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Apple to buy ‘Netflix for magazines’ Texture

Apple is to buy the digital magazine service Texture, which lets users read titles for a monthly subscription fee. Via The Guardian.

The “virtual newsstand” gives readers online access to current and back issues of about 200 titles, including Rolling Stone, Vanity Fair, Vogue and Cosmopolitan, for a monthly fee of US$9.99 (£7.19).

“We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users,” said the Apple senior vice-president of internet software and services, Eddy Cue.

The Texture app is available for iPad, iPhone, Android devices and Amazon Fire tablets.

Texture is owned by Next Issue Media, a joint-venture between the publishers Condé Nast, Hearst, Meredith, Rogers Media and private equity firm KKR.

Read the full story on theguardian.com.

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