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Wattpad Acquisition

On January 19, 2021 Wattpad announced that its board has approved an agreement to be acquired by Naver, the owner of WEBTOON.

 

We are excited to align Wattpad, a leading social storytelling company, with WEBTOON, a leading digital comic publisher, under the same umbrella. Together, we will help more creators make money, bringing even more new, diverse voices to screens and bookstores everywhere. You may be already familiar with WEBTOON, as they sponsored the 2020 Watty Awards with us this year!

 

What does this mean for the website and app you have come to love? The Wattpad you know will largely feel the same over the coming months. In time, we will find more ways to connect our combined audience of 160 million people around the world — people who obsess over their favorite stories and creators and who have found a home with Wattpad and WEBTOON. We can’t wait to share more with you. Stay tuned!

 

FAQ 

Does Naver own my content now?
No. Nothing about Wattpad’s user experience has changed as a result of this announced transaction. As always, you own your stories, and your work is protected by copyright. To learn more about copyright laws and your rights as a storyteller, please visit: https://support.wattpad.com/hc/en-us/articles/216192503-Copyright-FAQ 

 

What’s going to happen to my story?
Nothing! How you use and enjoy Wattpad will not change anytime soon, and nothing has changed as a result of this announced transaction. You can continue writing, honing your craft, and building a global audience on Wattpad. 

 

Why did Wattpad decide to be acquired?  
Our vision today is the same as it has always been: to entertain and connect the world through stories. Joining Naver is the fastest way we can achieve that vision. Together, we will help more creators make money, bringing even more new, diverse voices to screens and bookstores everywhere. 

 

Will I still be able to access my Wattpad account?
Yes. Rest assured, we’re not going anywhere! The Wattpad you know and love isn’t changing. In time, we will find more ways to collaborate with WEBTOON and connect our combined audience of 160 million people around the world. 

 

Will my Premium subscription include access to WEBTOON?
No, how you use and enjoy Wattpad will not change anytime soon. 

 

Will I still need different accounts to access Wattpad and WEBTOON?
Yes, how you use and enjoy Wattpad will not change anytime soon.

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