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Kartoon Studios Inc (TOON) delivers innovative animated entertainment through strategic partnerships and multi-platform distribution. This news hub provides investors and industry observers with direct access to verified corporate updates, financial disclosures, and operational developments.
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Discover updates on TOON's global content strategy including preschool programming innovations, digital platform integrations, and consumer product licensing. The repository serves as a definitive source for monitoring the company's progress in children's entertainment markets across traditional and streaming media.
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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.
Kartoon Studios has announced the formation of a high-profile team to drive the development, production, and global distribution of 'Kartoon Studios’ Winnie-The-Pooh,' set to premiere on Christmas Eve 2025.
The project is backed by a $30 million non-dilutive funding led by Catalyst Venture Partners. Ryan Gagerman, a former Paramount Pictures executive, will lead the global consumer products rollout. The production team includes Emmy-winning director Michael Maliani and Sam Morrison, a writer from 'Peppa Pig.'
Paul Robinson, former Disney Channel Worldwide Managing Director, will handle international sales. The team aims to build a powerful global entertainment brand and drive substantial revenue through licensed consumer products.
Kartoon Studios announces its largest project ever, a 'Winnie-the-Pooh' megabrand, set to launch on Amazon Prime Video and through a nationwide retail program with Alliance Entertainment. The $30 million project, funded by Catalyst Venture Partners, includes an animated holiday movie debuting December 24, 2025, five specials, and a 104-episode series. The series features a unique 'yarn-based' design and modern stories inspired by A.A. Milne's classic books, aiming to build a global brand with family-friendly values.
Alliance Entertainment will distribute 'Winnie-the-Pooh' merchandise nationwide. The project promises significant profitability, leveraging AI for production efficiency. The initiative celebrates the 100th anniversary of Milne's original publication, with the content developed to bring new depth and warmth to the beloved characters.
Kartoon Studios (NYSE American: TOON) reported a profitable first quarter in 2024 for its Kartoon Channel! streaming service, which now outperforms Disney+ in Apple App Store rankings. The company reduced direct operating costs by over 60% year-over-year and 29% sequentially. CEO Andy Heyward projects company-wide profitability by Q2 2025. Significant strides include launching a Stan Lee Universe store on Amazon, partnering with digital collectibles platform VeVe, and introducing a YouTube channel, 'Stan Lee Presents,' which gained 300,000 subscribers. The company also announced the implementation of AI technologies with Nvidia Omniverse to enhance its animation production. Kartoon Studios reported $6.1 million in revenue for Q1 2024, with no long-term debt and healthy financials. The company plans a major brand announcement later in the quarter.
Kartoon Studios, Inc. (NYSE AMERICAN: TOON) partners with GFM Animation to produce five animated feature films from the Stan Lee Universe, aiming to bring Stan Lee's iconic creations to a global audience. The collaboration signifies a significant milestone in developing projects from the extensive SLU catalog, with a focus on appealing to a broad demographic and families. The partnership will see the creation of high-quality animated films based on Stan Lee's original ideas, with the first three treatments set to be presented at the Cannes Film Festival.
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