SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 6.3% Stake in WEBTOON ENTERTAINMENT INC
Ownership Disclosure
FMR LLC and its Chief Executive Officer, Abigail P. Johnson, have jointly disclosed a beneficial ownership of 6.3% in WEBTOON ENTERTAINMENT INC's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, its Director, Chairman, and CEO, have filed a Schedule 13G indicating beneficial ownership of WEBTOON ENTERTAINMENT INC's common stock.
- As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 8,034,524 shares of WEBTOON ENTERTAINMENT INC common stock.
- This aggregate amount represents 6.3% of the total outstanding common stock of WEBTOON ENTERTAINMENT INC.
- FMR LLC holds sole voting power over 8,034,218 shares and sole dispositive power over 8,034,524 shares.
- Abigail P. Johnson holds sole dispositive power over 8,034,524 shares, with no sole or shared voting power directly attributed to her in this filing.
- The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual ownership disclosure filing that does not contain performance or forward-looking statements.
Future Outlook
NA
Industry Context
This filing is a standard disclosure by a significant institutional investor, FMR LLC (Fidelity Management & Research), and its principal, Abigail P. Johnson, indicating their passive ownership stake in WEBTOON ENTERTAINMENT INC. It reflects a routine portfolio holding rather than a strategic industry move or competitive action.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | The filing details that Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and that members of the Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares (49% voting power). They have a shareholders' voting agreement, forming a controlling group with respect to FMR LLC. | NA | Provides transparency into the ultimate control and ownership structure of the reporting entity, FMR LLC, which is a significant shareholder in WEBTOON ENTERTAINMENT INC. |
Related Party Transactions
- Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC, and a predominant owner of FMR LLC through the Johnson family, is filing jointly with FMR LLC, indicating a related party relationship in their beneficial ownership of WEBTOON ENTERTAINMENT INC.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity.
- Management: Awareness of a large, passive institutional holder, though the filing explicitly states no intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (reporting period end date). |
| 02/11/2025 | Date the Schedule 13G was signed and filed. |
Keywords
WEBTOON ENTERTAINMENT INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Institutional Investor
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.