By Marjaleen Ramos
With the vision to entertain and connect the world through original stories, global multiplatform Wattpad, achieved a new milestone in the Philippines as it announced it had reached seven million people in the country.
Wattpad CEO and founder Allen Lau said that Filipino Wattpadders lead Southeast Asia in mobile reading and writing as Wattpad’s second largest market globally.
In January 2018, Wattpad announced $51 million in new funding from Globe Telecom’s Kickstart Ventures, and China’s Tencent to support new investments in machine learning and interactive storytelling.
The multiplatform has established a number of high-profile partnerships with some of the Philippines most innovative technology and media companies.
Lau said Wattpadders have embraced the future of entertainment, where technology and storytelling come together to empower new voices.
“Filipino readers, writers, and entertainment executives were first to understand the true scope of our vision to entertain and connect the world through stories. As a result, hundreds of Filipino Wattpad stories have been turned into books, TV shows, and films, changing how entertainment gets made in the country,” he added.
In attempt to strengthen its vision, Wattpad has worked with publishers and TV and film producers across the Philippines to adapt Wattpad stories for the millions of passionate fans in the country.
In 2014, Wattpad has established a groundbreaking deal with TV5, producing almost 250 episodes, to adapt hit original stories.
Lau also noted that Wattpadders in the country take more than 400 million minutes each month and share more than 24 million story uploads on Wattpad.
Meanwhile, the President of Kickstart Ventures said, “They’ve built a community and technology that tap into our shared desire for stories, the most intimate and powerful form of human expression. Now they’re building a new, data-based framework for entertainment, sharing Filipino stories and voices with a global audience.”
Aside from the Philippines, Wattpad also partnered with international companies such as Universal Cable Productions, eOne, CW Seed, Hachette Romans, and HarperCollins Children’s Books