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Apple plans $1B original content investment; Taiwan blackout didn't impact suppliers

Published 08/16/2017, 09:14 AM
© Reuters. Apple plans $1B original content investment; Taiwan blackout didn't impact suppliers
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  • The Wall Street Journal reports that Apple (NASDAQ:AAPL) plans to invest $1B in acquiring and producing original content next year.
  • The content budget, which equals Amazon’s original content investment in 2013, could finance 10 shows.
  • Former Sony execs Jamie Erlicht and Zack Van Amburg, hired by Apple in June, will handle the content budget.
  • Meanwhile, a major power outage in Taiwan on Tuesday didn’t significantly impact the production facilities of Apple chip assemblers and testers, according to Nikkei.
  • Advanced Semiconductor Engineering said the blackout cost from $500K to $800K and that it’s “still assessing the total loss from this incident.”
  • Previously: Apple gets serious about Hollywood (Aug. 16)
  • Now read: Apple's War On Leaks Gets Results

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