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Texture (app)

From Wikipedia, the free encyclopedia
Digital magazine app
Next Issue Media LLC
Type of businessPrivate
Founded2010 (company)
2012 (app)
Headquarters1 Apple Park Way,Cupertino,California
Area servedUnited States,Canada
OwnerApple
Key peopleJohn Loughlin (CEO)
URLtexture.com (US)
texture.ca (CA)
CommercialYes
Current statusDiscontinued as of May 28, 2019 (2019-05-28)
Native client(s) onAndroid,iOS,Kindle Fire HD

Texture (previously known asNext Issue) was a digital magazine app launched in 2012.[1] The service had amonthly subscription fee that gave readers access to over 200 magazines.[2] The service was established by Next Issue Media, ajoint-venture betweenCondé Nast,Hearst Magazines,Meredith Corporation,News Corp,Rogers Media, andTime Inc.[3] Reading apps were available oniOS,Android andKindle Fire HD.[4]Rogers Communications brought the service toCanada in late 2013.[5] The following year, aFrench version of the app was launched.[6]

In December 2014, Next Issue Media secured $50 million in financing fromKKR.[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 itsApple 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 AppleiOS andmacOS devices.[12][13]

References

[edit]
  1. ^Ha, Anthony (30 September 2015)."Netflix-Style Magazine App Next Issue Relaunches As Texture".TechCrunch. Retrieved24 December 2017.
  2. ^"Texture Catalog". Retrieved24 December 2017.
  3. ^"Rogers unveils Netflix-like all-in-one digital magazine subscription service".Financial Post. Retrieved24 December 2017.
  4. ^Mlot, Stephanie (1 October 2015)."Netflix-Like Magazine App Next Issue Is Now 'Texture'".PC Magazine. Retrieved24 December 2017.
  5. ^Bradshaw, James (30 September 2015)."Rogers revamps Next Issue app to cater to digital reading habits".The Globe and Mail. Retrieved24 December 2017.
  6. ^"Rogers brings Next Issue magazine subscription app to Canada".CBC News. 26 September 2013. Retrieved24 December 2017.
  7. ^Jeffrey A. Trachtenberg (2 December 2014)."Digital-Magazine Service Gets KKR Funding".Wall Street Journal. Retrieved3 May 2018.
  8. ^Dana Wollman (30 September 2015)."Next Issue, the Netflix for magazines, reborn with a fresh design and new name". Engadget.com. Retrieved3 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. Retrieved3 May 2018.
  10. ^Keith J. Kelly (21 June 2016)."The 'Netflix of magazines' is about to get a lot bigger".The New York Post. Retrieved3 May 2018.
  11. ^Balakrishnan, Anita (2018-03-12)."Apple buys Texture, a digital magazine subscription service".CNBC. Retrieved2019-08-15.
  12. ^"Apple to close Texture on May 28, following launch of Apple News+".TechCrunch. 29 March 2019. Retrieved2019-08-15.
  13. ^Goode, Lauren (2019-03-25)."Apple Launches Apple News+ Paid Subscription Service".Wired.ISSN 1059-1028. Retrieved2019-03-27.
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