Apple announced today that it is acquiring Texture, a digital magazine service that lets users subscribe to more than 200 magazines for $9.99 a month.
“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.”
Apple typically doesn’t formally announce acquisitions of smaller companies, but Cue is speaking at the South by Southwest conference this week in Austin, Texas.
“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.”
Texture’s magazine catalog includes Entertainment Weekly, Billboard, Vanity Fair, and Vogue. New issues are available alongside a searchable archive of thousands of past issues.
The app is currently run by Next Issue Media, owned by a group of publishers and other companies including Hearst Corp., Meredith Corp., News Corp., Rogers Communications Inc. In 2014, private-equity firm KKR invested $50 million in the company.
iPad and iPhone users can download the Texture app for free from the App Store and take advantage of a free seven-day trial. Apple confirmed the app will remain available on other platforms, including Android, Kindle Fire, and Windows 10.
Updated: February 5, 2018
Requirements: iOS 9.0 +
Developer: Next Issue Media
Contains Ads: No
In-app Purchases: Yes