Welcome to our dedicated page for Kartoon Studios news (Ticker: TOON), a resource for investors and traders seeking the latest updates and insights on Kartoon Studios stock.
Kartoon Studios Inc. (NYSE American: TOON) is a global leader in the creation, production, distribution, and licensing of branded animated entertainment properties. Headquartered in Beverly Hills, California, the company specializes in content catering to children and families. Their portfolio includes popular shows such as Stan Lee's Superhero Kindergarten, Shaq's Garage, Rainbow Rangers, and the Netflix Original Llama Llama. Kartoon Studios is committed to delivering high-quality, safe, and family-friendly programming across multiple platforms.
Kartoon Studios operates the highly acclaimed Kartoon Channel!, which has become profitable and achieved impressive domestic penetration, reaching nearly 100% of U.S. television households. The channel offers a wide array of content, including original shows and animated classics, available on platforms such as Apple TV, Roku, Amazon Fire, and more. Its app boasts high user satisfaction, reflected in a 4.9 out of 5 stars rating in the Apple App Store.
Recent business milestones include a partnership with VeVe for exclusive Stan Lee digital collectibles, expansion into international markets, and the introduction of a new AI toolkit named GADGET A.I., aimed at enhancing content production and distribution efficiency. The company also boasts a robust digital presence through Frederator Network on YouTube, with billions of annual views.
Financially, Kartoon Studios has demonstrated strong performance, with significant revenue growth and profitability in its streaming services. The company maintains a healthy balance sheet with no long-term debt, further underlining its robust financial health.
Overall, Kartoon Studios continues to expand its global footprint and remains at the forefront of delivering engaging and safe children's content. For more information, visit www.kartoonstudios.com.
Kartoon Studios (NYSE American: TOON) announced the launch of 'Kidaverse Roblox Rumble', a competition series based on the popular Roblox game, set to premiere this Fall on Kartoon Channel. The third season will have a global launch in over 60 territories, including North America, Asia, Europe, and The Middle East.
The show features six young gamers competing in custom-made Roblox challenges, with prizes including iPhones, iPads, custom Nike shoes, and a PlayStation 5. Hosted by Frankie Vu, the series taps into Roblox's massive audience of over 30 million daily players.
Paul Robinson, president of Kartoon Channel Worldwide, highlighted the show's success and enhanced features for the third season, emphasizing its alignment with Kartoon Studios' 'Content with a Purpose' promise.
Kartoon Studios (NYSE American: TOON) and LiveOne (NASDAQ: LVO) have announced a partnership to create three custom audio and video channels. The collaboration aims to deliver tailored entertainment experiences across multiple platforms, targeting different age groups:
1. Baby Genius: For children aged 2-8, offering engaging content for early childhood entertainment.
2. Stan Lee Presents: Targeted at kids and teens 8+, featuring superhero-related music and content from the Stan Lee Universe.
3. Cartoon Hangover: Designed for teens 15+, providing edgy, original animation content combined with popular music.
The channels will be distributed through both companies' existing platforms, reaching over four million LiveOne members, including on the Tesla Streaming Music App. The rollout is scheduled to begin in Fall 2024.
Kartoon Studios (NYSE American: TOON) has launched the second season of Shaq's Garage, titled 'Maximum Horsepower', on its Kartoon Channel! streaming platform. The animated series, starring Shaquille O'Neal, is available across multiple streaming services and devices. The first season significantly boosted subscriber growth, revenue, and profitability for Kartoon Channel!
Additionally, Kartoon Studios announced plans to release Baby Shaq, a nursery rhyme series, in Q4 2024. This spin-off aims to extend the franchise's appeal to preschool audiences. The company's president, Todd Steinman, expressed excitement about continuing their partnership with Shaquille O'Neal and delivering engaging, value-oriented content for their audience.
Kartoon Studios (NYSE American: TOON) has released a business update for Q2 2024, highlighting significant growth and improved financial performance. Key metrics include:
- 120% growth in Amazon Prime subscribers
- 39% decrease in direct operating costs vs. Q2 2023
- 61% reduction in net losses compared to Q2 2023
- Revenue of $8.4 million, up 38% from Q1 2024
- Expansion to 69 countries globally
- $30 million non-dilutive JV financing for production
The company's 'Three Pillars' strategy focusing on Kartoon Channel!, Stan Lee Universe, and Winnie-the-Pooh is driving growth. CEO Andy Heyward expressed confidence in achieving sustained growth and profitability by 2025.
