Apple reportedly 'racing' to get HBO and Showtime on its streaming service

Getty Images  Chesnot

Getty Images Chesnot

It's been three years since the Apple video service rumour mill started churning, but it looks like the Netflix rival could now be just around the corner.

Apple has officially announced and sent out invites for a media event that will be held on Monday, March 25 at the Steve Jobs Theater on the Apple Park Campus.

Are you excited about Apple's March 25th event?

Apple has been dealing with the reality of slowing iPhone sales for months, which means a focus on new services could be vital to growing its business. The highlight of the event is expected to be the company's new news subscription service that will allow users to subscribe to newspapers, magazines, etc. through Apple.

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Apple's invite for the event doesn't say much apart from "It's show time".

Apple has been suggesting a planned video service for a long time, spending $2 billion in Hollywood to create its own content and signing major stars such as Oprah Winfrey. The report also mentioned Apple is in talks with various celebrities for attending the event celebrities like Jennifer Anniston, Jennifer Garner, Reese Witherspoon and director JJ Abrams.

The Wall Street analyst believes that since Apple is late to the streaming video market, it will need to ramp up its spending on content to compete with the likes of Netflix, Hulu, and Amazon. Apple is said to charge $10 to its consumers for the premium news subscription services. CoinX was the first to mention the iPhone names for last year's models, and the leaker also told us the 2018 iPad Pro would have a 5.9mm profile.

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