Apple Plans to Launch Its 'Netflix for News' Service Next Month
14 February, 2019, 07:10 | Author: Jared Lewis
The Vergereports that Apple is planning to release a news subscription service but is facing resistance from publishers after the tech firm stated that they expected to receive 50 percent of all revenue generated by publishers using its platform.
Apple, which has taken its time developing a strategy for entering the crowded streaming video field, is targeting springtime for the launch of a new streaming clearinghouse, according to multiple reports. Moreover, the report states that Apple plans to keep it very simple and allow consumers to watch all TV shows in a single app, instead of requiring them to launch separate apps for each service.
Reuters and CNBC today have reported that the new venture would offer customers an experience featuring subscription offerings from the likes of CBS, Starz, Viacom and possibly HBO.
Rumor mill: A premium news service from Apple could ask publishers to give up half of their earnings. The service is rumored to launch later this year. 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.
We've heard the date of 29 March before, but in our estimations we also think that it is likely Apple will host the event closer that date, with a much leaner pre-order period.
Also, if the March 25 event turns out to be subscription-focused, it isn't clear when new hardware will make an appearance. The Washington Post didn't immediately respond to a request for comment. Sources tell BuzzFeed News that the company plans to hold a special event on March 25 at the Steve Jobs Theater on its Apple Park campus. This event will be focused on services and Apple will unveil a news subscription service that will allow users to access several different publications for a low monthly fee.
As for the original programming Apple has been working on, some of the projects in the works include a revamp of the 1980s hit Amazing Stories, a new comedy series from It's Always Sunny in Philadelphia stars Rob McElhenney and Charlie Day, and projects from La La Land creator Damien Chazelle.
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