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One Billion Dollar Budget for Apple TV Original Content

One Billion Dollar Budget for Apple TV Original Content

17 August 2017

Citing inside sources the Wall Street Journal have reported that the CE Giant Apple have created a $1 Billion budget for original content to boost next years TV offer.

The content initiative will managed by Zach Van Amburg and Jamie Erlicht, who have “Begun meeting with Hollywood agents and holding discussions about shows Apple could acquire.” The two producers joined Apple from Sony in June.

Apple could use the funds to acquire and/or produce up to ten TV shows, sources said, either to be included in its existing offerings, or to be distributed via a new Apple OTT service.

The WSJ also pointed out that Apple’s budget is equivalent to what Amazon.com Inc. spent on content in 2013, when it began its move into original programming in earnest.