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.
Kartoon Studios Inc. (NYSE American: TOON) is a global leader in the creation, production, distribution, and licensing of branded animated entertainment properties. Headquartered in Beverly Hills, California, the company specializes in content catering to children and families. Their portfolio includes popular shows such as Stan Lee's Superhero Kindergarten, Shaq's Garage, Rainbow Rangers, and the Netflix Original Llama Llama. Kartoon Studios is committed to delivering high-quality, safe, and family-friendly programming across multiple platforms.
Kartoon Studios operates the highly acclaimed Kartoon Channel!, which has become profitable and achieved impressive domestic penetration, reaching nearly 100% of U.S. television households. The channel offers a wide array of content, including original shows and animated classics, available on platforms such as Apple TV, Roku, Amazon Fire, and more. Its app boasts high user satisfaction, reflected in a 4.9 out of 5 stars rating in the Apple App Store.
Recent business milestones include a partnership with VeVe for exclusive Stan Lee digital collectibles, expansion into international markets, and the introduction of a new AI toolkit named GADGET A.I., aimed at enhancing content production and distribution efficiency. The company also boasts a robust digital presence through Frederator Network on YouTube, with billions of annual views.
Financially, Kartoon Studios has demonstrated strong performance, with significant revenue growth and profitability in its streaming services. The company maintains a healthy balance sheet with no long-term debt, further underlining its robust financial health.
Overall, Kartoon Studios continues to expand its global footprint and remains at the forefront of delivering engaging and safe children's content. For more information, visit www.kartoonstudios.com.
Kartoon Studios (NYSE American: TOON) has announced a $4.5 million securities offering through a purchase agreement with an institutional investor. The offering includes 7,894,736 shares of common stock or pre-funded warrants, along with Series A and Series B common warrants, at $0.57 per share. The Series A warrants have a 5-year expiration, while Series B warrants expire in 18 months, both requiring stockholder approval for exercise. The offering is expected to close around December 18, 2024.
The company plans to use the proceeds for working capital and general corporate purposes, including research and development. Roth Capital Partners is serving as the placement agent for this offering, which is being conducted under an SEC-registered Form S-1 declaration.
Kartoon Studios (NYSE: TOON) reported significant improvements in Q3 2024, marking its second consecutive quarter of sequential revenue growth. The company achieved an 80% year-over-year reduction in operational losses and a 57% decrease in direct operating costs. Revenue reached $8.7 million for Q3, with total revenue of $23.2 million for the first nine months of 2024. Mainframe Studios, the company's largest revenue unit, secured orders for over 145 episodes through 2027. The company expanded its Kartoon Channel! to 69 countries with a potential viewer base of 1.5 billion, while maintaining zero long-term debt and $37.2 million in current assets.
Kartoon Studios (NYSE American: TOON), the controlling partner of Stan Lee Universe, has announced development plans for Stan Lee's The Excelsiors, one of the largest initial superhero ensemble creations by Stan Lee. The project will launch as a graphic novel through Legible Comics, with concurrent development for television and film adaptations. Michael Uslan, Executive Producer of the Batman film franchise, will co-develop and produce the project.
The Excelsiors feature a team of ten original superheroes working for Amaz-Ing Tech in a near-future world ruled by global corporations. Characters include X-Otic, X-T (an extraterrestrial), X-Change, X-Hale, X-Tricate, X-Isle, and X-Ecutioner. The project aims to honor Stan Lee's vision by creating extraordinary superheroes matched with equally interesting supervillains.
Kartoon Studios (NYSE American: TOON) has launched Kartoon Channel's videogame FAST channel on Samsung TV Plus in the UK, Italy, and Spain. Through a joint venture with Power Kids, it will also be offered in India. These new territories provide Kartoon Channel with a footprint of over 1.5 billion new viewers.
The new 'Video Game Heroes' FAST channel features Kidaverse Roblox Rumble, Sonic X, and Donkey Kong Country, along with KC Pop Quiz and Sunny Bunnies. The channel is accessible via Samsung TV Plus on TVs, tablets, and mobile phones, offering a safe, family-friendly environment curated by Kartoon Studios.
Paul Robinson, President of Kartoon Channel Worldwide, emphasized that gaming meets children's needs for escapism and connection, while providing parents with safe, entertaining content for their kids.
