Apple reportedly demanding a staggering 50 percent of revenue with ‘Netflix for news’ subscription
Apple’s “Netflix for news” subscription service hasn’t launched yet, but a new report from The Wall Street Journal suggests the tech company is looking to take a 50 percent cut of revenue from the new service. The paid Apple News service is said to work a lot like Netflix or Hulu does for TV shows — users would pay a single monthly price to Apple and get access to a wide range of paid news sources and magazines all bundled together.
But Apple is apparently running into issues with publishers over how much of that money (rumored to be $10 per month per subscriber) will make its way back to the creators of the content. According to the WSJ, Apple is currently proposing deals in which it would keep half that revenue for itself, while the...