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Apple Buys Texture, the 'Netflix of Magazines'

Apple Buys Texture, the 'Netflix of Magazines' Texture allows users to read articles from over 200 different magazine titles. The amount of money Apple paid was not reported. Texture was owned by Next Issue Media, which had raised $50 million from investors like BuzzFeed, Vox Media, and Imgur, according to financial tracking service Pitchbook. Texture offers a $9.99 monthly fee to read an unlimited number of articles from magazines like Vanity Fair, Esquire, National Geographic, Sunset, and Fortune. Apple already boasts a free news and magazine reader called Apple News,

Source: Inform News

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