Wattpad Studios

One of the things I am most proud of about our portfolio at USV is that we have invested in a handful of companies that are slowly but surely changing the way content creators reach their audience and make money doing that. I like to think of it as the evolution of the studio model that has prevailed in content for as long as I’ve been alive. Some of the companies that would fit into this category are Kickstarter, SoundCloud, YouNow, Splice, VHX, Mediachain, and Wattpad.

Wattpad is one of the most interesting of the bunch. Wattpad is a community of readers and writers that operates natively on the web and mobile devices. It is, along with Kindle and Audible, one of the “big three” in the Books category on mobile phones.

Wattpad has a global monthly audience of 45mm people, mostly young and trending female, that read stories that are written on Wattpad for the community of readers that is there. That’s a big number. And that has gotten the attention of the film and television business. In 2014, Wattpad author Anna Todd’s serialized story After (over 1.3 billion reads and more than 6 million comments) was optioned by Paramount and is now being developed into a feature film (it has also been published as a book by Simon & Schuster).

So Wattpad has created Wattpad Studios to help other authors on Wattpad do the same thing. And yesterday Wattpad Studios announced a partnership with Turner to create stories for Turner’s Tales From The Crypt.

The global internet allows anyone to be a writer and anyone to be a reader. The stories that emerge from this community powered content creation and consumption model on Wattpad are rich and diverse. And so it makes a ton of sense that Wattpad would help these emerging storytellers reach a broader audience through the power of film and television. This should be a good service to the Wattpad writer community and a good business too.


Comments (Archived):

  1. Cam MacRae

    What fascinates me most about this is the development, rise, and popularity of fan fiction like Todd’s After. Authors have always paid homage, but fanfic is on a whole other level.

  2. Donna Brewington White

    I really believe in what Wattpad is doing — glad for their success and congratulate them on this new development.I love this new world of democratization that we live in. It has the potential to revolutionize the way we perceive work and the way we live — opening up the possibilities for life and work to be intertwined and to live out our passions.This still does not describe what the the vast majority of people experience but it’s a start…. possibly to a new order of things.My kids do not dream of growing up and finding a job. They dream of creating (and selling) something or starting something… My 15 y.o. son sees his popularity on Vine as the beginning stages of his future work as a filmmaker. For him it is a trajectory.

    1. Cam MacRae

      Is he following Philip Bloom? If not, he should. I doubt there is a better way to see what being a 21st century filmmaker is all about — warts and all.

      1. Donna Brewington White

        Will ask him. Won’t be surprised if he is. Either way, appreciate the suggestion.

      2. creative group

        Cam McRae:The Philip Bloom who was featured on the Wonder List with Bill Weir? The film maker who used Video Girl Barbie to shoot a film with the embedded video camera in her chest. Different kind of film maker. He is considered a cinemaphotographer if that is who you are referring. We would love to fund a film documentary on Fred and the top VC’s (Gurley, etc.)

        1. Cam MacRae

          I took Donna to mean filmmaker in the classical sense as opposed to youtuber/whatever that evolves into.Yes, that Philip Bloom. I reckon he’ll tell you he’s a filmmaker, DP being one of his hats. I run into the DRtv crew periodically. Wish I’d seem them shoot that one.

    2. LE

      My 15 y.o. son sees his popularity on Vine as the beginning stages of his future work as a filmmaker.Well luckily he is only 15 now and has to finish high school and go to college. I think that is extremely difficult to break into, more so than it was back when we were growing up when it was super difficult. I honestly wouldn’t encourage any young person to attempt or follow that dream unless their family was wealthy and could support them. They should try a traditional career and then do that creative work on the side if they want. When earning a living doesn’t depend on being good enough and lucky enough to make it.

