America’s Apple corporation is in talks to make its own video content. According to the source, Apple plans to spend around $1 billion in order to produce original content as well as to buy rights to broadcast 10 famous TV series, but there was no word about exactly what series the company is willing to acquire. The main competitor Netflix, in turn, is likely to spend $6 billion on its original content slate this year. Another competitor is Walt Disney, which recently has announced its intention to create a streaming service.
Over the past week, Apple shares rose 3,4% and continue rising. The trade will be available during American session from 13:40 till 20:00 (GMT).
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