Apple is buying Texture, the magazine subscription service that gives users unlimited access to selected titles for one monthly subscription fee.
The acquisition is Apple’s biggest move in the digital reading sector since the launch of its iBooks service in 2010.
“We’re excited Texture will join Apple, along with an impressive catalog of magazines from many of the world’s leading publishers,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services in a brief statement.
“We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”
John Loughlin, CEO of Next Issue Media / Texture, said: “I’m thrilled that Next Issue Media, and its award-winning Texture app, are being acquired by Apple.”
“The Texture team and its current owners, Condé Nast, Hearst, Meredith, Rogers Media and KKR, could not be more pleased or excited with this development.
“We could not imagine a better home or future for the service.”