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Hollywood's Next IP Gold Mine: The Rise Of Web Novels

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
As studios and streamers hunt for the next big hit, web novels are emerging as a goldmine of untapped IP, with built-in audiences reaching millions of readers.
The article from Forbes, titled "Hollywood's Next IP Gold Mine: The Rise of Web Novels," discusses the growing trend of Hollywood tapping into web novels as a new source of intellectual property (IP) for film and television adaptations. Web novels, which are serialized stories published online, have gained immense popularity, particularly in Asia, with platforms like Webnovel and Wattpad becoming breeding grounds for potential blockbuster content. The piece highlights how these platforms offer a diverse range of genres and stories that cater to niche audiences, providing fresh narratives that differ from traditional Hollywood fare. It mentions several examples where web novels have already been adapted or are in the process of being adapted, such as "The King's Avatar" and "The Legendary Moonlight Sculptor." The article also explores the challenges and opportunities in adapting these stories, including cultural translation, maintaining the essence of the original work, and the potential for global fanbases to drive viewership. The rise of web novels as a source of IP is seen as a strategic move by studios to diversify content and engage with younger, digitally-savvy audiences.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/damiontaylor/2024/12/12/hollywoods-next-ip-gold-mine-the-rise-of-web-novels/ ]


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