Genius Brands International (NASDAQ:GNUS) is moving higher on thursday. The stock has gained almost 25% over the past 2 weeks following a 55% fall from March. The stock has lost 85% from its 52-week high.
Genius Brands’ Top-Ranked Kartoon Channel! Continues to Expand Offering With 240 Hours of Proven Hit Content Coming to the Platform
- Following the successful premiere of Stan Lee’s Super Hero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!, Genius Brands International, Inc. (“Genius Brands”) (NASDAQ:GNUS), continues to grow its content offering with the acquisition of proven hit series from award-winning third party producers.
- Since launching in June 2020, Kartoon Channel!, which is now widely available and fully distributed in the U.S. across all platforms, has significantly expanded its catalog of original and third-party programming. On April 23, 2021, Genius Brands launched its first Kartoon Channel! original, Stan Lee’s Superhero Kindergarten, which has since garnered over 22 million views, making it one of the fastest growing children’s series today.
- The new content acquisitions for Kartoon Channel! include classic evergreen and new popular series and feature films. From WildBrain, Genius Brands has licensed the rights to Super Mario Bros. (13×30’); Adventures of Paddington Bear (13×30’). Trollz (27×30’); Madeline (13×30’); and Liberty’s Kids (40×30’).
Jon Ollwerther, President of Kartoon Channel, and EVP of Business Development of Genius Brands commented: “We are continuing to grow Kartoon Channel! each month, with more and more viewers enjoying what we believe is the very best combination of original, exclusive, and acquired content in the kid’s entertainment industry, including our hit Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger.
Market Action
As of 12:03, GNUS stock is trading up by 3.01% to $1.71. The stock has witnessed a total volume with 4.22 million shares, compared to its average volume of 26.38 million. The stock has moved within a range of $1.6800 – 1.7500 after opening the trade at $1.72.
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