Texture (previously known as Next Issue) is a digital magazine app launched in 2012. The service has a monthly subscription fee that gives readers access to over 200 magazines. A second paid tier is also available with access to weekly magazines. 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.. Reading apps are available on iOS, Android and Windows. Rogers Communications brought the service to Canada in late 2013. The following year, a French version of the app was launched.
In December 2014, Next Issue Media, which The Wall Street Journal described as a Netflix-like subscription service for magazines, secured $50 million in financing from Kohlberg Kravis Roberts.
Next Issue rebranded itself as Texture and relaunched in September 2015. That same year, Texture paid out $15 million in subscription revenue to publishers.
On March 12, 2018, Apple Inc. announced it had signed an agreement to acquire Texture for an undisclosed sum.
Video Texture (app)
References
Source of article : Wikipedia
0 Comments