updated 09:47 pm EDT, Thu September 27, 2012
Will announce growth plans and diversify in November annual report
Future Publishing, a UK-owned company that offers a wide range of technology and sports-oriented titles, and was one of the first companies to get behind Apple's Newsstand in a big way, has announced strong earnings in its digital magazine sales. In just under a year, the company's 65 digital titles have generated over $8 million in sales, with over 12 million "container app" downloads and five million subscribers. Late last year, the company announced that digital sales had made up for declines in print sales for the first time.
In addition to strong sales of titles such as PC Gamer and T3 and lifestyle mags such as Pro Cycling, SFX and Guitarist, Future hopes to begin licensing its own interactive tablet magazine software, called FutureFolio. In addition to direct sales from Newsstand, the company also makes its titles available through reader applications such as Zinio. In its November end-of-year statement, the company is likely to announce final sales figures, its plans for growth and expansion of digital editions of its magazines in new countries, reports PaidContent.
Though Future has a number of US titles, including Mac magazine MacLife, the company offers the bulk of its titles through UK outlets, though import copies are widely distributed in the US, Australia and elsewhere. Camera, movie buffs and digital creatives are likely to best know the company through magazines such as Practical Photoshop, Digital Camera, Computer Arts and Total Film among others. [via PaidContent]