It has used its share listing to diversify its activities beyond BTS and talent representation and into tech and international markets.
HYBE has grown hugely in scale with the crossover global success of BTS and launched on the stock market nearly a year ago.
Wattpad has been behind over 100 film and TV series for broadcasters and streamers including Netflix, Sony Pictures Television, Crunchyroll, The Jim Henson Company, Vertigo Entertainment and Constantin Film. As Korean webtoons enjoy new heights of popularity, being turned into drama series and films, the Korean webtoon industry is seeking to take down illegal websites featuring pirated webtoons. Last week, Wattpad Webtoon Studios renewed and expanded its content production alliance in Indonesia with local streamer Vidio and production house Screenplay Films. But they offered little new insight into the development of the jointly-owned Wattpad Webtoon Studios. Kim’s presentation included a video message from two of the founders of Wattpad. If youre fluent in the Korean language and want to read your favorite webtoons as original works, then Naver Webtoon is the best choice for you. The company said that the original content increased in popularity in other regions after Netflix began streaming the adapted show. Netflix fantasy-horror series “Sweet Home” is a live action adaptation, produced by Studio Dragon and adapted from Webtoon subsidiary Studio N’s material. The PPS scheme is to be further built out with web novels, web comics and transmedia. Webtoon’s unnamed top creator earns an annual KRW12.4 billion ($10.6 million), Kim said, while the mean creator earnings through profit share is $238,000 (KRW 280 million). Kim said that those creators participating in its profit-sharing system (PPS) can earn significant sums. As a snack-culture format optimized to smartphones, Korea’s webtoons have made significant progress over the years and now boast the strongest platform/content competitiveness in the world. 1 in the world Korea is the birthplace of webtoons. It earns revenues from advertising, paid content, IP sales and film adaptations. Webtoons: The next frontier in global mobile content Webtoons: No. It operates open platforms that mirror YouTube by combining both user generated content and professional-quality material. Engaging with the insights from recent studies of platforms and utilizing empirical media analysis, I argue that Korean webtoon platforms demonstrate the continuing and intensifying dependency of art on platforms-a process that I call “the platformization of culture”-and that this specific type of platformization is reinforced by what I call “the artist incubating system.” The case of webtoon platforms reveals a number of telling aspects of media ecosystems for art production in the digital age-aspects that are spreading and expanding to various fields of art.Established in 2014, Webtoon now boasts 166 million monthly average users and a roster of some six million creators. As a new cultural medium, the webtoon is thus inseparable from its platform and organically tied to its distinctive platform ecology, which is different from the ecosystems that other (global) mega-platforms create.
Webtoons have developed by utilizing various potentials that the digital platform offers, such as open solicitation, (partial) free web/mobile distribution, profit from advertisement and page viewing, and transmedia production.
This article examines the webtoon (wept'un)-a term coined in Korea to refer to webcomics-which is arguably the most pervasive and powerful form of digital serial production in twenty-first-century Korea.