The Wall Street Journal has reported that Apple has struck a deal to revive Steven Spielberg’s Amazing Stories TV show for $5 million per episode.
We’ve previously reported on Apple’s plans to expand into original television programming beyond the likes of Carpool Karaoke or Planet of the Apps, and now the Wall Street Journal has reported that the Cupertino company has inked a deal to revive Steven Spielberg’s Amazing Stories.
Amazing Stories was an episodic television show that aired from 1985 to 1987, and was heavily influenced by prior efforts such as the Twilight Zone. The series not only leveraged the directing talents of Spielberg, but other directors such as Robert Zemeckis and Brad Bird.
The deal will reportedly see Apple splurge up to $5 million USD per episode, and the investment is reported to be the first in a series that could see the company spend up to $1 billion USD into the development of its own content.
Apple has tiptoed through the development of Carpool Karaoke and Planet of the Apps by hosting said content on Apple Music, though it remains to be seen whether the firm will continue to do so or launch its own Apple TV portal for use on either its iOS or macOS platforms, or tvOS itself.
A report earlier this year indicated Eddy Cue had met with Paramount Pictures and Sony’s TV and film teams in a new bid for a “transformative acquisition” that would see the Cupertino company acquire production studios rather than purchasing content.
That sliver of news comes after a separate report indicated that the company was planning to purchase Time Warner last year, though that deal later fell through.
Apple has not issued a public statement on the matter, and it remains to be seen when the company might debut its new television series.
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