was wattpad bought by webtoon
Hereâs how Webtoon describes the buyout: With the backing of Korean technology giant, NAVER, WEBTOON and Wattpad will collaborate to create a stronger and connected ecosystem across visual and textual storytelling content, with a combined reader base of over 160 million monthly users globally. WEBTOON's innovative monetization model and Wattpad's massive library of diverse stories will provide each prospective affiliate with new levers ⦠The purchase would align WEBTOON and Wattpad, and combine the Canadian companyâs more than 90 million user base with WEBTOONâs 72 million monthly active users. âThey also have Webtoon Studios,â Lau says, âwhich turns some of the comics into animation. Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the ⦠You'll be homo for your friends?? Hereâs how Webtoon describes the buyout: The Canadian storytelling app Wattpad has unveiled a deal to be acquired by Naver, the South Korean Internet conglomerate and home of Webtoon, the global digital comics platform as part of ⦠... WEBTOON and Wattpad will collaborate to create a stronger and connected ecosystem across visual and textual storytelling content, with a combined reader base of over 160 million monthly users globally. Webtoon Studios is animation-focussed, unlike Wattpad Studios, but both have proven track records. Despite Wattpadâs reputation, it has ⦠On Tuesday, Deadline reported that Wattpad's Board of Directors of Wattpad announced that it unanimously approved a definitive agreement to be acquired by Naver. Wattpad joins Webtoon as part of Naverâs portfolio â and its in very good company. The cash and stock transaction valued at more than an estimated USD $600 million will fuel continued global growth for Wattpad. The acquisition of Wattpad will allow Naver to strengthen its ⦠The move will align Wattpad, and its global community of more than 90 million people, with Naverâs WEBTOONâ¢, a leading digital comics publisher with an average of 72+ million monthly active users. Allen Lau, Wattpad. A new chapter in our story is about to be written, and we're not writing it alone⦠7 years wasn't enough for me,as long as I'm with you I'll be happy.... Eun Tae love his friend and also Hyung for long time,but Hyung didn't notice Eun Tae feelings for him.... Would someday Hyung will understand and love him back or?? Wattpad will continue to maintain its head office in Canada under the continued leadership of founders Allen Lau and Ivan Yuen . The company will remain headquartered in Canada. Per the press release, Naver Webtoon founder NAVER WEBTOON founder and CEO Jun Koo Kim said:. â Wattpad (@wattpad) January 19, 2021. Social storytelling platform Wattpad is being acquired by Webtoonâs Korean parent company Naver in a cash and stock transaction valued at more than $600 million, it ⦠Wattpad, the user-generated fiction platform and entertainment company, announced that it agreed to be acquired by Korean internet conglomerate Naver, parent of digital comics platform Webtoon⦠Webtoon and Wattpad will collaborate to create stronger storytelling content with a combined user base of over 160 million monthly users. On January 19, 2021 Wattpad announced that its board has approved an agreement to be acquired by Naver, the owner of WEBTOON. In November, Webtoon launched Webtoon Studios, which has worked Wattpad, the user-generated fiction platform and entertainment company, announced that it agreed to be acquired by Korean internet conglomerate Naver, parent of digital comics platform Webtoon, in a deal worth more than $600 million. We are excited to align Wattpad, a leading social storytelling company, with WEBTOON, a leading digital comic publisher, under the same umbrella. The Canadian-based storytelling company Wattpad will be acquired by South Korean internet giant Naver for $660 million.. On January 19, Wattpad announced that its board approved an agreement to be acquired by Naver, the owner of WEBTOON. Wattpad, the storytelling platform that has been a go-to for budding authors since 2006, recently announced that it was being bought by Naver, the South Korean conglomerate, in a ⦠Read comics, webcomics, manga, and manhwa online or download the WEBTOON ⦠The move will align Wattpad, and its global community of more than 90 million people, with Naver's WEBTOON, a digital comics publisher with over 72 million monthly active users. If you don't know, recently a Southern Korean company called Naver has bought Wattpad for $600 million dollars. Last week, we informed you ways Wattpad has develop into a place the place budding authors can generally flip their work into Hollywood movie and TV, with Hulu, Netflix and others adapting Wattpad writersâ labors into titles like The Kissing Booth, Light as a ⦠This is a DOUJINSHI /fiction story/SLICE OF LIFE story about bts. WEBTOON is home to thousands of stories across 23 genres including romance, comedy, action, fantasy, and horror. I predict they will most likely begin converting popular Wattpad stories into Original Webtoons given the huge fanbases some novels on there have. Itâs possible that Webtoon will add a novel section similar to Tapas, or they will link the two websites in some form. âWattpad joining WEBTOON under the Naver umbrella is a big step towards us becoming a leading global multimedia entertainment company,â said WEBTOON founder and CEO Jun Koo Kim. So, of course people have begun to panic with this and began to move to other sites. In 2014, Webtoon began offering its services in various languages, including English and Chinese. Social storytelling platform Wattpad is being acquired by Webtoonâs Korean parent company Naver in a cash and stock transaction valued at more than $600 million, it was announced on Tuesday. The acquisition will align Wattpad and WEBTOONâ¢, two leading comics, entertainment, and storytelling companies, with a combined global monthly audience of 160M people.. Wattpadâs press release explicitly mentions Webtoon, and Webtoon was the one to issue a press release on behalf of its parent company Naver as well. Wattpadâs press release explicitly mentions Webtoon, and Webtoon was the one to issue a press release on behalf of its parent company Naver as well. Read the most popular bought stories on Wattpad, the world's largest social storytelling platform. Webtoon has 72 million monthly active users. Webtoon is leading digital comics publisher with an average of 72+ million monthly active users. Storytelling incubator Wattpad is getting bought for over half a billion dollars. This has obviously worried many people due to Korea being infamous for censoring fan-fics and stuff like sex, abuse, etc in their sites. Wattpad has said it has more than 90 million monthly users who spend a collective 22 billion minutes reading content on the site every month. Right hereâs how Webtoon describes the buyout: With the backing of Korean know-how large, NAVER, WEBTOON and Wattpad will collaborate to create a stronger and linked ecosystem throughout visible and textual storytelling content material, with a mixed reader base of over 160 million month-to-month customers globally. Naverâs subsidiary Webtoon âis the leading company in digital comics,â Lau says, sourcing local content in Southeast Asia including Japan and in the United States. TORONTO & SEOUL, South Korea--(BUSINESS WIRE)--Jan 19, 2021--The Board of Directors of Wattpad, the global multi-platform entertainment company for original stories and leading social storytelling platform, today announced its unanimous approval of a definitive agreement to be acquired by Naver, South Koreaâs internet conglomerate and home of WEBTOONâ¢, a leading global ⦠Now Wattpad will be looking to expand its service after being bought by Naver â the South Korean Internet giant who also owns Line and Webtoon â in a deal reported to be over $600 million. WEBTOON⢠is home to some of the biggest names in webcomics, including Lore Olympus, Rachel Smytheâs Eisner Award-nominated series. Social storytelling platform Wattpad is being acquired by Webtoonâs Korean parent company Naver in a cash.. ⢠US ⢠One News Page: Wednesday, 20 January 2021 Wattpad is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal.. 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. in 2014, and that features thousands of comic strips created by its users.It also has a huge audience. Wattpad joining WEBTOON under the NAVER umbrella will be a big step towards us becoming a leading global multimedia entertainment company. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Lau: âTaking Our Business to the Next Levelâ T he board of directors of Wattpad.