---
schema_version: "secwatch.filing_event.v1"
accession: "0001997859-25-000107"
form_type: "8-K"
ticker: "WBTN"
cik: "0001997859"
company_name: "WEBTOON Entertainment Inc."
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:40:43.242688+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Disney and WEBTOON to create new digital comics platform; Disney to acquire 2% stake in WEBTOON

## Summary
- Disney and WEBTOON sign non-binding term sheet for all-new digital comics platform featuring over 35,000 comics from Marvel, Star Wars, Disney, Pixar, 20th Century Studios.
- Disney to acquire a 2% equity interest in WEBTOON Entertainment; definitive agreements and customary conditions required.
- Disney+ subscribers will receive curated access to select comic titles at no additional charge as part of subscription.
- Platform will combine vertical and traditional formats, built and operated by WEBTOON; expands prior collaboration of nearly 100 titles reformatted for WEBTOON.
- Proposed transactions subject to definitive agreements and closing conditions; no financial terms disclosed for the investment.

## SEC filing metadata
- accession: 0001997859-25-000107
- form_type: 8-K
- ticker: WBTN
- cik: 0001997859
- company_name: WEBTOON Entertainment Inc.
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1997859/000199785925000107/0001997859-25-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1997859/000199785925000107/wbtn-20250915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001997859-25-000107
- JSON: https://secwatch.observer/filing/0001997859-25-000107.json
- Plain text: https://secwatch.observer/filing/0001997859-25-000107.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.