I'm only seeing this now: "Wattpad’s Development Fund will back early-stage development for select TV and film projects, starting with two of its buzziest titles." https://www.fastcompany.com/90504856/it-discovered-kissing-booth-after-now-wattpad-ramping-up-hit-factory

This was bound to happen: @wattpad has access to literaly billions of data points on what literary content is worth turning other full-on media franchises

Wrote about this last year https://recreations.substack.com/p/how-wattpad-is-building-the-next-entertainment-giant

Every year, it's integrating more of the value chain.

Connecting writers with agents and publishers => Wattpad Books

Working with production companies => Wattpad Studios

Now the Development Fund will let it go upstream and capture even more of the upside

If I may say so myself - this thread is a good primer on the company's strategy https://twitter.com/max_eyr/status/1206622142026129408