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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 CEO Andy Heyward and CFO Brian Parisi to Participate in the Benzinga All Access Event on February 13th at 11AM Eastern Time

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Kartoon Studios (TOON) executives to participate in Benzinga All Access event. The event will be live-streamed on February 13, 2024, at 11AM Eastern Time. Viewers can watch the event on YouTube and access the recording later on the company's investor relations website.
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Kartoon Studios and Penguin Young Readers Launch New “Llama Llama” Merchandise Retail Promotional and Charitable Program at Kohl’s

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Kartoon Studios, Inc. (NYSE American: TOON) partners with Penguin Young Readers and Kohl’s to launch new nationwide retail promotions for 'Llama Llama' products. The first promotion debuted in February 2024, featuring a plush toy & book set, while the second promotion is planned for April 2024. New licensing partners Spirit and YOTTOY have been added to expand the merchandise program. The products will be available at Kohl’s stores nationwide and Kohls.com through the Kohl’s Cares collection, with profits benefiting non-profit organizations. Kartoon Studios aims to continue growing the 'Llama Llama' brand with the addition of new licensees and quality products.
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Kartoon Studios Announces Significant Increase in Content Production Planned for 2024

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Kartoon Studios (TOON) announces a significant increase in content production and development planned for 2024 for the Company’s Kartoon Channel! and other major broadcasters and streamers, including Netflix, Disney Channel. The company appointed Gregg Goldin, former creative executive at DreamWorks Animation, Cartoon Network, and MTV, to the newly created position of Senior Vice President, Development & Production. The Chief Financial Officer cited initiatives to increase revenue and streamline operations as key factors expected to drive the company towards sustained profitability. Kartoon Channel! achieved break even in 2023 and is expected to move to profitability in 2024, alongside Netflix. Goldin will be responsible for heading up development and production for both new and original IP to deliver to the marketplace.
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Kartoon Studios Provides Business Update for the Third Quarter of 2023

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Kartoon Studios (TOON) anticipates growth following industry slowdown and expects break-even EBITDA in Q4 2023. The company benefitted from post-strike content demand and new orders, with Mainframe Studios seeing a robust pipeline of new content. The new CFO, Brian Parisi, aims to drive value creation and sustainable earnings.
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Kartoon Channel!’s Hit Series, “Shaq’s Garage,” Starring Shaquille O’Neal, Launches on Youtube and Tubi

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Kartoon Studios expands the reach of 'Shaq's Garage' series on YouTube Kids and Tubi
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Kartoon Studios Appoints Entertainment, Media and High-Tech Industry Executive, Brian Parisi, as Chief Financial Officer

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Kartoon Studios appoints Brian Parisi as CFO to drive growth and shareholder value. Company aims to reduce operating costs and optimize financial performance. Parisi brings 30 years of experience in entertainment, media, and high-tech industries.
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Legible Secures Worldwide Rights to Stan Lee's Workforce in Landmark Deal With Kartoon Studios

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Legible Inc. selected by Kartoon Studios to publish and distribute Stan Lee's Workforce, expanding its partnership and positioning itself as an emerging global publisher.
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Kartoon Studios Creates Limited-Edition Digital Artwork Commemorating Transition to the New York Stock Exchange

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Kartoon Studios (NYSE American:TOON) offers exclusive AI-enhanced digital art to shareholders of record on June 26, 2023, to commemorate its first day trading on the NYSE. The art features characters from popular animated content including Warren Buffett’s Secret Millionaires Club, Shaq’s Garage, Llama Llama, Stan Lee’s Superhero Kindergarten, and Rainbow Rangers.
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Kartoon Studios Provides Business Update for the Second Quarter of 2023

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Kartoon Studios provides Q2 2023 business update, citing revenue decline due to industry-wide slowdown caused by anticipated and ongoing strikes. However, orders are picking back up and significant series are expected to greenlight soon. Kartoon Channel! sees significant growth and is less dependent on third-party networks. The company is encouraged by growing projects, including the successful launch of Shaq's Garage. Kartoon Studios also announces initiatives to leverage and monetize the Stan Lee brand. Expense reductions have been implemented, and the company reports revenue of $11.0 million and $25.2 million for the three and six months ended June 30, 2023.
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Kartoon Studios’ Kids and Family Streaming Business Records Rapid Growth

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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