80% YEAR-OVER-YEAR REDUCTION IN LOSSES; COMPANY POISED FOR CONTINUED REVENUE GROWTH AND REACHING SUSTAINED PROFITABILITY IN 2025 WITH REBOUND IN ANIMATION PRODUCTION PIPELINE AND CONTINUING PROFIT IN CHILDREN'S CHANNEL SYSTEM LARGEST REVENUE UNIT, MAINFRAME, SURGING WITH 145 EPISODES IN PRODUCTION FOR NETFLIX, DISNEY, SONY, SPINMASTER, AND MULTIPLE GLOBAL BROADCASTERS HIGHLY ANTICIPATED A.A. MILNE'S WINNIE-THE-POOH, TO RELEASE SNEAK PEEK ANIMATION TRAILER FEATURING TWO NEW FEMALE CHARACTERS BEVERLY HILLS, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) today provided a business update for the quarter ended September 30, 2024. Key Highlights Second con

Executive Producer of Batman, Michael Uslan, to Co-Develop and Produce Based on Original Stan Lee Creation BEVERLY HILLS, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios, the controlling partner of Stan Lee Universe (NYSE:TOON), today announced the development plans for Stan Lee's The Excelsiors – one of the largest initial superhero ensemble creations by the legendary Stan Lee. The project will launch as a graphic novel through Legible Comics, with concurrent development for television and film adaptations. Stan Lee's The Excelsiors will be brought to life by one of the most successful names in the superhero genre – Michael Uslan – Originator and Executive Producer of the B

Roblox Rumble Leads Programming for the Newly Launched Channel BEVERLY HILLS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) today announced it has launched Kartoon Channel's videogame FAST channel through Samsung TV Plus in three large European territories – the UK, Italy, and Spain. In addition, through a joint venture with Power Kids, Kartoon Channel will be offered in India, one of the largest television markets in the world. These new territories will immediately provide Kartoon Channel with a footprint of over 1.5 billion new viewers. Tapping into kids' appetite for videogame content, Kartoon Channel's new "Video Game Heroes" FAST channel feature

Mainframe currently has multiple series in production for industry giants that include Spin Master, Sony Kids, and Disney Company secures series orders for over 145 episodes, strengthening a continuing work pipeline through 2025 and 2026 VANCOUVER, British Columbia and BEVERLY HILLS, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) today provided a business update for its affiliated animation production arm and largest revenue unit, Mainframe Studios. The Company is reporting that Mainframe Studios is moving toward continued growth amid a strong business rebound following the settlement of the WGA and SAG strikes. The studio has secured series orders for over 145

Series taps the popular Roblox game, which is played by over 30 million every day Third season to launch globally on Kartoon Channel in 60 territories, including North America, Asia, Europe, Africa, and The Middle East Winners receive prizes that include iPhones, iPads, custom Nike shoes, and a PlayStation 5 BEVERLY HILLS, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) today announced it will launch a Roblox-based competition series for kids, which will premiere this Fall on the company's rapidly growing streaming service Kartoon Channel. Tapping into the game's massive audience played by over 30 million every day, the third season of Kidaverse Roblox Rumble w

LOS ANGELES, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) and LiveOne (NASDAQ:LVO) are thrilled to announce an exciting new partnership that will bring three dynamic channels of music and video content to audiences of all ages. This collaboration combines both companies' creative expertise and distribution power to deliver tailored entertainment experiences across multiple platforms. The partnership will introduce three distinct channels: 1. Baby Genius: Aimed at children aged 2-8, this channel will offer engaging and entertaining content to stimulate young minds. From animated adventures to sing-along music, Baby Genius is expected to become the ultimat

First season significantly contributed to subscriber and revenue growth and profit for the Company's Kartoon Channel! streaming business Baby Shaq nursery rhyme series to roll out in Q4 BEVERLY HILLS, Calif., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) today announced a second season of the hit animated kids' series, Shaq's Garage, is now available to stream via its kid-friendly streaming business Kartoon Channel! Shaq's Garage: Maximum Horsepower can be viewed on Amazon Prime Video Channels, Tubi, Pluto, Xumo, Comcast, Cox, Dish, Sling, and via the Kartoon Channel! app on Apple iOS, Android mobile, Android TV, Apple TV, Amazon Fire, Roku, Samsung and LG Smart T

BEVERLY HILLS, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON) today provided a business update for the quarter ended June 30, 2024. The Company's Chairman & CEO, Andy Heyward, also provided a letter to shareholders, which is available HERE. Key Highlights Kartoon Channel! streaming service emerges as one of the premier kids' entertainment hub; 120% growth in Amazon Prime subscribers from June 2023 to 2024; profitability of streaming services continues growing monthlyDistribution across 16 platforms including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku, Pluto TV, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, Samsung and LG Smart

  BEVERLY HILLS, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE:TOON), the controlling partner of Stan Lee Universe, LLC, celebrates a tremendously successful 2024 San Diego Comic-Con roll-out of multiple Stan Lee Universe activations, including the debut of limited-edition apparel and digital collectibles from Multiverse Clothing and VeVe; signings with celebrated pop culture artists at VeVe's booth, and the Stan Lee: The Next 100 Years panel last Saturday, which offered a sneak-peek into what's coming from Stan Lee Universe, as well as an EXCLUSIVE STAN LEE TRAILER looking at the icon himself. "On the heels of a world record weekend box office for Deadpool & Wolverine,

