Apple in talks to create "Netflix for news" subscription service

EnlargeValentina Palladino

Given that Apple has a history of holding events in March where it reveals both products and services, it's not surprising that the tech giant is once again planning a keynote for the end of that month.

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

On the other hand, you probably shouldn't expect any physical products to be unveiled at the event. Informally dubbed as Netflix for News, the subscription service is said to cost $10 (roughly Rs. 700) a month, like the company Music streaming service, but the final pricing is yet to be determined.

More information from the website states that pre-orders for the AirPods 2, AirPower and new iPads will start on Friday, March 22, with the devices officially available starting March 29.

Big publishers are pushing back against Apple's alleged financial terms for a news subscription service, sources have claimed. Starz, Showtime and Viacom are expected to offer subscription streaming services on Apple's platform, but these are just some of the channels that customers will be able to watch on the upcoming service.

More than that, Apple is also said to be mulling a combined subscription bundle that could incorporate all of them together. Apple also recently confirmed to The Canadian Press that publishers would be able to sell subscriptions through Apple News in Canada, but declined on going into specifics. However, the company has been butting heads with publishers over monetary details-Apple reportedly wants to keep 50 percent of subscription revenue from the service. In comparison, Apple's developer program only takes a 30-percent cut of the revenue generated from app purchases in the App Store. Unlikely to make an appearance: next generation Airpods, or that rumored new iPad Mini. New rumors posted today (February 12, 2019) have given conflicting indications as to when the putative AirPods 2 may be released.