THE FUTURE OF VIDEO IS STREAMING
With more than $285 billion sitting around in cash, Apple could effectively launch a YouTube or Netflix rival overnight. While the Cupertino firm has, in all but name, confirmed their plans for a streaming service of its own, Apple is taking its time by investing in high-quality original content and preparing a worldwide rollout. The result, however, might not be what we first expected.
Video streaming is big business. Earlier this year, Netflix overtook its rival Disney for ashort period , while Amazon Prime and Hulu are also growing. In fact, an incredible 59%of all homes in America have a streaming-enabled screen, and with Disney planning its own streaming service and BritBox, HBO Now, CBS All Access and FilmStruck all growing in popularity, the…