Apple Buys Texture, a ‘Netflix For Magazines’ App
Apple said on Monday it will acquire Texture, a digital magazine app, as the iPhone maker looks to fill the gap left by Facebook’s pullback from news distribution. From a report: The deal is Apple’s latest move to build out its content and services platform, coming just three months after it announced plans to acquire Shazam, the music recognition app, for around $400m. First launched in 2010, Texture has been described as “Netflix for magazines,” as its $10-per-month subscription service provides unlimited access to more than 220 publications including People, the New Yorker, Vanity Fair, National Geographic and Vogue. Further reading: Recode.
Read more of this story at Slashdot.