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Wattpad to Be Acquired by Webtoon’s Korean Parent Company in $600 Million-Plus Deal

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thewrap.com
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Jun Koo Kim said in a statement. “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.”Also Read: Wattpad Expands Into Film Development With Projects From 'Children of Men' Writer, 'Haunting of Bly Manor' Co-ProducerWebtoon’s horror series “Sweet Home” recently launched as a Netflix Original in December and ranked No.

1 in Korea and No. 2 globally. Wattpad in general has seen successes with published books as well as TV and film adaptations, including the “After” franchise and Hulu’s series “Light as a Feather.”Last May, Wattpad announced it would be expanding into film developments.

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