While the company did not elaborate on its strategy, it hinted that it will be looking to increase its original content from the karaoke shows and app development-based TV already on its $10-a-month streaming service, Apple Music.
"We have exciting plans in store for customers and can't wait for them to bring their expertise to Apple - there is much more to come."
Having created programming for a wide range of services including Amazon, Hulu and Netflix, Erlicht said he was looking forward to the challenge of working with Apple.
"It will be an honour to be part of the Apple team," he said.
"We want to bring to video what Apple has been so successful with in their other services and consumer products - unparalleled quality."
Van Amburg echoed his colleagues sentiments.
"Apple has a relentless focus on delighting customers with their products," he said.
"We will bring that same intention to Apple's programming and we could not be more excited about what lies ahead."
A late push into the competitive world of online streaming might have its challenges, but Apple has an advantage to help its cause - a wide distribution and advertising platform from the one billion iPhones, iPads and other devices that run the tech giant's mobile operating system.
Moody's analyst Gerald Granovsky said a ploy to create its own original content and secure licensing deals for an expansive library would be cheaper than to buy a pre-existing content company.
"From a credit perspective, we'd much rather see Apple overpay to deliver original content than pay $50 billion to buy Netflix and basically compete for the same content," he told News Corp.
"They'll definitely get a better bang for their buck by focusing on their Apple TV product."
Greenfiel said hiring the Sony execs proved Apple did not have interest in acquiring Walt Disney Co like rumours had suggested.
"It's pretty clear now that Apple isn't buying Disney," he said.