San Francisco Oct 11 (IANS) After scrapping a deal with the Weinstein Company for a Elvis Presley biopic series Apple has reportedly struck a deal to revive the Steven Spielberg anthology series "Amazing Stories " earmarking $5 million per episode.
According to a report in The Wall Street Journal late on Tuesday Spielberg s Amblin Entertainment production company will produce 10 episodes of the new series with NBCUniversal s television production unit.
Spielberg is likely to serve as an executive producer on the new series.
The original "Amazing Stories" -- which ran from 1985-1987 -- was Spielberg s attempt to create an updated "Twilight Zone" or "The Outer Limits" The Verge reported on Wednesday.
Apple is set to invest nearly $1 billion in acquiring and producing original TV shows over the next year.
According to reports the iPhone-maker is looking to match the high-quality output of networks like HBO.
On Monday Apple terminated a deal with the Weinstein Company for a Elvis Presley biopic series after producer Harvey Weinstein was fired from the company he co-founded.
Weinstein was asked to leave after a New York Times investigation detailed numerous incidents of alleged sexual harassment by the media mogul.
--IANS
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