Wattpad, the online storytelling community whose authors’ works have been turned into Netflix movies, TV shows for Hulu and projects for other studios both in the U.S. and worldwide, announced today a new partnership with Sony Pictures Television. The deal gives Sony a first-look option for up-and-coming Wattpad stories — in other words, a way to snag the next big teen hit that already has a built-in fan base.
Wattpad says it will work with Sony to help it to identify the popular stories on its platform from the half a billion story uploads it has seen to date. The company uses its “Story DNA” machine learning technology alongside human curation to quickly identify the most promising IP and storytellers on Wattpad.
The technology helps deconstruct stories by analyzing things like sentence structure, word use and grammar, with the goal of helping to uncover the next best seller. It’s used today to help identify stories to turn into films, TV shows, books, and other digital projects.
Key to Wattpad’s ability to make these business deals is its online community, which today includes over 70 million monthly users, who spend over 22 billion minutes engaged with its original stories uploaded toRead the rest of this post here