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Texture (app)

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.[12][13]

References

  1. Anthony Ha. Netflix-Style Magazine App Next Issue Relaunches As Texture TechCrunch, 30 September 2015, 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. Stephanie Mlot. Netflix-Like Magazine App Next Issue Is Now 'Texture' PC Magazine, 1 October 2015, retrieved 24 December 2017^
  5. James Bradshaw. Rogers revamps Next Issue app to cater to digital reading habits The Globe and Mail, 30 September 2015, 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. Digital-Magazine Service Gets KKR Funding Wall Street Journal, 2 December 2014, retrieved 3 May 2018^
  8. Dana Wollman. Next Issue, the Netflix for magazines, reborn with a fresh design and new name Engadget.com, 30 September 2015, retrieved 3 May 2018^
  9. Peter Kafka. Next Issue Media, the 'Hulu for Magazines' Tries a New Name and a New Idea - Make Your Own Magazine Recode.com, 30 September 2015, retrieved 3 May 2018^
  10. Keith J. Kelly. The 'Netflix of magazines' is about to get a lot bigger New York Post, 21 June 2016, retrieved 3 May 2018^
  11. Anita Balakrishnan. Apple buys Texture, a digital magazine subscription service CNBC, 2018-03-12, 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. Lauren Goode. Apple Launches Apple News+ Paid Subscription Service Wired, 2019-03-25, retrieved 2019-03-27^