Apple is launching a streaming service to rival Netflix.

It will be collating series and making original content for Apple TV.

Tech commentator Bill Bennett told Mike Hosking Apple will try to take over the streaming game.

"You will be able to get it on Smart TVs in the future, including Smart TVs from companies like Samsung and you will get it on LG TVs and Sony and so on."

Apple's also announced a subscription service for magazines and newspapers.

APPLE TV +

Apple is launching a content subscription service within a revamped TV app complete with original and exclusive moves and TV shows coming later this year.

To spruik the company's push into original content, Oprah, Steven Spielberg, Jennifer Aniston, Reese Witherspoon, Steve Carrell, the star of Aquaman Jason Momoa, comedian and writer Kumail Nanjiani and even Big Bird appeared on stage.

Aniston, Witherspoon and Carrell will feature in a comedy-drama about a morning TV show coming exclusively to the app. "All of this has brought me back to television and I'm really excited about it," Aniston told the audience.

Meanwhile Nanjiani is teaming up with his wife from The Big Sick to produce a show about immigrants coming to America called Our Little America.

"The opportunity to work with these artists is truly inspiring" Cook said.

The headline at of the service is Oprah, however. The TV icon got a standing ovations from some this morning.

Apple's streaming service, "allows me to do what I do in a whole new way and take it to a new level," Oprah told the audience.

"Because they're in a billion pockets ya'll," she said. "A billions pockets." And that represents a lot of opportunity for "compelling conversations" she said.

She is working on two heavy-hitting documentaries for the service, one exploring sexual harassment and violence in the workplace and another which focuses on mental health and addiction.

"If we do our jobs right, we're going to replace shame and stigma with wisdom compassion and honesty."

A NEW APPLE TV APP

Apple has revamped its TV app. the newly designed Apple TV platform will host Apple's original and exclusive shows as well as integrating other streaming services into an easy-to-use ecosystem of content from news, sports and entertainment.

It has partnered with pay TV providers and streaming services to allow it to host streams within its app rather than kicking you out the third party apps like it has previously had to do.

The idea being that it will be a portal to all your entertainment needs but big services like Netflix won't be available.

"With so many choices sometimes it's hard to know where to start, that's why we created the Apple TV app," Cook said. It rolled out three years ago but has struggled to realised the vision Apple wanted for it - until now.

"We designed a new TV experience where you can pay for only the channels you want, all in one app," said Peter Stern, Apple's VP of Services.

"Watch everything on demand and ad free. Download your shows and take them on the go ... This is how TV should work."

It is also bringing the Apple TV app to Mac and smart TVs. The company recently announced an iTunes Movies and TV app for Samsung and it will soon roll out on LG, Sony and other smart TV manufacturers.

APPLE NEWS +

Apple created its News App three years ago, turning the tech giant into the curator of online news for those who use the iOS app.

The company is now taking that a big step further with a paid subscription called Apple News + which includes magazine subscriptions.

A year after acquiring Texture, an online service that gives users access to hundred of magazines, Apple is weaving it into its Apple News app. It gives users cover to cover access to 300 magazine titles. They include the world's biggest magazines including Time, The Atlantic, Men's Health, National Geographic, Esquire, The Hollywood Reporter, Wired, Rolling Stone, The New Yorker, Popular Science and Marie Claire.

"Apple News plus is the only place where you will find all these magazines in a single package," Apple's Roger Rosner said.

The subscription will cost $9.99 a month in the US so Australian prices are probably going to be about $12 to $15 a month. But it comes with family sharing for free.

It is available today in the US and will be rolling out to Australia in the Spring. We will be among the first to get it, along with Canada and the UK.

While the likes of New York Times and Washington Post opted not to take part The Los Angeles Times and the Wall Street Journal are on board with Apple News + making their content available.

For news junkies with an iPad, it's easy to see how appealing this will be.

AN APPLE CREDIT CARD

Apple is a moving further into the financial world with a digital credit card service. The Apple wallet is about to become a bit more like a real wallet with the company's credit card service.

"There's some things about the credit card experience that can be so much better," Cook told the audience, a better interest rate among them, he said.

The card is designed to giver you a "better understanding of your spending so you can make better choices with your money," Apple says.

It uses machine learning and Apple maps to transform the mess of credit card statement into something that is easy to read. Uses can keep track of your spending via categories.

Goldman Sachs is the bank that stand behind the Apple Card and Apple has partnered with Mastercard to ensure it will be widely accepted.

Apple card has no late fees, no annual fees, no International fees and a low interest rate. It also gives users real cash back of 2 per cent of every purchase which goes directly into your account to be used however you want.

APPLE ARCADE

Apple also added gaming to its suite of new video, news, and credit card services, introducing the subscription program just days after Google unveiled a cloud-based gaming plan.

The service, called Apple Arcade, will be integrated into the App Store and will include more than 100 games exclusive to the service and Apple's platform. The games will synchronize across iPhones, iPads, Mac computers and Apple TVs, and will work offline, the company said Monday during a presentation at its Cupertino headquarters. The service won't launch until the fall and the company said it will disclose pricing at a later date.

Stocks of gaming companies including Activision Blizzard Inc. dropped on the announcement of Apple's entry into the $180 billion industry. The iPhone maker said it will back development costs of some games and "would work closely with creators." The service will have no advertising, Apple said.

Alphabet Inc.'s Google last week announced its Stadia game-streaming service to let players access the action through the web instead of having to buy expensive consoles or personal computers.

- News.com.au and Bloomberg