Apple has been selling TV shows and movies for a long time now. They have finally announced original content to take on Netflix, Hulu, YouTube, and Amazon. Being a bit late to the game theysure are coming out strong. Apple has signed a deal with Steven Spielberg to develop Amazing Stories, a reboot of a 1980s sci-fi show of the same name.
This really shakes up the new industry. With lots of money at Apple's disposal they could be an industry game changer. Considering that most of the big players in video now have nothing to do with Hollywood, the next few years will be very interesting as streaming becomes the only way people watch content outside of reality tv, sports, and news. Read more about this deal at this location.