Kartoon Studios Inc. (TOON)
After hours:
- GlobeNewswire
Kartoon Studios Continues Execution of Growth Strategy With Profitability Targeted for Q2 2025; Provides Business Update for the First Quarter of 2024
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 Par
- GlobeNewswire
Kartoon Studios and GFM Animation Partner to Develop and Produce First Slate of Five Animated Feature Films From Stan Lee Universe
BEVERLY HILLS, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios, Inc. (NYSE AMERICAN: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
- GlobeNewswire
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 Warrants
BEVERLY HILLS, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios Inc. (NYSE American: TOON) (“Kartoon Studios” or the “Company”), a global end-to-end creator, producer, distributor, marketer, and licensor of entertainment brands, today announced the consummation of the initial closing of a registered direct offering (the “Offering”) to a certain institutional investor (the “Investor”) pursuant to a securities purchase agreement, dated April 18, 2024, of up to 7,000,000 shares of its com
