Apple Looking To Acquire Digital Magazine Service Texture


Today, Apple has announced that it is signing an agreement in an attempt to acquire the digital magazine subscription service Texture by Next Issue Media LLC. The service allows users to access their favorite titles for a monthly subscription fee. At this point in time, any financial details of the deal have not been disclosed. Nonetheless, we will keep you guys updated on the scenario. So let's dive in to see some more details on the matter.

Apple To Acquire Digital Magazine Service Texture

The news was revealed by Apple's services chief, Eddy Cue at the SXSW media festival in Austin Texas:

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We're excited Texture will join Apple, along with an impressive catalog of magazines from many of the 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.

At this point, iOS users can download and subscribe to the Texture app in order to access over 200 of the world's most popular magazines. The subscription fee is $6.99 per month, which is offered on an on-going sale.

Users can read magazines on up to five devices in a single subscription. In addition to this, users would also have the ability to download magazines for offline reading.

“I’m thrilled that Next Issue Media, and its award-winning Texture app, are being acquired by Apple,” said John Loughlin, CEO of Next Issue Media / Texture. “The Texture team and its current owners, Condé 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.”

If you're interested in trying it out, you should know that some of the magazines part of the Texture app include National Geographic, GQ, People, Vogue, Wired, Sports Illustrated, Men's Health and a lot more.  So be sure to check it out. We will update you guys on the acquisition as soon as we hear it.

This is all for now, folks. What are your thoughts on Apple acquiring Digital Magazine Service Texture? Share your views with us in the comment.

News Source: Apple