Several Korean news outlets, including MoneyToday, are reporting that entertainment giant Kakao plans to shut down Tapas, the North American webtoon platform it purchased in 2021.
Kakao has not released any details yet on this themselves, either on the Tapas site or in their corporate newsroom, leaving many creators and subscribers with questions. The news follows the shutdown of Radish, a U.S.-based web novel site the company also purchased in 2021.
The shutdown comes as Kakao Entertainment is undertaking a broader restructuring of its story businesses. The company has announced plans to consolidate two of its platforms, KakaoPage and Kakao Webtoon, into a single platform by the end of the year.
I’ll add more details on Kakao’s plans for shutting down the site once they release them. “Developing,” as they say.
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