      1. Donna Brewington White

        When I was his age and wanted to be a writer, my Dad discouraged me because it seemed so elusive. Probably wisely, but now I am in a world where several of my friends are published.For that reason, and because he shows talent, we’ll let him play it out. Meanwhile, he is at a college prep high school with rigorous academics and has to keep up his grades. We’ll see how it pans out in the next few years, whether it truly is a passion.We do have a few friends in the industry…

        1. Peter Beddows

          I want to respond to both @le_on_avc:disqus and @donnawhite:disqus here in regard, not so much as to the potential of Wattpad which is clearly tremendous and amazing in terms of the opportunities participation therein offers, but specifically to the issue of encouraging our off-spring to “follow their dream” because that hits a very raw nerve with me.When I was around 15 – many many moons ago – I had just 2 passions: Neither dream was followed – much to my great dismay.The first dream stemmed from having had the benefit of an incredibly great schooling/education in the UK. I sang in the school choir – we broadcast Handel’s Messiah on the BBC – and I played violin in the school orchestra. That early training lead ultimately – to my parents great discomfort and dismay – to playing bass guitar and singing lead in a very popular rock band in the UK around the time that the Beatles had not yet evolved from the Quarry Men (In fact, the Quarry Men opened for us on at least one occasion).Ironically, our manager, the guy who was the original investor and pirate in the Thames Estuary Pirate Radio Station (they made a movie about that) and other circuit managers with whom we were connected, all told us to avoid someone by the name of “Brian Epstein”: They saw him as an unwelcome interloper. As it happens, The Beatles apparently did not get that memo and the rest is history, as they say.Suffice it so say that my family were constantly pressuring me to quit and go back to college saying that “Rock and Roll would never last and could never be a profitable career”. They were particularly disappointed by the performances of Mick Jagger and The Rolling Stones which convinced them “this would never last!” and “The Who” and folks like “Screaming Lord Sutch” did not help my case.That was all happening back in the early 1960’s. Now forward to 1989, and me now in California, the last time that my parents came to visit me and I was chagrined to point out to them that The Stones were actually playing in concert that very weekend here in CA!!! So much for “that will never last”.Today, I miss almost everything about that experience and find myself totally immersed in the experience once again whenever I watch or hear folks like Luther Vandross, Lionel Ritchie, Phil Collins, Michael Jackson, Beyonce, et al.. I have not played or sung in years; I had to quit cold turkey or I would never have had the fortitude to “get educated” for a “career”.That being said, there is no question that success does not come to everyone and many dreams do not provide enough income to support one’s self alone never mind enough to support a family but if, as in the case of at least one of our grandchildren, there is a passion, a dream to be followed, then I believe we should do all we can to facilitate intelligent pursuit of that dream: We have to let the music that is inside us come out.So Donna, “For that reason, and because he shows talent, we’ll let him play it out” I totally support you and your husband in supporting your son. Congratulations upon having the courage and fortitude to be so compassionate and supportive of your children’s dreams.ps: I still have one of our publicity photos somewhere here. My father also remonstrated about all of the (wonderful) lipstick messages scrawled all over our van parked in my parents’ driveway. 🙂 Ahhhh, the memories of lost, what-if, dreams.

    3. Kirsten Lambertsen

      Um, Mom! Why is AVC just now hearing about this? I would love to know how to follow him, if you’re up for sharing 🙂

      1. Donna Brewington White

        Ha! He will not want me to have that info.I could insist since one of the house rules of social media is that our kids allow us onto their accounts. But it is a creative outlet for him that my presence might impede — and I find ways to keep tabs on the general tone of his posts.

  3. Chimpwithcans

    Does a fan fiction novel with 1.3 billion reads earn the author money without Paramount stepping in? I assume it’s a subscription model on Wattpad? Or advertising? It interests me that the old ‘studio’ model still plays such a big part in your blog post and is still such an aspiration. The disruption here is to the A&R divisions clearly, but how else is the old model changing? Where will it lead to re. the old studio model?

