Apple event on March 25 to showcase its video streaming service

Apple is ready to yell 'action' by launching its long-awaited video streaming service – a bid to take on Netflix – as invites for its next major launch event went out today.

The Apple keynote will takes place on March 25 with the not-so-subtle title 'It's show time,' according to Engadget and other members of the media. 

It appears as if Apple is boldly bringing Hollywood to its Silicon Valley headquarters, with the event scheduled taking place at its own Steve Jobs Theater in Cupertino.

Developing...