Kartoon Studios, Inc. - TOON STOCK NEWS

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.

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.

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.

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.

Kartoon Studios Inc. announces the pricing of a registered direct offering of up to $7 million of common stock and pre-funded warrants. The offering is priced at $1.00 per share of common stock and $0.99 per Pre-funded Warrant, targeting institutional investors. The first tranche of the offering includes 4,000,000 shares for gross proceeds of $4,000,000.

Kartoon Studios unveils 'Gadget A.I.' to revolutionize animation production and distribution. The AI toolkit aims to save 75% of current animation production costs while enhancing speed-to-market efficiencies. Todd Steinman leads the initiative, leveraging AI technologies to optimize production processes and reduce time to market. The integration of NVIDIA Omniverse and AI tools will elevate animation quality and streamline production workflows, without compromising job opportunities. 'Gadget A.I.' will encompass various production services, including character design, scriptwriting, music, animation, resolution enhancement, and dubbing, all aimed at enhancing workflow efficiencies and accelerating global market entry for content.

Kartoon Studios partners with VeVe and Multiverse Clothing Company Inc. to create -edition Stan Lee collectibles by renowned artists Rob Prior, Burton Morris, and Punk Me Tender. The 'phygital' collections will blend fine art with smart fashion and include digital collectibles. Launches are planned for June and July around San Diego Comic-Con.

Kartoon Studios executives to discuss latest developments on Benzinga All Access show.

Kartoon Studios (TOON) achieves profitability in the first two months of 2024 with record-breaking subscriber numbers in January and February. Free trials and conversions to paid subscriptions surge by nearly 50% compared to the previous year. The company reports revenue and EBITDA breakeven in Q4 2023, attributing success to subscriber growth, reduced acquisition costs, and quality content. Kartoon Channel! reaches almost 100% of U.S. households, with a focus on family-friendly entertainment and user satisfaction. International expansion targets 1.8 billion viewers, solidifying its position as a leading children's content provider.