    1. fredwilson

      Wattpad is free to the reader and ad supported

      1. William Mougayar

        Don’t they also take a kickback or % when facilitating big contracts that go forward?

        1. creative group

          William Mougayar:Did you freshen up your photo? Are you going Hollywood on us. Is that also a fresh haircut.

          1. William Mougayar

            Yes x 3.

          2. Donna Brewington White

            Haha. Good questions.

        2. Vasudev Ram

          >kickbackWrong term to use, unless you meant it that way? (AFAIK)

    2. Allen Lau

      The Paramount adaptation is only one part of the Anna Todd story. Gallery Books (an imprint of Simon & Schuster) published the After series. What started on Wattpad has now been translated into 32 languages, and the series is an international bestseller in French, Spanish, Italian, German, Portuguese (in Brazil), among other markets. More importantly, Anna’s life has been changed forever and she is able to follow her passion for writing while supporting her family. We love giving Wattpad writers different ways to make money doing what they love.

      1. Donna Brewington White

        Good work, Allen.

  4. William Mougayar

    Very creative spin on their business model’s evolution. This means they have incredible insights into the local, regional and cultural signals and trends, from the ground up. For eg, the flavors of stories in Wattpad Philippines are different from ones coming from France, Vietnam, India, Germany or elsewhere.”With insights on approximately 250 million original story uploads and access to over two million creators, Wattpad is in a unique position to partner with the entertainment industry. Wattpad stories reflect what people love in life, on the screen, and in the depths of their imaginations; and as a result, Wattpad stories are always culturally relevant. With Wattpad Studios, entertainment executives can keep their finger on the pulse of pop culture and also reduce the guesswork involved during the traditional development process.”

  5. William Mougayar

    Does Wattpad Studios act a a “co-producer” of sorts, where they are given a stake in the future financial performance of the movie, in return for facilitating the linkage to production?

    1. Allen Lau

      We created Wattpad Studios to partner with the entertainment industry to co-produce Wattpad stories for other platforms (tv, film, digital, print). These partnerships will drive revenue growth across the company, but the structure of each deal each will vary. Just as importantly, the collaboration with industry will provide the over two million writers who use Wattpad every month access to opportunities to paid work. For example, it was almost unheard of for major brands to commission writers to craft fiction on their behalf, but now leading CPG and entertainment brands are leveraging our Brand Stories offering and writers are getting paid – substantially. The Turner partnership is just one more way Wattpad is helping online writers earn money for doing what they love – telling amazing stories.

      1. William Mougayar

        Cool. Thanks for explaining, Allen!

  6. JamesHRH

    Don’t fit the Wattpad demo and have no experience with it.Seems like it is Youtube for writer, which is enough in and of itself. But, YouTube has sprouted stars….makes sense Wattpad will as well.On the NBA front, I am actually OK with my Ws in 5 prediction not coming to pass. Last night’s Cavs effort was a superlatively athletic performance. Kyrie’s 17 for 24 may be something he never repeats (not a slight, he was otherworldly).Ws in 6 though.

  7. Mario Cantin

    I remember talking to Allen when they were at 7mm, circa 2011. That seems like a yearly average of close to 40% exponential growth.

    1. Allen Lau

      We are signing up one new user every second of the day. Collectively the Wattpad community spends 15 billion minutes a month immersed in original stories. And, our average daily time in app is more than that of Facebook and Twitter combined.

      1. Erin

        I just can’t get over Todd’s 1.3 Billion readers. Isn’t that a sixth of the planet’s population?

        1. Allen Lau

          Just want to clarify – it’s 1.3 billion (chapter) reads, not readers. This is analogous to YouTube “views”.While we don’t have billions of people reading After, we definitely have millions. The traditionally published version of After was one of best selling books last year with millions of copies sold.

          1. Erin

            K yeah that makes a bit more sense, but still, billions of chapter views. Holy! Have any youtube videos been viewed billions of times?

