#Wattpad english series#
#Wattpad english tv#

Along with sponsored brand partnerships, and TV, film, and book adaptations, Wattpad Paid Stories are just one of a growing number of paths for Wattpad writers to earn money from their work. The company recently celebrated a key milestone: since launching in 2019, writers in Wattpad’s Paid Stories program have earned more than a million dollars.

Wattpad’s creator-first approach to nurturing and supporting reading and writing communities has helped authors around the world build a global audience and make money on the platform. With a global community of 94 million people-including five million writers-who have written more than one billion uploads on the platform, Wattpad is a global leader in social storytelling and entertainment. Wattpad’s core app will continue to operate independently, while exploring new ways to collaborate with WEBTOON and other Naver brands.

#Wattpad english tv#

The acquisition strengthens Naver’s leadership in social storytelling and entertainment, adding Wattpad’s expertise in machine learning, IP discovery, and data-backed TV and film development to Naver’s world-class roster of entertainment and content brands like WEBTOON. Wattpad will grow its teams by nearly 50% in 2021, adding close to 100 new roles in engineering, marketing, content, and other parts of the company to continue to execute its vision to entertain and connect the world through stories. CEO & co-founder Allen Lau will report to WEBTOON CEO Jun Koo Kim.Īs part of the Naver family of world-class brands, Wattpad will focus on its continued growth and innovations, expanding its teams, and developing new initiatives to reward writers on the platform. The company will remain headquartered in Canada under the continued leadership of founders Allen Lau and Ivan Yuen. TORONTO and SEOUL, Naver, South Korea’s internet conglomerate, and Wattpad, the global multi-platform entertainment company for original stories and a leading social storytelling platform, today announced that Naver has completed its acquisition of Wattpad in a cash and stock transaction valued at more than an estimated USD $600 million. Wattpad plans to grow its team by nearly 100 people in 2021 (In addition to Wattpad Studios, Wattpad also launched a book publishing division in 2019.Wattpad, the world’s leading social storytelling platform, and WEBTOON, the global leader in webcomics, are now both Naver brands, with a combined global monthly audience of more than 166 million peopleĪcquisition sets up Wattpad for continued growth and global leadership, including new investments in user initiatives to help Wattpad authors build an international audience and make money Like Webtoon, Wattpad has been more focused on streaming media, given the many platforms now needing fresh content, from Netflix to Apple to farther-flung outfits, like GoJek’s GoPlay, launched by the Indonesian ride-hailing giant in 2019. (Indeed, according to a story published last week in The Verge, Wattpad has published more than a billion stories over the years, and it claims its users spend a collective 22 billion minutes per month reading these.) Similarly, Wattpad, which originally launched as an e-reading app, has evolved into a highly popular platform where users publish their original work and more than 90 million people visit monthly to read them.

#Wattpad english series#

(Below is a trailer for one popular series called “The Secret of Angel.”) According to Korea’s Pulse News, some of the region’s webtoons are finding a broader geographic audience and crossing over into film. On its face, the deal appears to make sense. According to Naver, Webtoon was averaging more than 67 million monthly users as of last August. in 2014, and that features thousands of comic strips created by its users. Naver plans to incorporate at least part of the business into another of its holdings, the publishing platform Webtoon, which Naver launched in 2004, brought to the U.S. Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal.