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it's show time says apple in a media invite for a March twenty fifth the vent while the Cupertino tech giant isn't saying much more beyond that speculation is building that it's planning to launch streaming television service sources have told Reuters that apple's building a new global video service that will likely include subscription TV and challenge rivals from Netflix to Amazon prime video Reuters tech correspondent Stephen Alice apple for you in the video streaming industry could have a big impact they're already rivals like Netflix we're even Amazon's prime video service that have been doing this for a long time but apple has a lot of weight and a lot of money to spend both on original content and promoting the service we seen something similar with apple music or Spotify was around for years apple was really in the streaming game but had I tunes and then they made a big paper to streaming with apple music they put a lot of money behind marketing the service and in some countries like the United States is believed to have caught up to the rival Spotify we could see a similar big move in big impact in the streaming video industry apple has long hinted at a video service with C. E. O. Tim cook speaking openly about it on earnings call with investors without any details apple has spent two billion dollars in Hollywood producing its own content and signing major stars such as Oprah Winfrey Reuters sources have said the apple TV service may bring together other subscriptions from CBS Viacom and Lionsgate entertainment stars among others along side apple's own original content on one platform that could help apple users from having to use multiple apps for watching TV or movies online the potential revenues from a TV service have become a focus of investors after apple in January reported its first ever deep in iPhone sales during the key holiday shopping period