Big publishers are pushing back against Apple's alleged financial terms for a news subscription service, sources have claimed. According to the new report, the Cupertino based company is preparing a subscription-focused event to unveil a new service.
A premium news subscription could cost around $10 per month, the same that Apple Music now costs. 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.
In our estimation, taking Apple's former habits into account, that means it will host an event on the Tuesday before pre-orders open; on the aforementioned 19 March.
There have also been rumours that Apple is experiencing pushback from publishers regarding the upcoming news subscription platform's 50 percent revenue share, according to a recent report from The Wall Street Journal.
That's according to BuzzFeed News, which cites sources who say the event will be held at the new Steve Jobs Theatre on the recently-completed Apple Park campus in California.More news: Pete Davidson covers up Ariana Grande tattoo with word 'cursed'
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It is worth noting that the report does suggest the company may change its plans if it can't nail down negotiations with publishers. The good news is there are reports that Apple plans to offer the content for free to Apple device owners.
Apple is known to be working on a video content platform that could include original TV shows and films, as well as a separate media subscription service that would allow unlimited access to magazines - just like the Texture app it acquired a year ago. That was previously reported to not be going very well, as Apple is reportedly demanding 50% of the revenue from publishers. "On services, you will see us announce new services this year", Cook said. The New York Times and the Washington Post are said to be among the publishers that are not happy with Apple's terms.
Apple declined to comment on or confirm a March 25 event.
This story originally appeared in The Sun.