          2. Allen Lau

            As far as I know, Gangnam Style was the first one.https://www.youtube.com/wat…It crashed YouTube – a Y2K-ish problem 🙂 There might be a few more now.

          3. Erin

            Oh yeah, Gangnam Style!

  8. DJL

    Awesome. Disrupting the Amazon hold on publishing and distribution. is there an online version of the NYT “Best Sellers” list?

    1. Chimpwithcans

      No, but i think that is exactly the point.

  9. creative group

    Contributors:Besides the obvious spin on user base (Only a million subscribers verses hundred million accounts or profiles) why in the hell did Microsoft over pay for LinkedIn when there wasn’t a close 3rd for making it a acquisition?Skype hasn’t been a successful acquisition and had a better synergy component.LinkedIn was worth at best 10 Billion and that was a stretch. Why do companies, boards, etc approve spending shareholder money with wreakless abandon.The LinkedIn crew are doing the soul train line.Reid Hoffman just zagged when Microsoft CEO Satya Nadella was zigging. When Microsoft wakes up from this it will already have written this down to offset actual valuation.Disclosures: No position on either company. https://youtu.be/0kiauPQ5cjM

    1. Salt Shaker

      With LI acquisition MS is gonna take on Salesforce, a company with a market cap 2x LI. This isn’t Skype or Nokia, much better database opportunities here where MS is still strong (B2B, enterprise). That said, price did seem steep.

      1. PhilipSugar

        How do you see that??? Interested in your POV. I am deep in this space. Salesforce has been buying any SaaS company that is involved in marketing. Was at their conference in Atlanta last month. LinkedIn is really just a way to post your resume without getting in trouble. Not that it is bad. I know and love the CEO who is a fraternity brother I lived with for two years

        1. LE

          LinkedIn is really just a way to post your resume without getting in troubleYep exactly. What’s funny is that in online dating there is a similar situation. When you start to date someone and then monitor when they take down their dating profile and vice versa. Anyone that I ever dated (and later married) did take down the profile just like I think people change their facebook status to “in relationship” or whatever it says there.Yes Linkedin is different. It actually makes you wonder why companies don’t have the balls to make that a requirement for taking a job. Or less confrontationally offering a bonus to any hire (after they accept) if they take down their profile. Take down, not “I have a job don’t bother me”. Kind of puts them on the spot in a clever way. Of course pc correct millennial coddling companies today wouldn’t have the kahunas to make a request like that for fear of some kind of reputation hit which is all anyone seems to care about.Likewise what’s always been interesting to me (in an old school business way) is how companies of all sizes post the names of all of their employees and pictures on their website. The only reason they do this is because that’s what happened since the beginning of the web so they follow what others do. [1] From a business standpoint, given that keeping good employees is so important, it’s pretty stupid to make it so easy for people to know and poach your staff. Not that there aren’t other ways to do this but you don’t have to be the house with no lock on the door.[1] And yes I think the upside (bring them on) outweighs the downside.

          1. PhilipSugar

            Here is the thing when you are a street fighter you think that way when you work for a big company you think it is their right

        2. bsoist

          LinkedIn is really just a way to post your resume without getting in troublebut it really could be more than that, no?

          1. PhilipSugar

            It’s genius don’t get me wrong. Before LinkedIn if your employer knew you were posting your resume you were in trouble. LinkedIn changed that

          2. bsoist

            Agreed. I have no interest in defending it or anything. I just always thought it could be more than it is. I tend to agree with @Stuartkmarvin – taking on Salesforce t is the strategy here.

          3. PhilipSugar

            I take that back it does allow salespeople to find execs and others to research people

          4. LE

            Well you’ve raised an interesting point though. How secure is linkedin if the main value and revenue is as a recruitment tool?Sure the network is secure. It would be hard for someone to get everyone on a different network.But given history and the way things used to be “you were in trouble” it doesn’t sound like a stretch that the tide could turn and people could stop keeping their resumes up on linkedin if they were employed and it was frowned upon like it was pre-linkedin. A trend like that could happen and have a wall street sized impact on LI earnings.

