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BEVERLY HILLS, Calif. - Kartoon Studios (NYSE American: TOON), a micro-cap entertainment company with a market value of $28 million, has announced a significant distribution deal with Samsung (KS:005930) TV Plus, one of the world’s largest Free Ad-Supported Streaming Television (FAST) platforms. Starting today, Kartoon Channel! is accessible to tens of millions of households in the United States and Canada. This expansion brings a variety of family-friendly programming, including gaming-focused content, to a broader audience via connected Samsung TVs. According to InvestingPro data, the company’s stock has shown strong momentum with a 12.5% gain in the past week, though it remains significantly below its 52-week high.
The channel’s content strategy taps into the gaming culture prevalent among today’s youth, showcasing shows like Kidaverse: Roblox Rumble, which caters to fans of the global gaming phenomenon. The programming slate also features animations based on renowned video game franchises such as Super Mario Bros., Angry Birds, and Talking Tom and Friends, as well as Kartoon Studios’ original series like Rainbow Rangers and classics including Yu-Gi-Oh! and Bakugan. With annual revenue of $32 million and a healthy current ratio of 1.1, the company maintains sufficient liquidity to support its content expansion strategy.
Todd Steinman, President of Toon Media Networks, expressed the importance of providing streaming options that are safe and curated for children, emphasizing that Kartoon Channel! meets this need with its engaging and family-friendly programming. Andy Heyward, CEO of Kartoon Studios, highlighted the channel’s ranking as the top children’s viewing platform in the Apple (NASDAQ:AAPL) app store, outperforming competitors like Netflix (NASDAQ:NFLX), Disney+, PBS Kids, and YouTube Kids. He anticipates that the partnership with Samsung TV Plus will contribute to Kartoon Channel!’s growth and profitability for the studio.
Kartoon Studios is a global creator, producer, distributor, marketer, and licensor of entertainment brands, with a portfolio that includes original animated content and partnerships with notable figures and franchises. The company also owns Toon Media Networks, which comprises Kartoon Channel!, Frederator Network, and Ameba, and has made strategic investments in other media companies to bolster its presence in the children’s entertainment industry.
This expansion is based on forward-looking statements regarding the growth potential of Kartoon Channel! through the partnership with Samsung TV Plus. These statements are subject to risks and uncertainties and should not be considered guarantees of future performance. The information provided is based on a press release statement. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available through their premium service. Subscribers can access 8 more ProTips and comprehensive financial metrics to better evaluate the company’s growth potential.
In other recent news, Kartoon Studios, Inc. has amended a key securities purchase agreement with an investor, as disclosed in a filing with the U.S. Securities and Exchange Commission. The amendment, dated January 15, 2025, modifies the original agreement from December 16, 2024. Key changes include extending the deadline for holding a stockholder meeting to coincide with the company’s annual meeting, which must occur by May 14, 2025. This meeting will address matters related to the original purchase agreement. Additionally, the amendment restricts the company and its subsidiaries from issuing shares of common stock or equivalents and from filing new registration statements until May 31, 2025. The company is also prohibited from engaging in Variable Rate Transactions until the same date. These developments are significant as they outline the company’s commitment to specific restrictions and timelines, potentially impacting strategic decisions. This update follows the company’s recent name change from Genius Brands International (NYSE:TOON), Inc. to Kartoon Studios, Inc.
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