Apple has just disclosed its new service named Apple News Plus, which includes magazines to the Apple News application. The stress is on high quality, curation, and trust, all of which Apple believes important for a magazine and news consumption application. There will be more than 300 magazines, such as Esquire, The New Yorker, National Geographic, The Atlantic, Vogue, and Men’s Health, and Apple News Plus will be “the sole place” where you will be capable of getting all of them at once.
The Wall Street Journal will be the huge new name that Apple includes from the newspaper business to Apple News Plus. An internal memo obtained by the media claims that the WSJ will offer only “an expressly curated bunch of global affairs from The Wall Street Journal” to Apple News Plus users. That leaves out the analysis and business reporting that’s at the core of the complete subscription for the industry.
On a related news, the “Netflix for news” subscription service by Apple has rolled out, but an earlier new media report recommended that the tech firm is seeking to take a 50% cut of income from the new offering. The Apple News paid service is claimed to operate a lot similar to how Hulu or Netflix does for TV shows. Consumers will pay a one-time monthly charge to the firm and get access to a broad range of paid magazines and news sources all packed together.
But it seems that Apple is running into problems with publishers over how much of that cash (speculated to be $10 per subscriber per month) will make its way back to the content’s creators. As per the media, Apple is presently proposing offers in which it will keep 50% of that income for itself, while the other 50% will be distributed on the basis of how much time consume spend reading every content of particular publisher.