Kartoon Studios (NYSE American: TOON) today announced it has
launched Kartoon Channel’s videogame FAST channel through Samsung
TV Plus in three large European territories – the UK, Italy, and
Spain. In addition, through a joint venture with Power Kids,
Kartoon Channel will be offered in India, one of the largest
television markets in the world. These new territories will
immediately provide Kartoon Channel with a footprint of over 1.5
billion new viewers.
Tapping into kids’ appetite for videogame content, Kartoon
Channel's new “Video Game Heroes” FAST channel features the
Company’s tentpole series Kidaverse Roblox Rumble and some of the
most iconic videogame brands, including Sonic X and Donkey Kong
Country. Viewers will also test their knowledge via interstitials
from the fast-paced quiz show KC Pop Quiz and Sunny Bunnies, who
hop through wild adventures as they find solutions.
It includes new Kartoon Channel Video Game Heroes graphics,
navigation idents, on-screen bugs, and interstitials, all delivered
in a family-friendly, child-safe environment, carefully curated by
Kartoon Studios. Kids can access Video Game Heroes via Samsung TV
Plus on the family's main at-home TV, family-shared tablets, and
mobile phones.
“Gaming is a popular way of consuming content for kids six to
nine because it meets two key needs: escapism and connection,” said
Paul Robinson, President of Kartoon Channel Worldwide. “Parents are
seeking safe, entertaining content for their children to watch, and
Kartoon Channel provides that environment. We have programmed the
channel to deliver a diverse, gender-neutral community and give
kids a gaming-led entertainment experience with which parents
should feel very comfortable.”
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 (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!, 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, 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
About Samsung TV PlusSamsung TV Plus is free
TV, with no subscription, no sign-up, no additional device, or
credit card needed. Pre-installed from 2016 onwards Samsung Smart
TVs, and available for download from the Google Play and Galaxy
Store on Samsung Galaxy smartphones and tablets in select
territories. Samsung TV Plus instantly delivers an ever-growing
number of channels across multiple genres including news, sports,
entertainment, as well as a video on demand library of your
favourite movies and popular shows. The free, ad-supported video
service is available in the UK and 15 other European territories,
all you need is an internet connection. For the latest on Samsung
TV Plus, please visit samsungtvplus.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. The forward-looking statements include
statements regarding the Kartoon Channel being offered in India,
the largest television market in the world; the new territories
immediately providing Kartoon Channel with a potential two billion
new viewers and the channel giving kids a gaming-led entertainment
experience with which parents feel very comfortable. - 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. These forward looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation, the
Company’s ability to successfully launch the Kartoon Channel in the
new territory and attract the two billion potential viewers in
those territories; the Company’s ability to generate revenue or
achieve profitability; the Company’s ability to obtain additional
financing on acceptable terms, if at all; the potential issuance of
a significant number of shares, which will dilute the Company’s
equity holders; fluctuations in the results of the Company’s
operations from period to period; general economic and financial
conditions; our ability to anticipate changes in popular culture,
media and movies, fashion and technology; competitive pressure from
other distributors of content and within the retail market; the
Company’s reliance on and relationships with third-party production
and animation studios; the Company’s ability to market and
advertise its products; the Company’s reliance on third-parties to
promote its products; the Company’s ability to keep pace with
technological advances; the Company’s ability to protect its
intellectual property 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/e2d2dc26-8590-40f4-ae6a-77c908603015
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa183304-3c21-4b19-ad76-64023565baec
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