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