Apple to reboot Steven Spielberg's Amazing Stories

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The maker of the iPhone and iPad plans to release a remake of Steven Spielberg's science fiction anthology series "Amazing Stories, " according to NBCUniversal, one of the TV companies working with the technology giant.

Apple announces content development deal with Steven Spielberg.

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For those too young to remember, Amazing Stories was a sci-fi/horror series that ran rom 1985 to 1987 on NBC.

The company has allocated a reported $1 billion budget to its new creative heads Jamie Erlicht and Zack Van Amburg (of Breaking Bad fame) and this appears to be the first major expenditure.

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According to the report, the order is for 10 episodes, each with a budget of $5 million. Hannibal creator Bryan Fuller will executive produce.

"We love being at the forefront of Apple's investment in scripted programming, and can't think of a better property than Spielberg's beloved "Amazing Stories" franchise", Jennifer Salke, president of NBC Entertainment, said in a statement. Until now Apple's original video content - like the Carpool Karaoke spin-off - has been made available exclusively to Apple Music subscribers. The report doesn't mention if Spielberg will be involved with the project as a director but he's likely to serve as an executive producer on the new series as well. The series' episodes ranged from fantasy-themed to more sci-fi or horror-focused episodes and featured a veritable who's who of directors behind each episode, including Spielberg himself, plus Bob Clark, Clint Eastwood, Joe Dante, Martin Scorsese, Irvin Kershner, Robert Zemeckis, Danny DeVito, Tom Holland, Brad Bird, Nick Castle, and even Burt Reynolds.

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