Expects to Imminently Announce Close of WOW! Acquisition
WOW! Achieved Revenue of USD
CEO Andy Heyward Provides Letter to Shareholders and Sneak Peak of “Shaq’s Garage” Video
Key Highlights:
- 217% increase in revenue to
$7.9 million versus$2.5 million for 2020 - Expects to imminently announce closing of the
WOW! Unlimited Media (TSXV:WOW) acquisition - WOW! achieved revenue of USD
$64.2 million for 2021* - Acquired a controlling stake in
Your Family Entertainment (FRA:RTV) - Net cash, cash equivalents and marketable securities of over
$116 million as ofDecember 31, 2021 - Kartoon Channel! growing its viewership and now carried on virtually every major platform
- Kartoon Channel! Kidaverse on track to launch
April 15 - Kartoon Channel! Worldwide now available in 67 countries
- Stan Lee Universe/Stan Lee Centennial expected to rollout in 2022 concurrent with his 100th birthday
- Stan Lee’s Superhero Kindergarten growing its global audience
- Moving rapidly towards the launch of Shaq’s Garage animated series featuring Shaquille O’Neal; a sneak peak for Shaq’s Garage is available online, along with an earlier interview with Shaquille O’Neal: Shaq’s Garage Interview and Animation Demo
- Season 3 of Rainbow Rangers in production
- Continued expansion of senior management team with appointment of industry leaders from
Disney , Netflix and Warner Brothers
A link to the CEO letter is available online at: https://www.gnusbrands.com/blog
*Based on unaudited financial results of
About
Genius Brands’ Kartoon Channel! is a globally distributed entertainment platform with 100% penetration in the
For additional information, please visit www.gnusbrands.com.
Forward Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, our ability to generate revenue or achieve profitability; our ability to obtain additional financing on acceptable terms, if at all; the potential issuance of a significant number of shares, which will dilute our equity holders; fluctuations in the results of our operations from period to period; general economic and financial conditions; our ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; our reliance on and relationships with third-party production and animation studios; our ability to market and advertise our products; our reliance on third-parties to promote our products; our ability to keep pace with technological advances; our ability to protect our intellectual property and those other risk factors set forth in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K and in the Company's subsequent filings with the
MEDIA CONTACT:
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INVESTOR RELATIONS CONTACT:
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Source:
2022 GlobeNewswire, Inc., source