Genius Brands

Kartoon Studios Reports Strong Progress and Provides Business Update for the Fourth Quarter and Full Year of 2023

Retrieved on: 
Tuesday, April 9, 2024
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Andy Heyward, Chairman & CEO of Kartoon Studios, stated, “2023 was a transformative year for the Company as we laid the foundation for long-term growth and sustainable profitability.

Key Points: 
  • Andy Heyward, Chairman & CEO of Kartoon Studios, stated, “2023 was a transformative year for the Company as we laid the foundation for long-term growth and sustainable profitability.
  • At the same time, Kartoon Channel!’s paid subscriber base continues to grow, providing us with high margin recurring revenue.
  • Moreover, our Beacon Media Group subsidiary has resumed solid growth and, in Q4 2023, achieved its highest quarter revenue since 2021.
  • The team of players now inside Kartoon Studios brings extraordinary playing records at Disney, Warner Brothers, Hasbro, and other leading organizations.

Kartoon Studios’ Kids Media and Marketing Agency, Beacon Media Group, Grows Revenues, Client Base, and Delivers Successful Campaign Results in 2023

Retrieved on: 
Tuesday, February 13, 2024
Acquisition, Beacon, Research, Marketing, Performance, Canadian Tire money, Growth, Genius Brands, Parent, Generation Z, Social commerce, Family

BEVERLY HILLS, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Beacon Media Group, the media and marketing agency subsidiary of Kartoon Studios, Inc. (NYSE American: TOON) specializing in kids and family, announces a series of achievements and milestones attained in 2023, which the Company believes further position Beacon Media as a leader in the market, and are expected to contribute to growth in 2024.

Key Points: 
  • Beacon Media concluded 2023 with solid performance due to its strategic efforts, leading to a year-over-year growth of 29% in billed commission and a 5% increase in billed media.
  • This positive trend is expected to continue in 2024, buoyed by advertiser support for planned pre-Easter and spring campaigns.
  • Additionally, Beacon Media Group has expanded its client base with six new advertisers and has continued to deliver innovative marketing campaigns for its clients, reaffirming its leadership in the industry.
  • This enabled Beacon Media to expand and work with new clients, increase market penetration, and further demonstrate its unique ability to cater to diverse client needs.

Kartoon Channel! Achieves Record Revenue, Subscriber Growth, and Global Coverage

Retrieved on: 
Tuesday, February 13, 2024
Pluto TV, Monolithic kernel, Growth, Parent, Apple TV, StarTimes, Apple, Worldwide Angel, YouTube Kids, Television, Amazon Fire, Comcast, Netflix, Roku, Frederator Networks, The Walt Disney Company, Amazon Prime Video, TAP TV, Samsung Electronics, Rainbow Rangers, Tap, Etisalat by e&, Astro, Disney Branded Television, Acquisition, Caregiver, Nickelodeon, IOS, Samsung, Android TV, Genius Brands, Cartoon Network, Tubi, Cartoon, Video game

BEVERLY HILLS, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios, Inc. (NYSE American: TOON) today announced its streaming service business, which premiered in June 2020, has achieved record revenue, increased its paid subscribers, expanded its international market coverage and reached break-even EBITDA in the fourth quarter of 2024.

Key Points: 
  • has steadily grown to become a pre-eminent children’s entertainment destination that delivers thousands of episodes of carefully curated, and family-friendly content.
  • Kartoon Studios CEO, Andy Heyward stated, “In 3½ years, the growth of the Kartoon Studios’ streaming business in the U.S. and globally has been impressive.
  • I feel we have some of the brightest and most talented executives in the global content distribution and OTT/Streaming business.
  • This is best evidenced by our subscriber growth and the significant increase in new trials.”
    Internationally, Kartoon Channel is poised to increase market penetration.

Kartoon Studios Announces Significant Increase in Content Production Planned for 2024

Retrieved on: 
Monday, January 22, 2024
Slate, Universe, Senior, Cartoon, Disney Channel, IP, Cartoon Network, Partnership, MTV, DreamWorks Animation, Britney Spears, Netflix, DreamWorks, Growth, Frederator Networks, Ben 10, Aircraft, Animation, Scooby-Doo, Save the Last Dance, Genius Brands, Wheelhouse, Apple, Marketing, Fast & Furious, Charlize, MTV Entertainment Studios, Æon Flux, Catalog, Original programming, Film industry

Beverly Hills, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE AMERICAN: TOON) announces a significant increase in content production and development planned for 2024 for the Company’s Kartoon Channel!, Frederator Networks, Mainframe Studios, as well as major broadcasters and streamers, including Netflix, Disney Channel, and others. The Company has also appointed Gregg Goldin, former creative executive at DreamWorks Animation, Cartoon Network and MTV, to the newly created position of Senior Vice President, Development & Production.

