Apple Is Reportedly Launching A 'Netflix For News' Service This Year

Apple Is Reportedly Launching A 'Netflix For News' Service This Year

Apple Is Reportedly Launching A 'Netflix For News' Service This Year

And what may be another signal of that idea is an entire event scheduled to unveil that service. 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.

According to Buzzfeed, Apple's event is scheduled for Monday, March 25th at the Steve Jobs theater.

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BuzzFeed's sources indicate that the event is "subscription services focused" and that upcoming devices like AirPods 2 and an iPad mini refresh are unlikely to make an appearance. So if you've been waiting for the new iPad & iPad Mini, new iPod, and second-gen AirPods, you'll probably need to wait a little longer.

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The event would mark Apple's first major product announcement for 2019.

However, as noted above, this could be an event that's not just about the News subscription service, but rather Apple's new subscription services in general. CNBC is today reporting that Cupertino is targeting an April launch for its new video service, though it could end up launching the new service in early May, too. 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.

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Apple is known to be working on a video content platform that could include original TV shows and films, as well as a separate media subscription service that would allow unlimited access to magazines - just like the Texture app it acquired a year ago. Indeed, there was a previous rumor that said Apple would offer up a big bundle for its News and original content streaming efforts, so an event could be a way to promote all of it at once.

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