Texture (previously known as Next Issue) was a digital magazine app launched in 2012.[1] The service had a monthly subscription fee that gave readers access to over 200 magazines.[2] The service was established by Next Issue Media, a joint-venture between Condé Nast, Hearst Magazines, Meredith Corporation, News Corp, Rogers Media, and Time Inc.[3] Reading apps were available on iOS, Android and Kindle Fire HD.[4] Rogers Communications brought the service to Canada in late 2013.[5] The following year, a French version of the app was launched.[6]
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 | |
| Type of business | Private |
|---|---|
| Founded | 2010 (company) 2012 (app) |
| Headquarters | 1 Apple Park Way, Cupertino, California |
| Area served | United States, Canada |
| Owner | Apple |
| Key people | John Loughlin (CEO) |
| URL | texture texture |
| Commercial | Yes |
| Current status | Discontinued as of May 28, 2019 |
| Native client(s) on | Android, iOS, Kindle Fire HD |
In December 2014, Next Issue Media secured $50 million in financing from KKR.[7]
Next Issue rebranded itself as Texture and relaunched in September 2015.[8][9] That same year, Texture paid out $15 million in subscription revenue to publishers.[10]
On March 12, 2018, Apple announced it had signed an agreement to acquire Texture for an undisclosed sum.[11] In March 2019, Apple announced a new subscription offering within its Apple News application, Apple News+, which offers a similar service. Texture was shut down on May 28, 2019, in favor of Apple News+. Unlike Texture, Apple News+ is available only on Apple iOS and macOS devices.[12][13]
References
edit- ^ Ha, Anthony (30 September 2015). "Netflix-Style Magazine App Next Issue Relaunches As Texture". TechCrunch. Retrieved 24 December 2017.
- ^ "Texture Catalog". Retrieved 24 December 2017.
- ^ "Rogers unveils Netflix-like all-in-one digital magazine subscription service". Financial Post. Retrieved 24 December 2017.
- ^ Mlot, Stephanie (1 October 2015). "Netflix-Like Magazine App Next Issue Is Now 'Texture'". PC Magazine. Retrieved 24 December 2017.
- ^ Bradshaw, James (30 September 2015). "Rogers revamps Next Issue app to cater to digital reading habits". The Globe and Mail. Retrieved 24 December 2017.
- ^ "Rogers brings Next Issue magazine subscription app to Canada". CBC News. 26 September 2013. Retrieved 24 December 2017.
- ^ Jeffrey A. Trachtenberg (2 December 2014). "Digital-Magazine Service Gets KKR Funding". Wall Street Journal. Retrieved 3 May 2018.
- ^ Dana Wollman (30 September 2015). "Next Issue, the Netflix for magazines, reborn with a fresh design and new name". Engadget.com. Retrieved 3 May 2018.
- ^ Peter Kafka (30 September 2015). "Next Issue Media, the 'Hulu for Magazines' Tries a New Name and a New Idea - Make Your Own Magazine". Recode.com. Retrieved 3 May 2018.
- ^ Keith J. Kelly (21 June 2016). "The 'Netflix of magazines' is about to get a lot bigger". The New York Post. Retrieved 3 May 2018.
- ^ Balakrishnan, Anita (2018-03-12). "Apple buys Texture, a digital magazine subscription service". CNBC. Retrieved 2019-08-15.
- ^ "Apple to close Texture on May 28, following launch of Apple News+". TechCrunch. 29 March 2019. Retrieved 2019-08-15.
- ^ Goode, Lauren (2019-03-25). "Apple Launches Apple News+ Paid Subscription Service". Wired. ISSN 1059-1028. Retrieved 2019-03-27.
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