by iPhoneate.com / June 20, 2018 12:46 PM EDT

Apple is gearing up to produce original content through multi-million dollar productions and contracts with renowned Hollywood talent. Like HBO, the company already has a large portion of its content lined up, along with a broad programming catalog for this year.

There's been a lot of speculation, but the news is confirmed today. Thanks to a major multi-year deal with the famous Oprah Winfrey.

Apple is developing original content, the tech giant announced on Friday, June 15. Meanwhile, the competition for renowned talent will continue among the existing tech giants and established production studios.

The company has not yet revealed when it plans to launch its next streaming service, which will bear its signature style, featuring its own shows, series, and other programming. However, sources close to the company commented that Apple will likely launch it next year.

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