Apple acquires magazine subscription app Texture

Apple acquires magazine subscription app Texture

Apple has acquired Texture, an online magazine subscription service that provides access to over 200 magazines for $9.99/month. It's not clear if Apple will charge users to access these magazines, as Texture now charges $9.99 a month for the service.

Users can read magazines on up to five devices in a single subscription. Texture will continue to offer iOS, Android, Amazon Kindle Fire, and Windows 10 apps.

While Cue said Apple won't be purchasing Netflix (it could if it wanted: Apple is worth over $910bn and Netflix is $25bn in debt), the tech giant recently hired two executives for its grand TV strategy and now has a team of 40 people both based in the United States and overseas.

It's unclear how Apple will integrate the service or what it means for Apple News.

Lower Priced 13-inch Retina MacBook Coming in June
Sources close to the matter claim that it will fetch a price tag that is around the same level as the MacBook Air. These are thought to be for a new MacBook Air, which now comes with a 1,440 x 900 resolution screen.

Apple has purchased other media-focused companies, such as Beats for $3 billion and BookLamp, which was then touted as a "Pandora for books", for as much as $15 million in 2014.

We're excited Texture will join Apple, along with an impressive catalog of magazines from numerous world's leading publishers. "We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users", said Apple's Eddy Cue, announcing the acquisition. Texture, which is owned by many big publishers such as Conde Nast and Hearst, has hundreds of thousands of subscribers, according to its CEO John Loughlin in 2016.

Byers asking Cue about the open platform argument that Facebook has struggled with, Cue says for Apple there is a large responsibility for large platform holders; iTunes and Podcasts has been influential in creating rules and guidelines, despite taking heat for that, that helps with media curation, Cue draws the line between open platforms and free speech with examples like bomb making apps, white supremacy speech, etc.

Texture launched back in 2010, and is now owned by Condé Nast, Hearst, Meredith, Rogers Media and KKR. "We don't try to sell the most smartphones in the world; we don't try to sell the most apps, we try to make the best one".

Related news:

Hot News

isis-killer-beheading-video-story-top Nokia 8 Pro specifications leaked; Snapdragon 845, 8GB RAM and more
Mar 12, 2018 - 19:43
Google will release Android P later this year, but the first phones to get Android P will be Google's own Pixel 3 handsets. At the front, the device to come with a 13 Megapixel of selfie shooter camera which is a Secondary camera on the device.

isis-killer-beheading-video-story-top Adrian Peterson could return to Cardinals after release
Mar 12, 2018 - 19:25
The 2012 NFL MVP sits second among active rushers in yards and attempts, behind Frank Gore. Logan and Darius Victor as running backs under contract for next season.

isis-killer-beheading-video-story-top India's February core consumer inflation around 5.04-5.16 percent
Mar 12, 2018 - 19:21
Meanwhile, the Consumer Price Index inflation for February fell to 4.44% for February 2018 compared to the same month in 2017. The cumulative CPI inflation was lower at 3.52% in April-December FY2018 compared with 4.58% in April-December FY2017.

isis-killer-beheading-video-story-top Stormy Daniels Is Willing to Return $130000 Hush Money
Mar 12, 2018 - 19:09
In return, she wants to walk away from an agreement she reached in October 2016 with Cohen to keep quiet about the alleged tryst. The American people should be permitted to judge for themselves who is shooting straight with them and who is misleading them.

isis-killer-beheading-video-story-top Sherman is 'Vengeful' Towards Seahawks
Mar 12, 2018 - 19:01
That seems likely, assuming Sherman has been correct in saying he thinks he'll be fully healed by the summer. In my former contract, no matter what I did this year, nothing would be guaranteed to me next year.

isis-killer-beheading-video-story-top Iran, Pakistan determined to boost border security
Mar 12, 2018 - 18:57
He was warmly welcomed by senior officials of Foreign Ministry at Islamabad Airport. Zarif also remarked that extremism and terrorism spread due to poverty.

isis-killer-beheading-video-story-top Philips Hue Outdoor Smart Lights Coming in July
Mar 12, 2018 - 18:25
With the Hue app, you can choose from 16 million different colors for your lights to shine. News from Philips Lighting is located at the Newsroom , Twitter and LinkedIn .

isis-killer-beheading-video-story-top Xbox One update brings AMD Freesync support, automatic TV game mode switching
Mar 12, 2018 - 18:13
The first episode had details on Sea of Thieves , PixArk , and the Xbox version of PlayerUnknown's Battlegrounds . TVs that are coming to market this year will have the capability to enable their low-latency modes automatically.

isis-killer-beheading-video-story-top Sushma Swaraj says Naresh Agrawal's statement on Jaya Bachchan 'improper and unacceptable'
Mar 12, 2018 - 17:58
"I have been compared with those who dance and work in films ", Agrawal said , leaving the BJP leaders on the dais squirming. After filing nomination, she said, "I want to thank Mulayam Singh Yadavji, all party MLAs and MLCs for my candidature".

isis-killer-beheading-video-story-top National Football League free agent rumors: Dolphins to release DT Ndamukong Suh
Mar 12, 2018 - 17:55
By designating Suh as a post-June 1 release , the Dolphins can save about $17 million against the cap. At the time colleague Ryan Wilson wrote that Suh's contract could come back to haunt the Dolphins.

isis-killer-beheading-video-story-top Trump claims he could beat Oprah because he knows her 'weakness'
Mar 12, 2018 - 17:39
But he harkened back to when he and his family were interviewed during the final weeks of "The Oprah Winfrey Show" in 2011. Gayle King, her best friend, had subsequently said Winfrey was "very intrigued" about the idea of running for president.

Sloppy, uninspired England lose in France to relinquish title
Mar 12, 2018 - 17:28
Jessy Tremouliere's last minute try ended England Women's Six Nations Grand Slam bid as France Women claimed a dramatic 18-17 victory in Grenoble.

isis-killer-beheading-video-story-top PSG Chief To Hold Crunch Talks With Neymar In Brazil
Mar 12, 2018 - 17:27
Barca coach Ernesto Valverde called the rumours "fantasy" on Friday but Rakitic was more welcoming to the idea of the Brazil worldwide coming back to the club.

isis-killer-beheading-video-story-top Ford Mustang California Special Gets Updates Inside and Out
Mar 12, 2018 - 17:13
This option is not offered on the EcoBoost engine, but that engine will now offer an optional active exhaust system for 2019. And for Mustang fans, the party doesn't end here as Ford will be introducing a new Shelby GT500 early next year.

isis-killer-beheading-video-story-top Android Wear rebranding underway it seems, get ready for Wear OS
Mar 12, 2018 - 16:25
The fact that recent Wear devices also work with iOS devices could have played a part in the revamp. Rebranding Android Wear would no doubt help put the focus back on Google's smartwatch platform.