Rumor: Apple to announce news subscription service on March 25

Apple will hold an event on March 25 to announce a news subscription service. BuzzFeed claims that based on sources. There have been rumors of such a service for a long time. Apple would like to keep half of the revenue.

The event will revolve around subscription services, according to BuzzFeed sources, but whether Apple will also reveal more about its video streaming service is not yet clear. According to an earlier rumor, Apple will start with that service in April.

In any case, Apple would announce a paid news subscription service at the event. According to The Wall Street Journal, Apple wants to keep half of the revenue from that service for itself, while publishers who publish through the service get the other half. For many publishers, that ratio would go down the wrong way. Apple also reportedly does not want to share user data with the publishers.

BuzzFeed sources believe there’s a slim chance Apple will delay the announcement due to the revenue split. The service would cost ten dollars a month and provide access to news and articles. Last year, Apple already acquired the American Texture, a subscription service for articles.