Canada's Wattpad Announces It's Being Acquired by South Korea's Naver - Publishing Perspectives

 Panzer had hardly entered the Catosphere when the Panzermobile was violently shaken by yelling and screaming coming from outside. Following all the chaos took our brave kitty boy to the Publishing Perspectives site. With no digging at all he found a post about the acquisition of Wattpad was what was causing all the noise.

Surprised me.

According to Porter Anderson's post, Wattpad's board announced the company is being acquired by the South Korean company Naver. Wattpad's acquisition is priced at US$600 million in cash and stock. Wattpad will stay in Canada. In addition to the platform and services, Wattpad Studios division and Wattpad Books will join Naver's Webtoon. The post contains much more information about both and the acquisition.

Panzer says, "This little kitty didn't know they wanted to sell the company. Did you?"

Note: This is an extra l-o-n-g length post. Bring a large mug of cocoa, a muffin and two chocolate chip cookies (biscuits) for today's reading selection.

To read the post tootle over to Wattpad

PRH to Publish Wattpad Books in UK - Publishers Weekly

They're all children's books.

Panzer was cleaning the windshield (windscreen) of the Panzermobile when he found a post stuck under the wiper. Pulling it out, our fastidious kitty discovered it was a post about Wattpad Books.

According to the Publishers Weekly post by Ed Nawotka, Wattpad Books is Canadian company Wattpad's new young adult press division. US book distribution for Wattpad Books will be by Macmillan and UK publishing and distribution will be by Penguin Random House Children's Books. Three books are already scheduled for August and September and three more in October.

Panzer says, "They sure are off to a quick start with six books in the first three months."

Note: This is a short-medium length post. Bring a cup of tea for today's reading selection.

To read the post tootle over to Wattpad Books

Wattpad, the Storytelling App, Will Launch a Publishing Division - The New York Times

They pick from Wattpad only.

Panzer was tootling around in the Catosphere when he heard clapping and cheering. Following all the hoopla took our adventuresome kitty boy to The New York Times site. With a little digging in the posts he found one about Wattpad.

According to the post, Wattpad has announced the formation of Wattpad Books. The new publication arm will look to material uploaded to the Wattpad site for possible publication. The company has already chosen 6 uploaded stories for book publication later this year.

Panzer says, "Hmm ... The post says the author gets an advance and royalties."

Note: This is a long-medium length post. Bring a cup of cocoa and a muffin for today's reading selection.

To read the post tootle over to Wattpad Books