Apple Buys the Netflix of Magazines ‘Texture’

I’m a Texture user and while a few more magazines would be a nice addition they have a great catalog already.  I recommend Texture to just about anyone who is interested in reading magazines or articles from The Atlantic,  The New Yorker, Entertainment Weekly, In Touch, OK!, Hollywood Reporter, and so on…

“We’re excited Texture will join Apple, along with an impressive catalog of magazines from many of the world’s leading publishers.” Apple Senior Vice President, Internet Software and Services Eddy Cue said at the SXSW conference. “We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”

Once called Next Issue, the digital subscription service is far cheaper than any individual magazine subscription, and moves the reading to an iPad or iPhone.

“I’m thrilled that Next Issue Media, and its award-winning Texture app, are being acquired by Apple,” said Texture CEO John Loughlin. “The Texture team and its current owners, Conde Nast, Hearst, Meredith, Rogers Media and KKR, could not be more pleased or excited with this development. We could not imagine a better home or future for the service.”

The Texture app is free, with two tiers of subscription. A $9.99 per month tier gives a choice from over 200 monthly titles, with a $14.99 giving you the monthly titles, plus some weekly ones, like People, Entertainment Weekly, Time and others.

The terms of the deal, or Apple’s intentions for the service are not yet known.

AppleInsider is at the SXSW event, and will be attending Cue’s talk on “Curation in Media – Why it Matters.”

Source: AppleInsider


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