Tech Giant Apple To Acquire Digital Magazine Subscription Service Texture
Tech giant Apple on Tuesday announced that it has signed an agreement to acquire Texture, the digital magazine subscription service by Next Issue Media LLC.Texture gives users unlimited access to their favorite magazine titles for one monthly subscription fee.
The unique thing about Texture’s business model is that it brings over 200 of the world’s best magazines to life, providing an easy way for users to read high-quality stories and entire issues of their favorite titles.With Texture, users enjoy the magazines they know and love, while discovering new content that fits their passions and interests.
“We’re excited Texture will join Apple, along with an impressive catalog of magazines from many of the world’s leading publishers,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services.
“We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”
“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,” he added.
Texture has become the leading multi-title subscription service giving users the ability to instantly access some of the most widely read magazines while on the go, since its launch in 2010.
