ViacomCBS, Wattpad Webtoon Studios Team for Series Slate
. Naver had said it would fund the newly merged Wattpad Webtoon Studios with a commitment of $100 million for development and production financing — aiming to produce a broad new slate of fan-driven entertainment on a global basis.
Ari Tan, VP, head of strategy, ViacomCBS International Studios said: “ViacomCBS International Studios is committed to telling authentic, local stories from emerging creatives from all corners of the world, and through this mission, we’ve expanded to become one of the leading creators of content globally.
Aron Levitz, president of Wattpad Webtoon Studios, said: “Wattpad Webtoon Studios is home to some of the most exciting new voices in comics and literature. Between our massive global IP catalogue with built-in fandoms, and a roster of superstar comic artists and indie authors, we’re fueling a new era of data-backed entertainment.
Wattpad Webtoon currently has more than 100 projects in development or production around the world. The company recently wrapped production on a film adaptation of “Float,” based on Kate Marchant’s hit Wattpad romance of the same name. Wattpad Webtoon Studios is producing the project alongside Lionsgate, Collective Pictures, and Brightlight Pictures.
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