Business Briefs: Apple, Colin Kaepernick, American cheesePosted: Updated:
Apple's upcoming streaming platform will be free for people already using their products. CNBC reports that an app will come pre-installed on iPhone, iPads and Apple TVs. It's unclear if content will always be free or just temporary to draw viewers. The company has allocated $1 billion toward content creation and around two dozen series currently in development.
Colin Kaepernick's partnership with Nike was big business for the sports brand. Now the former NFL quarterback wants to protect his image, says Cheddar. Kaepernick has filed an application to trademark a logo of his head through a company he owns called Inked Flash. According to the filing, the image could be used on things like shampoo, coffee mugs and backpacks, as well as camps and workshops.
Sales of American cheese are down 1.6 percent and a new report is blaming millennials. Bloomberg reports that tastes have moved away from processed cheese like Kraft singles and Velveeta to more sophisticated varieties. And restaurants are taking notice - upgrading their offerings. Prices for processed cheese is also dropping under $4 a pound for the first time since 2011.