Kartoon Studios (NYSE American: TOON) today announced a major
distribution expansion through a partnership with Samsung TV Plus –
one of the world’s largest Free Ad-Supported Streaming Television
(FAST) platforms. Starting today, Kartoon Channel! is now available
to tens of millions of households across the United States and
Canada bringing family-friendly entertainment to connected Samsung
TVs.
With gaming culture at the heart of today’s youth entertainment
landscape, Kartoon Channel! is delivering premium, differentiated
content that resonates with young audiences. The lineup includes
Kidaverse: Roblox Rumble, a must-watch for fans of the global
gaming phenomenon, alongside animation based on legendary videogame
franchises such as Super Mario Bros., Angry Birds, and Talking Tom
and Friends. The channel also features Kartoon Studios’ originals,
including Rainbow Rangers, and classics like Yu-Gi-Oh! and
Bakugan.
“Samsung TV Plus gives us an incredible opportunity to bring
Kartoon Channel! to even more families across North America,” said
Todd Steinman, President of Toon Media Networks. “Parents are
looking for streaming options that are not only entertaining but
also safe and curated for their children. Kartoon Channel! delivers
exactly that, with a growing slate of engaging, family-friendly
programming that kids love.”
Andy Heyward, CEO of Kartoon Studios, commented: "Kartoon
Channel remains the top-ranked children's viewing platform in the
Apple app store, outperforming Netflix, Disney+, PBS Kids, and
YouTube Kids. We are excited to partner now with Samsung TV+, which
we believe will fuel Kartoon Channel's growth and a tentpole of
profit for Kartoon Studios."
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!
and Ameba; “Shaq’s Garage,” starring Shaquille O’Neal, on Kartoon
Channel!; “Rainbow Rangers” on Kartoon Channel! and Ameba; the
Netflix Original, “Llama Llama,” starring Jennifer Garner, and
more.
In 2022, Kartoon Studios acquired Canada’s WOW! Unlimited Media,
along with its subsidiary, Mainframe Studios, produces top brands
for third parties, including “Cocomelon,” “Barbie’s Playhouse,”
Unicorn Academy,” and “SuperKitties.” Additionally, the company
made a strategic investment becoming the largest shareholder in
Germany’s Your Family Entertainment AG, 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!, Frederator
Network, and Ameba. Kartoon Channel! is a globally distributed
entertainment platform. 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, Xbox, Tubi, Xumo, and Samsung and
LG Smart TVs. Frederator Network owns and operates one of the
largest global animation networks on YouTube, with channels
featuring over 2000 exclusive creators and influencers, garnering
billions of views annually.
For additional information, please visit
www.kartoonstudios.com
Forward-Looking Statements Certain statements
in this press release constitute "forward-looking statements"
within the meaning of the federal securities laws. Words such as
"may," "might," "will," "should," "believe," "expect,"
"anticipate," "estimate," "continue," "predict," "forecast,"
"project," "plan," "intend" or similar expressions, or statements
regarding intent, belief, or current expectations, are
forward-looking statements. While the Company believes these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release
and include statements regarding Samsung TV Plus giving the Company
an opportunity to bring Kartoon Channel! to families across North
America and partnering with Samsung TV+ fueling Kartoon Channel's
growth. These forward looking statements are based upon current
estimates and assumptions and are subject to various risks and
uncertainties, including without limitation the success of the
Kartoon Channel! on Samsung TV! and those other risk factors set
forth in the “Risk Factors” section of the Company’s most recent
Annual Report on Form 10-K and in the Company's subsequent filings
with the Securities and Exchange Commission (the "SEC"). Thus,
actual results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
MEDIA CONTACT:pr@kartoonstudios.com
INVESTOR RELATIONS CONTACT:
ir@kartoonstudios.com
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/b8acbb84-21a8-45de-ab23-52d3fcbc560f
https://www.globenewswire.com/NewsRoom/AttachmentNg/2962c5e7-0459-4c13-9d27-0002b53880f8
Kartoon Studios (AMEX:TOON)
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