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Kartoon Studios, Inc. - TOON STOCK NEWS

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.

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Kartoon Studios (NYSE AMERICAN: TOON), VeVe, and Multiverse Clothing Company Inc. have launched the first-ever line of Stan Lee -edition 'phygital' collections during San Diego Comic-Con. This innovative collaboration blends fine art with smart fashion, featuring original artwork from renowned artists Rob Prior, Burton Morris, and Bill Sienkiewicz.

The collection includes digital collectibles and -edition apparel such as hoodies ($99), suede bomber jackets ($149.99), and leather jackets ($250). Purchasers of the apparel items can redeem two digital collectibles on VeVe, including a Gold and Silver King of Cameos Stan Lee Chibi style digital collectible and a corresponding Stan Lee Fine Art digital collectible. Each apparel piece also contains an Easter Egg unlocking access to Stan Lee Universe Exclusive Drop 2, featuring 60 artist-signed physical portraits.

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Kartoon Studios (NYSE American:TOON) has partnered with LiveOne, Inc. (NASDAQ: LVO) to produce, publish, and distribute original music for the upcoming Winnie-The-Pooh megabrand. This collaboration is expected to drive significant revenue, building on the franchise's $80 billion retail sales history. The partnership includes:

1. Production of music for Kartoon Studios' Winnie-the-Pooh films and series
2. A feature film, 'A Hundred Acre Christmas,' premiering on December 24, 2025, via Amazon Prime Video
3. Five holiday specials and a 104-episode animated series
4. A global retail program launch concurrent with the holiday movie debut

The project is supported by a $30 million non-dilutive production financing led by Catalyst Venture Partners, aiming to capitalize on the franchise's enduring popularity and potential for music royalties.

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Kartoon Studios (NYSE American: TOON) announces the expansion of Kartoon Channel Worldwide, now available in 57 territories with an audience reach of approximately 1.6 billion people. The channel has launched a fully dedicated 24/7 service on Link Net in Indonesia, the world's 4th largest territory, reaching a potential audience of nearly 300 million.

The channel offers a diverse mix of high-quality children's series and movies, including Kartoon Studios' originals and licensed classic content. This expansion follows the recent news of Kartoon Channel's profitability and paid subscriber growth in the U.S., with a 120% surge in paid subscribers on Amazon Prime Video from June 2023 to June 2024.

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Kartoon Studios (NYSE American: TOON) reports positive trends for Kartoon Channel! in Q2 2024, continuing gains from 2023 and Q1 2024. Paid subscribers on Amazon Prime Video have surged by 120% year-over-year from June 2023 to June 2024. The platform is now carried on 16 platforms in the US and aims to become the 'Netflix for Kids'.

Kartoon Channel! achieved breakeven by the end of 2023 and became profitable in Q1 2024. Besides Amazon Prime, the channel saw a 28% year-over-year growth in paid direct-to-consumer streaming subscribers across all its services. Management attributes this growth to strategic execution and network expansion, led by Todd Steinman, President of Kartoon Studios’ Toon Media Networks.

The channel's top performers include Super Mario 3, Shaq’s Garage, Rainbow Rangers, Peppa Pig, and Angry Birds. The commercial-free $3.99/month subscription on Amazon Prime is particularly popular. Looking ahead, the launch of exclusive 'Winnie-the-Pooh' episodes in 2025 is expected to drive further growth.

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Kartoon Studios' Chairman and CEO, Andy Heyward, issued a letter to shareholders following the announcement of their new production, 'Kartoon Studios Winnie-The-Pooh,' and the securing of $30 million in non-dilutive production funding.

The financing was led by Catalyst Venture Partners, which means no additional shares will be issued, thereby avoiding shareholder dilution. This development represents a significant milestone for Kartoon Studios as it aims to expand its portfolio and capitalize on the timeless popularity of the Winnie-The-Pooh franchise.

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Kartoon Studios has announced the formation of a high-profile team to drive the development, production, and global distribution of 'Kartoon Studios’ Winnie-The-Pooh,' set to premiere on Christmas Eve 2025.

The project is backed by a $30 million non-dilutive funding led by Catalyst Venture Partners. Ryan Gagerman, a former Paramount Pictures executive, will lead the global consumer products rollout. The production team includes Emmy-winning director Michael Maliani and Sam Morrison, a writer from 'Peppa Pig.'

Paul Robinson, former Disney Channel Worldwide Managing Director, will handle international sales. The team aims to build a powerful global entertainment brand and drive substantial revenue through licensed consumer products.

