Next Issue Media LLC Type of business Private Founded 2010 (company) 2012 (app) Headquarters 1 Apple Park Way , Cupertino , California Area served United States , Canada Owner Apple Inc. Key people John Loughlin (CEO) URL texture.com (US)texture.ca (CA)Commercial Yes Current status Discontinued 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 Kohlberg Kravis Roberts .[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 Inc. 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 [ ]
^ 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" . The 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 . 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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