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Apple spending at least $485 million on Texture for News+, report says

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Following the launch of Apple News+, Apple confirmed last month that it would shut down Texture at the end of May. Apple originally acquired Texture in March of 2018, using it as the basis for what would become Apple News+.

Now, a new report from the New York Post offers more information on the details of Apple’s Texture acquisition.


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Apple Texture iOS app

Texture app for iOS updated as Apple News subscription service looms

Apple acquired Texture last year but it has not pulled the Texture app from the iOS or Android app stores. In fact, the company released a miscellaneous app update this morning ahead of the expected March 25 event where Apple will announce its Apple News subscription service, essentially incorporating a (rebranded) Texture service into the News app.


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Report: Apple looking to launch news subscription service as soon as the spring, publishers wary to sign up

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As reported by Bloomberg, Apple is set to relaunch its Texture acquisition as a paid news and magazine subscription service, likely built into the Apple News app, as soon as spring 2019.

Just like Apple Music, subscribers would pay a single monthly fee to Apple to unlock access to the library. However, the report notes that publishers are concerned that revenues from the Apple service may not be able to match what they could get on their own, in addition to ceding customer control to Apple.


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Bad news Windows: Apple shutting down acquired Texture magazine app next month

Two bits of news on Texture, the digital magazine service Apple bought in March: Texture apparently had a Windows app (not just iOS and Android apps), and that app is getting killed next month. The Verge reports that customers were notified over email and within the Windows app. Texture has also shared the news on its website:


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Report: Apple to launch premium magazine and news subscription service within a year

According to a new report from Bloomberg, Apple will utilize its acquisition of Texture to launch its own paid subscription service, incorporating magazines from a variety of publishers.

The new service would be exposed to customers through an upgraded Apple News app, mirroring Apple’s integration of its $9.99 Apple Music subscription inside the Music app.


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Apple buying digital magazine service Texture, likely boost to subscription services revenue

[Update: Keep up with our live coverage of Eddy Cue’s SXSW talk right here.]

Apple has today confirmed that it is taking a major step into the digital magazine business. Apple’s Eddy Cue shared in a statement that the company would be purchasing Texture, a digital magazine distributor which could enhance Apple’s News app and more.


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