Netflix confirms it won’t be part of Apple’s TV streaming service

Netflix confirms it won’t be part of Apple’s TV streaming service

Netflix confirms it won’t be part of Apple’s TV streaming service

Exactly how Apple will run the new platform we won't know until the big reveal on 25 March, but Apple has clearly stated its intention to grow its services business as hardware sales, particularly in iPhone, shrink. The company also plans on producing original content with a sizeable budget that reportedly starts at $1 billion.

Netflix confirmed Monday it will not be part of Apple's premium TV app subscription model that it plans to announce on March 25 and make available on Apple TV.

"We prefer to let our customers watch content on our service". And while many third-party services are planning to join Apple's new TV venture, Netflix is taking the other route. The SVOD service has also shied away from integrating its offering with Apple TV apps. Apple can easily overshadow Netflix with its production budget, though Netflix's CEO believes that tough competition will allow it to do a better job.

"They're going to do some great shows". I'm going to be envious. One of the requirements to get nominated for an Oscars is that movies should include a theatrical release, something that Netflix circumvented by releasing their bets on chosen cinemas and chose dates. "We're going to want to borrow those".

Loup Ventures Managing Director Gene Munster on Apple preparing to launch a streaming service, the mounting competition among streaming services and concerns over the outlook for Tesla. Numerous stars are expected to make an appearance at the event. Tim Cook's company will resell subscription from CBS, Viacom, Lions Gate, as well as offer some original content just like Netflix and other streaming services.

In the United States alone, it is estimated that six million consumers have stopped subscribing to pay television since 2012, while on-demand services have grown, according to Leichtman Research.

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