Apple buys 'Texture' Magazine Subscription App

Eddy CueKTLA

Moments after Apple announced the deal, Eddy Cue, Apple's senior vice president for internet software and services, said Apple News was introduced with the goal of bringing great content in a attractive layout from trusted sources, and Apple plans to integrate Texture content into Apple News, according to Apple news website 9to5mac.

When asked if the app is cannibalizing existing magazine subscribers, Loughlin said the service is expanding the publishing market, with only about 20 percent of Texture's subscribers dropping print in favor of the digital service. The tech giant does not reveal other information about the acquisition. Apple is acquiring the full company, including employees, and the deal is expected to close very soon.

The Senior VP of Internet Software and Services shrugged off the question: Cue said that Disney and Netflix were "good partners" but that if you look at the "general history of Apple, we never make huge acquisitions". However, Texture is available on Android and iOS platform.

Apple announced on Monday it is buying digital magazine subscription service Texture, adding to the side of its business aimed at making money from online content or services.

The Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo June 26, 2014.

More news: Kwiatkowski wins Tirreno-Adriatico (2)

The iPhone maker did not disclose financial terms of the deal to buy Texture from its owners - publishers Conde Nast, Hearst, Meredith, Rogers Media and global investment firm KKR. "We could not imagine a better home or future for the service". Like Apple, Texture is owned by many big publishers such as Nast and Hearst.

Texture, formerly known as Next Issue, was founded in 2009.

This is not the first time that Apple has made an acquisition in magazine publishing.

Previously, Apple had a Newsstand app of its own, but the service never took off, and Apple chose to just terminate the service.

One reason that this is different is that it will essentially bring lots of magazines into a single format rather than offering a marketplace of essentially different magazine and newspaper apps, which seems to have been one of the pain points of the original Newsstand from the perspective of users and publisher developers.

Related News:



Most liked

Trump's pick to lead Central Intelligence Agency to face questions about torture
He suggested for Trump to fire other cabinet members like Education Secretary Betsy DeVos for her painful 60 Minutes interview. Tillerson never denied using the word. "We pray for the best for Secretary Tillerson in all his future endeavours".

Jeff Goldblum is back in Frontier's Jurassic World Evolution
Jurassic World Evolution will feature an all-new story that will mention key characters and events from the Jurassic World series. Goldblum is also reprising his role of Malcolm for Jurassic World: Fallen Kingdom , which releases in movie theaters on June 22.

Erdogan hopes Afrin to be captured by Wednesday evening
It's a major issue of conflict for Turkey and the US that is expected to be discussed between the two countries later this month. Damascus has dubbed the Turkish campaign as "aggression", however, refrained from sending armed forces to the area.

Blaze pizzas for $3.14 for National Pi Day on Wednesday
Coco's Bakery Restaurant: Members of Coco's email club can get a coupon for a $3.14 slice of pie, according to representatives. Locations not participating in Pi Day are Disney Springs, Houston Airport, UCLA, Staples Center, and George Mason University.

Trump tells people he is selecting Larry Kudlow to replace Gary Cohn
Liddell, like the former Goldman Sachs executive Cohn, has a background in crunching numbers and dealing with Wall Street. Cohn played a central role in helping Trump enact a sweeping tax overhaul law, coordinating with members of Congress.

Haseeb Drabu's PDP Leader exit will not affect allianve in govt: BJP
When contacted Syed Altaf Bukari confirmed to that he has entrusted with additional responsibility of Finance Department . While I understand and accept the decision of the party, to take to the media before talking to me was painful.

Former S.Korean president Lee appears for questioning over graft charges
The ex-president rose to political power after a successful career as chief executive of Hyundai Engineering & Construction Co. Before he entered the prosecutors' office, Lee announced to reporters that he is in a "position of awful discomfort today".

Federal appeals court's ruling upholds most of Texas' "sanctuary cities" law
Attorney General Ken Paxton , who had defended the law in court, said he was pleased with the ruling . Unsafe criminals shouldn't be allowed back into our communities to possibly commit more crimes".

Ravens to release Danny Woodhead
For the first time since he was limited to just three games in 2014-15 did Woodhead fail to find the end zone in a season. He had 56 yards on 14 carries and 33 receptions for 200 yards in eight appearances during the 2017 season.

Halep topples Wang to reach Indian Wells quarter-finals
The 25-year-old Czech Pliskova blasted four aces and broke Anisimova's serve three times in the one hour, 32 minute match. To reinforce their hopes, Venus has to beat Carla Suarez Navarro or wildcard Danielle Collins in the quarterfinals.

Arsenal legend Nicholas confident Wenger will announce departure this Friday
The north London club are without a league title since 2004 and fans have lost patience with Wenger's failure to build a new powerhouse.

'The Flash' Star Candice Patton On Iris' New Powers & Costume
Meanwhile, Iris is reimagined as a purple-clad speedster who's battling fires and saving lives all over town. She also to kind of fangirled out in the most adorably awkward way.

Main concern about new tariffs: Trade war
And there is now a race for the rest of the world to catch the exemption train, before it leaves the station in two weeks' time. Other world leaders expressed hope that deals would be made with the Trump administration to avoid tit-for-tat tariffs.

Devil May Cry Coming To Monster Hunter
Although it can not turn into a shield like most Charge Blade weapons, players will still be able to guard using it. Capcom said to "stay tuned" for more information regarding the content and when it will be made available.

Philippines' Duterte to issue notice of withdrawal from ICC
He added: "However, President Duterte won't save himself from ICC investigation by withdrawing the Philippines as a State Party to the Rome Statute".