Apple TV+ Throws Down The Gauntlet With Newly Announced Pricing Model


Streaming customers have already begun shopping around to decide which platforms they’ll keep, which they’ll try, and which they’ll avoid altogether.

With so much content to choose from, these companies aren’t making it easy for us to decide, and now Apple TV+ just threw their price model into the ring and it’s not what people were expecting.

Apple TV+ logo| Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Apple’s pricing news was significant enough to tumble stock prices

On Tuesday, the tech giant released its pricing model for
Apple TV+ and it’s just $4.99 per month. Before the announcement, people
believed the fee would be closer to $10 a month. According to MarketWatch,
shares of Roku, Netflix, and Disney dropped a bit yesterday afternoon after
Apple’s reveal. Roku decreased by 12%.

But this could be misleading as Roku is not a competitor of
Apple’s; the company provides streaming devices that enable users to watch
content from Amazon Prime Video, Netflix,
and a host of other providers. Via the Apple TV app, Apple TV+ will be available
on Roku (and Amazon Fire devices) sometime in the future.

And Apple’s stock? It went up a smidgeon to .3% after the
announcement.

How will Apple TV+ work for subscribers?

Per Apple’s
press release
, Apple TV+ is a separate offering that will feature original
content only
and is something that can be purchased via regular Apple TV. When
it launches on Nov. 1, a subscription for Apple TV+ will be available for a
free seven-day trial and then will automatically be billed at the monthly rate
of $4.99.

The press statement explains which devices Apple TV+ will
run on for its November start date:

“The service will be available on the Apple TV
app on iPhone, iPad, Apple TV, iPod touch, Mac and other platforms,
including online at tv.apple.com, for $4.99 per
month with a seven-day free trial. Starting today, customers who purchase any
iPhone, iPad, Apple TV, iPod touch or Mac can enjoy one year of Apple TV+ for
free.”

The one-year free deal is effective Sept. 10, and users with
Samsung, Vizio, or LG smart TVs must update their Apple software to run iOS
12.3 or later. Apple TV+ will be available on other non-Apple devices later in 2019.

Will viewers be tempted to pick up an Apple TV+ subscription?

Currently, the Apple TV app streams content from premium
channels, cable providers, and film studios. Apple TV+ is worth a buy if you’re
into the content that’s being streamed, which will include movies,
documentaries, and shows. At launch, there will be nine original titles available
on the platform.

Apple executive Zack Van Amburg spoke on what audiences can
expect:

“With Apple TV+, we are presenting all-original stories from the best, brightest and most creative minds, and we know viewers will find their new favorite show or movie on our service. Each Apple TV+ original offers its own unique story, fresh perspective and powerful message — all meant to entertain, connect and inspire cultural conversations.”

Compared to the other streaming options, how does Apple TV+ stack up?

The streaming world is about to get a little crowded as old
content gets shuffled between owners, new content is created, and subscribers
figure out what they want to buy. Some aren’t interested in the family-friendly
only offerings that Disney+
will carry
, regardless of its massive Marvel library.

But for $7 a month, many will sign up for the Disney basic
plan to watch its original Star Wars, Marvel, Pixar, and National Geographic
shows. Fans have said that if the company offers a la carte options for ESPN
and other channels, they’ll get on board.

Although Netflix is losing properties from Marvel and NBC,
it continues to up its programming game with new shows, fan favorites, and a fresh
monthly rotation. Lately, the streaming giant has been attracting star power such
as Martin Scorsese, Robert De Niro, Eddie Murphy, and Scarlett Johansson to
produce high-quality originals.

The other thing it has on its side is no ads. Compared to Hulu,
whose basic cost is just $5.99, that’s a bonus. People still love Netflix.

As Business
Insider
points out, HBO Max has Game of Thrones and Friends along
with its extensive cache of Warner Bros., HBO, TNT, Cartoon Network, The CW,
and other Warner Media properties. For many fans, Apple TV+ will have to prove
it’s worth the extra few dollars each month compared to Netflix, Amazon Prime,
Disney+, and HBO Now.





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