Stock Surge: Webtoon Entertainment Experiences Near-Doubling Today
Webtoon Entertainment and Disney Partnership Unveiled
In an exciting move for the comic industry, Webtoon Entertainment and Disney have announced a strategic partnership to bring over 100 comics from Disney brands, including Marvel, 20th Century Studios, and Star Wars, to Webtoon's English-language app. This collaboration also includes the production of new, original webcomics based on these iconic franchises.
Key Details of the Partnership
The partnership will see the adaptation of classic comics, such as Amazing Spider-Man (2022-present), Avengers (2012), Star Wars (2015), Alien (2021), and Disney As Old As Time: A Twisted Tale, to Webtoon's mobile-friendly vertical-scroll format. These comics will be available in a dedicated section on the Webtoon English app, which boasts over 80 million monthly active users.
The first comic to launch under this partnership will be Amazing Spider-Man in late August 2025, followed by other titles like Avengers and Star Wars series. Episodes will follow Webtoon's model, with some chapters available for free and others unlockable via Webtoon Coins.
While specific financial details and exact monetary values of the deal have not been disclosed, it is described as "one of the largest publishing deals Disney has ever done," indicating a significant strategic investment by Disney. This announcement led to a 97% surge in Webtoon's stock price, reflecting strong market approval.
Strategic Implications
This collaboration allows Disney to reach a new generation of mobile-native comic fans while leveraging Webtoon’s extensive user base. It also positions Webtoon as a major digital platform for Disney’s comic IPs.
In the second quarter, Webtoon Entertainment surpassed expectations, reporting adjusted earnings of $0.07 per share, exceeding the average Wall Street expectation of approximately $0.02 per share, and revenue of $348 million, surpassing the top end of management's guidance ranges.
However, the financial terms and launch dates of the partnership are still being finalized.
The partnership is seen as a win-win for both companies, offering Disney a new avenue to engage with audiences and Webtoon an opportunity to boost its revenue growth and nearly breakeven profits.
[1] Webtoon Entertainment Press Release, [Date] [2] CNBC, [Date] [3] The Hollywood Reporter, [Date] [4] Variety, [Date] [5] MarketWatch, [Date]
- This strategic partnership between Webtoon Entertainment and Disney represents a significant investment in the finance sector, as it is one of the largest publishing deals Disney has ever done, potentially boosting Webtoon's revenue growth and nearly breakeven profits.
- The collaboration, which includes the adaptation of iconic franchises like Marvel, Star Wars, and 20th Century Studios into Webtoon's mobile-friendly vertical-scroll format, positions Webtoon as a major digital platform for finance and business in the technology industry.
- In the world of finance, this partnership allows Disney to reach a new generation of mobile-native comic fans while leveraging Webtoon's extensive user base, offering both companies a potential for increased profits and growth in the business and technology realm.
