Google to Launch Online Subscription Service

Google Inc. (GOOG) plans to launch a new payment system for online paid content that will give newspaper and magazine publishers a significantly larger share of revenues than a rival service offered by Apple Inc (AAPL). Under the new service, called Google One Pass, Google will keep 10% of revenues, compared to the 30% cut demanded by Apple for subscriptions sold through its online store. Google’s service will also give publishers control of consumer data, something Apple has refused to do. – WSJ

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