 Logo used since 2023 | |
| Formerly | Genius Brands International (2013–2023) |
|---|---|
| Company type | Public |
| AMEX: TOON | |
| Industry | Entertainment |
| Predecessors | Genius Products Berliner Film Companie |
| Founded | November 2013; 11 years ago (2013-11) |
| Founders | Andy Heyward |
| Headquarters | , US |
Key people |
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| Products |
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| Brands |
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| Services | Licensing |
| Owners | Sony Pictures Home Entertainment (7%, 2017–present) |
| Subsidiaries | See§ Units |
| Website | kartoonstudios |
Kartoon Studios, Inc., formerly known asGenius Brands International (GBI), is an entertainment company headed byAndy Heyward. The company was formed from the merger of Genius Brands International and A Squared Entertainment.
Andy Heyward's previous company,DIC Entertainment, signed a TV series production deal in July 2003 withStan Lee'sPOW! Entertainment forStan Lee's Secret Super Six.[3] In 2006, DIC was in development onSecret Millionaires Club withBerkshire Hathaway chairmanWarren Buffett.[4]
A Squared Entertainment (A2, A Squared) was formed by Heyward and his wife, Amy Moynihan Heyward, in 2009 as an animation company. The company had an initial four-show celebrity-inspired cartoon slate to be seen on AOL starting in Q4 2009 with the last starting in 2010. The four shows would then switch from a webisode format of 26 episodes of three-to-five-minutes, to TV with 13, 22-minute shows. The slate then consisted ofSecret Millionaires Club,GiGi and The Green Team (working title),Little Martha (working title) andKosmos.Kosmos was a series to be based onCarl Sagan's life as a famous astronomer.[5]
A2's first animated program wasSecret Millionaires Club, which features an animated Buffett as a secret mentor to a group of enterprising children.Martha & Friends withMartha Stewart andGisele & the Green Team withGisele Bundchen were created and launched by A Square.[6]
In February 2010, A2 partnered with POW! Entertainment andArchie Comics to create theStan Lee Comics joint venture for theStan Lee's Super Seven franchise.[7] On December 7, 2010, A Squared launchedGisele & The Green Team webseries in conjunction with AOLkids.com andGisele Bündchen.[8]
In April 2012,Stan Lee's Mighty 7 was slated to be developed for other media formats via A Squared Elxsi Entertainment LLC (A2E2). A2E2 was a joint-venture betweenA Squared Entertainment (A2) andTata Elxsi[9] formed in January 2011 which Elxsi ends in October 2012.[10] Also in 2012, A2 took over Archies' ownership stake in Stan Lee Comics.[11]
By November 2013,A2 hadThomas Edison's Secret Lab in development.[6]
Pacific Entertainment Corporation was founded byBaby Genius creators Klaus Moeller and Larry Balaban in 2006. In January 2006, Pacific Entertainment purchasedBaby Genius and other lines fromGenius Products, Inc. for $3 million. The other lines were preschool brands such asWee Worship and theLittle Tikes music and DVD series. Genius Products retained exclusive U.S. distribution rights for the lines.[12]
GBI licensed Baby Genius in January 2011 toJakks Pacific's Tollytots division for a musical and early learning toy line.[13] At Toy Fair 2012, Tollytots introduced the line with 20 products.[14]
In December 2011, Pacific Entertainment Corporation changed its name to 'Genius Brands International, Inc. (GBI).[15] Genius Brands digitized itsBaby Genius book line in July 2013 via a deal with Graphicly.[16]
Genius Brands International (GBI) was formed in November 2013 from the merger between A2 Entertainment and pre-merger Genius Brands (former Pacific Entertainment), with the Heywards of A2 taking over as top executives. Pre-merged Genius Brands CEO Klaus Moeller moved to vice president of special markets at GBI. GBI's board of directors included former California governor Gray Davis and American Greetings Corp. president-COO Jeff Weiss.[6]
TheBaby Genius'video on demand subscription service launched in April 2014.[17] GBI launched a VOD channel of children's entertainment calledKid Genius in October 2015, through Comcast's Xfinity On Demand.[18]
