Naver’s US$600 million acquisition of Wattpad is completed as potential competition arrives from Amazon’s new Kindle Vella and Seoul’s Kakao.
A day after Amazon announces its Kindle Vella serialization platform, the 90-million-user Wattpad arrives with its first serial-based film deal with Netflix.
Opening a new route to self-publishing, Amazon’s Kindle Vella capitalizes on the popularity of online serialized storytelling.
The merger between Canada’s Wattpad and South Korea’s Naver, says Allen Lau, is built on audience and platform expansion.
Toronto-based Wattpad will retain its leadership team following its acquisition by South Korean tech company Naver, in a US$600 million cash and stock deal.
The Dutch author of Wattpad’s ’36 Questions (and lots of coffee)’ has seen her story picked up by NL Film and Wattpad Studios.
The Code 8 team at Collective Pictures is partnering with Wattpad to adapt story ‘Float’ by Kate Marchant, with more than 25 million reads, into film.
PRH Grupo Editorial gets translation rights to English-language titles from Wattpad Book, a world Spanish exclusive.
As Canada’s Wattpad Books buys a ‘lockdown romance’ for 2022, Constantin Film acquires a Wattpad story with more than 80 million reads.
Wattpad officials say they can detect no theft of users’ ‘financial information, stories, private messages, or phone numbers’ in a data breach.