Naver's digital comics publisher Webtoon<\/a> said the acquisition<\/a> will help in collaborating with Wattpad to create a stronger ecosystem across visual and textual storytelling content, with a combined reader base of over 160 million monthly users across the world. The deal is expected to close in Q2 of 2021.
\"Webtoon's monetization model and Wattpad's massive library of diverse stories will provide each prospective affiliate with new levers for growth, creating a stronger foundation to fund an aspiring generation of young, creative talent,\" the company said.
A new chapter in the @Wattpad story is about to be written, and we’re not doing it alone! Today we announced that o… https:\/\/t.co\/eMU6QYBmlR<\/p>— Allen Lau 🇨🇦 (@allenlau)1611118917000<\/a><\/blockquote><\/div>
Apart from Webtoon, Naver offers a portfolio of search, e-commerce, fintech, communications, social networking, cloud, content, and entertainment services and brands including LINE, Smart Stores, N Pay, Band, V Live, and Snow, among many others.
“Wattpad’s vision to entertain and connect the world through stories fits perfectly with our vision for Webtoon and Naver’s content brand. We’re thrilled to have them join the Naver family,” said Seong-Sook Han, CEO of Naver.
“Wattpad joining Webtoon under the Naver umbrella is a big step towards us becoming a leading global multimedia entertainment company,” said Webtoon founder and CEO, Jun Koo Kim. “Both Wattpad and Webtoon care most about helping creators tell their story their way, and both represent world-leading collections of inspired, imaginative storytelling IP.”
Started in 2006, Wattpad claims to have a global community of 90 million people on its platform, including more than five million writers, who spend over 23 billion minutes on a monthly basis in original stories ranging from science fiction, to romance, fantasy, horror, and others.
Over 1,500 Wattpad stories have been published as books, or adapted for television and film. Some of the prominent ones include The Kissing Booth, and Light as a Feather. The Kissing Booth was made into a series of three movies on Netflix with the third movie expected to debut later this year, while Light as a Feather was released as a two-season television series on Hulu. The company's publishing arm Wattpad Books has published 21 books to date.
Wattpad said this deal will fuel its international growth and success. Co-founders Allen Lau and Ivan Yuen will continue to lead the company that will remain headquartered in Canada.
\"In 2021, when every form of entertainment is being transformed, we’ve built a platform that can fuel hits on-screen and bookshelves, empowering and rewarding a new generation of diverse creators all over the world. We're thrilled about the prospect of joining the amazing teams at Naver and Webtoon to continue our growth, help more writers make money, and bring new voices to screens and bookstores everywhere\" said Lau.
The company had raised a total $117.8 million from investors like Tencent, Union Square Ventures, Khosla Ventures, Raine Ventures, Times Bridge*, BDC, Globe Telecom's Kickstart Ventures, AME Cloud Ventures, Northleaf Venture Catalyst Fund and Version One Ventures among others.
On the other hand, Webtoon also works with production companies for adaption of its webcomics into television series, animated series, web series and films. Among recent productions include Sweet Home that debuted on Netflix, and The God of High School that released on Sony's anime streaming service Crunchyroll.
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Naver Wattpad获得社会讲故事的平台
Naver的数字漫画出版社Webtoon表示,收购将帮助他们与Wattpad合作创建一个更强的生态系统在视觉和文本故事的内容。
韩国n互联网企业集团Naver已经获得了社会的故事平台Wattpad在现金和股票交易总部位于多伦多的公司的市值超过6亿美元。
Naver的数字漫画出版社Webtoon说,收购将有助于在与Wattpad合作创建一个更强的生态系统在视觉和文本叙事内容,每月读者基地总计超过1.6亿世界各地的用户。该交易预计将在2021年第二季度完成。
“Webtoon的盈利模式和Wattpad庞大的图书馆不同的故事将为每个潜在会员提供新的增长杠杆,创建一个更加坚实的基础为有抱负的一代年轻,创造性人才,”该公司表示。
@Wattpad新篇章的故事是关于写,和我们不做它!今天,我们宣布阿…https://t.co/eMU6QYBmlR
— Allen Lau (@allenlau)1611118917000
除了Webtoon, Naver提供了一个投资组合的搜索、电子商务、fintech,通讯、社交网络、云、内容、和娱乐服务和品牌包括线、智能存储、N,乐队,V生活,和雪,和其他很多。
“Wattpad视觉娱乐和连接世界通过故事完美地符合我们的愿景Webtoon Naver的内容品牌。我们很高兴让他们加入Naver的家庭,“Naver的首席执行官Seong-Sook汉说。
“Wattpad加入Webtoon Naver的伞下一大步向我们成为全球领先的多媒体娱乐公司,“Webtoon创始人兼首席执行官说,小君古金。“Wattpad和Webtoon最关心帮助创造者讲述他们的故事,和两个代表世界领先的集合的灵感,富有想象力的故事IP。”
始于2006年,Wattpad声称有一个全球社区在其平台上的9000万人,包括五百万多个作家,每月花230亿多分钟在整个故事从科幻小说,浪漫、幻想,恐怖,和其他人。
超过1500 Wattpad故事已经出版书籍,或改编为电视和电影。一些著名的包括接吻亭,和清淡。接吻亭被拍成了系列的三部电影Netflix与第三电影预计在今年晚些时候上市,而光作为羽毛被释放两季电视剧在Hulu上。公司出版的手臂Wattpad书发表了21个书。
Wattpad表示,这笔交易将燃料国际发展和成功。创始人艾伦刘和伊万袁将继续领导公司,仍将是总部位于加拿大。
“在2021年,当所有的娱乐方式被改变了,我们已经建立了一个平台,可以燃料点击屏幕上和书架,授权和奖励的新一代不同的世界各地的创造者。我们兴奋的前景加入神奇的团队在Naver Webtoon继续增长,帮助更多的作家赚钱,并将新的声音屏幕和各地书店”刘说。
公司已经筹集了总计1.178亿美元的投资者像腾讯,联合广场企业,科斯拉风险投资公司,雷恩,* *的桥梁,下死点,全球电信的启动项目,AME云企业,Northleaf风险催化剂基金和其他版本的企业之一。
另一方面,Webtoon也适用于生产公司向电视连续剧改编的漫画,动画系列、web系列和电影。在最近的作品包括甜蜜的家,首次在Netflix,和高中的神,在索尼的动漫流媒体服务Crunchyroll发布。
South Korea<\/a>n internet<\/a> conglomerate Naver<\/a> has acquired social storytelling<\/a> platform Wattpad<\/a> in a cash and stock transaction valuing the Toronto-based firm at more than $600 million.
Naver's digital comics publisher Webtoon<\/a> said the acquisition<\/a> will help in collaborating with Wattpad to create a stronger ecosystem across visual and textual storytelling content, with a combined reader base of over 160 million monthly users across the world. The deal is expected to close in Q2 of 2021.
\"Webtoon's monetization model and Wattpad's massive library of diverse stories will provide each prospective affiliate with new levers for growth, creating a stronger foundation to fund an aspiring generation of young, creative talent,\" the company said.
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