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Kartoon Studios announces its largest project ever, a 'Winnie-the-Pooh' megabrand, set to launch on Amazon Prime Video and through a nationwide retail program with Alliance Entertainment. The $30 million project, funded by Catalyst Venture Partners, includes an animated holiday movie debuting December 24, 2025, five specials, and a 104-episode series. The series features a unique 'yarn-based' design and modern stories inspired by A.A. Milne's classic books, aiming to build a global brand with family-friendly values.

Alliance Entertainment will distribute 'Winnie-the-Pooh' merchandise nationwide. The project promises significant profitability, leveraging AI for production efficiency. The initiative celebrates the 100th anniversary of Milne's original publication, with the content developed to bring new depth and warmth to the beloved characters.

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Kartoon Studios (NYSE American: TOON) reported a profitable first quarter in 2024 for its Kartoon Channel! streaming service, which now outperforms Disney+ in Apple App Store rankings. The company reduced direct operating costs by over 60% year-over-year and 29% sequentially. CEO Andy Heyward projects company-wide profitability by Q2 2025. Significant strides include launching a Stan Lee Universe store on Amazon, partnering with digital collectibles platform VeVe, and introducing a YouTube channel, 'Stan Lee Presents,' which gained 300,000 subscribers. The company also announced the implementation of AI technologies with Nvidia Omniverse to enhance its animation production. Kartoon Studios reported $6.1 million in revenue for Q1 2024, with no long-term debt and healthy financials. The company plans a major brand announcement later in the quarter.

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Kartoon Studios, Inc. (NYSE AMERICAN: TOON) partners with GFM Animation to produce five animated feature films from the Stan Lee Universe, aiming to bring Stan Lee's iconic creations to a global audience. The collaboration signifies a significant milestone in developing projects from the extensive SLU catalog, with a focus on appealing to a broad demographic and families. The partnership will see the creation of high-quality animated films based on Stan Lee's original ideas, with the first three treatments set to be presented at the Cannes Film Festival.

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Kartoon Studios Inc. completes the first tranche of a registered direct offering of common stock and pre-funded warrants for up to $7.0 million, closing the initial purchase of $4.0 million of common stock and pre-funded warrants. The company issued 3,900,000 shares and 100,000 pre-funded warrants on April 23, 2024, with the potential for an additional 3,000,000 shares and/or pre-funded warrants to be sold to the investor in subsequent closings. The offering was made through a shelf registration statement and was facilitated by EF Hutton as the sole placement agent.
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FAQ

What is the current stock price of Kartoon Studios (TOON)?

The current stock price of Kartoon Studios (TOON) is $0.568 as of December 20, 2024.

What is the market cap of Kartoon Studios (TOON)?

The market cap of Kartoon Studios (TOON) is approximately 21.8M.

What is Kartoon Studios Inc. known for?

Kartoon Studios Inc. (TOON) is renowned for creating, producing, and distributing branded animated entertainment for children and families.

Which popular shows are produced by Kartoon Studios?

Popular shows from Kartoon Studios include Stan Lee's Superhero Kindergarten, Shaq's Garage, Rainbow Rangers, and the Netflix Original Llama Llama.

How can I access Kartoon Channel! content?

Kartoon Channel! content is available across multiple platforms, including Apple TV, Roku, Amazon Fire, and mobile apps. It is also accessible on major cable providers like Comcast and Cox.

What recent achievements has Kartoon Studios accomplished?

Recent achievements include the profitability of Kartoon Channel!, a new partnership with VeVe for Stan Lee digital collectibles, and the launch of the GADGET A.I. toolkit for improved content production.

What platforms is Kartoon Channel! available on?

Kartoon Channel! is available on Apple TV, Roku, Amazon Fire, Android TV, Tubi, Xumo, and many more platforms.

What is GADGET A.I.?

GADGET A.I. is an advanced AI toolkit developed by Kartoon Studios to enhance the production and distribution of animated content, reducing costs and improving quality.

How is Kartoon Studios performing financially?

Kartoon Studios has shown strong financial performance with profitability in its streaming services, substantial revenue growth, and no long-term debt as of Q1 2024.

What are Kartoon Studios' future plans?

Future plans include expanding globally, launching new animated content, and further leveraging AI to streamline content production and distribution.

Who are some notable partners of Kartoon Studios?

Notable partners include VeVe for digital collectibles, and leading platforms like Amazon Prime Video, Apple TV, and Roku for content distribution.

Where can I find more information about Kartoon Studios?

More information can be found on the company's official website: www.kartoonstudios.com.

Kartoon Studios, Inc.

NYSE:TOON

TOON Rankings

TOON Stock Data

21.77M
41.43M
6.54%
7.55%
4.55%
Entertainment
Services-motion Picture & Video Tape Production
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United States of America
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