Apple to announce a new subscription-focused service on March 25th

Apple Is Reportedly Launching A ‘Netflix For News’ Service This Year

The service, which some have described as similar to a "Netflix for news", would reportedly have Apple keeping around half of the revenue brought in by subscriptions, with the remaining revenue being split up and distributed to publishers based on content engagement. Corroborating previous reports about Apple's TV plans, the report claims that Apple's original content will be available for free for iOS users and will also enable users to seamlessly sign up for streaming packages from other content creators.

Now, it looks like Apple will show off its video subscription platform for the first time at the event, according to a report from Bloomberg.

In terms of non-original programming, reports suggest that viewers will get the option to subscribe to programming from Starz; CBS and Viacom and other partners through Apple's platform.

Since a lot of enthusiasts are waiting for Apple's Video service that was rumored to debut sometime in April, we could assume that this March event will be a good occasion for Apple to reveal all the details about this new subscription service. The TV service is expected to launch globally, a person familiar with the matter said, an ambitious move to rival services from Netflix Inc and Amazon.com Inc's Prime Video. Since Apple announced in November that it would no longer break out iPhone sales in its quarterly earnings reports, investors will likely be looking to the growth of its services business moving forward, which reached an all-time high of $10 billion (R137.4 billion) during the holiday quarter. While we'll advise you to take this information with a pinch of salt, you should be reminded that Apple has held a number of events in March.

No single model has proven particularly fruitful, and a subscription service akin to the one expected from Apple may become a popular alternative.

Apple CEO Tim Cook recently teased that "new services" from Apple are coming in 2019 during an interview with CNBC's Jim Cramer. An Apple spokesman didn't respond to a request for comment.

This story originally appeared in The Sun.

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