12/28/2022 0 Comments Webtoon app release date![]() WEBTOON Studios has worked with The Jim Henson Company Crunchyroll Vertigo Entertainment - the production company behind the IT franchise and The Lego Movie Bound Entertainment - the global studio led by Snowpiercer and Okja producer Samuel Ha. WEBTOON™ is home to some of the biggest names in webcomics, including Lore Olympus, Rachel Smythe's Eisner Award-nominated series. The move will align Wattpad, and its global community of more than 90 million people, with Naver’s WEBTOON™, a leading digital comics publisher with an average of 72+ million monthly active users. The company will remain headquartered in Canada under the continued leadership of founders Allen Lau and Ivan Yuen.Īs one of Korea’s largest publicly listed companies and a globally recognized technology powerhouse, Naver offers a world-class portfolio of search, e-commerce, fintech, communications / social networking, cloud service, content, and entertainment services and brands including Smart Stores, N Pay, WEBTOON, LINE, BAND, V Live, and Snow, among many others. The acquisition will allow Wattpad to continue to accelerate its international growth and success. Naver is expected to acquire Wattpad in a cash and stock transaction valued at more than an estimated USD $600 million, subject to customary adjustments and other terms. TORONTO & SEOUL, South Korea-( BUSINESS WIRE)-The Board of Directors of Wattpad, the global multi-platform entertainment company for original stories and leading social storytelling platform, today announced its unanimous approval of a definitive agreement to be acquired by Naver, South Korea’s internet conglomerate and home of WEBTOON™, a leading global digital comics platform.
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