Key Points: 
  • In this new role, Goldin will be responsible for heading up development and production for both new and original IP to deliver to the marketplace.
  • Goldin will report jointly to Kartoon Studios’ Chairman & CEO Andy Heyward and COO Michael Jaffa.
  • With the increase in content production and other initiatives to be announced in early 2024 to drive revenue, we are well on our way to achieving our goal of sustained profitability.
  • Goldin joins Kartoon Studios following a ten-year tenure at DreamWorks Animation where he served as Vice President of Current Series, overseeing multiple series in production.

Kartoon Studios Provides Business Update for the Third Quarter of 2023

Retrieved on: 
Friday, November 17, 2023
Spin Master, WGA, EBITDA, NYSE, SONIC, Security (finance), SAG, STAN, CFO, Collection, History, SUPER, YouTube Kids, NFL, Writers Guild, VOD, Fox Corporation, RAINBOW, Animation, Screen Actors Guild, Apple, Growth, NETFLIX, Live Nation Entertainment, Hulu, Video game, Tourism, Tubi, Genius Brands, Mainframe computer, Mattel, Netflix

BEVERLY HILLS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the third quarter of 2023.

Key Points: 
  • Anticipates First Ever Break-Even EBITDA in Fourth Quarter of 2023, a First Since Its Launch
    New CFO Brian Parisi Brings Strong Track Record from the NFL and Live Nation, Focused on Value Creation, as well as Growing Revenues and Driving Sustainable Earnings
    BEVERLY HILLS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the third quarter of 2023.
  • Mainframe Studios, Kartoon Studios’ affiliated work-for-hire and original content production studio based in Vancouver, Canada, has become an integral part of our company and our future success.
  • During this recent quarter, we delivered our longstanding production of BARBIE to Netflix, shortly after the blockbuster success of the live Barbie movie.
  • As of September 30, 2023, Kartoon Studios had current assets of $61.4 million, working capital of $11.8 million, and total stockholders’ equity of $74.0 million.

Kartoon Channel!’s Hit Series, “Shaq’s Garage,” Starring Shaquille O’Neal, Launches on Youtube and Tubi

Retrieved on: 
Thursday, October 19, 2023
YouTube Kids, Roku, Garage, NYSE, VOD, FAST, Sling TV, Pluto TV, Genius Brands, Apple, SVOD, Amazon, AVOD, Collection, Video game, Music, Tubi

BEVERLY HILLS, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today further expands the reach of its newest series for children, “Shaq’s Garage,” starring and executive produced by Shaquille O’Neal, with a rollout on YouTube, YouTube Kids and on the just-launched Kartoon Channel! on Tubi, Fox Corporation's ad-supported streaming service with over 74 million monthly active users.

Key Points: 
  • on Tubi, Fox Corporation's ad-supported streaming service with over 74 million monthly active users.
  • Additionally, “Shaq’s Garage” is now available on Tubi, Kartoon Channel!’s latest platform addition, which includes a companion Kartoon Channel!
  • With the launch of ‘Shaq’s Garage’ on YouTube, YouTube Kids and Tubi, we have nearly 100% market penetration for the series, generating millions of views.
  • His series, "Shaq's Garage," is a great addition to the YouTube Kids app," commented Mac Malik, Global Head of Programming, YouTube Kids.

Kartoon Studios Appoints Entertainment, Media and High-Tech Industry Executive, Brian Parisi, as Chief Financial Officer

Retrieved on: 
Wednesday, September 27, 2023
Warner, NFL, University, Warner Bros., Senior, Last Floor Productions, Genius Brands, Electronic dance music, Risk management, Universal Pictures, Accounting, USC Marshall School of Business, Purdue University, Growth, NYSE American, CPA, CFO, Development, Financial management, NYSE, Stan Lee, Film industry, Management, Business

BEVERLY HILLS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Following major developments over the past year, including brand and digital platform launches, a name change and transition to the NYSE (TOON), Kartoon Studios (the “Company” or “Kartoon Studios”) today announced the appointment of finance veteran Brian Parisi as the Company’s Chief Financial Officer.

