This is a huge development, for a simple reason: Apple has a LOT of money - about $250 billion in cash on hand, as of its latest earnings report.
These include the critically panned Planet of the Apps, an app-focused take on "Shark Tank" starring celebrity mentors Will.i.am and Jessica Alba and the delayedCarpool Karaoke, which launched this month.
The Wall Street Journal, citing unnamed people familiar with the matter, on Wednesday reported that Apple is budgeting "roughly $1 billion" over the next year for its push into original content.
Apple's original content efforts are only getting started.
Erlicht and Van Amburg have wasted no time in outlining Apple's ambition and muscle, immediately meeting with a cavalcade of Hollywood talent over the last few weeks as they look to buy up new scripts and develop ideas.
North Korea Has Markets Nervous But Not Panicked Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dropped 4.2 basis points to 2.241%. The Dow Jones industrial average lost 0.15 percent, with the tech-heavy Nasdaq composite index declining 0.21 percent.
Some producers are eager to work with Apple, sensing a first-mover advantage. The market for streaming original content is a bit crowded at the moment, but if Apple can drum up a hit, it could go a long way in solidifying the company as a streaming contender.
Apple's upcoming series helmed by Dr. Dre, "Vital Signs", a semi-autobiographical scripted series about his life, is nowhere to been. This year, Netflix is expected to spend more than $6 billion on its shows.
Apple is officially open for business in Hollywood. So, we'll see a soft entrance by Apple in terms of what their competition is spending.
Apple's move into original programming is part of a broader shift in the industry.
Recently even Facebook had shown an inclination towards producing original content.
eMarketer projects Amazon's video service will have 85.3 million viewers this year.
No comparison between Sanchez and Costa - Wenger
Media outlet Don Balon say Real are keen on the Chile worldwide who's just entered the final year of his current Arsenal contract. Arsenal remain determined to retain Sanchez for one more season.
Waterloo train derails causing rush hour chaos
The South Eastern trains network is also experiencing signalling problems, which is affecting some services out of Kent. Commuters in London are being warned to avoid Waterloo Station after a train derailed in rush hour on Tuesday morning.
Warm temps, chances of rain for your Sunday afternoon
At the very least, the morning and early afternoon will be partly sunny and pleasant with just a gradual elevation of humidity. Although clouds will be nearly nonexistent, moonlight is still in ample supply and will make seeing the meteors harder to see.
Man Finds Hours-Old Baby Abandoned, Covered In Ants
Neighbors questioned why the mother had left the baby outside the apartments when there is a hospital less than a block away. A newborn girl was left abandoned in bushes outside a Texas apartment complex less than an hour after she was born.