South Korean tech giant Kakao announces plans to merge mobile comics app Tapas with fiction site Radish to build a formidable competitor to Naver's Webtoon and Wattpad platform.
“Kakao Entertainment is a key player in the growth of storytelling globally,” said Jinsoo Lee, CEO of Kakao Entertainment. “With our content IP expertise and the outstanding content creation capabilities of the new company, we will accelerate our efforts to become a dominant regional and global player in the market in the next three years.”
Tapas, which launched as a bootstrap startup in 2012, built a global audience that has racked up over 9.5 billion pageviews of 103,000 original series, mostly mobile-digital comics and light novels, primarily targeting young women age 18-24. The app hosts more than 103,000 original series, a combination of originals done by established creators, licensed content, and user-generated content.
In recent years, they have invested in a production studio to speed development of original IP into streaming content, feature films, animation and games. These vertically-integrated capabilities sweeten the deal for creators to monetize content on the site by building their audience and their skills.
Tapas saw ten times year-over-year revenue growth in 2021, averaging more than $2 million per month for creators, making it one of the top three grossing comic apps in the US. Integrating Radish and Wuxiaworld into that framework matches Naver’s moves with Wattpad and Webtoon in terms of capabilities if not scale, and sets the stage for an even fiercer competitive battle.
“The agreement will provide a major leap forward for Kakao Entertainment in the burgeoning K-content industry and offer exciting new opportunities in the North American storytelling market,” says Jinsoo Lee, CEO of Kakao Entertainment.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Mobile County GOP judge hopefuls weigh in on bailThe three Republicans running for Mobil County District Court judge favor a constitutional amendment that would allow judges to deny bail to people accused of serious crimes, but all say those decisions must be made on a case-by-case basis.
Les mer »
ASUS Zenbook Laptop Shows AMD Ryzen 6000U Mobile Processors Are The Real DealRyzen 6000U is probably the company’s best chance in many years, perhaps ever, to take share from Intel in a product segment its chief rival has had a stranglehold on for what seems like forever.
Les mer »
Apex Legends Mobile beginner's guide: 6 tips and tricks to get started | Digital TrendsNo need to stumble, we've made all the mistakes for you and come up with all the most important tipsandtricks you need to get started in ApexLegends Mobile.
Les mer »
Online and mobile banking: Day 6 of problems for VyStar Credit Union membersDAY 6: VyStar Credit Union members still can't access their accounts through online or mobile banking. Many are demanding answers from VyStar's top leaders.
Les mer »
Samsung’s Galaxy S20 Ultra tops new US customer satisfaction chart, T-Mobile beats VerizonICYMI: Despite its advanced age, the Galaxy S20 Ultra remains America's favorite smartphone, ahead of the LG Aristo 3 (?!) and iPhone 11 Pro Max.
Les mer »
Apex Legends Mobile is finally available on Android and iOSAfter a little bit of teasing earlier this month, EA has finally released the highly-anticipated Apex Legends Mobile on both Android and iOS platforms.
Les mer »