Several publications are resisting Apple Inc's plans to keep about half of the revenue from its upcoming news subscription service, the Wall Street Journal reported on Tuesday, citing the iPhone maker's pitch to some news organizations. Compared to online newspaper subscriptions and well known news sites, the cost is not unreasonable, especially by Apple's pricing standards. And what may be another signal of that idea is an entire event scheduled to unveil that service.
This is in line with other rumors that said Apple would launch the service this spring.
"Apple has settled on a date for its first big product announcement of 2019". The event will reportedly take place at the Steve Jobs Theater on the Apple Park campus in California. Calling it the Netflix of news, Apple's hefty fee may send content providers running.
It was previously rumored that Apple would debut new Apple AirPods 2 wireless earbuds in March, but that may no longer be the case.
Apple has traditionally held a special event near the end of March each year where the company has announced new iPads and the iPhone SE among other products. But new hardware like the rumored AirPods update, the long-awaited AirPower charging pad or any new phone, tablet or Mac models aren't on the agenda.
Apple declined to comment on or confirm a March 25 event.
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.
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.
Apple also reportedly wants outlets to commit to supplying news for at least a year, which has also faced resistant from publishers who would prefer a shorter commitment.