Toon Goggles allowsanimators to publish their shows for free. Animationrights holders are then provided with analytical data regarding the popularity of each show that they can present to networkproducers orinvestors.[4]
In December 2014, Toon Goggles introduced4K streaming of 18 series within their service.[5]
The Toon Goggles application is developed by Toon Goggles Inc., astart-up based in Los Angeles. In 2011, a demo website (www.toongoggles.com) was created to take to MIPCOM to show animation companies the exposure they could receive by placing their cartoons on the Toon Goggles service.[9] The mobile application was created soon after. In 2012, the platform secured one of its first partnerships withPanasonic to appear on the VIERA Connect television.[10] Toon Goggles has been pre-installed and promoted on a variety of devices for sale.
Stephen L. Hodge, Managing Director, spearheaded the creation of Toon Goggles in 2011.[11] James R. Cahall, Chief Technology Officer, heads the service's technology development and feature integration, including the company's move to offer 4K streaming.[12] Jordan Warkol, Director of Business Development was an actor for 15 years starting at the age of 4 playing 'Froggy' in the 1994 version of "The Little Rascals.".[13]
Originally a free service, Toon Goggles now follows theFreemium model, offering users free content with pre-screened advertising and the ability to upgrade to the subscription service with an ad-free model.[14]
In mid to late 2019, Toon Goggles was involved in the lawsuitSecurities and Exchange Commission v. Toon Goggles Inc., et al.[29] According to the lawsuit, co-founder Ira Warkol held at least five unregistered broker deals to around 400 investors from August 2012 to late 2016, raising overUS$19 million.[30] The lawsuit also stated that the commissions were performed under several entities, such as another start-up called NetKids and two divisions from Toon Goggles themselves: Dinomite Apps and Yeti Productions (both of which dissolved in 2015 and 2016 respectively). Toon Goggles also failed to get complete records of their investors, including the number of shares and money gained.[30] Warkol neither admitted nor denied the allegations and agreed to a settlement stating that he had to return $2 million and pay another US$190,000 fine, along with being permanently banned from any future security sales.[31] The case was settled on October 29, 2019.
A separate but similar preceding had the SEC accuse director of operations' Brendan Pollitz for facilitating broker-dealer registration violations. Pollitz agreed to acease-and-desist order, paying additional fines of up to $43,589.[32]
