You're probably not familiar with Next Issue, a magazine-reading app that's only available on select Android tablets via manufacturer-specific app stores. The company has a similar business model as Hulu, a joint venture from Conde Nast, Hearst, Meredith, News Corp., and Time Inc. Until now, the app has offered a straightforward magazine subscription and reading app with an equally straightfoward model: subscribe to each magazine you're interested in piecemeal. According to All Things D, the company is going to shake things up by offering a plan that's more Netflix than Hulu: download and read any magazine in its catalog for a flat monthly fee, likely between $10 and $15.
That sounds like a great dream, but apparently there will be plenty of caveats to it: Only 32 magazines will be on offer, subscriptions won't be included if you subscribe to the paper version, and worst of all: it will only be available on Honeycomb and Ice Cream Sandwich tablets at launch. Support for the iPad should launch within a few months, but beyond that there's no word on just how widely we can expect this app to be available. That's a pity, because the business model being proposed here is compelling and we'd like to see it get a bigger audience than what Android 3.2 tablets can offer.