Big news from Jane Friedman's excellent publishing industry newsletter, "The Bottom Line" (formerly "The Hot Sheet").
Radish is closing at the end of this year
Founded in 2016, Radish is a serialized fiction platform primarily known for romance. Ten years ago, there was market enthusiasm and interest in mobile reading, with numerous companies entering the market: Tapas, Serial Box, Rooster, and Amazon Singles.
However, the market has cooled considerably. Amazon’s Kindle Vella closed in early 2025, Wattpad WEBTOON’s Yonder closes at the end of this month, and now Radish has announced its closure. Authors in discussion groups didn’t seem surprised, given that earnings through Radish had started to drop. But the alternatives that pay writers are slim. Some have mentioned moving their work to Royal Road.
Radish is owned by Kakao Entertainment, the entertainment arm of the South Korean internet company Kakao. It acquired both Tapas and Radish in May 2021 for $440 million and $510 million respectively. (Note that Kakao competes against another South Korean company, Naver, which owns Wattpad WEBTOON.)
Does the closure of Radish mean Tapas is also in danger? It seems unlikely, because the apps appeal to different audiences. Radish’s audience is primarily adult women and publishes erotica and explicit sexual content; Tapas appeals to a younger demographic and is known more for webcomics. Publishers Weekly reported last year that Tapas changed its strategy in 2022 to focus more on Asian markets.