US-based children’s entertainment company Genius Brands International has changed its name to Kartoon Studios and will transfer its listing from the Nasdaq Capital Market to the NYSE American exchange.
The LA-headquartered studio, which owns the rights to certain IP created by comic book writer and Spider-Man co-creator Stan Lee, said the move heralds the label’s “next phase of growth” in the production, distribution and licensing of kids’ content.
The rebrand comes after the company has made several acquisitions over the past year, including taking a majority stake in Germany’s Your Family Entertainment, plus acquiring Canada’s Wow! Unlimited Media and its subsidiaries Frederator Studios, Frederator Network and Mainframe Entertainment.
“We now have capabilities to do everything in-house, from content creation to production, distribution and global merchandising,” said Andy Heyward, Kartoon Studios chairman and CEO.
Kartoon Studios produces content such as Shaq’s Garage for Pluto TV and Stan Lee’s Superhero Kindergarten for its own Kartoon Channel.
The company caused controversy earlier this year for using artificial intelligence (AI) technology to make shows like Kidaverse Fast Facts. As reported by C21, some children’s TV producers blasted the development as “horrifying” and “downright scary,” but the company defended the use of AI as a “digital assistant.”
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