TORONTO--(BUSINESS WIRE)--Wattpad, the global multiplatform company for original stories, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.
The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s Most Innovative Companies list features 434 businesses from 39 countries.
“In an era when entertainment is quickly evolving, we’ve maintained a clear vision: to entertain and connect the world through stories,” said Allen Lau, CEO & co-founder, Wattpad. “We’re thrilled to be included in this year’s list of the World’s Most Innovative Companies, which recognizes both our vision and the amazing global community of readers and writers who have contributed to our success.”
Wattpad’s recognition on the 2020 list of Most Innovative Companies follows a year of growth and international entertainment acclaim. In 2019, Wattpad’s global community grew to more than 80 million people, and the company launched a number of new monetization initiatives to help diverse writers make money on the platform. Wattpad’s place as the world’s leading platform for writers was also recognized by Apple last year as a driving force of the App Trend of 2019 - Storytelling.
Wattpad has also seen enormous entertainment success around the world, with international entertainment deals with the biggest studios across North America, Europe, Southeast Asia, and Latin America. To date, nearly a thousand Wattpad stories have been published as books, or turned into TV shows, films and digital media projects. The company currently has 50 TV and film projects in development, including TV adaptations of the international hit Wattpad stories She’s with Me and The Last She, which Wattpad is developing with Sony Pictures Television.
In 2019, Wattpad’s film After won a People's Choice Award for Best Drama Film, three Teen Choice Awards, and was one of the top grossing indie films of the year. Wattpad, AwesomenessTV and Grammnet produce the Emmy-nominated Hulu series Light as a Feather. And Netflix’s international sensation The Kissing Booth began as a Wattpad story. In 2019, Wattpad also launched a publishing division, Wattpad Books.
Fast Company’s editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company’s Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
Wattpad’s vision is to entertain and connect the world through stories. Using the power of community and technology, the global multiplatform entertainment company is unleashing the full potential of stories to the world -- in any format. Wattpad’s flagship app is the world’s leading social storytelling platform, home to a community of more than 80 million people who spend over 23 billion minutes a month engaged in original stories. Wattpad’s Story DNA Machine Learning technology allows the company to understand and discover stories among the more than half a billion uploads that have been written on the platform. Wattpad Studios and Wattpad Books are transforming entertainment and publishing, using data-backed insights to turn Wattpad stories into books, films, TV shows, and digital projects. Wattpad Brand Partnerships offers a full suite of advertising products to help brands build deep engagement with Gen Z consumers. The company is proudly based in Toronto, Canada. Learn more at: company.wattpad.com.
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