Apple Budgets $1 Billion for Original Content Over the Next Year [Report]

Apple Budgets $1 Billion for Original Content Over the Next Year [Report]

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Apple has budgeted about $1 billion to procure and create original content over the next year, according to the WSJ.

Combined with the company’s marketing clout and global reach, that immediately makes Apple a considerable competitor in a crowded market where new media players and traditional media companies are vying to acquire original shows. The figure is about half what Time Warner Inc.’s HBO spent on content last year and on par with estimates of what Amazon.com Inc. spent in 2013, the year after it announced its move into original programming.

It's said that Apple could acquire and produce up to 10 television shows, offering high-quality video similar to HBO's 'Game of Thrones'. Former Sony executives Jamie Erlicht and Zack Van Amburg will start working this month from Apple's Los Angeles offices, taking over programming responsibilities from the Apple Music team.

Apple is expected to unveil a 4K Apple TV later this year and just this morning alleged photos of a 60-inch Apple Television surfaced online.

More details in the full report below. You can follow iClarified on Twitter, Facebook, Google+, or RSS for updates.

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Apple Budgets $1 Billion for Original Content Over the Next Year [Report]
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