Market Weekly: Aug 14-Aug-18-2017

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Apple reportedly planning to spend $1-billion developing TV and movies

Apple has also hired Matt Cherniss, who until recently was president of Tribune Media Co.’s WGN America cable network, to head development. Cherniss reports to Erlicht and Van Amburg, who in turn report to Apple services chief Eddy Cue. The team is still hiring aggressively, one of the people said.