Kartoon Channel! Appoints Former Senior Walt Disney Company Executive as Chief Revenue and Marketing Officer for Newly Announced KC! Kidaverse

Rhea-AI Summary

Genius Brands International (NASDAQ: GNUS) has appointed Todd Steinman as Chief Revenue and Marketing Officer for the newly announced Kartoon Channel! Kidaverse. Steinman previously held a senior role at The Walt Disney Company, contributing to Disney+ during its launch. His expertise in driving growth and negotiating significant media deals underscores his potential impact on the Kartoon Channel's development. The company aims to leverage Steinman's experience to enhance its offerings in the competitive kids' media market.

Positive

• Todd Steinman's appointment brings extensive experience from The Walt Disney Company, which may enhance growth strategies.
• His background in digital media and high-profile negotiations could strengthen Kartoon Channel!'s market position.

Negative

• Concerns about continuity and experience gap due to the recent management change.

BEVERLY HILLS, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Genius Brands International (“Genius Brands”) (NASDAQ: GNUS) today announced the appointment of Todd Steinman to the Kartoon Channel! Executive Team as Chief Revenue and Marketing Officer of the Company’s recently announced Kartoon Channel! Kidaverse.

Steinman is an esteemed growth marketing executive who most recently served as Vice President in the Direct to Consumer and International division at The Walt Disney Company, which included Disney+ during its launch. He helped create solutions to leverage the Walt Disney Company’s portfolio of linear and digital brands, including DISNEY, HULU, ESPN, ABC, FREEFORM, FX, and Nat Geo, while setting strategy for ad sales and revenue teams. Prior to his role at The Walt Disney Company, Steinman co-founded the digital media agency, M80, and then led the NBC Universal media team for WPP after they acquired M80. He negotiated multi-million-dollar annual media deals with Google/YouTube, Amazon, Hulu, Disney, Twitter, Snapchat, Spotify, and others, while managing an annual budget north of $1 billion.  

Steinman will report to Jon Ollwerther, President of Kartoon Channel! and KC! Kidaverse, who stated: “Todd has a history of driving growth for the most important names in entertainment. With the announcement of the KC! Kidaverse, and the acquisition of Ameba TV, Kartoon Channel! has reached a new inflection point, and I could not be more thrilled to welcome an executive of Todd’s caliber to help drive our business to the next level.”

“There is an electric excitement about the Kartoon Channel! and KC! Kidaverse in the kid’s and family market,” said Steinman, “It’s a breakthrough concept, and I’m looking forward to bringing all my expertise to help drive it forward.”

About Genius Brands International
Genius Brands International, Inc. (Nasdaq: GNUS) is a leading global kids media company developing, producing, marketing and licensing branded children’s entertainment properties and consumer products for media and retail distribution. The Company’s ‘content with a purpose’ portfolio includes Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal on Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and Netflix; Llama, starring Jennifer Garner, on Netflix; award-winning toddler brand Baby Genius; adventure comedy STEM series Thomas Edison's Secret Lab; and entrepreneurship series Warren Buffett's Secret Millionaires Club. Through licensing agreements with leading partners, characters from Genius Brands’ IP also appear on a wide range of consumer products for the worldwide retail marketplace. The Company’s Kartoon Channel! and Kartoon Classroom! are available in over 100 million U.S. television households via a broad range of distribution platforms, including Comcast, Cox, DISH, Sling TV, Pluto TV, Amazon Prime, Amazon Fire, Apple TV, Apple iOS, Android TV, Android Mobil, Google Play, Xumo, Roku, Tubi, YouTube, KartoonChannel.com, Samsung Smart TVs and LG TVs. 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 Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

MEDIA CONTACT:
pr@gnusbrands.com

INVESTOR RELATIONS CONTACT:                                                                        
ir@gnusbrands.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/6a1213c9-9641-4989-a3cb-5dd0f97ccd2b

https://www.globenewswire.com/NewsRoom/AttachmentNg/62f14e83-e7fe-40ed-8bbb-618370b68591

FAQ

What is the significance of Todd Steinman's appointment at Genius Brands International?

Todd Steinman's appointment as Chief Revenue and Marketing Officer is significant as he brings extensive experience from The Walt Disney Company, where he helped launch Disney+. His expertise is expected to enhance the growth strategies for the Kartoon Channel! Kidaverse.

When did Genius Brands International announce the appointment of Todd Steinman?

Genius Brands International announced Todd Steinman's appointment on January 20, 2022.

How might Todd Steinman's experience impact Genius Brands' operations?

Todd Steinman's experience in growth marketing and media negotiations could positively impact Genius Brands' operations by enhancing their market reach and strategic partnerships.

What are the key responsibilities of Todd Steinman at Genius Brands International?

As Chief Revenue and Marketing Officer, Todd Steinman will be responsible for driving revenue growth and marketing strategies for the Kartoon Channel! Kidaverse.