Leak: Apple is demanding 50% of the revenue from its "Netflix for news" product

Apple's been playing Lucy-and-the-football with the media industry for years now, exploiting the media's horrible Daddy Complex that has it forever searching for a tech company that will give it a sustainable future.

The latest such bid is Apple's forthcoming 'Netflix for news' product that will collect $10/month from subscribers and then share the revenue among media outlets, based on the pageviews each outlet generates.

Leaks from people involved in negotiating the deals have it that Apple is planning on keeping 50% of the revenues generated by its product (double the rate it keeps from Itunes 'sales,' and much more than it charges software vendors who use Ios App Store, who pay 15%-30% depending on the transaction).

This is a reminder that whether or not you are paying for the product, you are the product. Google sells you to advertisers (for laughably small sums, because it sucks at predicting which ads will trigger sales and thus has to collect ever-larger quantities of personal information to make ever-smaller gains in its prediction accuracy); and Apple sells you to copyright holders: the music industry, the movie industry, software vendors, and news outlets (Apple doesn't always sell you: sometimes it just milks you, as when it spends millions to kill Right to Repair laws in order to force you to pay a premium to get your property serviced, and to give it control over when a machine has to be landfilled and replaced, rather than fixed and re-used).

In both cases, you have a giant, secretive, tax-dodging, essentially lawless would-be monopolist using a combination of market-cornering, DRM, restrictive license terms, trade secrets, confidentiality agreements, financial engineering, and other tactics that were