Apple Inc. inked a deal with Steven Spielberg's Amblin Television and NBCUniversal Media LLC's TV production arm to create new episodes of "Amazing Stories," The Wall Street Journal reported, citing people with knowledge of the matter.

Under the deal, 10 episodes of "Amazing Stories" will be created, with Spielberg likely to serve as executive producer, according to the Oct. 10 report. The budget for the show will reportedly be above $5 million per episode. Spielberg created the science fiction horror anthology show, which aired on NBC (US) in the 1980s.

Apple reportedly plans to spend $1 billion on original programming over 2018 and intends to acquire and produce about 10 TV shows. The tech giant in June tapped former Sony Pictures Television executives Jamie Erlicht and Zack Van Amburg to lead worldwide video programming efforts for the company.

NBCU is a unit of Comcast Corp.