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Apple Needs to Buy a Hollywood Studio to Compete with Netflix and Amazon

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In the face of declining iPhone sales, Apple has repeatedly hinted that it will be relying more and more on services for future revenue growth. But to beat Netflix and Amazon in video streaming, it will have to acquire a Hollywood studio, according to an analyst at investment giant Wedbush. While Apple could still continue to develop content on its own, purchasing a video production studio that already owns a rich library of television shows and movies could place it at an advantage. Additionally, developing video content organically could take too long letting rivals open a gap that will be

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* First published on ccn.com

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