Apple Buys The ‘Netflix For Magazines’

Apple Buys The ‘Netflix For Magazines’

Tech giant Apple has signed an agreement to acquire a digital magazine subscription service which gives users unlimited access to their favourite titles for a monthly fee.

Texture, which launched in 2010 and is operated by Next Issue Media (which is owned by a group of publishers including News Corp), is dubbed as the ‘Netflix for magazines’, offering users over 200 different titles to peruse for $US9.99 per month.

Eddy Cue, senior vice president of internet software and services at Apple, said: “We’re excited Texture will join Apple, along with an impressive catalogue 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.”

John Loughlin, CEO of Next Issue Media and Texture, said: “I’m thrilled that Next Issue Media and its award-winning Texture app are being acquired by Apple.

“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.”

 




Please login with linkedin to comment

Apple magazines Next Issue Media Texture

Latest News

The Mars Agency Announces Latest Findings Of Retail Media Report Card
  • Advertising

The Mars Agency Announces Latest Findings Of Retail Media Report Card

The Mars Agency has developed a scorecard that assesses the capabilities of leading platforms across key criteria required to optimally plan, execute, and measure effective retail media programs. The scorecard aims To help brands efficiently evaluate their spending options across retail media networks in Australia (and New Zealand). With spending on retail media advertising in […]

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick
  • TV Ratings

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick

A heated argument between two jungle members did the numbers for Ten last night, with I’m A Celeb obtaining a total national reach of 1,282,000. Fans were delighted as Candice Warner and influencer Skye Wheatley got into it over a stick of lipstick, leading Warner to dub the Instagram star “selfish.” Wheatley, best known for […]