50 million dollar investment in a digital magazine service
The American Next Issue is a Netflix type service which offers unlimited access to 145 magazines for a monthly fee. This start up has now received a 50 million dollar investment from private investors.
Next Issue will use this money for marketing purposes and international growth. Its ambition is to become as big as Spotify is for music and Netflix for video.
The magazine market appears to be considered big as the investors are talking about ´Big Business´.
When the service will come across to Europe hasn´t been decided yet.
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