          5. PhilipSugar

            Recruiting is a huge business. The challenge is as they tried to expand it turned people off. And their stock price took a big hit

          6. Donna Brewington White

            I just closed my recruiter account. Strangely I don’t think they “get” recruiting — or it is more geared toward novices. But don’t get me wrong, having LI as a resource overall dramatically increases the amount of business I can do at any given time. Not so much for their attempts at CRM which suck but for the database.

        3. Salt Shaker

          This is your space Philip, I’m just a speculator panning for gold.Was frankly confused by the acquisition at first. Fully understood LI’s desire, especially at that lofty valuation, but was a bit perplexed by MS’s thinking. The acquisition expands MS’s Office and Dynamics capabilities by delivering enhanced database capabilities. It’s an add-on to their enterprise offerings, w/ expanded CRM potential.From Satya’s internal memo to MS staff: “We are in pursuit of a common mission centered on empowering people and organizations. Along with the new growth in our Office 365 commercial and Dynamics businesses this deal is key to our bold ambition to reinvent productivity and business processes. Think about it: How people find jobs, build skills, sell, market and get work done and ultimately find success requires a connected professional world. It requires a vibrant network that brings together a professional’s information in LinkedIn’s public network with the information in Office 365 and Dynamics.”

          1. PhilipSugar

            That buzzword spewing memo confirms my thoughts. You should be able to say: “With Demandware, Salesforce will be well positioned to deliver the future of commerce as part of our Customer Success Platform and create yet another billion dollar cloud.”

          2. Salt Shaker

            4 months ago MS could have bought Salesfore for roughly a third less than current market cap. LI likely received a price premium based on Saleforce’s current cap.

          3. creative group

            Salt Shaker:The MS deal forces one to realize the business acumen of Reid Hoffmann. He would be the top choice for Chairman of our startup.

          4. creative group

            Salt Shaker:”Think about it: How people find jobs, build skills, sell, market and get work done and ultimately find success requires a connected professional world.”someone needs to inform Satya that people only post resumes for networking and future prospecting. Smart people have Web defined sites for their occupation unless they are day labors or wage workers. Professional’s which LinkedIn attracts isn’t using the site as desired by executives. The million subscribers to LinkedIn reveals that metric. Doesn’t infuse any confidence those intelligent coders and engineers know how to operate a business. The due diligence is common knowledge on the street with Daytraders. Not even inside info. That is what is so astonishing about this acquisition.

          5. Salt Shaker

            LinkedIn has 433M registered members WW, with the bulk (or 30%) in the U.S. Microsoft Office 365 has penetration in 150+ countries WW. MS can help LI grow internationally, while expanding its own capabilities in the CRM space, which Salesforce dominates domestically. “Smart people,” as you say, who have web defined sites for their occupation is a small % of prof biz community.I think this is an interesting play, with risk of course, as is the case w/ any large acquisition.

          6. Vasudev Ram

            So, are you saying the buy is a good idea for MS or not, overall? Not very clear from your comment.

          7. Salt Shaker

            See my comment below. I think it’s an interesting acquisition and has potential.

        4. Donna Brewington White

          Do you use LI at all for bizdev?

          1. LE

            I use LI to qualify leads and size people up that contact me all of the time.LI is also a way when outbound selling to include your link and drop a few names so you are taken more seriously.As far as a network of contacts LI has zero value to me I never use it for that.

          2. PhilipSugar

            I did correct myself as always you are right. But I do think that has hurt them a bit. I changed my email address because of it

          3. Donna Brewington White

            I am not always right. But do not let my husband know.

