Apple is spending $6 billion on original shows and trying to beat Disney+ to market, reports FT

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Apple is spending $6 billion on original shows and trying to beat Disney+ to market, reports FT
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Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.

Apple also sells Apple TV Channels, a related but separate product that enables users to individually subscribe to services like HBO and Showtime and bundles all of them together in its TV app.

Apple revealed TV+ during a star-studded event this March on its campus in Cupertino, California, confirming at least seven series for the service, including shows produced by Steven Spielberg and Oprah Winfrey. However, no release date or price for the service has been disclosed by Apple. On Monday, Apple released a trailer for "The Morning Show," a drama that will air on Apple's streaming service. Apple paid more per episode for the Jennifer Aniston and Reese Witherspoon show than "Game of Thrones" cost in its final season, according to the report.Apple didn't immediately return a request for comment.

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