Kartoon Studios Announces Significant Increase in Content Production Planned for 2024

Kartoon Studios announces a significant increase in content production and development planned for 2024 for the Company’s Kartoon Channel!, Frederator Networks, Mainframe Studios, as well as major broadcasters and streamers, including Netflix, Disney Channel, and others. The Company has also appointed Gregg Goldin, former creative executive at DreamWorks Animation, Cartoon Network and MTV, to the newly created position of Senior Vice President, Development & Production.

Kartoon Studios kicks off 2024 with a roster of properties in production and/or development, including Stan Lee’s Cosmic Crusaders and three series for Frederator Networks: Land of Boggs; Chikn’ Nuggit, in partnership with BuzzFeed Animation Lab; and an adult animated comedy series in partnership with Wheelhouse DNA, starring internet sensation Adam W, who was named one of “The 20 Most Influential Creators” by Rolling Stone Magazine with over 50 million followers across his channels.

Goldin joins Kartoon Studios with over twenty years of experience in animation and live-action content development and production, overseeing highly successful movies and series across multiple genres, including DreamWorks Animation’s blockbuster franchises How to Train Your Dragon, Kung Fu Panda, and Fast & Furious. In this new role, Goldin will be responsible for heading up development and production for both new and original IP to deliver to the marketplace. Goldin will report jointly to Kartoon Studios’ Chairman & CEO Andy Heyward and COO Michael Jaffa.

Brian Parisi, Chief Financial Officer, commented, “We have significantly streamlined our operations and have built a highly scalable infrastructure. With the increase in content production and other initiatives to be announced in early 2024 to drive revenue, we are well on our way to achieving our goal of sustained profitability. It should be noted that our streaming service Kartoon Channel! achieved break even in 2023, only three years after launch, and is expected to move to profitability in 2024, alongside Netflix. Kartoon Channel! continues to dominate the User Rankings in the Apple app store among all services delivering kids’ content.”

Andy Heyward noted, “As we enter a significant phase of growth in our development and production pipeline this year, with productions in the works for our Kartoon Channel! and Frederator Networks, we are thrilled to welcome a creative executive with Gregg’s pedigree to drive our content business. He has managed the development of some of the industry’s most successful franchises while at DreamWorks and Cartoon Network, and he will be an invaluable asset as we continue to build our IP catalog for global distribution. As Kartoon Channel achieved breakeven this last year, and drives to enhance profitability in 2024, Gregg will be pivotal in fueling the service with top tier content, as he did so successfully for DreamWorks Animation at Netflix.”

“Andy has made enormous contributions to the animation industry over the years, and I’m thrilled to work with him and the team at Kartoon Studios as we significantly ramp up over the next couple of years with new IP coming to market,” stated Goldin.

Goldin joins Kartoon Studios following a ten-year tenure at DreamWorks Animation where he served as Vice President of Current Series, overseeing multiple series in production. In this capacity, he also generated and pitched show presentations to marketing, franchise partners, publishers, retail buyers and network/streamers, facilitating new series launches and providing opportunities for consumer product programs.

Prior to DreamWorks Animation, Goldin guided the development and production of live-action and animated series and pilots at Cartoon Network, as well as a slate of original made-for-TV movies for seven years as Director of Development, Current & Original Series. Projects included two Ben 10 live-action features and Scooby-Doo prequel movies, among others. Previously, he served as Director of Development at MTV Films, contributing to the development and production of a robust slate of feature films, including Crossroads (Britney Spears), Jackass: The Movie, Save the Last Dance (Julia Stiles), Aeon Flux (Charlize Theron) and Fighting Temptations (Beyoncé).

Kartoon Channel To Rollout Brand New Series, Chikn Nuggit

Through its Frederator Network subsidiary, Genius Brands International, Inc. (NASDAQ: GNUS until June 26th after which the company rebrands to Kartoon Studios and trades on the NYSE AMERICAN: TOON) and BuzzFeed (NASDAQ: BZFD) to develop the latest animated series, Chikn Nuggit, as part of the companies’ exclusive first-look content deal announced earlier this year.

Frederator Network and BuzzFeed’s Animation Lab will develop a premium content series for digital hit Chikn Nuggit based on the original shorts created by Kyra Kupetsky. With over 1 billion views to date on social platforms, Chikn Nuggit is a gender-inclusive, online animated comedy series about a weird, long-eared dog named Chikn Nuggit and his fast-food-named friends. The shorts have attained the a
doration of millions of fans worldwide for their sweet and surreal adventures and comedic, adorable antics. Chikn Nuggit premiered in October 2020 on TikTok, Twitter and Instagram and has since amassed over 300 short-form videos and over 8 million followers.

Frederator Director of Development Isabel Schultz will head global content sales. In addition, Genius Brands’ consumer products’ division will develop the Chikn Nuggit retail program and a full IP slate in close partnership with BuzzFeed Animation Lab.

Michael Hirsh, CEO of WOW! Unlimited Media, the parent company of Frederator Network, stated: “We are pleased further to expand our roster of original animated series with BuzzFeed, giving the global fans of wildly popular IP, such as Chikn Nuggit, more of what they love.”

Zee Myers, Head of BuzzFeed Animation Lab, commented: “Millions of fans have let us know that they need the Chikn Nuggit animated series! We can’t wait to continue expanding our content universe for our global community in partnership with Frederator, a pioneer in animation and television.”

Genius Brands International Becomes Kartoon Studios

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.”