Overview

• WEBTOON disclosed a non-binding term sheet with Disney for a 2% equity interest tied to building a consolidated digital comics service.
• The proposed platform would aggregate more than 35,000 comics from Marvel, Star Wars, Disney, Pixar, and 20th Century Studios under a single subscription.
• Shares reached an intraday high of $21.32 and closed up 39.04% at $20.80, setting a new all-time high.
• The arrangement builds on a multi-year collaboration that reformatted nearly 100 titles for WEBTOON’s vertical-scroll format.
• The plan remains preliminary and no launch date has been set as WEBTOON develops the app and back-end infrastructure.