Apple is obtaining subscription service call “Netflix of Magazines” from Texture that is owned by Next Issue Media LLC company. The purchase will give readers the chance to get access to about 200 magazines for monthly charge of $9.99.
Eddy Cue, SVP of internet software and services at Apple said, “We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”
Apple is getting the whole Next Issue Media business and keeping the company’s staff, as reported by TechCrunch.
Texture will still be available via iOS, Android, Amazon Kindle Fire and Windows 10 apps. It is unknown at the moment how much Apple paid for this purchase.
Back in 2016, Apple put Texture on its “Most Innovative App” list.
Previously owners of Texture were Condé Nast, Meredith, News Corp, Roger Communications, and Time Inc. The company’s goal for the app and Next Issue Media was to try and provide digital media to its customers.
[Via The Verge]