Monday, 15 October, 2018

Apple to buy 'Netflix for magazines' Texture

Texture  Apple Texture Apple
Judith Alexander | 13 March, 2018, 11:21

Speaking out about the pending acquisition, Apple's senior vice president of Internet Software and Services, Eddy Cue said...

"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", said Next Issue Media John Loughlin said in a statement.

The reason Texture is known as the "Netflix of magazines" is due to its business model. It's not clear how large Texture's subscriber base now is, but CEO John Loughlin told the New York Post in 2016 that the service had "hundreds of thousands" of paying subscribers.

"We don't try to sell the most smartphones or tablets in the world - we try to make the best one", Cue said. While the Texture app will likely remain the way it is into the near future, Apple does have a track record of scaling back and then discontinuing acquisitions after they've integrated the technology into their own service.

Customers view an Apple Inc. iPad Pro tablet at the company's Williamsburg store in the Brooklyn borough of NY.

More news: Jonny Bairstow blasts England to ODI series triumph in New Zealand
More news: Warren: 'I'm not running for president'
More news: Gauri Lankesh murder: SIT makes first arrest

Apple said it was "committed to quality journalism from trusted sources". It debuted in 2012 on the digital front as Next Issue Media, and it was essentially thought of as a Netflix for magazine readers.

The $9.99 a month service provides downloads of marque titles like like Time, Esquire, People, Fortune, Elle, Vanity Fair, GQ and The New Yorker.

Apple made its first big push to integrate magazines and newspapers into its devices with an application called Newsstand in 2011. In a bid to add more credibility to trusted sources, Apple announced that they are buying Texture, a digital newsstand company.

Apple already runs a music-streaming subscription service and has been commissioning new television content, leading to speculation that it might launch a rival to Netflix.

We'll let you know when video of the interview is available for viewing.

Recommended

Conor Murray thinks Ireland need to reach "another level" to beat England Conor Murray thinks Ireland need to reach He's a guy that asks you to pay attention to everything you do and make sure you're fully prepared for the game. Today we just wanted to go out there and show that we can defend how we want to.

DeVos shares data that 60 Minutes 'didn't show you' DeVos shares data that 60 Minutes 'didn't show you' On " 60 Minutes ", DeVos , whom Trump has chosen to lead his new school safety commission, appeared to signal she's on board. How are public schools doing in MI ? The U.S.

Motor City Madness; MSU begins NCAA tourney in Detroit Friday Motor City Madness; MSU begins NCAA tourney in Detroit Friday The Spartans also have a 14-0 record when All-Big Ten sophomore point guard Cassius Winston scores 13 or more points this year . Along the way, we learned that the Big Ten Tournament champion Michigan Wolverines were pegged as a 3-seed in the West Region.

Serena Williams, Venus Williams to meet in third round at Indian Wells Serena Williams, Venus Williams to meet in third round at Indian Wells Serena showed that there's still a little rust that she needs to shake off, making more unforced errors than she usually commits. Serena said she is trying not to look too far into the season. "Just have to go out there and see how I am and do my best ".

Trump blocks Broadcom's $117 billion Qualcomm bid citing national security concerns Trump blocks Broadcom's $117 billion Qualcomm bid citing national security concerns Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of QUALCOMM during the 2nd quarter valued at $141,000. A broadening of the committee's mandate will raise protective barriers by expanding its authority to reject Chinese investments.

Meghan Markle and the queen step out together in royal first Meghan Markle and the queen step out together in royal first The front row was reserved for the more senior royals: the Prince of Wales and Duchess of Cornwall and... On Monday, Meghan Markle joined Queen Elizabeth for her first official event with the Queen .

Severed leg used as pillow at hospital Severed leg used as pillow at hospital These incidents reveal poor health care services of the state and how much responsible the doctors are. Twenty-five schoolchildren were also injured in the accident in Ghanshyam, India, it was reported.

Narayan Rane gets BJP support for Rajya Sabha polls from Maharashtra Narayan Rane gets BJP support for Rajya Sabha polls from Maharashtra Other candidates include Dhiraj Prasad Sahu (Jharkhand), Rajmani Patel (Madhya Pradesh) and Porika Balram Naik (Telangana). Union Human Resource Development Minister and BJP leader Prakash Javadekar filed his nomination papers yesterday.

Turkish private jet crashes in Iran; all 11 aboard killed Turkish private jet crashes in Iran; all 11 aboard killed Turkish media say that the plane is owned by a major Turkish corporate group which is active in construction and other fields. A private company that handles public relations for the Sharjah airfield declined to immediately comment.

A first round exit for Clemson? Charles Barkley thinks so A first round exit for Clemson? Charles Barkley thinks so The Cougars beat Northeastern 83-76 in overtime in the CAA tournament championship game at North Charleston Coliseum on Tuesday. Steve Taylor Family Auditorium, savoring the Tigers' return to the NCAA Tournament for the first time since 2003.

China says trade war with United States will hurt global economy China says trade war with United States  will hurt global economy China does not want to enter in a war with the US , as it would have devastating consequences for world's economy. Part of the reason for the trade gap, Zhong said, was that the U.S. had restricted hi-tech exports to China.

Vols Get No. 3 Seed in NCAA Tournament, Will Open In Dallas Vols Get No. 3 Seed in NCAA Tournament, Will Open In Dallas All-SEC wing Admiral Schofield led the Vols (25-8) with 22 points and 10 rebounds for his third double-double of the season. Tennessee led by seven points at halftime, but MSU scored the first four points of the second half.

Farmers to protest outside Maharashtra Assembly on Monday Farmers to protest outside Maharashtra Assembly on Monday The BJP-led government had also rolled out a loan-waiver package costing Rs 34,200-crore to the exchequer. Ajit Nawale is just another farmer.

Patriots Acquire Danny Shelton In Trade With Browns Patriots Acquire Danny Shelton In Trade With Browns The big-bodied defensive tackle should immediately step in and contribute to a run defense that struggled at times last season. And New England's defense was gashed for 164 yards on the ground in the Super Bowl LII loss to the Philadelphia Eagles.

Ramos leaves Real Madrid match to go to the toilet Ramos leaves Real Madrid match to go to the toilet First Ramos saw his 42nd-minute header fly wide before Dmitrovic made a superb save to tip Ronaldo's deflected shot over his goal. Lucas Vazquez and Karim Benzema replaced Isco and Toni Kroos as Zidane looked to raise the tempo and find a second goal.