Apple's streaming video service might finally arrive in April

Apple's Holding a Surprise Event on March 25, Here's What to Expect

Apple is reportedly taking a hard line with publishers during its negotiations for a proposed news subscription service.

Another report by The Wall Street Journal, however, has said that Apple is having dramas with publishing partners, and rightfully so, because the company is apparently asking for a 50 per cent revenue cut from subscriptions.

But it also says Apple only wants to give 50% of that fee to news publishers - and keep the rest for itself. Apple's video service will allow customers to subscribe to various digital streaming products and watch in the iOS TV app.

Greek tech news site iPhoneHellas claims it received confirmed pre-order and release date information from a "reliable source" in Apple's production chain in China.

The video service is similar to Amazon.com Inc's Prime Video and Netflix Inc products, and will include TV shows and movies either acquired or funded by Apple. To this point, Netflix late past year removed the ability for new subscribers to sign up with iOS via in-app subscriptions, thus removing Apple's ability to earn 15% of all subscription fees in the process.

More news: Pop superstar Ariana Grande drops album amid Grammys spat

How much will Apple's TV service cost? We've appreciated Apple's thoughtfulness and leadership on a number publisher concerns over the previous year. The New York Times and Washington Post are two of the big names objecting to Apple's terms. Headlining the gathering: That subscription news service that has been all over the news today.

If the rumor proves to be true, the AirPods 2 release date could coincide with the iPhone 11's predicted launch date in early September.

Apple is reportedly planning a media event at the Steve Jobs Theater on March 25, according to sources familiar with the matter. Whether Apple's new subscription service will prove advantageous enough to attract major publishers remains to be seen.

An Apple spokesperson declined to comment when contacted by ZDNet.

In addition to asking for a revenue cut that is way higher than what App Store publishers must pay, Apple is also asking for select publishers to commit to using the news platform for a minimum of one year.

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