Apple acquires digital magazine platform Texture

From BBC - March 12, 2018

Apple is buying the magazine app subscription service Texture for an undisclosed amount.

Texture offers US-based users unlimited access to more than 200 titles for a monthly fee of $9.99 (7.19).

It is currently owned by Next Issue Media, which is backed by magazine publishers Conde Nast, Hearst, Meredith, News Corp, Rogers Communications, and Time Inc.

Apple said it was "committed to quality journalism from trusted sources".

Texture was launched in 2010 and won a "Best Of" award from the App Store editorial team in 2016

One media analyst said the move to acquire Texture was Apple's way of trying to appease content publishers, who were upset by the launch of its News app in 2015.


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