Apple reportedly demanding a staggering 50 percent of revenue with ‘Netflix for news’ subscription
Apple’s “Netflix for news” subscription service hasn’t launched yet, but a new report from The Wall Street Journal suggests the tech company is looking to take a 50 percent cut of revenue from the new service. The paid Apple News service is said to work a lot like Netflix or Hulu does for TV shows — users would pay a single monthly price to Apple and get access to a wide range of paid news sources and magazines all bundled together.
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