Apple set to launch Netflix-style streaming service
A slew of new products set to be launched on Monday, including a Netflix competitor
San Francisco: Apple is expected to launch a slew of new products at its Cupertino headquarters in California on Monday, including a Netflix competitor, a revamped news service and a subscription-based gaming offering.
The event, to be hosted at the Steve Jobs theatre on campus, will herald a new era for the iPhone maker as it enters the fast-growing global content streaming market.
"Apple has been looping a video from the theatre, teasing its focus on television," reports The Verge.
The livestreaming video is stylised to look like a television set, and has been switching between a handful of different angles of the Steve Jobs theatre.
Apple has invested over $1 billion into making new content and the streaming service is set to compete with the giants including Amazon, Netflix and Hulu.
Content is king
"The company is building a new content store focused on offering bundles with cable services like HBO, Showtime and Starz. Put more simply, Apple may be looking to disrupt cable TV by essentially becoming a cable TV provider," adds the report.
Apple has been working on developing original content like Amazing Stories by Steven Spielberg; crime show Are You Sleeping? produced by Reese Witherspoon and starring Octavia Spencer; Calls which is an adaptation of a French short-form series; Central Park which is an animated musical comedy from Loren Bouchard and Defending Jacob — a thriller adapted from William Landay's novel, starring Chris Evans, among others.
According to TechCrunch, another Apple project is Shantaram — a series based on the novel by Gregory David Robert, about a man who escapes from an Australian prison and ends up in Bombay (now Mumbai).
There is also an untitled M. Night Shyamalan series and untitled Oprah Winfrey projects, among others.