Hello Everyone,
Minutes before the opening bell we saw our profile for today, TOON, drop extremely encouraging news that speaks to the type of products they are putting out for consumers.
The market reacted and we saw TOON top 2.40 before hitting a bit of resistance.
Read today's news and research the company if you haven't already.
Streaming Business Achieves 82% Year-Over-Year Improvement in First Half of 2023
Kartoon Channel’s User Rankings in the Apple App Store Remain at 4.9; Above All Major Competitors
BEVERLY HILLS, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today announced its streaming service business, including Kartoon Channel!, which premiered just three years ago, continues to grow across all major metrics, led by viewership and consumption.
In the Apple app store, Kartoon Channel! is now ranked by users at 4.9 out of 5 stars, besting most of its major competitors, including both YouTube Kids, and Disney+.
Kartoon Channel! has firmly established itself as a top-tier entertainment destination for safe, responsible content for children, which is positive, non-violent, and without negative stereotypes. The service has reached nearly 100% penetration of U.S. television households and is available across a broad range of platforms, including iOS, Android Mobile, Amazon Prime Video, Apple TV, Amazon Fire, Android TV, Roku and The Roku Channel, Pluto TV, Comcast, Cox, Dish, Sling, YouTube, Samsung, and LG smart TVs and more.
Kartoon Studios’ Chairman & CEO, Andy Heyward stated: “With superb management, led by Todd Steinman, along with proven content and strong positive positioning, we are building a valuable distribution platform and asset base to last for years to come. Overall, we could not be more excited by the outlook for Kartoon Channel! and the growth opportunities in the coming months and years.”
“While many of the streamers have chased viewers at the cost of profits, Kartoon Channel! has taken a measured approached, since launching the service three years ago. Our investment has been steady, but responsible, and our streaming business is very near profitability, which would be a monumental achievement, relative to other companies in our industry,” said Todd Steinman, President of Toon Media Networks, who oversees the Company’s Kartoon Channel!, Ameba, and Frederator Networks.
Internationally, under the oversight of Paul Robinson, President of Kartoon Channel! Worldwide and former Managing Director of Disney Channel Worldwide, the service continues to expand in key territories around the world, spanning North and South America, Europe, Asia, Africa, and Australia.
About Kartoon Channel!
Available everywhere and anywhere kids are today, Kartoon Studios’ Kartoon Channel! is a family entertainment destination that delivers 1000s of episodes of carefully curated and safe family-friendly content. The channel features original content, including Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, Rainbow Rangers, and Shaq’s Garage, starring Shaquille O’Neal and Rob “Gronk” Gronkowski. Kartoon Channel! also delivers animated classics for little kids, such as Peppa Pig Shorts, Super Simple Songs, Melodee’s, Finny the Shark, Strawberry Shortcake, as well as content for bigger kids, like Angry Birds and Yu-Gi-Oh! Kartoon Channel! also offers STEM-based content through its Kartoon Classroom, and Spanish language programming through the KC En Espanol collection.
Kartoon Channel! is available across multiple platforms, including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku and The Roku Channel, Pluto TV, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, Samsung and LG Smart TVs.
Internationally, Kartoon Channel! is currently available in key territories around the world, including) Africa and Sub-Sahara Africa (StarTimes), Australia and New Zealand (Samsung TV Plus), Germany (Waipu), Philippines (Tapp Digital) and Maldives (Dhiraagu). Kartoon Channel! Branded blocks are also currently available daily in 69 countries across the Middle East, Africa, Latin America, and Europe.
About Kartoon Studios
Kartoon Studios (NYSE AMERICAN: TOON) is a global end-to-end creator, producer, distributor, marketer, and licensor of entertainment brands. The Company’s IP portfolio includes original animated content, including the Stan Lee brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal, on Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and Netflix; the Netflix Original, Llama Llama, starring Jennifer Garner, and more.
In 2022, Kartoon Studios acquired Canada’s WOW! Unlimited Media and made a strategic investment becoming the largest shareholder in Germany’s Your Family Entertainment AG (FRA:RTV), one of Europe’s leading distributors and broadcasters of high-quality programs for children and families.
Toon Media Networks, the company’s wholly-owned digital distribution network, consists of Kartoon Channel!, Kartoon Channel! Worldwide, Frederator Network, and Ameba. Kartoon Channel! is a globally distributed entertainment platform with full penetration of the U.S. television market and international expansion underway with launches in key markets around the world, including Germany, Malaysia, India, Africa and Sub-Sahara Africa, Australia, New Zealand, Philippines and Maldives. Kartoon Channel! and Ameba are available across multiple 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 TVs. Frederator Network owns and operates the largest global animation network on YouTube, with channels featuring over 2000 exclusive creators and influencers, garnering billions of views annually.
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