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PHILADELPHIA (CBS/CNN) – Apple is expected to unveil two new offerings at a special event on Monday: A video streaming service and news subscription platform. The streaming launch would place Apple in a crowded field of video providers. Its biggest competitors include Netflix, Amazon Prime Video and Hulu.
The video product will also be competing for viewers’ time and money against some of the biggest entertainment companies in Hollywood, which are creating, promoting and launching their own services in 2019.READ MORE: Newborn Baby Found Dead In Bag In Upper Darby
Two major new streaming services will launch this year from Disney and AT&T’s WarnerMedia, the parent company of CNN. NBCUniversal will launch its own service next year.READ MORE: Sleeping Woman Injured After Bullets Fly Into Olney Home
Apple quietly launched new gadgets last week ahead of the event. It debuted its next-generation wireless earbuds, as well as a refresh of its iMac line and new versions of the iPad Air and iPad mini.
Apple’s stock rose last week on positive analyst reports and in anticipation of the launch on Monday. The event starts at 1 p.m. ET. Watch it here.MORE NEWS: CDC Backs Pfizer COVID-19 Vaccine Booster Shots For Millions Of Seniors And Some Others
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