Disney partners with Webtoon for a digital comics platform. The platform will feature over 35,000 titles, enhancing Disney's IP. Disney acquires a minority stake in Webtoon, boosting investor confidence. Webtoon’s stock increased by 37% following the announcement. The partnership could widen Disney’s audience in the digital space.
Disney to acquire 2% stake in Webtoon, boosting collaboration. New platform to centralize Disney comic franchises under a single subscription. WBTN shares surged 30% in premarket trading following the announcement. Partnership viewed as a strategic growth opportunity by Webtoon’s CEO. Collaboration aligns with positive trends in both Disney and Webtoon shares.
WBTN stock surged 38% after strong earnings report. A new deal with Disney will feature Marvel and Star Wars comics. Webtoon reported a surprise profit of 7 cents per share. Revenue climbed 8.5% to $348.3 million, exceeding expectations. Shares have tumbled 55% since its IPO in June 2024.