Last month, Apple acquired Texture, a magazine subscription service comparable to a Netflix payment model. Now, according to The Verge, Apple might be working on its own “premium news service.”
The Verge says that “a new Apple News app will reportedly launch within the next year, and offer a subscription with a percentage of revenue shared to publishers.”
Apple’s previous attempts at breaking into the news market have not been successful. For example, it created The Daily, an iPad exclusive publication that was shut down after only two years due to lack of an audience. But perhaps creating something more tailored that allows users to choose material of interest to them will prove a better business model; especially when considering the success of Apple Music.
As of publication, Apple has not disclosed how much publishers are set to receive from Apple News’ potential revenue.
Source: theverge.com – Apple reportedly launching subscription news service
Published: April 17, 2018