Apple's 'Netflix for news' faces publisher resistance over revenue split terms

Apple's Holding a Surprise Event on March 25, Here's What to Expect

New Apple AirPod 2 rumors result in 2 possible launch dates in the same day

More information from the website states that pre-orders for the AirPods 2, AirPower and new iPads will start on Friday, March 22, with the devices officially available starting March 29.

If reports are accurate, then Apple is asking publishers for 50% of the revenue cut for its planned News subscription service. BuzzFeed News yesterday reported that Apple is planning to hold a special event on March 25 at the Steve Jobs Theater on its Apple Park campus.

If you were holding your breath for an early 2019 release for Apple's AirPods 2, you could be in for a disappointment - if well-known leaker OnLeaks' latest tweet is anything to go by.

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We've seen endless reports over the past year suggesting that Apple wants to bundle together magazine and newspaper subscriptions into a monthly plan.

Credit: Karl Mondon/Digital First Media/The Mercury News via Getty ImagesInstead, the March 25 event would focus on subscription services, according to Buzzfeed, which broke the story based citing sources close to the matter.

That "Netflix for news" platform is rumored to include print media outlets like The New York Times, The Washington Post, and The Wall Street Journal. Should the news service take off as a success, offering a year's worth of support is easy.

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It's unclear at this time how much Apple will charge for its anticipated paid news subscription, but sources have claimed that it would sit around $10/month.

Apple CEO Tim Cook recently teased that "new services" from Apple are coming in 2019 during an interview with CNBC's Jim Cramer.

Given this sort of precedent, it's understandable why many publishers may have an issue with handing over half their revenue to Apple in exchange for a negligible bump in overall income.

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Apple declined to comment on the report. Apple also now gets to boast about their efforts to help the field of journalism, as the company's vice president Eddy Cue said when they acquired the subscription news app Texture past year.

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