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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.

News

Kartoon Studios Inc. Announces Pricing of up to $7 Million Registered Direct Offering of Common Stock

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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.
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Kartoon Studios Unveils ‘Gadget A.I.’

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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.
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Kartoon Studios’ Partners With World’s Largest Digital Collectibles Platform, VeVe, and Multiverse Clothing Company Inc. for First Ever Line of Stan Lee Limited-Edition “Phygital” Collections

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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.
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Kartoon Studios CEO Andy Heyward and Todd Steinman, President of Toon Media Networks to Appear Today on Benzinga All Access at Approximately 12:00 Noon Eastern Time

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Kartoon Studios executives to discuss latest developments on Benzinga All Access show.
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Kartoon Studios’ Kartoon Channel! Streaming Business Hits Profitability Milestone

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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.
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Kartoon Studios Launches “Stan Lee Presents” on YouTube

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Kartoon Studios (TOON) launches 'Stan Lee Presents' channel on YouTube, curated by Stan's collaborators, offering exclusive content and rare materials. The channel will feature Stan Lee's personal archives, comic books, interviews, and sneak peeks of upcoming projects. The subsidiary Frederator Networks plans to release new videos and shorts weekly, expanding throughout 2024. The channel aims to honor Stan Lee's legacy and become a revenue driver for Kartoon Studios through consumer products and a dedicated storefront on Amazon. With a focus on engaging Stan's broad fanbase, the channel will leverage his social media presence to reach millions of followers.
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Kartoon Studios Announces Major Expansion of Stan Lee Business With Launch of Dedicated Stan Lee Store on Amazon.com

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Kartoon Studios, with the ticker symbol TOON, partners with Meteor to launch a dedicated Stan Lee storefront on Amazon, offering a wide range of branded apparel and merchandise. The move aims to engage Stan Lee's global fan base, drive recurring revenue, and foster community growth.
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Kartoon Studios Reports Strong Progress and Provides Business Update for the Fourth Quarter and Full Year of 2023

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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.
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Kartoon Studios’ Kids Media and Marketing Agency, Beacon Media Group, Grows Revenues, Client Base, and Delivers Successful Campaign Results in 2023

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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.
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Kartoon Channel! Achieves Record Revenue, Subscriber Growth, and Global Coverage

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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.
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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.

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Kartoon Studios, Inc.

NYSE:TOON

TOON Rankings

#5269 Ranked by Market Cap
N/A Ranked by Dividends

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
BEVERLY HILLS