Apple Will Launch Its News Subscription Service Within Next Year, According To Bloomberg

New report published by Bloomberg's Mark Gurman says that Apple will offer a news subscription services within a year. Much like the $9...

New report published by Bloomberg's Mark Gurman says that Apple will offer a news subscription services within a year. Much like the $9.99 Apple Music subscription services that integrated into the Music app, Apple would also do the same through an upgraded Apple News app for its news service.

The service is said to be based on subscription-based digital magazine app Texture, who provides unlimited access to over 200 digital magazines for $9.99 per month. The report points out that Apple has already started integrating Texture’s employees into the company, in which it hired 20 employees in the process.

The world’s largest technology company is integrating Texture technology and the remaining employees into its Apple News team, which is building the premium service. An upgraded Apple News app with the subscription offering is expected to launch within the next year, and a slice of the subscription revenue will go to magazine publishers that are part of the program, the people said. They asked not to be identified discussing private plans. Apple declined to comment.

It's expected that the revenue would eventually help boost Apple's growing services division, which includes the App Store and iCloud, while the company could also split the revenue with the publishers. The news service would be first available in the United States, Australia, and the United Kingdom, as the News app only supports these countries.

Image Via Apple Support