Apple plans to announce new products at the event on March 25 at its headquarters, Buzzfeed reports. This is expected to include its new news subscription service, as the company is looking to increase revenue from services even more, as iPhone sales are slowing down. However, the Wall Street Journal reported that the company is facing resistance from some publishers invited to join the news service, as Apple is trying to hold up to 50% of subscription revenues.
People who are familiar with the issue say that Apple's proposal for news organizations offers a 50-50 revenue split. The service described by industry executives as "Netflix for News" will allow users to read unlimited content from participating publishers for a monthly fee. It is expected to be launched later this year as a paid level of the Apple News application, sources of the WSJ reported.
Apple will retain 50% of revenue and the rest will go to a pool that will be split between publishers depending on the time users spend with their articles, the report said. Apple officials have told publishers that subscription service can be estimated at around $ 10 a month, similar to Apple's streaming service, but the final price may change.
The New York Times and the Washington Post are among the biggest editions that have so far not agreed to license their content, partly because of concerns about the proposed terms. The Wall Street Journal is still in talks with Apple, but talks are "productive," the report said. Publishers also fear that Apple does not plan to share subscriber data, including details such as emails and credit card numbers.