The entertainment streaming wars are heating up fast. Apple Inc. (AAPL), one of the world’s largest companies with $1 trillion in market value, has operated largely on the fringes of the movie and TV streaming industry. Apple raised eyebrows on Wall Street and the industry this week, according to Bloomberg, when the company said its streaming video service will debut at a subscription price of $4.99 per month, which undercuts by as much as 60% monthly prices offered by rivals including (NFLX), Amazon.com Inc. (AMZN), and The Walt Disney Company (DIS).
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