Apple Inc. is planning to build a significant new business in original television shows and movies, according to people familiar with the matter, a move that could make it a bigger player in Hollywood and offset slowing sales of iPhones and iPads.
These people said the programming would be available to subscribers of Apple’s AAPL, -0.71% $10-a-month streaming-music service, which has struggled to catch up to the larger Spotify AB. Apple Music already includes a limited number of documentary-style segments on musicians, but nothing like the premium programming it is now seeking.
At a cost of around $150 million, “The Great Wall” is the most ambitious co-production between Chinese and Hollywood studios to date and the most expensive film shot exclusively in China. But can it capture a global audience? Photo: Universal Pictures
The technology giant has been in talks with veteran producers in recent months about buying rights to scripted television programs. It also has approached experienced marketing executives at studios and networks to discuss hiring them to promote its content, said people with knowledge of the discussions.
In addition to TV, Apple indicated to these people that it is considering offering original movies, though those plans are more preliminary. Executives at Apple have told people in Hollywood they hope to start offering original scripted content by the end of 2017.