Apple’s terms for subscription news service face resistance from publishers

Credit Apple

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.

According to a report by BuzzFeed, Apple is gearing up to launch a news subscription service on March 25 during a special event.

For now, we will have to wait until Apple officially announces its new service to learn more. Apple is looking to partner with publishers on a subscription news service that would allow readers to pay around $10 (about R137) per month to read content that is usually paywalled, but Apple's proposed 50% revenue split with publishers has not gone over well, according to the Journal.

BuzzFeed reports that Apple is planning to hold an event on March 25, its first of 2019.

It's worth noting that the absence of streaming options from entities like HBO, Netflix, and perhaps Hulu arguably hurts Apple more than anyone else given that the company would ideally like to house all popular streaming options under a unified umbrella app on iOS. The good news is there are reports that Apple plans to offer the content for free to Apple device owners. Multiple major publishers have, according to the sources, failed to sign onto the plan due in part to the financial terms; among these publishers is allegedly the New York Times and Washington Post.

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We spoke to expert analyst Dan Ives, of Wedbush Securities, who said he thinks rumors of a news service launch are true - but fresh gadgets could also be on the way soon.

It was previously rumored that Apple would debut new Apple AirPods 2 wireless earbuds in March, but that may no longer be the case.

An Apple spokesperson declined to comment when contacted by ZDNet.

That may suggest the company is expecting this new subscription service to be a hit among customers.

This story originally appeared in The Sun.

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