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The event will reportedly take place at the Steve Jobs Theater on the Apple Park campus in California.

But it also says Apple only wants to give 50% of that fee to news publishers - and keep the rest for itself. That was previously reported to not be going very well, as Apple is reportedly demanding 50% of the revenue from publishers. The new iPad mini 5 and the iPad 7 are expected to launch side by side with varying prices, and they will retain the Touch ID security feature instead of the more advanced Face ID. It'll be a premium product within Apple News, according to an earlier Bloomberg report. The TV service is expected to launch globally, a person familiar with the matter said, an ambitious move to rival services from Netflix Inc and Amazon.com Inc's Prime Video.

Apple has traditionally held a special event near the end of March each year where the company has announced new iPads and the iPhone SE among other products. Apple's App Store, where the service is likely to be distributed, is now available in more than 100 countries. We've appreciated Apple's thoughtfulness and leadership on a number publisher concerns over the past year. Headlining the gathering: That subscription news service that has been all over the news today. Multiple major publishers have, according to the sources, failed to sign onto the plan due in part to the financial terms; among these publishers is allegedly the New York Times and Washington Post. The Information claimed that Apple told content providers and service partners to have their content ready by the middle of April, and that the company targeted a launch date "within several weeks" of that timeframe. The company has also historically taken a 30 percent cut from app sales and one-time in-app purchases for as long as the App Store has been around. Others have transitioned to locking all content behind a paywall, while others offer a certain amount of free content to all readers, requiring payment to access the rest.

Apple declined comment Wednesday when contacted by Deadline.