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

Tabitha Dunn
February 14, 2019

If reports are accurate, then Apple is asking publishers for 50% of the revenue cut for its planned News subscription service.

As far as this rumor goes, looks like we will have to wait until March to find out what Apple has in store for its customers, so stay tuned for more coverage from our side.

Apple Inc is planning to integrate its acquired app Texture into Apple News to start its news subscription service. The event will reportedly take place at the Steve Jobs Theater on the Apple Park campus in California. The paid service would give users access to a kind of 'Netflix of news' platform. In other words, that could include original Apple video content and news, along with Apple Music and iCloud storage tiers, all for one monthly fee.

It's not likely we'll see any new hardware announcements at the March event, but there may be a peek at Apple's upcoming streaming TV service, which is also slated for launch this year. Apart from these two, Apple is also rumored to launch the new iPad models, which will comprise of up two variants targeted towards the budget-friendly crowd that doesn't want to splurge a large amount of cash on the 2018 iPad Pro lineup.

This will apparently not be an event to unveil the AirPods 2, or even a new iPad mini.

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That said, BuzzFeed News' sources did not say if Apple's video streaming platform will be shown off for the first time at the event.

"While the exact disagreement between Apple and HBO isn't known", the report reads, "media companies have been concerned about data sharing and revenue splits as Apple tries to aggregate existing services in new ways".

Apple declined comment Wednesday when contacted by Deadline.

The tech giant told some news organizations it'd keep around half the subscription revenue from the rumored service, according to people familiar with the matter, the Journal said.

So, circle that date on the calendar with a pencil just in case.

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