Webtoon stock jumps over 37% in premarket after Disney unveils stake plan and comics platform

Core Viewpoint - Shares of Webtoon Entertainment experienced a significant increase following Disney's announcement to acquire a minority stake in the company and collaborate on developing a new digital platform [1] Company Summary - Webtoon Entertainment is a South Korean storytech company that focuses on digital content [1] - The acquisition by Disney indicates a strategic partnership aimed at enhancing Webtoon’s platform and expanding its market reach [1] Industry Summary - The digital content industry is witnessing increased interest from major players like Disney, highlighting the growing importance of digital storytelling and content consumption [1] - The collaboration between a traditional media giant and a digital content provider reflects the ongoing trend of convergence in the entertainment industry [1]