Next Issue Media is developing a sort of Netflix for tablet magazines, and hopes to launch its platform on Apple iPad this summer. The app would allow users to view all the magazines they’d like, for a flat rate of…
Major Publishers Project $3 Billion in Digital Subscription Revenue by 2014
Next Issue Media, a digital publishing consortium made up of Condé Nast, Hearst, Meredith, News Corp., and Time, has revealed findings from a study on consumer demand for digital newspaper and magazine products. According to the consortium, $3 billion in subscription revenue is expected by 2014.
After accounting for potential cannibalization of some print subscriptions, the industry could realize $1.3 billion in incremental revenue, the consortium says.