Newspaper article The Canadian Press

Sony Pictures Television Forms Closer Ties with Wattpad Storyteller Platform

Newspaper article The Canadian Press

Sony Pictures Television Forms Closer Ties with Wattpad Storyteller Platform

Article excerpt

Sony forms closer relationship with Wattpad

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TORONTO - The Wattpad social media platform for storytellers, authors and writers is forming a "first-look" relationship with Sony Pictures Television, one of the world's biggest producers of TV programming

Toronto-based Wattpad said Wednesday that it will identify writers on its platform who are likely to appeal to Sony Pictures Television and then act as a liaison between them and the production company.

A similar approach was used with a TV adaptation of the "Death is My BFF" book series by Wattpad author Katarina E. Tonks, whose work is being co-developed by Sony Pictures Television, Stampede Ventures and Wattpad.

Aron Levitz, the head of Wattpad Studios, said in an emailed statement that creators retain the rights to what they've uploaded to the platform, but his company can help them make money from those rights in several ways.

"When we are interested in taking a story to a partner, we first approach the writer to confirm their interest in the process. Once a deal is made, writers receive a fee that is similar or better than industry averages," Levitz said.

He added that Wattpad's success depends on their success "so we always ensure they are fairly compensated."

Under the new first-look arrangement, Wattpad will provide Sony Pictures Television with an exclusive opportunity to assess the work and offer an option fee that buys it more time to advance the project towards production. …

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