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After $600 Million Sale, Storytelling App Wattpad Eyes Expansion

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hollywoodreporter.com
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When South Korean tech giant Naver paid $600 million for storytelling app Wattpad on Jan. 19, the companies pointed to global expansion as a rationale for the deal.

Specifically, Wattpad CEO Allen Lau tells The Hollywood Reporter, it’s about two numbers. “What’s better than 90 million monthly users?

One hundred and sixty million users,” Lau says. The executive is referring to Wattpad combining 90 million users with Naver’s Webtoon global digital comics platform and its 72 million monthly users, many in the U.S.

and Japanese markets. Launched in 2006, Wattpad is a digital platform that allows amateur writers to publish their own works of fiction online.

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