SYRACUSE, NY (NCC News) – Apple announced on Monday that it will join the crowded field of video streaming services, alongside established giants such as Netflix, Hulu, and Amazon Prime. Apple executives intend that the new product, Apple TV+, will change the way consumers consume video streaming products.
With Apple TV+, consumers can stream several different products, including content from industry leaders like HBO, Showtime, CBS All Access and Starz, within the Apple TV+ platform. This service is called Apple TV Channels. Along with this addition to its services, Apple also introduced a slew of new original content to be included in Apple TV+, headlined by a reboot of the 1980s series “Amazing Stories,” for which Steven Spielberg served as executive producer.
Apple executives revealed Monday the company invested $1 billion in 2018 into original content, spearheaded by creators such as Spielberg, and Star Wars director J.J. Abrams. This investment may seem minuscule, however, compared to Netflix’s $8 billion investment into the same field in 2018.
Les Rose, a broadcast and digital journalism professor at Syracuse University, said it might be hard for some middle-class families to pay for the service, with such little content available at launch.
“You figure if its families and some singles out there buying this product, then how much more per month can they afford,” said Rose. “If Apple wants to get [Apple TV+] launched with less content, then it better be good content.”
Along with Apple TV+, the tech-giant also introduced Apple News, a news platform that follows a similar format to Apple TV Channels, bringing many different news outlets under one app’s figurative umbrella.
“I worry about lower-middle class and lower income people,” Rose said. “Does this mean that broadcast stations will literally no longer be broadcasted? How will [lower-middle class families] afford the content, and how will they afford real news information if streaming becomes the only source.”
Apple TV+ will launch in the Fall 2019, but people can begin to subscribe to channels on Apple TV as early as May.