11 / 46
Apr 2021

keep your eyes on the agreements you signed in the beginning so you don't find you're suddenly signing over control of your stories etc. I would assume (that's a good way to get in trouble) that they would inform everyone of changes but...

ToT I like Tapas how is it rn and I love Tapas staff I dont want it to be replaced or they be forced to work under different policies ;____; and for my works Im not worried since Im a noob here yet, but yes its worrysome

Dang... I can't say that I'm happy about this. I hope they don't make huge changes to this platform because I really like how it is right now.

The news definitely sucks but with one foot out the door I feel like all i can really do at this point is wait and watch before planning any next moves

The potential for outcomes seems too many to really know for sure what to do or what'll happen but it's..idk nerve wracking I guess... :disappointed_relieved:

The second any creator catches a whiff of that, I expect an exodus and many locked and deleted threads for damage control.

It's going to suck to port everything over but man It's going to be glorious to watch!

Hi All,

here is a statement from our CEO regarding this article:

Dear Tapas Community,

Please disregard the false information about Kakao taking “command over” Tapas Media. It is a speculative article from an unknown source. It is true that Tapas has been engaged in communication with multiple parties, including Kakao, about investment and/or possible other strategic relationships, but at this time nothing is confirmed. As a fast-growing company, Tapas continues to seek funding opportunities. Regardless of what happens on the fundraising side, Tapas is fully committed to serving our creators and users and we continue our commitment to that goal.

Best,
CK

It is not the funding of Tapas that is an issue with this article. Regardless of who wrote or translated it + backed it up with investment facts, it is the sole point that the statement "Kakao Corp. will buy additional shares and secure management right in U.S. web comic publisher Tapas Media Inc. by the end of the month to bolster contents portfolio and value of its entertainment platform" is seemingly scourced directly from Kakao Corp. itself.

Which only makes me question why they would bolt out such a statement if it was nothing but a bluff.

Having lived in S.Korea I have seen how corporations eat each other up to gain power with no regards nor concern for those involved.

I'm only voicing this out of concern as I as a creator am terrified of the consequences that this could have for everyone on the platform.

Noise control is important but please allow us to voice our feelings on the matter too. This platform holds a lot of sentimental value for many and the last thing anyone would want is to loose it to an acquisition in the name of money and power.

If this article is indeed nothing but a hoax, then I only hope the team has the support it needs to deal with it, because it's not fair play to gaslight, no matter how big of a company they are.

Sincerely :four_leaf_clover:

One possible positive I can see is that "The Beginning After The End" might get an anime.

One more reason to keep a wary eye on the ToS for posting here. Tapas already has an iffy track record regarding creator rights, what with the 'right of first refusal' debacle, not to mention taking IP rights to premium series. One sniff of them having any hold over the IP of non-premium series, and I can't see any knowledgeable creators staying.

There is no real need to keep a wary eye on ToS. Any updates are widely announced to creators and happen approximately every 6 months. Given that my team is responsible for content guidelines, those changes won't include clauses regarding licensing or IP rights. Independent creators will continue to keep all rights to their own series, as they have in the past.

What worries me about this is that the platform will become even more imported / translated premium stories centered and there'll be even less space for english and free ones to be featured and grow.

Well if there is a marked, they will keep us. (Or someone will start a new site for that marked)
Who knows?

Tapas has always been pretty good compared to all their competitors as far as contracts and creator rights go, so while I'm usually the one shouting "platforms aren't your friends!" from the rooftops, in this case I'm inclined to trust that Tapas probably wouldn't suddenly change the terms of IP ownership, and if they had to due to a merger with really harsh terms, they'd likely give us a heads-up, not least because they'd need to change the terms of all the contracts they currently hold with premium creators to do so (which would require them to re-sign every one of them). I don't think Tapas would have a huge amount to gain financially through suddenly claiming rights- never mind exclusive rights- to every comic and novel on the platform, including ones that'd lead to fights with other platforms and creators needing to remove their work, so I can't see why it'd be worth the negative backlash.
I'm inclined to think they're too sensible to do anything like that.

It's not that I lack trust in Tapas, specifically. I keep an eye on the ToS of all the comic sites I post my IP on, I think it's good practice.

I suppose I'm just quite wary, after learning what happened with those creators sucked into the Tokyopop vortex a decade or so back. Webcomics may be ascendant now, but that won't last forever, and we may find ourselves in a very similar position to manga at the time. Stakeholders in desperate positions sometimes implement desperate changes, even against the best advice.

Any possibility of the sort would be many years away, I can't see webcomics slowing down any time soon. And, most likely, nothing bad will happen. But I encourage fellow creators to be alert, just in case, as things don't stay static forever.

As somebody who was a finalist in the last ever Tokyopop UK Rising Stars of Manga and knows a few people who won and pitched etc. I would reassure you that Tapas' terms are nothing at all like TP's. Tokyopop's contracts did actually include clauses where the artists signed all rights to not only their work, but also the IP to TP as part of their contracts. It wasn't suddenly thrust on them out of nowhere, they signed up with those terms because at the time, TP was one of the only publishers that would sign original manga style creators outside Japan. The creators assumed that when TP went bust, they would get their IP back, but were shocked when the company refused to even sell them.
Tapas has made us sign and agree to no such contract, and if they DID change the terms of use for the site, they would require us to agree to new terms & conditions.

I can completely understand why you feel concerned, but having actually lived through the Tokyopop crash and having friends who were directly affected by it, I assure you, this isn't the same. It's good to always keep an eye on agreements where IP is concerned, but it would be pretty much impossible for a change like that to come out of nowhere. TP had horrible agreements (I know, I had to sign one when I entered the rsom) and then acted very unreasonably after taking advantage of naive young creators with no other publishers to go to.

@ratique

With Kakao openly controlling 40.4%. of Tapas shares, is the CEO's statement meant to assure us they control and plan to continue holding the majority of shares off the trading market?

There are a bunch of articles out there right now about this. With in the past few days things are moving quickly. There are also some fairly deep rabbit holes. I'm ordering pizza and following this saga. Every time I go online there's a new article or new information about Kakao Page, Kakao entertainment, etc.

This is from January: https://www.prnewswire.com/news-releases/launch-of-kakao-entertainment-through-strategic-merger-of-kakao-page-and-kakao-m-301213691.html2

I read a bunch of articles last night...couldn't find anything referencing how much stock Tapas retained.

Obviously, Kakao believes there's an ability to purchase at least 10.6% more stock based on repeated reports. If Tapas makes a statement saying 51% of market shares are held in reserve, it would be a bigger confidence boost in terms of corporate control than a blanket denial of fiscal reports.

That's why I am asking.