Nuked Wattpad is a place where budding authors can sometimes turn their work into Hollywood films and TV. South Korean web company Naver is buying Wattpad for over $ 600 million.
Webtoon is an online WebToon publishing portal that allows artists to upload their own work. Artists can upload their work and produce TV and anime adaptations.
Webtoon was the one to issue a press release on behalf of its parent company Naver. Wattpad’s press release explicitly mentions WebToon.
Naver, WebToon and Wattpad will collaborate to create a stronger and connected ecosystem across visual and literary storytelling content. Wattpad’s massive library of diverse stories will provide each prospective affiliate with new levers for growth.
Wattpad co-founder Allen Lau tells BetaKit that his company will continue to operate independently. Lau says his company wo n’t operate independently.
Naver is a popular search engine in South Korea and competes with the likes of Google and Facebook in other ways. The most notable is probably line, a messaging app whose associated services have helped make it the dominant social media company in Japan.
