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Apple is projected to spend $4.2 billion annually on original content by 2022

Apple is projected to spend $4.2 billion annually on original content by 2022
[Photo: courtesy of Apple]

The’s according to Loup Ventures analyst Gene Munster (via Variety). Munster says Apple will be splashing that much cash each year by 2022 in an attempt to expand a rebranded Apple Music and compete with the likes of heavyweights Amazon and Netflix. But if you think $4.2 billion is a lot to spend on original programming, Munster predicts Amazon will be spending $8.3 billion a year by 2022 and Netflix will be spending $6.8 billion a year. Munster thinks the rebranded Apple Music, which is currently a music streaming aerobic with some music-related shows and documentaries, will be rebranded to include a wider range of content by 2020.MG