The report comes hours after The Wall Street Journal reported that Apple has run into resistance during negotiations with top news publishers over the terms of its subscription news service. The event will reportedly take place at the Steve Jobs Theater on the Apple Park campus in California. Cupertino wants to "keep about half of the subscription revenue" generated by publishers.
An Apple subscription will also include free content, but customers will have an option to pay to access other content from providers.
However, Apple has been holding events in March for years, so it's not entirely surprising news.
Greek tech news site iPhoneHellas claims it received confirmed pre-order and release date information from a "reliable source" in Apple's production chain in China.
Aladdin Remake Triggers Twitter Over Blue-Faced Will Smith
For his part, Smith said, "I think it'll stand out as unique even in the Disney world". Aladdin hits theatres on May 24 and stars Mena Massoud , Naomi Scott , and Smith.
A premium news subscription could cost around $10 per month, the same that Apple Music now costs. An announcement for the news service is expected in March, Buzzfeed reported. We've appreciated Apple's thoughtfulness and leadership on a number publisher concerns over the past year. Paid subscriptions though the iOS news app could roll out as early as March 25.
According to the report, both the New York Times and the Washington Post have rejected deals because the terms are too poor.
Apple Inc is targeting an April event to introduce a streaming television service that will likely include subscription TV services from CBS Corp, Viacom Inc and Lions Gate Entertainment Corp's Starz among others as well as its own original content, sources familiar with the matter told Reuters on Wednesday.
For now, we will have to wait until Apple officially announces its new service to learn more.
Apple declined comment Wednesday when contacted by Deadline.