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Genius Brands International (NASDAQ: GNUS) has launched a joint venture with Stan Lee's POW! Entertainment to create the Stan Lee Universe. This venture will hold worldwide rights to Stan Lee's name, likeness, signature, and his intellectual properties indefinitely. The venture aims to exploit over 100 original properties, with plans to develop about seven new projects annually. Andy Heyward, CEO of Genius Brands, emphasized the unparalleled value of this asset, likening it to discovering unreleased songs by The Beatles. The company is set to monetize this rich intellectual property across various platforms.
Genius Brands International (Nasdaq: GNUS) has announced an online portal for its investor conference call, scheduled for July 6, 2020, at 10AM EDT. This decision comes in response to significant interest and anticipated high call volume. Investors are encouraged to listen online through the provided link. An audio replay of the call will be available afterward in the Investors section of the company’s website.
Genius Brands International (Nasdaq: GNUS) has reached an agreement with senior secured convertible noteholders to pre-pay $4 million and convert $13.75 million of debt into equity. This early conversion eliminates the company's debt, leaving it with $55 million in cash. The move enhances its balance sheet, positioning the company for growth in children’s media, especially with the upcoming launch of Stan Lee's Superhero Kindergarten, co-produced with Alibaba. Genius Brands aims to strengthen the Kartoon Channel! as a leading children’s broadcaster.
On June 15, 2020, Genius Brands (Nasdaq: GNUS) announced that Arnold Schwarzenegger will receive warrants to purchase shares as compensation for his role in co-producing the animated series Stan Lee's Superhero Kindergarten. The series, premiering in 2021 on Amazon Prime, aims to educate children on health and diversity through superhero adventures. Co-produced with Alibaba and POW! Entertainment, this partnership highlights the potential for long-term value creation for Genius Brands. The company continues to expand its children’s media portfolio.
Genius Brands International (NASDAQ: GNUS) has announced the launch of its Kartoon Channel!, a free digital platform set to debut on June 15. The channel will reach over 100 million U.S. TV households and 200 million mobile devices via multiple platforms including Amazon Prime and Roku. Initial content includes 1,000 episodes of family-friendly programming, with an additional 3,000 episodes in production. The launch team features industry veterans like Margaret Loesch and David Neuman, backed by a content code ensuring safe viewing for children.
Genius Brands International (NASDAQ: GNUS) is set to launch Kartoon Channel! on June 15, 2020, aimed at enriching children’s entertainment with positive messages. The company appointed industry veterans Margaret Loesch as Executive Chairman and David Neuman as Chief Content Officer, enhancing the channel's programming. With access to over 100 million U.S. TV households and 200 million mobile devices, the AVOD model is poised to attract significant advertiser interest as children’s media viewership rises during the pandemic.
Genius Brands International (NASDAQ:GNUS) appointed Margaret Loesch as Executive Chairman of Kartoon Channel!, launching June 15, 2020. Loesch, renowned for her leadership in children's media, is joined by former Disney executive David Neuman as Chief Creative Officer. The channel aims to offer quality, family-friendly content for free, potentially attracting a significant audience across 100 million U.S. households and 200 million mobile devices. This strategic move is anticipated to enhance viewer engagement and advertiser interest.
Genius Brands International (NASDAQ: GNUS) announced a securities purchase agreement for the sale of 7.5 million shares of common stock at $1.20 per share, totaling gross proceeds of $9 million. The funds will be utilized to enhance the new digital network, Kartoon Channel!, launching on June 15, support production of Rainbow Rangers episodes, and reduce outstanding debt. The offering is registered under a prospectus supplement in accordance with SEC regulations.
Genius Brands (NASDAQ: GNUS) announced the launch of its new Kartoon Channel!, a free, ad-supported platform available in over 100 million U.S. households and 200 million mobile devices, set to go live on June 15. Described as a 'Netflix for kids', it offers a variety of educational and entertaining shows. Additionally, the company will release Rainbow Rangers toys in Walmart this August and is raising cash to enhance content and marketing for Kartoon Channel. This surge of activity has resulted in rising share prices, signaling investor enthusiasm.
Genius Brands International (NASDAQ: GNUS) has successfully raised $8.2M through securities purchase agreements, comprising $2.8M and $5.4M in common stock. The funding will support the production of additional Rainbow Rangers episodes and fund the launch of Kartoon Channel!, scheduled for June 2020, targeting over 100M households. The company is also advancing Stan Lee's Superhero Kindergarten, set for a 2021 debut on Amazon Prime, with backing from Alibaba. CEO Andy Heyward expressed confidence in the company’s growth potential amidst increased demand for children's content during and post-COVID.