      2. creative group

        Salt Shaker:There will be some who actually see the benefits of acquiring LinkedIn but at the multiples MS just revealed what they truly didn’t know. Valuations!And note to self: Anyone seeking a job goes to indeed or jobs.com. People only create profiles on LinkedIn to network and establish professional contacts or as a reference verifier. And for 26B LinkedIn better not be a Skype or Nokia. Rooting for MS CEO but the track record/history at MS tells a different story.

      3. cavepainting

        That’s what they are hoping. But salesforce is now firmly entrenched in large enterprise while MS Dynamics is really in SMB / SME. There is potential for sure but lots of open questions as well. They were looking for a big deal that was game changing. LI was the next best thing they could do if buying salesforce was not an option. Twitter is too out of MS comfort zone and consumer vs. professional focused.

    2. PhilipSugar

      I agree. See my comment below on Salesforce. I don’t understand that one

      1. LE

        The market now thinks that other deals like this are possible. Hence twitter jumped on this news. Which is strange because obviously a clear potential in twitter stock was the possibility of acquisition everybody knew that already but now it seems more possible that this deal will spur others on. My guess is that it’s already in process with someone.Your frat brother will probably have a hard time coming to work going forward with a big deal like this completed. I wouldn’t be surprised at all if he left for a different pasture once a deal like this is done things become boring.

        1. creative group

          LE:Now MS acquiring Twitter at right valuation would appear to provide a better stream for future revenue and integration.Reid Hoffman is one smart guy.

    3. Vasudev Ram

      aQuantive was a huge write-off for MS, IIRC.

      1. creative group

        Vasudev Ram:aQuantive was a 6B write off. This will be far worst if this isn’t successful and the people in the bubble can’t see it.Crazy how the smartest people can not realize they are in a bubble of bad decision making. That MS executive team has history to review on bad deals. Can any contributor list MS one acquisition that recoups all the known write offs. Just one! The more we think about it the more unbelievable it becomes.

        1. Vasudev Ram

          >a quantity was a 6B write off.It was called aQuantive, not “a quantity” (though your version certainly sounds appropriate, in the context of all those Bs :)>That MS executive team have history to review on bad deals.People the world over are known to have a history of not learning from history (if you know what I mean :)>Can any contributor list MS one acquisition that recoups all the known write offs. Just one! The more we think about it the more unbelievable it becomes.Precisely. my dear Watson. Not unique to MS though, AFAICT.The thing is, in the corporate (enterprise) world (and in the startup world too), all kinds of unbelievable shit goes on, and a lot of it is taken as normal or innocuous by people who are not looking closely at things or thinking for themselves.

          1. cavepainting

            yes, acquisitions have all kinds of reasons. Executives often end up doing stupid things to manage appearance of growth and hoping for the best case scenario even when the odds are stacked against it. With smaller companies and startups, these decisions can be fatal. When you have tens of billions in cash or paying in stock when your valuation is high, and it is one of the many bets you are making, the consequences are less severe.

          2. creative group

            Vasudev Ram:Spellchecker can work for you or against you. Realize it is aQuantive.

    4. cavepainting

      The acquisition does have potential. In three areas.1) Identity: MS can now allow users to have an identity across multiple productivity apps that is not tied to an employer and can last a professional lifetime.2) Creating a new class of enterprise apps that combine data with business processes: For example, combine data about prospects in LI with lead management in CRM. Or data about potential job applicants with the process of managing recruitment. Or manage marketing campaigns in B2B based on LI data, along with actual execution.3) LI customer base overlaps with the MS customer base for its productivity apps, allowing for deeper integration and cross-sell.They probably overpaid significantly, but may not matter in the long term. MS has $105 B in cash and generates significant cash flow. MS had no presence in social media prior to this and it makes them relevant again as an internet play.The big risk is of course the possibility of people leaving LI in droves. This can happen if they mishandle the acquisition and if there is a viable alternative to fill the void.But.. the salesforce acquisition would have been a better use of money ( even if it cost $60 B) and would have made a substantial difference in terms of growth and revenue. It was not available; salesforce had no real need to sell unlike LI.

