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Apple Reportedly Spending $1 Billion on Video Content

Variety reports that Apple has budgeted $1 billion to spend on 10 TV shows. That may sound like a lot of money, but in the next year, Netflix is expected to spend $7 billion on original content, Amazon $4.5 billion, and HBO $2 billion. Hopefully, Apple can produce something more compelling than “Planet of the Apps” and “Carpool Karaoke.”

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