Korean internet conglomerate Naver to acquire Wattpad for US$600M The deal brings Wattpad under the same umbrella as the digital comic publisher Webtoon, with the platforms boasting a combined user base of around 160 million. (Wattpad co-founder Allen Lau pictured.) January 20, 2021
South Korean internet conglomerate Naver, the parent company of digital comic platform Webtoon, is to acquire Wattpad in a cash-and-stock transaction valued at more than US$600 million.
The acquisition brings together two entities with vast user engagement – Wattpad has a global community of around 90 million users, while Webtoon claims around 72 million monthly active users – with the goal of collaborating to “create a stronger and connected ecosystem across visual and textual storytelling content,” said press release announcing the dea
Christina Miller was a top Turner Broadcasting exec.
She most recently led Turner s kids and young adults networks as president of Cartoon Network, Adult Swim, and Boomerang for five years. She took on oversight of Turner Classic Movies during that time, as well.
She helped build shows like Rick and Morty, Steven Universe, and Adventure Time into blockbuster franchises during her run there, which ended in late 2019.
Over her 15 years at Turner, Miller was also digital manger of the NBA digital portfolio and senior VP in charge of Turner Sports marketing programming an strategy. She started her career at the company at Cartoon Network, where she built the network s first global consumer products business.
Roy Kim Positive Action Inc. an education and technology company for evidence-based social and emotional learning programs and content, announced the appointment of Roy Kim as Chief Financial Officer. Kim brings more than 20 years of experience in the technology, media, and telecommunications sector. Leveraging his prior knowledge as an investor, investment banker, strategy consultant, and operating executive, he will oversee all financial aspects of the company, including strategic planning, financial planning and analysis, investor relations, financial reporting, accounting and control, tax, treasury and capital markets. He will report to the company's CEO, Alex Allred. Most recently, Kim served as chief operating officer and chief financial officer of 451 Media Group, a New York City-based digital media company. Prior to 451 Media, he was an investor and investment banker at The Raine Group, a merchant bank focused on the technology, media and telecommunications sectors. Earlie
This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Big media s massive restructurings and pandemic-driven business troubles thrust experienced talent in the TV and film industries onto the job market last year.
Business Insider identified 24 respected TV, film, and streaming-video execs on the market who are adept at navigating the shifting media landscape.
The list, based on our reporting and nominations we received, includes industry veterans and rising stars, such as Blair Rich, Kay Madati, Jane Wiseman, Steve Pamon, Kevin Reilly, and more.
2021 has kicked off with some big executive moves.
Univision hired ad-sales veteran and former WarnerMedia exec Donna Speciale, studio Warner Bros. named former Universal exec Josh Goldstein as its marketing chief, Masterclass brought in former Disney streaming exec Vanna Krantz as its CFO, and Ava DuVernay s Array expanded it executive team.
Share this article
Share this article
NEW YORK, Dec. 17, 2020 /PRNewswire/ Marquee Raine Acquisition Corp. (the Company ) (Nasdaq: MRAC U) today announced the closing of its initial public offering of 37,375,000 units, which includes 4,875,000 units issued upon the exercise of the underwriters overallotment option, which was exercised in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share. The units are listed on the Nasdaq Capital Market under the symbol MRAC U . Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols MRAC and MRAC WS, respectively.