Kartoon Studios (NYSE AMERICAN: TOON) reported a successful rollout of Stan Lee Universe activations at the 2024 San Diego Comic-Con. Highlights included:
1. Debut of -edition apparel and digital collectibles from Multiverse Clothing and VeVe
2. Signings with celebrated pop culture artists
3. "Stan Lee: The Next 100 Years" panel featuring industry experts
4. Exclusive Stan Lee trailer premiere
The event showcased Stan Lee's enduring popularity, with fans lining up for merchandise and panel attendance. VeVe reported strong initial sales and positive fan reactions. Kartoon Studios CEO Andy Heyward emphasized Stan Lee's continued influence in pop culture, citing recent Marvel film developments and his 20 million social media followers.
Kartoon Studios (NYSE AMERICAN: TOON), VeVe, and Multiverse Clothing Company Inc. have launched the first-ever line of Stan Lee -edition 'phygital' collections during San Diego Comic-Con. This innovative collaboration blends fine art with smart fashion, featuring original artwork from renowned artists Rob Prior, Burton Morris, and Bill Sienkiewicz.
The collection includes digital collectibles and -edition apparel such as hoodies ($99), suede bomber jackets ($149.99), and leather jackets ($250). Purchasers of the apparel items can redeem two digital collectibles on VeVe, including a Gold and Silver King of Cameos Stan Lee Chibi style digital collectible and a corresponding Stan Lee Fine Art digital collectible. Each apparel piece also contains an Easter Egg unlocking access to Stan Lee Universe Exclusive Drop 2, featuring 60 artist-signed physical portraits.
Kartoon Studios (NYSE American:TOON) has partnered with LiveOne, Inc. (NASDAQ: LVO) to produce, publish, and distribute original music for the upcoming Winnie-The-Pooh megabrand. This collaboration is expected to drive significant revenue, building on the franchise's $80 billion retail sales history. The partnership includes:
1. Production of music for Kartoon Studios' Winnie-the-Pooh films and series
2. A feature film, 'A Hundred Acre Christmas,' premiering on December 24, 2025, via Amazon Prime Video
3. Five holiday specials and a 104-episode animated series
4. A global retail program launch concurrent with the holiday movie debut
The project is supported by a $30 million non-dilutive production financing led by Catalyst Venture Partners, aiming to capitalize on the franchise's enduring popularity and potential for music royalties.
Kartoon Studios (NYSE American: TOON) announces the expansion of Kartoon Channel Worldwide, now available in 57 territories with an audience reach of approximately 1.6 billion people. The channel has launched a fully dedicated 24/7 service on Link Net in Indonesia, the world's 4th largest territory, reaching a potential audience of nearly 300 million.
The channel offers a diverse mix of high-quality children's series and movies, including Kartoon Studios' originals and licensed classic content. This expansion follows the recent news of Kartoon Channel's profitability and paid subscriber growth in the U.S., with a 120% surge in paid subscribers on Amazon Prime Video from June 2023 to June 2024.
Kartoon Studios (NYSE American: TOON) reports positive trends for Kartoon Channel! in Q2 2024, continuing gains from 2023 and Q1 2024. Paid subscribers on Amazon Prime Video have surged by 120% year-over-year from June 2023 to June 2024. The platform is now carried on 16 platforms in the US and aims to become the 'Netflix for Kids'.
Kartoon Channel! achieved breakeven by the end of 2023 and became profitable in Q1 2024. Besides Amazon Prime, the channel saw a 28% year-over-year growth in paid direct-to-consumer streaming subscribers across all its services. Management attributes this growth to strategic execution and network expansion, led by Todd Steinman, President of Kartoon Studios’ Toon Media Networks.
The channel's top performers include Super Mario 3, Shaq’s Garage, Rainbow Rangers, Peppa Pig, and Angry Birds. The commercial-free $3.99/month subscription on Amazon Prime is particularly popular. Looking ahead, the launch of exclusive 'Winnie-the-Pooh' episodes in 2025 is expected to drive further growth.
Kartoon Studios' Chairman and CEO, Andy Heyward, issued a letter to shareholders following the announcement of their new production, 'Kartoon Studios Winnie-The-Pooh,' and the securing of $30 million in non-dilutive production funding.
The financing was led by Catalyst Venture Partners, which means no additional shares will be issued, thereby avoiding shareholder dilution. This development represents a significant milestone for Kartoon Studios as it aims to expand its portfolio and capitalize on the timeless popularity of the Winnie-The-Pooh franchise.
FAQ
What is the current stock price of Kartoon Studios (TOON)?
What is the market cap of Kartoon Studios (TOON)?
What is Kartoon Studios Inc. known for?
Which popular shows are produced by Kartoon Studios?
How can I access Kartoon Channel! content?
What recent achievements has Kartoon Studios accomplished?
What platforms is Kartoon Channel! available on?
What is GADGET A.I.?
How is Kartoon Studios performing financially?
What are Kartoon Studios' future plans?
Who are some notable partners of Kartoon Studios?
Where can I find more information about Kartoon Studios?
