After Texture Acquisition, Apple's Prepping News Subscription Service
A new premium Apple news subscription service could launch in the next year, according to Bloomberg.
Integrating the current Apple News app and recently acquired Texture service, the new Apple news subscription service would give magazine publishers a slice of the revenue.
As Bloomberg explains:
A new, simplified subscription service covering multiple publications could spur Apple News usage and generate new revenue in a similar manner to the $9.99 per month Apple Music offering. That streaming service was also built through an acquisition: Apple bought Beats Music and the Beats audio device business in 2014 for $3 billion. At the time, Beats Music had fewer than a million subscribers, and Apple has turned that into more than 40 million paying users.
First introduced as Next Issue in 2010, Texture offers subscriptions to over 200 magazines for one monthly price. It’s available on multiple platforms, including iOS, Android, and Amazon.
Apple announced plans to purchase Texture last month. Since then, we’ve been waiting to hear about Apple’s plans for the popular service. An Apple news subscription service makes sense, no?
