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Canada's Wattpad Has First Film Project With Netflix

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While the platform has had first-look deals and television and film development projects with some of the largest companies in the world, including Sony, this is its first such arrangement with Netflix.
This is a timely demonstration of what has made Wattpad and what can make Kindle Vella such a valuable property in terms of books-to-film/words-to-screen development.
The timing of this announcement shows Wattpad to be the current dominant player in the serialization field, and Toronto today has illustrated what eventually may be one of the key advantages to Amazon in its new Vella development.
Godoy’s story, a 2016 Wattys winner on the platform with its 90+ million users, has drawn more than 176 million reads since its appearance. That, to film and television producers and studios means a built-in audience. This is why so many major entertainment media are willing to work with a platform like Wattpad and Vella. ....

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Wattpad to Be Acquired for $600 Million by Parent Company of Webtoon

Wattpad to Be Acquired for $600 Million by Parent Company of Webtoon
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The studio turning online teen fiction into Hollywood hits

Flash, was interested in adapting her book into a feature film he would produce and star in.
For Marchant, a recent graduate of the University of Southern California who got her start writing
Harry Potter fanfiction, learning that Amell wanted to adapt something she wrote was a dream come true. Her novel,
Float, a teen romance set in a beach town, had been released chapter by chapter online over the course of seven years far from the traditional process of writing a manuscript and hoping it finds its way into an editor’s hands. She had started it when she was just 15. ....

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