Apple acquires digital magazine subscription service Texture from US publishers and investors

Apple is to acquire Texture, the US digital magazine subscription service by Next Issue Media, which gives users unlimited access to their favourite titles for one monthly subscription fee.

Texture gives users access to over 200 of the world’s magazines.

“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.”