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Next Issue Media LLC
Type of businessPrivate
Founded2010 (company)
2012 (app)
Headquarters 1 Apple Park Way, Cupertino, California
Area served United States, Canada
Owner Apple
Key peopleJohn Loughlin (CEO)
URL texture.com (US)
texture.ca (CA)
CommercialYes
Current statusDiscontinued as of May 28, 2019 (2019-05-28)
Native client(s) on Android, iOS, Kindle Fire HD

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]

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, no longer supporting Android. [12] [13]

References

  1. ^ Ha, Anthony (30 September 2015). "Netflix-Style Magazine App Next Issue Relaunches As Texture". TechCrunch. Retrieved 24 December 2017.
  2. ^ "Texture Catalog". Retrieved 24 December 2017.
  3. ^ "Rogers unveils Netflix-like all-in-one digital magazine subscription service". Financial Post. Retrieved 24 December 2017.
  4. ^ Mlot, Stephanie (1 October 2015). "Netflix-Like Magazine App Next Issue Is Now 'Texture'". PC Magazine. Retrieved 24 December 2017.
  5. ^ Bradshaw, James (30 September 2015). "Rogers revamps Next Issue app to cater to digital reading habits". The Globe and Mail. Retrieved 24 December 2017.
  6. ^ "Rogers brings Next Issue magazine subscription app to Canada". CBC News. 26 September 2013. Retrieved 24 December 2017.
  7. ^ Jeffrey A. Trachtenberg (2 December 2014). "Digital-Magazine Service Gets KKR Funding". Wall Street Journal. Retrieved 3 May 2018.
  8. ^ 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.
  9. ^ 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.
  10. ^ 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.
  11. ^ Balakrishnan, Anita (2018-03-12). "Apple buys Texture, a digital magazine subscription service". CNBC. Retrieved 2019-08-15.
  12. ^ "Apple to close Texture on May 28, following launch of Apple News+". TechCrunch. 29 March 2019. Retrieved 2019-08-15.
  13. ^ Goode, Lauren (2019-03-25). "Apple Launches Apple News+ Paid Subscription Service". Wired. ISSN  1059-1028. Retrieved 2019-03-27.


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