Kartoon Studios And GFM Animation Partner To Develop And Produce First Slate Of Five Animated Feature Films From Stan Lee Universe

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 through mutual selection for their potential to appeal to a broad audience demographic and families. GFM has assembled team of LA-based talented writers with previous experience of working across Marvel projects, to develop the first scripts, working alongside the GFM team in London and Kartoon Studios. The first three treatments will be ready for presenting to distributors at the forthcoming Cannes Film Festival.