In June 2014, Genius Brands agreed to licenseBaby Genius,Secret Millionaires Club andThomas Edison's Secret Lab toLeapFrog Enterprises for kids' learning tablets.[19] The first few Leap Frog tablet apps from the deal were released in December 2014, with two for bothBaby Genius andSecret Millionaires Club.[20]
GBI issued and sold 4.3 million shares of stock and warrants in November 2014 to investors and management at par $1. The raised working capital would be used for brand marketing, new property acquisition and development and theKid Genius channel.[21]
Penguin Young Readers and author/illustratorAnna Dewdney signed an agreement with Genius to develop animated content and manage licensing for theLlama Llama franchise in February 2016. The products, from apparel to toys, are slated to arrive in 2016.[22]
In February 2016, Genius Brands andSony Pictures Home Entertainment announced a multi-year marketing and distribution agreement for four existing properties plus three under development. Existing properties under the deal areSpacePop, a new originalBaby Genius series,Secret Millionaires Club andStan Lee's Mighty 7. The newBaby Genius series would be relaunched on Amazon.com in September.[23]
The company paired for another Sony agreement in April 2016. This agreement was withSony Music Entertainment'sLegacy Recordings for the Genius Brands Music label. The label would have two age-focused imprints, for toddlers, Baby Genius, and children-to-tweens, Kid Genius.[24]
In September 2016, GBI had teamed up withRob Minkoff andShane Morris on a preschool animated series. The series isRainbow Rangers, featuring others of the rainbow magical girls, who protect the earth. Main designed were byBrittany Myers andRuben Aquino. At the time, the company expect to have the concept debut as a third quarter 2017 special and a full series start in second quarter 2018.[25]
Kid Genius channel expanded to a small network of on demand channels with its offerings first on Comcast on Demand with a Baby Genius TV channel.[26] The company launched Kid Genius Cartoons Plus! on Amazon Channels starting on September 28, 2017.[27] Plus included all GBI programming plus other acquired programming.[28] Genius Brands Network in July 2019 added content from kids gaming companyTankee to its channels.[29]
In January 2017,Sony Pictures Home Entertainment expanded its distribution deal to all properties and took an equity stake in Genius Brands.[30] In November 2017, the company filed with the SEC to resell 1.65 million shares of stock.[31]
Genius issued a convertible debt round bringing in $4.5 million in August 2018 which was led by financier Robert Wolf of 32 Ventures and was oversubscribed bringing in both existing and new investors.[32] In September 2018,Bank Lemi extended a $6 million bank facility allowing Genius to produce a second season of Llama Llama.[33]
In May 2020, the company's stock value jumped 2000% with four announced stock sales that month, after being put on notice by NASDAQ for low share value, which might have triggered delisting. The reason for the jump was the company's announcement of the launch date of its Kartoon Channel, and Mattel's Rainbow Rangers toys gaining shelf space at Wal-Mart in summer 2020. With an announcement of registering a stockholder stock sale on June 4, the stock broke its run up with a 13% drop.[34] Kartoon Channel, which is the merger of its existing channels, launched on June 15, 2020, on four more platforms.[35]
On July 6, 2020, Genius Brands acquired exclusive worldwide rights to useStan Lee's name, physical likeness and signature fromPOW! Entertainment as well as licensing rights to his name and over 100 of POW's original IPs. The assets will be placed under a new joint-venture with POW!, called Stan Lee Universe, managed by Genius.[36]Michael E. Uslan was hired to advise Genius on Lee Universe film and TV projects. Genius then arranged a publishing deal withArchie Comics for Stan Lee Universe comic book imprint starting withKindergarten Cop adaptation title.[37]
On October 27, 2021, Genius announced they would acquire the Canada-basedWow Unlimited Media for $53 Million, allowing Genius to expand to the country. The transaction was slated to be completed in Q1 2022, pending regulatory approval.[38][39] The acquisition was completed on April 7 of that year.