Kartoon Studios (NYSE American: TOON) has reported a strong business rebound for its largest revenue unit, Mainframe Studios. Following the resolution of WGA and SAG strikes, Mainframe has secured series orders for over 145 episodes, ensuring a solid work pipeline through 2025 and 2026. The studio currently has four series in production with major industry players like Spin Master, Sony Kids, and Disney.
Mainframe Studios is experiencing significant growth in productions and opportunities, particularly for content slated for 2025. The studio is producing hit series such as Unicorn Academy for Netflix and SuperKitties for Disney+. Additionally, Mainframe is working on an unannounced 2D animated series and co-producing Andrew the Big BIG Unicorn with international distribution rights retained by Kartoon Studios.
Kartoon Studios (NYSE American: TOON) announced the launch of 'Kidaverse Roblox Rumble', a competition series based on the popular Roblox game, set to premiere this Fall on Kartoon Channel. The third season will have a global launch in over 60 territories, including North America, Asia, Europe, and The Middle East.
The show features six young gamers competing in custom-made Roblox challenges, with prizes including iPhones, iPads, custom Nike shoes, and a PlayStation 5. Hosted by Frankie Vu, the series taps into Roblox's massive audience of over 30 million daily players.
Paul Robinson, president of Kartoon Channel Worldwide, highlighted the show's success and enhanced features for the third season, emphasizing its alignment with Kartoon Studios' 'Content with a Purpose' promise.
Kartoon Studios (NYSE American: TOON) and LiveOne (NASDAQ: LVO) have announced a partnership to create three custom audio and video channels. The collaboration aims to deliver tailored entertainment experiences across multiple platforms, targeting different age groups:
1. Baby Genius: For children aged 2-8, offering engaging content for early childhood entertainment.
2. Stan Lee Presents: Targeted at kids and teens 8+, featuring superhero-related music and content from the Stan Lee Universe.
3. Cartoon Hangover: Designed for teens 15+, providing edgy, original animation content combined with popular music.
The channels will be distributed through both companies' existing platforms, reaching over four million LiveOne members, including on the Tesla Streaming Music App. The rollout is scheduled to begin in Fall 2024.
Kartoon Studios (NYSE American: TOON) has launched the second season of Shaq's Garage, titled 'Maximum Horsepower', on its Kartoon Channel! streaming platform. The animated series, starring Shaquille O'Neal, is available across multiple streaming services and devices. The first season significantly boosted subscriber growth, revenue, and profitability for Kartoon Channel!
Additionally, Kartoon Studios announced plans to release Baby Shaq, a nursery rhyme series, in Q4 2024. This spin-off aims to extend the franchise's appeal to preschool audiences. The company's president, Todd Steinman, expressed excitement about continuing their partnership with Shaquille O'Neal and delivering engaging, value-oriented content for their audience.
Kartoon Studios (NYSE American: TOON) has released a business update for Q2 2024, highlighting significant growth and improved financial performance. Key metrics include:
- 120% growth in Amazon Prime subscribers
- 39% decrease in direct operating costs vs. Q2 2023
- 61% reduction in net losses compared to Q2 2023
- Revenue of $8.4 million, up 38% from Q1 2024
- Expansion to 69 countries globally
- $30 million non-dilutive JV financing for production
The company's 'Three Pillars' strategy focusing on Kartoon Channel!, Stan Lee Universe, and Winnie-the-Pooh is driving growth. CEO Andy Heyward expressed confidence in achieving sustained growth and profitability by 2025.
Kartoon Studios (NYSE AMERICAN: TOON) reported a successful rollout of Stan Lee Universe activations at the 2024 San Diego Comic-Con. Highlights included:
1. Debut of -edition apparel and digital collectibles from Multiverse Clothing and VeVe
2. Signings with celebrated pop culture artists
3. "Stan Lee: The Next 100 Years" panel featuring industry experts
4. Exclusive Stan Lee trailer premiere
The event showcased Stan Lee's enduring popularity, with fans lining up for merchandise and panel attendance. VeVe reported strong initial sales and positive fan reactions. Kartoon Studios CEO Andy Heyward emphasized Stan Lee's continued influence in pop culture, citing recent Marvel film developments and his 20 million social media followers.
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