Apple reportedly wants to keep 50% of subscription news service revenue

Apple reportedly wants to keep 50% of subscription news service revenue

Apple reportedly wants to keep 50% of subscription news service revenue

The special event will apparently be focused on Apple's upcoming paid subscription news service, BuzzFeed reported.

According to a report in The Wall Street Journal, Apple has pitched to publishers that it plans to keep half of the revenue generation by the subscription service, whereas the remaining half will be distributed among the publishers based on the time users engaged with their articles. Another is Apple's supposed desire to get a minimum of one year of content from some publishers; some of the potential partners reportedly want more flexibility to leave the service. Apple Music is already a hit with more than 50 million subscribers.

A CNBC report appears to confirm a lot of what we've been hearing, starting with Apple's plans to launch the service in "April or early May".

There are also exclusive features belonging to the wireless charging accessory but it is said to be available for iPhones running iOS 13, an update which will release this year.

BuzzFeed reported on Tuesday that Cupertino is planning to hold a services-focused event for on March 25, where the company will talk about its new services. We'll let you know the minute we find out.

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A premium news subscription could cost around $10 per month, the same that Apple Music now costs. The New York Times and the Washington Post are said to be among the publishers that are not happy with Apple's terms.

No single model has proven particularly fruitful, and a subscription service akin to the one expected from Apple may become a popular alternative. To this point, Netflix late a year ago removed the ability for new subscribers to sign up with iOS via in-app subscriptions, thus removing Apple's ability to earn 15% of all subscription fees in the process. The company has also historically taken a 30 percent cut from app sales and one-time in-app purchases for as long as the App Store has been around.

However, it does back up a report from My Smart Price that claims we could be getting some new color options with the AirPods 2, saying that Apple will be offering the AirPods 2 in "two colors: Black and White".

Apple declined comment Wednesday when contacted by Deadline.

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