Apple in talks to create “Netflix for news” subscription service

Enlarge (credit: Valentina Palladino)
Apple CEO Tim Cook alluded to more services coming this year, and this week we're learning more about what the company has in store for news. According to a report in The Wall Street Journal, Apple has been in talks with publishers about a subscription news service that would be a new paid tier of its existing Apple News app. 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.

This so-called 'Netflix for news' service would allow customers to access an unlimited amount of content from included publishers for a monthly fee. The service could be around $10 per month, similar to Apple Music, but the cost hasn't been finalized yet.
Apple has talked with publishers including The New York Times, the Washington Post, and The Wall Street Journal, but they (and others) have concerns about Apple's terms. The company wants 50 percent of revenue for itself, and the remaining 50 percent would be divided among participating publishers 'according to the amount of time users spend engaged with their articles.'
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