Apple’s ambitions for Texture, the “Netflix of magazines” app that it acquired final month, are slowly coming into the sunshine. In keeping with a Bloomberg report, Apple plans on integrating the Texture journal app into Apple Information and debuting its personal “premium subscription” inside the subsequent yr. These plans are designed to assist Apple enhance its companies enterprise to fulfill income objectives the corporate has set for itself over the subsequent few years.
Texture gave customers the chance to subscribe to over 200 magazines for a $9.99 month-to-month charge. Apple might take the identical method because it’s seeking to enable customers to subscribe to its personal premium information subscription service from inside an upgraded Apple Information app. This method would set it aside from Apple’s earlier Newsstand app, which gave customers entry to journal subscriptions on a person foundation.
The information of this forthcoming subscription service comes after Apple minimize 20 folks from the Texture workforce after the acquisition. Texture beforehand had about 100 workers members.
If Apple goes via with these plans, it could be treating information equally to the way it handled music across the creation of Apple Music. The corporate purchased Beats Music in 2014, shortly earlier than debuting Apple Music with its $9.99-per-month paid tier. Beats Music, with its fewer than a million subscribers, shut down not lengthy after Apple Music got here out. Now, Apple Music boasts greater than 40 million subscribers.
Apple will reportedly share a portion of the income from the brand new service with accomplice organizations. The information subscription service would fall into Apple’s companies enterprise, which has been an ever-growing a part of the corporate’s profile over the previous few years. Apple Music, iCloud, and App Retailer revenues rose to $30 billion within the 2017 fiscal yr, and the corporate would really like that to be about $50 billion by 2021.
Apple will probably rigorously curate the accomplice organizations for its information service. The corporate’s SVP Eddy Cue spoke about quite a few subjects at SXSW final month, together with the present Apple Information app. “We wish the perfect articles, we would like them to look superb, and we would like them to be from trusted sources… so we do not have a whole lot of the problems going round,” Cue mentioned, probably alluding to the problems that Fb and Google have needed to cope with surrounding unverified information tales populating customers’ feeds.
At the moment, there aren’t any particulars about which information organizations Apple would accomplice with for the subscription service. Nonetheless, it is probably that the corporate will use its present Apple Information relationships to its benefit, in addition to those who Texture introduced into the combo (titles out there on Texture included Folks, Rolling Stone, Nationwide Geographic, Sports activities Illustrated, and others). Pricing can also be a thriller proper now, however its doable that Apple takes the identical method as Texture did (and that Apple Music at the moment takes), charging $9.99 monthly for entry to the whole thing of partnering information sources.
Disclaimer: Ars Technica is owned by Condé Nast, which was a partial proprietor of Texture previous to the acquisition.