» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

Skip Navigation LinksHome >
VOL. 133 | NO. 52 | Tuesday, March 13, 2018

Apple Adds More 'Texture' to its Services With Magazine Deal

The Associated Press

Print | Front Page | Email this story | Comments ()

SAN FRANCISCO (AP) – Apple has bought digital magazine distributor Texture to extend its subscription services beyond music and online storage.

The deal announced Monday puts Apple in control of a service that is frequently described as a Netflix of magazines. Texture offers readers access to articles in more than 200 magazines for $10 per month, much like Netflix sells unlimited access to its video programming.

But Texture hasn't proven as popular as Netflix, which boasts 55 million subscribers in the U.S. alone. Texture hasn't specified how many subscribers it has, but CEO John Loughlin said the number ranged in the "hundreds of thousands" during a 2016 interview .

Apple didn't disclose how much it paid for Texture. The magazine distributor had been owned by investors that included Condé Nast, Hearst, Meredith and Rogers Media.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
FORECLOSURE NOTICES 4 48 2,693
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426
BUSINESS LICENSES 24 139 5,848
UTILITY CONNECTIONS 26 116 6,830
MARRIAGE LICENSES 26 133 4,049