Getting Bitmap from WebView generates OutOfMemory crash

I have a custom WebView and I want to get a bitmap of its content (offscreen included). I used this code, which I got from here:

 public static Bitmap getBitmapFromWebviewV2(WebView webView) {
    webView.measure(View.MeasureSpec.makeMeasureSpec(
        View.MeasureSpec.UNSPECIFIED, View.MeasureSpec.UNSPECIFIED),
        View.MeasureSpec.makeMeasureSpec(0, View.MeasureSpec.UNSPECIFIED));
    webView.layout(0, 0, webView.getMeasuredWidth(),
            webView.getMeasuredHeight());
    webView.setDrawingCacheEnabled(true);
    webView.buildDrawingCache();
    Bitmap bm = Bitmap.createBitmap(webView.getMeasuredWidth(),
            webView.getMeasuredHeight(), Bitmap.Config.ARGB_8888);

    Canvas bigcanvas = new Canvas(bm);
    Paint paint = new Paint();
    int iHeight = bm.getHeight();
    bigcanvas.drawBitmap(bm, 0, iHeight, paint);
    webView.draw(bigcanvas);
    return bm;
}

It works fine up to the point when I zoom in a lot, in which case I get OutOfMemory Crash. I tested this with the same picture (slightly zoomed and zoomed to the max) and it behaves in the same way I mentioned above.

I tried to counter this by adding

while(webView.canZoomOut()){
      webView.zoomOut();
}

at the start, but it doesn't help at all.