Overview

• The companies agreed to develop a single subscription service that aggregates more than 35,000 comics across Marvel, Star Wars, Disney, Pixar and 20th Century Studios.
• Webtoon Entertainment will build and operate the app as an expansion of Marvel Unlimited, combining vertical-scroll and traditional comic formats.
• The platform will include select Webtoon Originals and new series, with portions localized for readers in Korea and Japan.
• Disney+ subscribers will get a curated selection of titles at no additional cost through the Disney+ Perks program.
• A non-binding term sheet includes a proposed 2% Disney equity stake in Webtoon, with both the platform deal and investment subject to definitive agreements; Webtoon shares surged after-hours by about 58% and jumped more than 25% in early trading, according to multiple reports.