Kartoon Studios Inc Stock Price, News & Analysis

Kartoon Studios (NYSE American: TOON) announces a global online celebration for Stan Lee's 102nd birthday on December 28, 2024. The tribute will feature messages from celebrities, industry icons, and close friends sharing their memories of the legendary creator. Fans worldwide are encouraged to participate using #StanLee102 across social media platforms.

The celebration comes ahead of upcoming projects from Stan Lee Universe, including 'The Excelsiors.' Michael Uslan, Executive Producer of the Batman franchise, who knew Stan since age 11, expressed his honor in participating in the tribute.

Stan Lee, born December 28, 1922, was instrumental in shaping modern superhero genre through Marvel Comics, co-creating iconic characters like Spider-Man, Iron Man, and X-Men. His legacy continues through Kartoon Studios, which controls Stan Lee Universe and over 200 post-Marvel characters created by Lee.

Kartoon Studios (NYSE American: TOON) has announced a $4.5 million securities offering through a purchase agreement with an institutional investor. The offering includes 7,894,736 shares of common stock or pre-funded warrants, along with Series A and Series B common warrants, at $0.57 per share. The Series A warrants have a 5-year expiration, while Series B warrants expire in 18 months, both requiring stockholder approval for exercise. The offering is expected to close around December 18, 2024.

The company plans to use the proceeds for working capital and general corporate purposes, including research and development. Roth Capital Partners is serving as the placement agent for this offering, which is being conducted under an SEC-registered Form S-1 declaration.

Kartoon Studios (NYSE: TOON) reported significant improvements in Q3 2024, marking its second consecutive quarter of sequential revenue growth. The company achieved an 80% year-over-year reduction in operational losses and a 57% decrease in direct operating costs. Revenue reached $8.7 million for Q3, with total revenue of $23.2 million for the first nine months of 2024. Mainframe Studios, the company's largest revenue unit, secured orders for over 145 episodes through 2027. The company expanded its Kartoon Channel! to 69 countries with a potential viewer base of 1.5 billion, while maintaining zero long-term debt and $37.2 million in current assets.

Kartoon Studios (NYSE American: TOON), the controlling partner of Stan Lee Universe, has announced development plans for Stan Lee's The Excelsiors, one of the largest initial superhero ensemble creations by Stan Lee. The project will launch as a graphic novel through Legible Comics, with concurrent development for television and film adaptations. Michael Uslan, Executive Producer of the Batman film franchise, will co-develop and produce the project.

The Excelsiors feature a team of ten original superheroes working for Amaz-Ing Tech in a near-future world ruled by global corporations. Characters include X-Otic, X-T (an extraterrestrial), X-Change, X-Hale, X-Tricate, X-Isle, and X-Ecutioner. The project aims to honor Stan Lee's vision by creating extraordinary superheroes matched with equally interesting supervillains.

Kartoon Studios (NYSE American: TOON) has launched Kartoon Channel's videogame FAST channel on Samsung TV Plus in the UK, Italy, and Spain. Through a joint venture with Power Kids, it will also be offered in India. These new territories provide Kartoon Channel with a footprint of over 1.5 billion new viewers.

The new 'Video Game Heroes' FAST channel features Kidaverse Roblox Rumble, Sonic X, and Donkey Kong Country, along with KC Pop Quiz and Sunny Bunnies. The channel is accessible via Samsung TV Plus on TVs, tablets, and mobile phones, offering a safe, family-friendly environment curated by Kartoon Studios.

Paul Robinson, President of Kartoon Channel Worldwide, emphasized that gaming meets children's needs for escapism and connection, while providing parents with safe, entertaining content for their kids.

Kartoon Studios (NYSE American: TOON) has reported a strong business rebound for its largest revenue unit, Mainframe Studios. Following the resolution of WGA and SAG strikes, Mainframe has secured series orders for over 145 episodes, ensuring a solid work pipeline through 2025 and 2026. The studio currently has four series in production with major industry players like Spin Master, Sony Kids, and Disney.

Mainframe Studios is experiencing significant growth in productions and opportunities, particularly for content slated for 2025. The studio is producing hit series such as Unicorn Academy for Netflix and SuperKitties for Disney+. Additionally, Mainframe is working on an unannounced 2D animated series and co-producing Andrew the Big BIG Unicorn with international distribution rights retained by Kartoon Studios.

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.