Kartoon Studios Continues Execution of Growth Strategy With Profitability Targeted for Q2 2025; Provides Business Update for the First Quarter of 2024
Kartoon Studios, Inc. (TOON)
Company Research
Source: GlobeNewswire
Kartoon Channel!'s Streaming Business Achieved Profitability in the First Quarter of 2024 and Continues Growth; User Rankings in Apple App Store Now Beat Disney+; Operational Efficiencies Expected to Drive Company-Wide Profitability Direct Operating Costs Reduced by Over 60% in the First Quarter of 2024 Compared to Same Period in 2023; 29% Reduction Sequentially Compared to the Fourth Quarter of 2023 Flagship Brand, “Stan Lee Universe,” Grows Across Multiple Sectors: New Store on Amazon; New Partnership with World’s Largest Digital Collectibles Platform, “VeVe” for Collectibles; and New YouTube Channel, 'Stan Lee Presents,' Debuts with Over 300,000 Subscribers, Driving Revenues and Enhancing Global Fan Engagement, with Marvel Mastermind Company Launches New AI Initiative Using Nvidia Omniverse, Revolutionizing Animation Pipeline; Mega-Brand to be Announced in Q2 2024 Company Takes in Cash to Enhance Liquidity as Catalogue of
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TOON
News
- Kartoon Studios Chairman and CEO Provides Letter to Shareholders Following Announcement of “Kartoon Studios Winnie-The-Pooh” and $30m of Non-Dilutive Production FundingGlobeNewswire
- Kartoon Studios Announces Winnie-The-Pooh Business and Creative All-Star Team on the Heels of Securing $30m of Non-Dilutive Production FundingGlobeNewswire
- Kartoon Studios to Launch “Winnie-The-Pooh” Megabrand on Amazon Prime Video, Alongside Nationwide Retail Program in Partnership with Alliance Entertainment, Leading Distributor of Movies and Music to Major Retailers and EcommerceGlobeNewswire
- Kartoon Studios and GFM Animation Partner to Develop and Produce First Slate of Five Animated Feature Films From Stan Lee UniverseGlobeNewswire
- Kartoon Studios Inc. Completes First Tranche of Registered Direct Offering of Common Stock and Pre-Funded Warrants for up to $7.0 Million; Closes Initial Purchase of $4.0 Million of Common Stock and Pre-Funded WarrantsGlobeNewswire
TOON
Sec Filings
- 6/21/24 - Form 8-K
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- TOON's page on the SEC website