Apple to Host an Event on March 25 for Upcoming Subscription Services

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Apple is reportedly planning a media event at the Steve Jobs Theater on March 25, according to sources familiar with the matter.

If reports are accurate, then Apple is asking publishers for 50% of the revenue cut for its planned News subscription service.

The event will be "subscription services focused", however, it's unclear if it will also include details on the upcoming TV news service that Apple has in the works. Customers will reportedly pay a monthly subscription fee for access, but a new report claims Apple's alleged financial terms aren't sitting well with publishers.

On the other hand, you probably shouldn't expect any physical products to be unveiled at the event. Informally dubbed as Netflix for News, the subscription service is said to cost $10 (roughly Rs. 700) a month, like the company Music streaming service, but the final pricing is yet to be determined.

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Credit: Tom's GuideApple apparently hopes to spur that growth even more with a news subscription service.

Apple is known to be working on a video content platform that could include original TV shows and films, as well as a separate media subscription service that would allow unlimited access to magazines - just like the Texture app it acquired a year ago.

Normally Apple events are reserved for new gadgets - like an iPhone 11 or last year's Apple Watch 4 - so the rumored March 25 keynote would be a break from tradition. Headlining the gathering: That subscription news service that has been all over the news today. But new hardware like the rumored AirPods update, the long-awaited AirPower charging pad or any new phone, tablet or Mac models aren't on the agenda. Last year, the company unveiled the iPad 6, the first-ever low-priced slate from the manufacturer to feature support for the Apple Pencil, on March 29. The report also mentions the fact that the new AirPods 2 will come with a case that can be charged wirelessly via the AirPower accessory.

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