Wattpad, Webtoon Merge Studios With $100M in Development, Production Financing

The tie-up to create Wattpad Webtoon Studios was expected after Naver acquired Wattpad for $600 million to create a platform with a joint global monthly audience of 160 million users.

We’re looking to the future, with hundreds of millions of new stories to power the next 100 years of hits on screens and bookshelves,” said Aron Levitz in a statement.

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