Genius Brands CEO Provides Letter to Shareholders; Announces Three-Fold Increase in Revenue for the First Quarter of 2021
Results for the first quarter of 2021 included just 2 months of revenue from the acquisition of ChizComm Ltd. and ChizComm Beacon Media, which closed on Feb. 1st.\xc2\xa0\xc2\xa0 Genius Brands also reported $143.6 million of cash and cash equivalents and no long-term debt as of March 31, 2021.
- Results for the first quarter of 2021 included just 2 months of revenue from the acquisition of ChizComm Ltd. and ChizComm Beacon Media, which closed on Feb. 1st.\xc2\xa0\xc2\xa0 Genius Brands also reported $143.6 million of cash and cash equivalents and no long-term debt as of March 31, 2021.
- The Company\xe2\x80\x99s \xe2\x80\x98content with a purpose\xe2\x80\x99 portfolio includes Stan Lee\xe2\x80\x99s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!
- and Netflix; Llama Llama, starring Jennifer Garner, on Netflix; award-winning toddler brand Baby Genius; adventure comedy STEM series Thomas Edison's Secret Lab; and entrepreneurship series Warren Buffett's Secret Millionaires Club.
- Through licensing agreements with leading partners, characters from Genius Brands\xe2\x80\x99 IP also appear on a wide range of consumer products for the worldwide retail marketplace.