      1. Lawrence Brass

        In many ways Microsoft has retreated to its kingdom in the enterprise and corporate world, after the battles lost in the smartphone consumer space. This acquisition seems to reinforce that position and insist in the social business network model, reminds me of Yammer but on another scale.60B cash is staggering, my previous wow acquisition was WhatsApp’s by FB. I guess this type of events is why no one in that league wants to go public. This reinforces delusions like that a 1B valuation is ‘easy’ to achieve.I hope the best for LinkedIn, and wish Microsoft get it right too, too often they give themselves the luxury of big failures, just because they can.

      2. creative group

        cavepainting:Your identity position falls short of reason because if MS didn’t acquire LinkedIn a person would still have the ability to maintain a profile. (Can contributors discontinue with the MS spin regarding a person using LinkedIn to find a job. The majority of professional users create a profile for contacts, networking for future positions and not to find a job. The majority already have a job. There are only one million subscribers out of more than 50 million profiles/accounts. The metrics speak for themselves. There is a lot of wishful thinking in this deal. Spin.) Reid Hoffmann just shows how much he is head and shoulders over Satya.The CRM part is the most plausable argument to have a positive effect on MS bottom line.The productivity overlap is not a good argument to acquire a company. That is useless duplication that will need to be eliminated.Rooting for Satya but reality of past acquisitions tell a entirely different tale. A tale of write downs.

        1. cavepainting

          Hi, your points are all valid. However, I do believe that identity in enterprise IT is a big deal that can increase uptake of new services. It has not worked to date, largely because there is no user appetite to create a new profile.This is the bottom-line. MS has lots of cash and they wanted a game changing deal. They clearly overpaid and there are many risks in realizing the synergies. We will have to see what happens but there is no question that the big winner here is Linkedin and its shareholders.

  10. jason wright

    Is Wattpad about to announce an IPO?

  11. Vitor Conceicao

    This is fascinating. It is very interesting to see those communities opening opportunities to people who would never have the contacts to be noticed by Hollywood. It is doubling interesting because we always hear about the low supply of writers when you actually have a huge number of people who want to write.Good to see Wattpad filling this void.

    1. LE

      opening opportunities to people who would never have the contacts to be noticed by HollywoodCorrect but competition is greatly increased and therefore personal initiative and persistence doesn’t matter as much as in the past (Madonna probably wouldn’t make the cut in today’s creative environment possibly…)

    2. LE

      It is doubling interesting because we always hear about the low supply of writersTo me it appears that there is a large number of people that are “writers” just not enough good paying opportunities for them given the competition and the quality.I think the joke in Hollywood is everyone has a script. Good netflix on this, “Tales from the Script”:http://www.imdb.com/title/t

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  12. pointsnfigures

    Wattpad+Kickstarter+ an open viewing platform and you disrupt all media hierarchy.

  13. Salt Shaker

    Media fragmentation continues to drive a need for content creation, particularly when avail content is both good and cheap. Seems to be a new and good source as Hollywood evolves. Similar deals/exploration by publishers such as Vice, Conde Nast, etc.

  14. Pete Griffiths

    Fascinating. Thanks for this one. Will check it out. Very interested in new content distribution channels.

  15. cavepainting

    Knowing the kind of stories people like and want is a big deal. I wonder if there are similar platforms for short movies or documentaries ?

  16. WA

    All the world is a stage…

  17. Salt Shaker

    Yeah, product integration would seem to make sense where appropriate, but there are inherent risks in co-mingling assets too. USV may want to keep its “powder dry” rather than feel somewhat responsible for screwing up someone’s biz w/ a bad experience. Introductions are fine, but that likely is the extent of USV’s involvement, although my personal belief is that expanding USV’s capabilities in this area has more upside than downside, particularly w/ respect to deal flow.