Apple’s streaming service, Apple TV Plus, will cost just $7.99 a month when it launches November 1 globally

Apple CEO Tim Cook announces details about Apple TV Plus on stage Tuesday. Apple

Apple TV Plus, the company’s new streaming service, will cost just $A7.99 including a month when it launches globally on November 1.

Apple CEO Tim Cook made the announcement Tuesday at Apple’s biggest event of the year, where the company is expected to announce a new lineup of iPhones and Apple Watches.

The $A7.99 price tag for Apple TV Plus puts the company’s streaming service among the cheapest out there. Rivals cost at least a few dollars more: Disney Plus will cost $A8.99 a month on launch, Netflix’s basic plan is $A9.99 and Stan subscription costs $A10 a month.

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Previous reports indicated that Apple was planning to charge $US10 ($A14.50) a month for Apple TV Plus, so the lower price point may come as a surprise to some. But Apple TV Plus doesn’t include licensed content like streaming competitors Netflix and Hulu – it will only be a place to showcase Apple’s original shows and movies.

Apple has announced more than 20 original shows that will launch exclusively on Apple’s ad-free streaming service. This will include series starring big names like Oprah Winfrey, Jennifer Aniston, and Steve Carell.

When it launches November 1, the ad-free subscription service will be available in over 100 countries.

Additionally, one year of Apple TV Plus will be available for free for anyone who purchases an Apple device.