“Apple says it wants to help save journalism,” Peter Kafka writes for Recode. “All it wants in return is half of all the revenue journalists make when they sell their stuff through a forthcoming new Apple subscription service. Cue internet outrage.”
MacDailyNews Take: “Internet outrage” is redundant.
“So what is Apple thinking now?” Kafka writes. “Here’s the short answer, which I’ve cobbled together by talking to industry sources: Apple has already signed many publishers to deals where they’ll get 50 percent of the revenue Apple generates through subscriptions to its news service, which is currently called Texture and will be relaunched as a premium version of Apple News this spring. And some publishers are happy to do it, because they think Apple will sign up many millions of people to the new service. And they’d rather have a smaller percentage of a bigger number than a bigger chunk of a smaller number.”
Kafka writes, “In the words of a publishing executive who is optimistic about Apple’s plans: ‘It’s the absolute dollars paid out that matters, not the percentage.'”
Read more in the full article here.
MacDailyNews Take: Here’s an even shorter explanation for the headline: Basic math.
Apple plans star-studded March 25th event to unveil video and news subscription services – February 13, 2019
Apple to hold special media event on March 25th – February 12, 2019
Publishers chafe at Apple’s terms for subscription news service – February 12, 2019
Apple to relaunch Texture magazine subscription service as soon as spring 2019 – December 12, 2018
Apple to shut down Texture’s Windows app in July – May 4, 2018
Amazon considered buying Texture before Apple bit – March 13, 2018
Apple pushes deeper into news – March 13, 2018
Apple to acquire Next Issue Media and its digital magazine-subscription service Texture – March 12, 2018