Key Points: 
  • Streaming Service
    BEVERLY HILLS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Following major developments over the past year, including brand and digital platform launches, a name change and transition to the NYSE (TOON), Kartoon Studios (the “Company” or “Kartoon Studios”) today announced the appointment of finance veteran Brian Parisi as the Company’s Chief Financial Officer.
  • Andy Heyward, Chairman and CEO of Kartoon Studios stated, “It is my privilege to welcome Brian to our high-caliber executive team.
  • At this pivotal moment in Kartoon Studios' evolution, Brian's specialized skillset in financial management, coupled with his rich experience in the entertainment industry, could not be more timely or relevant.
  • Bob has played a key role in transforming us from an emerging children's entertainment company into a multifaceted global enterprise.

Kartoon Studios Provides Business Update for the Second Quarter of 2023

Retrieved on: 
Monday, August 14, 2023
Mainframe, Melon, Universe, Writers Guild of America, Amazon Prime Video, Tribeca Festival, Partnership, CSE, Pluto TV, Mainframe Studios, Bee and PuppyCat, Rainbow Rangers, WGA, Strike, Writers Guild, The Roku Channel, Subaru Tribeca, Samsung, Android, FSE, Amazon Fire, Screen Actors Guild, SAG, VeVe, Mainframe computer, Apple, READ, Frederator Networks, Spin Master, LG, Genius Brands, STAN, Security (finance), Animation, NYSE, Roku, Hulu, Stan Lee, Mobile phone, Film industry, The Walt Disney Company, Mattel, Netflix

BEVERLY HILLS, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the second quarter of 2023.

Key Points: 
  • BEVERLY HILLS, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the second quarter of 2023.
  • Although the strike is ongoing, neither Kartoon Studios nor its subsidiaries are signatories of WGA or SAG.
  • As a result, Kartoon Studios is now less dependent on third-party networks for distributing our content.
  • As of June 30, 2023, Kartoon Studios had current assets of $91.6 million, working capital of $14.4 million, and total stockholders’ equity of $87.5 million.

Kartoon Studios’ Kids and Family Streaming Business Records Rapid Growth

Retrieved on: 
Wednesday, August 2, 2023
Television, Comcast, Amazon Prime Video, Apple TV, Pluto TV, Genius Brands, The Roku Channel, The Walt Disney Company, Samsung, Amazon Fire, IOS, Android TV, YouTube Kids, Disney Branded Television, Monolithic kernel, Apple, Frederator Networks, LG, NYSE, Roku, Mobile phone

BEVERLY HILLS, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today announced its streaming service business, including Kartoon Channel!, which premiered just three years ago, continues to grow across all major metrics, led by viewership and consumption.

Key Points: 
  • In the Apple app store, Kartoon Channel!
  • is now ranked by users at 4.9 out of 5 stars, besting most of its major competitors, including both YouTube Kids, and Disney+.
  • Kartoon Channel!
  • and the growth opportunities in the coming months and years.”
    “While many of the streamers have chased viewers at the cost of profits, Kartoon Channel!

Kartoon Studios Enters Malaysian Market with Kartoon Channel! Branded Block on Astro in August 2023

Retrieved on: 
Tuesday, July 25, 2023
Partnership, Super Mario Bros. 3, KC, Genius Brands, Minecraft, International, Astro, NYSE, Video game, Toy, King Koopa's Kool Kartoons

BEVERLY HILLS, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) continues the Pacific-Asia expansion of the Kartoon Channel!

Key Points: 
  • BEVERLY HILLS, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) continues the Pacific-Asia expansion of the Kartoon Channel!
  • brand with the August 2023 premiere of a branded programming block on Astro Ceria (Astro Ch 611), Malaysia’s #1 homegrown kid’s channel.
  • Based on the worldwide success of Kartoon Channel!’s hit elimination-style reality gaming series for kids, Kidaverse Roblox Rumble, Astro has also licensed the format to produce season two of the series, starring Malaysian contestants.
  • programming block on Astro Ceria will feature a slate of gaming content for kids, including Tankee Minecraft Map, Super Mario Brothers 3, KC!