Apple’s greedy terms for new service reportedly spook publishers

Credit Apple

Apple is planning to hold a special event on March 25 during which it's expected to share details on its rumoured subscription news service, according to a new report from BuzzFeed.

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.

According to WSJ, news publishers are not so happy with this news subscription plan as Apple is demanding half the revenue.

However, publishers are reportedly throwing a fit over the terms that Apple has laid out for posting their work.

However, Apple has been holding events in March for years, so it's not entirely surprising news.

The service will be unveiled during an upcoming event in April or May.

It's the season of video streaming, as important companies announced or plan to launch such services in the coming months. The company has been working on a news subscription service that works similar to Netflix for a while, and it's getting ready to launch the service next month.

Beyond music, Apple's next big push into services centers on TV, and in particular, original programming. While we'll advise you to take this information with a pinch of salt, you should be reminded that Apple has held a number of events in March.

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.

According to the report, both the New York Times and the Washington Post have rejected deals because the terms are too poor.

"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".

No single model has proven particularly fruitful, and a subscription service akin to the one expected from Apple may become a popular alternative. Apple has typically sought a cut of between 30 percent for apps in the App Store to 15 percent for premium channel apps such as HBO.

We've asked Apple for comment and will update this story with any response.

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