Welcome to our dedicated page for Kartoon Studios news (Ticker: $TOON), a resource for investors and traders seeking the latest updates and insights on Kartoon Studios stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kartoon Studios's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kartoon Studios's position in the market.
Rhea-AI Summary
Kartoon Studios (TOON) reports significant cost-saving initiatives leading to profitability, with operating costs reduced by over 70% YoY and 54% sequentially. Various subsidiaries show growth, with Kartoon Channel!'s streaming business at break-even, Mainframe Studios generating $40 million in revenue, and Beacon Media Group achieving 16% quarterly growth. The company aims to propel the Stan Lee brand, implement AI, and increase margins through new production technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
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Rhea-AI Summary
Beacon Media Group, a subsidiary of Kartoon Studios, Inc. (TOON), achieved significant milestones in 2023, leading to a 29% growth in billed commission and a 5% increase in billed media. The company expanded its client base, including non-toy lifestyle brands, targeting diverse audiences like families, parents, millennials, and Gen Z. Beacon Media Group's innovative marketing campaigns and strategic efforts are expected to drive growth in 2024, supported by planned pre-Easter and spring initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.66%
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Rhea-AI Summary
Kartoon Studios, Inc. (TOON) reports significant growth in 2023 with increased paid subscribers, break-even EBITDA, and international market expansion. The company's streaming service, Kartoon Channel!, outperforms major competitors with a top Apple app store user rating of 4.9 out of 5 stars.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.66%
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Kartoon Studios (TOON) executives to participate in Benzinga All Access event. The event will be live-streamed on February 13, 2024, at 11AM Eastern Time. Viewers can watch the event on YouTube and access the recording later on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
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Rhea-AI Summary
Kartoon Studios, Inc. (NYSE American: TOON) partners with Penguin Young Readers and Kohl’s to launch new nationwide retail promotions for 'Llama Llama' products. The first promotion debuted in February 2024, featuring a plush toy & book set, while the second promotion is planned for April 2024. New licensing partners Spirit and YOTTOY have been added to expand the merchandise program. The products will be available at Kohl’s stores nationwide and Kohls.com through the Kohl’s Cares collection, with profits benefiting non-profit organizations. Kartoon Studios aims to continue growing the 'Llama Llama' brand with the addition of new licensees and quality products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
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Rhea-AI Summary
Kartoon Studios (TOON) announces a significant increase in content production and development planned for 2024 for the Company’s Kartoon Channel! and other major broadcasters and streamers, including Netflix, Disney Channel. The company appointed Gregg Goldin, former creative executive at DreamWorks Animation, Cartoon Network, and MTV, to the newly created position of Senior Vice President, Development & Production. The Chief Financial Officer cited initiatives to increase revenue and streamline operations as key factors expected to drive the company towards sustained profitability. Kartoon Channel! achieved break even in 2023 and is expected to move to profitability in 2024, alongside Netflix. Goldin will be responsible for heading up development and production for both new and original IP to deliver to the marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
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Kartoon Studios (TOON) anticipates growth following industry slowdown and expects break-even EBITDA in Q4 2023. The company benefitted from post-strike content demand and new orders, with Mainframe Studios seeing a robust pipeline of new content. The new CFO, Brian Parisi, aims to drive value creation and sustainable earnings.
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Kartoon Studios expands the reach of 'Shaq's Garage' series on YouTube Kids and Tubi
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.94%
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Rhea-AI Summary
Kartoon Studios appoints Brian Parisi as CFO to drive growth and shareholder value. Company aims to reduce operating costs and optimize financial performance. Parisi brings 30 years of experience in entertainment, media, and high-tech industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
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Legible Inc. selected by Kartoon Studios to publish and distribute Stan Lee's Workforce, expanding its partnership and positioning itself as an emerging global publisher.
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Kartoon Studios Inc.
NYSE:TOON
TOON Rankings
TOON Stock Data
40.57M
32.79M
9.47%
8.4%
6.67%
Motion Picture and Video Production
Information
United States of America
BEVERLY HILLS
About TOON
genius brands international inc (gnus) is an entertainment company located in 5820 oberlin dr, san diego, ca, united states.