On January 4, 2023, Genius Brands announced that they would sell a 50% stake in theFrederator showsBravest Warriors,Bee and PuppyCat and then-upcoming seriesCatbug to Japanese companyToho International. The deal would allow the two companies to provide frameworks, to co-produce new content based on the properties and develop consumer product campaigns. Toho would also gain Asian distribution rights to the properties.[40]
Genius Brands was renamed asKartoon Studios on June 26 and would transfer its shares toNYSE American.[41] In July 2023, Kartoon Studios partnered withVeVe to releasenon-fungible tokens of Stan Lee, which sold out nearly instantly.[42]
| Country | US |
|---|---|
| Ownership | |
| Owner | Genius Brands International |
| History | |
| Launched | October 2015 (2015-10) |
| Former names | Kid Genius Cartoon |
| Links | |
| Website | www |
Kartoon Channel (formerlyKid Genius Channel) is avideo on demand channel owned by Kartoon Studios.
The Kid Genius Channel was launched by GBI with children's entertainment in October 2015, through Comcast's Xfinity On Demand.[18] Debra Pierson was named general manager for the channel in March 2016.[44]
In December 2016,Margaret Loesch was named Executive Chairman of the Kids Genius Channel with Pierson promoted to channel president.[1] The channel was added to severalover-the-top media services including Roku, Apple TV and Amazon Fire, the week of February 2017.[45]
Kartoon Channel, which is the merger of its existing channels, was announced to be launched on June 15, 2020, on four more platforms. Loesch would continue to serve as executive chair, while adding former president ofWalt Disney Television production company David Neuman aschief creative officer of thestreaming service.[35]
| Title | Year(s) | Type | Production partner(s) | Distributor | Kid Genius Cartoon Channel | Notes |
|---|---|---|---|---|---|---|
| Gisele & The Green Team | 2010-2012 | Animated series |
| AOLkids.com | (Plus!)[28] | |
| Martha & Friends | 2011 |
| AOLkids.com | (Plus!)[28] | ||
| 2012 | Animated film | Hallmark Channel | Martha's Magnificent Egg[47] | |||
| Secret Millionaires Club | October 23, 2011—October 12, 2014 | Animated series | Berkshire Hathaway Bang Zoom! Entertainment Xing Xing Animation Hub Network | Sony Pictures Home Entertainment | initial[18] (Plus!)[28] | |
| 2014 | Tablet apps | Leap Frog Enterprises | — |
| ||
| Baby Genius | December 2014 | tablet apps | — | |||
| September 2015 - | Animated series | Sony Pictures Home Entertainment | ||||
| Thomas Edison's Secret Lab | April 2015 | Animated series | Symbiosys Technologies Telegael GPB | APT[48] | initial[18] (Plus!)[28] | |
| SpacePop | 2016 - | Animated series | Symbiosys Technologies Telegael | Sony Pictures Home Entertainment | initial[18] (Plus!)[28] | 2 seasons[49] |
| Books | Imprint (an imprint ofMacmillan Children's Publishing Group) | Macmillan Publishers Services | — |
| ||
| 2018 | Animated film | Not Your Average Princesses[49] | ||||
| Llama Llama[22] | 2018-2020 | Animated series | Telegael | NCircle Entertainment[51] Netflix | ||
| Merchandising | Kids Preferred (toy)[51] | |||||
| Rainbow Rangers | November 5, 2018 —[32] | Animated series | Telegael | Nick Jr. Channel[53] APC Kids (EMEA distribution)[54] | 52 x 11-minute episodes | |
| 2nd qtr. 2019 | Books | Imprint[55] | Macmillan Publishers Services | |||
| 3rd qtr. 2019[56] | live touring | Gershwin Entertainment | — | [32] | ||
| Superhero Kindergarten | 2021 | animated TV Show | Kartoon Channel |
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