Apple has unveiled the launch date and price point for its upcoming streaming service, Apple TV+.

Debuting on Nov. 1, Apple TV+ will be available for just $5/month for a family subscription. Additionally, those who purchase a new Apple device can receive one year of TV+ for free. Earlier reports suggested the service could cost as much as $9.99/month.

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Apple is reportedly spending $6 billion on its initial round of original programming, a sizable increase from the initial $1 billion budget but still far lower than the likes of Netflix or Amazon Prime. Content will include Jennifer Anniston and Reese Witherspoon's The Morning Show, Jason Momoa's See and Hailee Steinfeld's Dickinson, among other programs.

Other planned, yet-to-be-named projects include a Brie Larson-led CIA drama, a Simon Kinberg-produced sci-fi series and a thriller series from M. Night Shyamalan. Additionally, director Justin Lin's Perfect Storm production company inked an overall deal with Apple TV in Dec. 2018.

Apple TV+ launches Nov. 1. The service will be available on Apple devices, as well as platforms such as Samsung, Roke and Amazon Fire TV.

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(via The Hollywood Reporter)