Publishing
Wattpad has formed ties with publishing houses to try and help Wattpad authors to receive compensation for their works. A new branch, Wattpad Studios, was developed to connect popular writers to both the publishing and film industries.
Wattpad has, in the past, teamed up with publishing groups such as Sourcebooks to help Wattpad authors receive book deals, and get their work into hard copies. More traditional publishing houses such as Random House and HarperCollins have approached popular Wattpad writers to negotiate publishing deals, allowing the website to serve as a springboard into the more traditional publishing industry.
Author Anna Todd, whose work After has received over a billion reads on the site, was given as publishing deal with Simon & Sheuster to turn her online work into a multiple-book published saga, and Paramount purchased rights to the story to develop a film based on the novels.
