in the works. Apple has yet to officially announce any of those details.

Moreover, Apple appears to be making massive investments in its upcoming service: According to the Financial Times, the company is reportedly dropping $6 billion on just the first year of programming, and its first show is said to cost more per episode than HBO's expensive blockbuster "Game of Thrones."

Advertisement

YouTube/Apple TV

That number may not be entirely accurate - NBC News reporter Dylan Byers said on Tuesday that the actual amount Apple is spending is "significantly less than that."

Apple representatives didn't respond to Business Insider's request for comment as of publishing.

But, as Byers points out, the number is "beside the point." Apple has a massive war chest of money to spend on programming - that much was demonstrated back in March when the service was first revealed.

Apple TV Plus will feature new productions from acclaimed director Steven Spielberg, beloved TV personality Oprah Winfrey, and the first show stars a trio of megastars: Reese Witherspoon, Steve Carell, and Jennifer Aniston. It's the latest major paid service from Apple - alongside Apple Music, Apple News Plus, and iCloud - as the company pushes into new forms of revenue amid a decline in iPhone sales which have in recent years made up the majority of its profits.

Advertisement
Next Article