Apple buys magazine subscription service Texture

Image Credit Apple

Cue highlighted the fact that Apple believes a shift is coming regarding how people get their media content.

Cue says everybody has a responsibility in the world, when asked about Facebook's responsibility to curate media: "We're going to step up and do that".

"The financial part ... isn't the issue", Cue said.

Apple (AAPL) is buying digital magazine subscription company Texture and its parent, Next Issue Media, for terms that weren't disclosed on Monday as the information technology giant touted its commitment to "trusted" news sources.

Known to some as the "Netflix of magazine publishing", Texture now charges a monthly fee of $9.99 in exchange for its digital newsstand. We'll continue to closely monitor this situation and see what they have in store.

Joseph Evans, a Senior Research Analyst at leading United Kingdom tech and media analysis firm Enders Analysis told TMO, "the context of Facebook pulling away makes this an opportune time, I think Twitter is probably trying to do much the same right now".

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Apple reported that it finished 2017 with cash reserves of $285 billion, much of that stashed overseas.

Will They Buy Disney or Netflix? TechCrunch reports that Apple is acquiring the company intact, with all of its employees, which means the $9.99 subscription fee will likely be unchanged as well. Planet of the Apps and Carpool Karaoke both closely mirrored TV formats, and were in a sense used to explore production and distribution of content rather than making hit shows. The company intends to make it easier for consumers to find and watch programming on various channels through push notifications sent to mobile devices.

"That wouldn't cost Apple anything, and it would be a big help to publishers".

"We hope we bring some awesome, great-quality stuff". "We're building what I think is an incredibly talent, capable team". By comparison, the company received fewer unfavorable reviews (47%) when it launched Chat 2.0 in 2016. It's now reportedly developing Steven Spielberg's science fiction series "Amazing Stories", among other series. 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. The team has now expanded to 40 people in the US and internationally.

"We want the best articles", Cue said of the company's plans for Texture.

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