Apple May be Purchasing Netflix.

January 3, 2018
 
Apple May be Purchasing Netflix.
 
 
Tech giant Apple was reportedly thinking about purchasing or acquiring streaming giant Netflix. 
 
The news comes just into the New Year after Disney and 21st Century Fox Struck a deal to buy all of Fox albeit its new media portion for over $52.4B. It also comes swiftly after President Trump and Congress passed a Bill to Cut Taxes for businesses and more. The Bill that is called Tax Cuts and Jobs Act of 2017. The Bill cut the repatriation tax rate to 15.5 percent. 
 
This allowed Apple to get hold of its $250B from overseas in extra money and assets. The news that Apple may be purchasing the streaming giant or Netflix came from Citi analysts who picked Netflix as Apple's top acquisition target. Citi picked Netflix as the likeliest target for acquisition (40 percent chance) even though it only merited a 5-10 percent projected impact on Apple’s share price. 
 
Even though there may be no official talks between Apple and Netflix, there just may be coming sometime this year. Apple now has the money it takes to buy Netflix which is said to be currently valued at $86B with 5000 employees. Netflix the acquisition of Netflix will give Apple over 115 million video-streaming subscribers worldwide, which many of its users roughly come from the United States. 
 
The acquisition will also give it a large collection of original TV shows and movies — 110 new films and TV series are expected in 2018 alone. Apple’s own team has thus far greenlit five original TV shows and around a dozen movies; though the company doesn’t yet have a dedicated video streaming service or video subscribers. Some have also argued that Apple's recent hiring of executives specifically to develop TV shows demonstrates that it doesn't see an overlapping Netflix acquisition in its future. 
 
But this can just be Apple putting all the peace in place for an acquisition. 
 
Whatever the case may be, anything is possible seeing with the huge tax cuts put forth by the Bill.
 
What do you think? Let MovieCreedLive know by dropping a comment. 
 
Streaming News
Netflix
By. Jesse Filmore 

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