Apple subscription information service would reportedly cut up income 50-50
Apple CEO Tim Cook dinner attends the annual session of China Growth Discussion board (CDF) 2018 on the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.
Apple is planning an all-you-can-read subscription information service in partnership with publishers, based on a report by The Wall Avenue Journal. Apple would bundle information content material from throughout media shops then hold about half the income, the report says.
information publishers who’re more and more dealing with tighter revenue margins.
The plan would contain a paid tier of the Apple Information app that will value about $10 monthly and embrace information tales which are presently hidden behind publishers’ paywalls. Apple would hold half of the charges, and the opposite half can be divided amongst publishers based mostly on how a lot time readers spent studying every outlet, the report says.
The deal would supply publishers considerably lower than they make by means of their very own subscription providers at the moment. As an example, The Wall Avenue Journal expenses greater than $20 a month for varied digital subscriptions.
Apple can also be growing a brand new video service, CNBC reported in October. The corporate has been shifting towards recurring income schemes as iPhone gross sales shrink. Goldman Sachs individually this week mentioned a bundle might drive progress in Apple’s providers phase.
Learn the complete Wall Avenue Journal report.
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