Daily Archive: January 20, 2021
Join the all-digital event that’s giving game publishers an edge in an uncertain ecosystem. From January 26-28, GamesBeat is bringing together today’s industry leaders for three days of content and networking focused on game growth and the Metaverse.
Of course the industry keeps growing, boosted by the pandemic and next-gen console releases, and reaching $139.9 billion in 2020. But from major ad ecosystem changes to brand new privacy laws, there are still challenges to face when it comes to finding the right way to monetize.
That’s why the first day of programming, made possible by a partnership between Facebook
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Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal.
Naver plans to incorporate at least part of the business into another of its holdings, the publishing platform Webtoon, which Naver launched in 2004, brought to the U.S. in 2014, and that features thousands of comic strips created by its users. It also has a huge audience. According to Naver, Webtoon was averaging more than 67 million monthly users as of last August.
On its face, the deal appears
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