The Verge reports that Apple is planning to release a news subscription service but is facing resistance from publishers after the tech firm stated that they expected to receive 50 percent of all revenue generated by publishers using its platform.
The earliest event the company held was back in 2011, on March 2, so Apple has lots of time to cram in a product unveiling next month. Last year, the company unveiled the iPad 6, the first-ever low-priced slate from the manufacturer to feature support for the Apple Pencil, on March 29.
However, as noted above, this could be an event that's not just about the News subscription service, but rather Apple's new subscription services in general.
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Apple CEO Tim Cook alluded to more services coming this year, and this week we're learning more about what the company has in store for news.
On Tuesday a report from The Wall Street Journal detailed Apple's desire to keep 50-percent of the monthly subscription revenue from the program, giving the other 50-percent to publishers. The Cupertino-based iPhone maker's much anticipated video streaming service is another candidate that may mark its presence at the upcoming event as Apple had reportedly told the studios and TV networks recently to get ready for an April launch. The service is rumored to launch later this year. Once again, the source mentions that there will be no new hardware during the event.
Apple, for its part, has not commented on the claims.
However, publishers are reportedly throwing a fit over the terms that Apple has laid out for posting their work. Information including credit card numbers and email addresses would not be provided to publishers if they agreed to Apple's terms as they now stand.