Partnership Anticipated to Drive Significant Revenue A.A. Milne's Classic Books Gave Rise To $80 Billion in Retail Sales with Millions in Music Royalties BEVERLY HILLS, Calif., July 22, 2024 (GLOBE NEWSWIRE) -- Following Kartoon Studios' (NYSE:TOON) recent landmark announcement regarding the 2025 holiday premiere of "Kartoon Studio's Winnie-The-Pooh" animated feature, followed by holiday specials and a series, the Company today announced a broad partnership with LiveOne, Inc. (NASDAQ:LVO), an award-winning, creator-first music, entertainment, and technology platform. LiveOne will produce, publish, and distribute all music for Kartoon Studios "Winnie-the-Pooh" films and series, including

Former NFL Hall of Fame, Live Nation Entertainment, Warner Bros. & Universal Studios Executive to Lead The Global Financial Strategy to Drive Further Growth and Shareholder Value Kartoon Studios Prepares for Q4 Initiatives, Including New Developments for the Stan Lee brand, Shaq's Garage, Blue Origin Space Rangers, and Kartoon Channel! Streaming Service BEVERLY HILLS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Following major developments over the past year, including brand and digital platform launches, a name change and transition to the NYSE (TOON), Kartoon Studios (the "Company" or "Kartoon Studios") today announced the appointment of finance veteran Brian Parisi as the Company's Chi

Legible Inc. (CSE:READ) (OTCQB:LEBGF) (FSE: D0T) ("Legible" or the "Company") is thrilled to announce the appointment of Messrs. Michael and David Uslan as Strategic Advisors. Renowned for their contributions to the entertainment and publishing industries, the Uslans bring invaluable expertise that will significantly advance Legible's strategic direction as a world-first, browser-based e-reading platform offering cutting-edge multimedia reading experiences driven by enhanced content, strategic partnerships, and brand expansion. Their input and creative insights will be instrumental as Legible develops never-before-seen Stan Lee properties under its recently announced partnership with Kartoo

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Kartoon Studios (NYSE:TOON), the controlling partner of "Stan Lee Universe, LLC," VeVe, the global leader in digital collectibles and comics derived from some of the world's best-known IP, and groundbreaking Multiverse Clothing Company Inc. debut today the first drop in a series of Stan Lee limited-edition fine art digital and apparel collectible releases this year.

Partnership Anticipated to Drive Significant Revenue A.A. Milne's Classic Books Gave Rise To $80 Billion in Retail Sales with Millions in Music Royalties

Following the recent news of Kartoon Channel's continued profitability and paid subscriber growth trend in the U.S., Kartoon Studios' (NYSE:TOON) announces the further expansion of the service outside the U.S., with its launch on a leading provider of high-speed next generation broadband ("NGBB") and cable TV in Indonesia, Link Net (LINK.JK), reaching a potential audience of nearly 300 million in the world's fourth most populous country.

Kartoon Studios' (NYSE:TOON) today provided a letter to shareholders from the Company's Chairman and CEO, Andy Heyward, following the landmark announcement of its new production, "Kartoon Studio's Winnie-The-Pooh," as well as the non-dilutive production financing of $30 million, led by Catalyst Venture Partners.

Following Kartoon Studios' (NYSE:TOON) landmark announcement last week regarding the 2025 Christmas Eve premiere of "Kartoon Studio's Winnie-The-Pooh," the company today announced a team of proven executives to drive the development, production, retail, and global distribution strategy for the property. The development, production, and growth of the property is funded by a non-dilutive production financing of $30 million, led by Catalyst Venture Partners.The global consumer products business will be led by veteran licensing executive, Ryan Gagerman, who has held senior positions at Paramount Pictures, Electronic Arts, and DIC Entertainment. Gagerman, has been appointed Head of Global Licensi

Andy Heyward, Chairman & CEO of Kartoon Studios, stated: "Following a transformative 2023 where we established a foundation for long-term growth and sustainable profitability, we reduced operational losses in the first quarter of 2024, and now project profitability in Q2 2025, as the animated brands and channels continue to expand and grow. Our Chief Financial Officer Brian Parisi's rapid implementation of strict cost discipline since joining us in September 2023 continues to positively affect our bottom line."

Kartoon Studios (NYSE:TOON) reported quarterly losses of $(0.20) per share. This is a 72.97 percent increase over losses of $(0.74) per share from the same period last year. The company reported $6.08 million in sales this quarter. This is a 57.16 percent decrease over sales of $14.19 million the same period last year.

Kartoon Studios, Inc. (NYSE:TOON), the controlling partner of Stan Lee Universe, LLC "SLU", signs a transformative deal with the U.K.'s GFM Animation Limited "GFM," (10 Lives, X Factor In The Jungle, The Day the Earth Blew Up: A Looney Tunes Movie) to develop, finance, and produce a dynamic slate of five animated feature films, marking a significant milestone in the development of projects from the extensive SLU catalogue featuring stories and characters created by legendary comic book creator Stan Lee.Kartoon Studios' new partnership with GFM, which develops, produces, finances, and sells independent movies, aims to bring to life select properties from the SLU catalogue, each project chosen

Gainers Pop Culture Gr (NASDAQ:CPOP) stock increased by 25.8% to $2.15 during Thursday's regular session. The company's market cap stands at $7.2 million. Trump Media & Technology (NASDAQ:DJT) shares increased by 13.97% to $30.09. The company's market cap stands at $4.1 billion. Onfolio Holdings (NASDAQ:ONFO) stock moved upwards by 13.13% to $0.44. The company's market cap stands at $2.2 million. Haoxi Health Technology (NASDAQ:HAO) shares rose 11.11% to $5.0. The market value of their outstanding shares is at $161.2 million. HWH International (NASDAQ:HWH) shares increased by 10.52% to $1.05. The market value of their outstanding shares is at $17.0 million. Lytus Technologies Hldgs (NA

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