Is there a limit in storage? I'm planning to buy several movies/tv shows. Will it prevent me from buying due to the storage?
You can't store anything on the Apple TV. You can redownload purchases as you need them or you can store them in your iTunes library on your computer.
Thank you. I got it as a present and don't know much about it.
You are right place to ask. You might get an overview of it from visiting the link below.
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