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Wattpad Originals - The Updated Paid Program

Wattpad has launched Wattpad Originals, a new paid content model for balancing free and paid access for authors and readers.

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Canada's Wattpad Updates Its Paid Program: 'Originals'

Wattpad opens a program it says will do away with 'a difficult choice for authors' and offers ways writers can earn money on the platform.

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Wattpad Lays Off 15% of Its Workforce

Wattpad Lays Off 15% of Its Workforce
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Wattpad President Jeanne Lam Describes New Creator Offerings

Wattpad President Jeanne Lam Describes New Creator Offerings
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Wattpad introduces a creator program that can pay writers up to $25,000 – TechCrunch

Wattpad wants to stand out by supporting webnovel writers by offering them multiple ways to make money

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Wattpad Plans to Pay Top Writers $2.6 Million This Year

Wattpad, the user-contributed fiction platform, will pay writers cash stipends of up to...

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2021 Wattys Awards: An Asexual Romance Takes the Top Prize

Winners in the 2021 Watty Awards include stories inducted into the Paid Stories program that allows writers to earn money for their work.

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Bringing books into the TikTok era: Amazon's Kindle Vella and the rise of the new 'story platforms'

Bringing books into the TikTok era: Amazon's Kindle Vella and the rise of the new 'story platforms'
geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.

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South Korea's Naver Completes Its Acquisition of Canada's Wattpad

Naver’s US$600 million acquisition of Wattpad, announced early this year, is completed just as potential competition arrives from Amazon’s new Kindle Vella and Seoul’s Kakao.
In Seoul, a line of bus passengers and their cell phones during the coronavirus COVID-19 pandemic. Image – Getty iStockphoto: Wonseok Jang
South Korea’s Kakao Is Also a Buyer: Radish and Tapas
In January, as you’ll recall, it was announced that the Toronto-based Wattpad was to be acquired by Naver, a South Korean Internet search engine conglomerate, the home of Webtoon, a digital comics platform.
In its messaging overnight (May 10), the Canadian company has reiterated its earlier citation of the acquisition being a cash and stock transaction valued at more than $US600 million. It also restates that Wattpad’s co-founders Allen Lau and Ivan Yuen will continue their direction of Wattpad, and that the company will remain based in Canada. Lau, who is CEO, is to report to the Jun-koo Kim, the founding CEO of Webtoon, the production wing of which, Webtoon Studios, has worked with the Jim Henson Company; Crunchyroll; Vertigo Entertainment; and Bound Entertainment.

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The one where writing books is not really a good idea

The Novelleist
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The New York Times caused a stir recently when, in an article about pandemic book sales, it disclosed that “98 percent of the books that publishers released in 2020 sold fewer than 5,000 copies.”
Though this statistic was shocking to many, it is not new information. People don’t read books—and the ones that do aren’t buying them. To make matters worse, “books that publishers released” are only the “success stories”—those books that scored hard-won Big-Four publishing contracts—and those are already a small piece of the book publishing market.
According to Bookstat, which looks at the book publishing market as a whole, there were 2.6 million books sold online in 2020 and only 268 of them sold more than 100,000 copies—that’s only 0.01 percent of books.

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