Published: Thu, February 14, 2019
Culture&Arts | By Rick Owen

Apple in talks to create "Netflix for news" subscription service

Apple in talks to create

But while Apple has been trying to get HBO on board as an add-on for its new service, CNBC reports that discussions over the revenue-sharing model Apple is pushing may keep that deal from getting done; Apple apparently wants a 30 percent cut of revenue for subscribers who come in through its apps, an amount that HBO may not agree to.

Apple has talked with publishers including The New York Times, the Washington Post, and The Wall Street Journal, but they (and others) have concerns about Apple's terms.

According to the report, the event will take place on Monday, March 25 and will be held at Apple's Steve Jobs Theater on the Apple Park Campus.

Once publishers give 50 percent of their revenue to Apple, the other 50 percent is added to one large pot and then split amongst publishers depending on how often readers engage with their content. YouTube attempted to implement a similar plan with their YouTube Red subscription service; according to those that participated in the plan it did not work out well.

"With much pushback from publishers Apple is realizing this news service bundle will have its share of hurdles to find success with consumers as well as content partners". The new iPad mini 5 and the iPad 7 are expected to launch side by side with varying prices, and they will retain the Touch ID security feature instead of the more advanced Face ID.

The launch would be Apple's latest push to grow its services revenue with a goal of hitting $50 billion (R687 billion) by 2020.

Beyond music, Apple's next big push into services centers on TV, and in particular, original programming.

Sources that are familiar with Apple services claim that the focus of this event will be the company's long-rumored news subscription service.

As with any rumor, we can't be 100% sure if it's true, and with no firm indication from Apple, we can only speculate about a release date for the Apple AirPods 2.

Given content licensing agreements, particularly in Canada, it's likely that add-on services will be offered through Apple's platform on a regional basis.

Apple is holding an event on March 25 that is believed to be the day when the new news service will officially debut.

Apple, CBS, HBO, Starz and Viacom declined to comment.

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