Previous investors include OMERS Ventures, August Capital, Union Square Ventures, Golden Venture Partners, Khosla Ventures, AME Cloud Ventures, Northleaf Venture Catalyst Fund and Version One Ventures. The company’s latest round was $51 million in 2018 from Tencent Holdings, BDC, Globe Telecom’s Kickstart Ventures, Peterson Group, Canso, and Raine Ventures. Wattpad previously raised $117.8 million from investors in Asia, the U.S. 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.” “Today’s news is about continuing Wattpad’s journey and taking our business to the next level. Wattpad was founded in 2006, based on the idea that “technology would democratize storytelling and that stories are the atomic unit of every type of entertainment,” Wattpad’s Lau said in a statement.
She added, “Wattpad’s vision to entertain and connect the world through stories fits perfectly with our vision for Webtoon and Naver’s content brand.”
“Co-founders Allen Lau and Ivan Yuen, and the entire team at Wattpad, have created something special, and we are grateful to have Allen and Ivan continue to lead this fantastic company for us post-acquisition,” Naver CEO Seong-Sook Han said in announcing the deal. Webtoon, whose webcomics include Rachel Smythe’s “Lore Olympus,” also has a studio division that has worked to adapt original intellectual property in partnerships with the Jim Henson Company Crunchyroll Vertigo Entertainment, the production company behind the “It” franchise and “The Lego Movie” and Bound Entertainment, the global studio led by producer Samuel Ha (“Snowpiercer,” “Okja”). It’s set to be coproduced with Collective Pictures (formerly Colony Pictures), which was behind Netflix’s “Code 8.”
#Wattpad verify email movie#
Bodine’s “The Hound,” which is being scripted by Angela LaManna (Netflix’s “The Haunting of Bly Manor”) and “Float,” a movie based on Kate Marchant’s popular Wattpad teen-romance story, starring Robbie Amell (“Upload”), who is also set to produce.
#Wattpad verify email series#
Wattpad Studios has more than 50 TV and film adaption projects in development worldwide, including Jessica Cunsolo’s “She’s With Me,” set up as a series with Sony Pictures Television DeAnna Cameron’s “What Happened That Night,” which is being adapted by Oscar-nominated “Children of Men” screenwriter David Arata T.L.
In 2019, Wattpad launched Wattpad Books, which has published 21 books to date. The company’s Wattpad Studios division has developed TV shows and films with studios like Sony Pictures Television, Picturestart in the U.S., Germany’s Bavaria Fiction, France’s Mediawan, Brazil’s Wise Entertainment, Canada’s CBC and Singapore’s MediaCorp. To date, around 1,500 Wattpad stories have been published as books or adapted for TV and film. Wattpad says its global community spends more than 23 billion minutes monthly engaged with original stories spanning genres including sci-fi, romance, fantasy and horror.
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