Webtoon Entertainment is embarking on a significant collaboration with Disney to launch an entirely new digital comics platform, signaling a strategic expansion in the digital content landscape. This initiative is underpinned by a non-binding term sheet that also includes Disney's planned acquisition of a 2% equity interest in Webtoon Entertainment.The new platform, which Webtoon will build and operate, is designed to consolidate a vast archive of over 35,000 digital comics from Disney's expansive portfolio. This includes iconic titles from Marvel, Star Wars, Disney, Pixar, and 20th Century Studios, bringing a unified digital home for these stories for the first time. The platform will feature both traditional and vertical formats for current comic runs, archived content, and original stories, aiming to broaden accessibility and appeal.A key aspect of this partnership involves integrating the new platform with Disney+. Subscribers to Disney's streaming service will gain access to a curated selection of comic titles within the new app at no extra charge, leveraging the 'Disney+ Perks' program to enhance subscriber value and potentially introduce Webtoon's digital comic experience to a wider audience. Furthermore, Webtoon plans to localize select comics for its Korean and Japanese platforms, extending the global reach of Disney's intellectual property.Webtoon Entertainment, a global entertainment company and pioneer in mobile webcomics, boasts approximately 155 million monthly active users across its ecosystem, which includes Wattpad, Studio N, and LINE Manga. This collaboration with Disney builds on a previous multi-year partnership that saw nearly 100 reformatted classics and new original series adapted for Webtoon's vertical-scroll format.Josh D'Amaro, Chairman, Disney Experiences, stated that uniting the comic collections provides "unprecedented access to the adventures they love - all in one place." He added that the expanded relationship with Webtoon opens doors to new audiences and deepens fan engagement. Junkoo Kim, Founder and CEO of Webtoon Entertainment, highlighted the opportunity to combine Webtoon's product and technical expertise with Disney's comic catalog, delivering a new way for fans to discover characters and stories. Kim noted this represents a "powerful next step for our growing global business, and a strong foundation for even greater collaboration with Disney in the years ahead."Disney's planned 2% equity investment in Webtoon, valued at approximately $33 million based on Webtoon's current market capitalization, reflects a strategic alignment beyond a commercial partnership. This investment, alongside the platform development, remains subject to definitive agreements and customary closing conditions., Walt Disney Co. is bringing all of its marquee comics to a new digital platform and app in partnership with Webtoon Entertainment Inc., sending shares of the upstart company soaring., WEBTOON Entertainment and Disney previously announced a multi-year collaboration featuring nearly 100 reformatted classics and all-new original series tailored for WEBTOON’s vertical-scroll format..