Apple reportedly wants to keep 50% of subscription news service revenue

Credit Apple

Credit Apple

Apple News is a service for Apple devices that delivers current news curated by editors with some level of personalization.

According to a report by BuzzFeed, Apple is gearing up to launch a news subscription service on March 25 during a special event. Whether Apple's new subscription service will prove advantageous enough to attract major publishers remains to be seen.

This so-called "Netflix for news" service would allow customers to access an unlimited amount of content from included publishers for a monthly fee.

Apple doesn't typically hold more than one spring media event, though it could this year.

BuzzFeed reported on Tuesday that Cupertino is planning to hold a services-focused event for on March 25, where the company will talk about its new services.

The report comes hours after The Wall Street Journal reported that Apple has run into resistance during negotiations with top news publishers over the terms of its subscription news service.

Apple already offers a similar service for free called Apple News, which aggregates top stories from free providers.

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

According to the report, both the New York Times and the Washington Post have rejected deals because the terms are too poor. But apparently, this will not be the case, and instead of a hardware piece, the company will be introducing a new service.

Greek technology website iPhonehellas claims it has "exclusive information" pertaining to the launch date of Apple's AirPods 2, new iPad models and the AirPower charging mat.

On the other hand, you probably shouldn't expect any physical products to be unveiled at the event.

"With much pushback from publishers Apple is realizing this news service bundle will have its share of hurdles to find success with consumers as well as content partners".

An Apple spokesperson declined to comment when contacted by ZDNet.

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