Apple acquires magazine subscription app Texture


By purchasing Texture, Apple now has a magazine subscription service to accompany its Apple Music online streaming service as it continues to invest in software subscription offerings to augment its core business of selling iPhones and Mac computers.

We're on the ground at SXSW 2018 in Austin, Texas where Apple's Eddy Cue is about to take the stage to discuss media curation with CNN's Dylan Byers. It's about finding the right ones.

Apple announced today that it signed an agreement to acquire the digital magazine service Texture, which serves articles from more than 200 magazines digitally on iOS, Windows, Amazon, and Android devices for a flat monthly fee.

Apple did not disclose the financial terms of the deal and declined to comment on details of the transaction. Newsstand was the spiritual predecessor for Apple News, which was released in 2015.

"We do think free speech is important", said Cue. "Generally, in the history of Apple, we haven't made huge acquisitions", Cue said. "We want that serendipity". The Motley Fool has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple.

It might seem hard to believe, but Apple has enough cash on hand to buy major companies like Disney or Netflix outright.

For now, Apple will remain focused on distributing other companies' TV apps and content, such as ESPN and other sports channels, he said. According to 9to5Mac, Cue teased that Apple will have "a technology angle that will be a "surprise" to its service".

"We hope we bring some unbelievable, great-quality stuff".

"We like doing what we think we know how to do and what we can be great at", he said. Planned titles include Steven Spielberg's "Amazing Stories", and a show based on the life of star basketball player Kevin Durant. Seeing an opportunity to move further into original production, Cue hired Sony TV veterans Zack Van Amburg and Jamie Erlicht to lead worldwide video for the company.