Apple Wants to Disrupt the News Business with a Subscription Service

Apple Will Reportedly Launch a Paid News Subscription Service in the Next Year

Apple Will Reportedly Launch a Paid News Subscription Service in the Next Year

The company agreed last month to buy Texture, which lets users subscribe to more than 200 magazines for $9.99 a month.

Apple is planning some paid news thing, according to Bloomberg report - though it's unclear if that'll simply be a rebrand of the Texture digital magazine subscription service that Apple acquired in March, or something that includes news sources beyond magazines.

The Cupertino company now offers access to a variety of news services through its Apple News app, however, many of these require individual subscriptions.

Apple shares are rallying Tuesday, up 1.5% at $178.46, after Bloomberg reported the tech giant is launching a subscription news service. It is only available in three markets: US, the United Kingdom and Australia. Now sources speaking to Bloomberg claim the company has plans to integrate it with News within the next 12 months, as part of a push to generate more money from online products and services.

Communications providers to block Telegram starting on April 16
In response, Telegram's lawyers said that they would file an appeal at the Moscow City Court after a careful study of the ruling. The ruling follows months of battles between Telegram and Roskomnadzor, Russia's telecommunications watchdog.

Apple has been looking for revenue from services to complement its device sales for years, which is why the success of Apple Music has been such a boon for the company.

Apple Music was also built through an acquisition - the company bought Beats in 2014 for $3 billion and turned it into the streaming service it is today. Beats Music, with its fewer than one million subscribers, shut down not long after Apple Music came out. Executives have said they're targeting services revenue of roughly $50 billion by 2021. This approach would set it apart from Apple's previous Newsstand app, which gave users access to magazine subscriptions on an individual basis.

Which makes sense when you think about it. Apple already makes a decent slice of cash by selling music and video on iTunes, alongside subscriptions for Apple Music, so it makes sense that it would want to expand that to other areas. It also gets a cut of subscriptions sold by third-party apps on the App Store. Texture had about 100 staff.

Apple News made its way to iPhone and iPad with the launch of iOS 10.

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