Genius Brands International, Inc.
(“Genius Brands” or the
“Company”) (NASDAQ: GNUS), a global brand management
company that creates and licenses multimedia entertainment content
for children, announces it is set to join the broad-market Russell
3000® Index at the conclusion of the 2021 Russell indexes annual
reconstitution, effective when the US market opens on June 28,
2021, according to a preliminary list of additions posted on June
4, 2021.
The annual Russell indexes reconstitution
captures the 4,000 largest US stocks as of May 7, ranking them by
total market capitalization. Membership in the US all-cap Russell
3000® Index, which remains in place for one year, means Genius
Brands will also be included in the Russell 2000® Index as well as
the appropriate growth and value style indexes. FTSE Russell
determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Andy Heyward, CEO of Genius Brands, commented,
“We’re pleased to be included in the Russell 3000 and Russell 2000
Indexes, as we believe this reflects the dramatic growth we have
experienced over the past year. In particular, our recently
launched tentpole brand, Stan Lee’s Superhero Kindergarten,
starring Arnold Schwarzenegger, has now surpassed 28 million views,
averaging now over 4 million views per episode, making this one of
the most highly viewed new cartoon launches in history. We are
particularly excited about the launch of Superhero Kindergarten on
Alibaba's Youku Kids platform in China, with over 140 million
subscribers, at the end of the year. Additionally, our new kids
streaming platform, Kartoon Channel!, is experiencing rapid growth,
with viewer satisfaction rankings exceeding those of Netflix,
Disney+, Nickelodeon, Cartoon Network, and YouTube Kids, in both
the Apple and the Google app stores. This free, streaming AVOD
platform for kids now has reach to all US TV households and over
300 million devices. We look forward to building on our growth with
the launch of exciting upcoming productions, such as Shaq’s Garage,
starring Shaquille O’Neal, and KC Pop Quiz, as well as Season 3 and
a new toy launch around the hit series Rainbow Rangers on Kartoon
Channel!, with episodes available on Netflix, Amazon Prime Video
Direct, as well as HBO MAX and Nick Lat Am in Latin America. We
believe inclusion in the Russell 3000® index will provide broader
visibility with the global investment community, as we remain laser
focused on growing and driving value for shareholders.”
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. Approximately $10.6
trillion in assets are benchmarked against Russell’s US indexes.
Russell indexes are part of FTSE Russell, a leading global index
provider. For more information on the Russell 3000® Index and the
Russell indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE Russell website.
About Genius Brands
InternationalGenius Brands International, Inc. (Nasdaq:
GNUS) is a leading global kids media company developing, producing,
marketing and licensing branded children’s entertainment properties
and consumer products for media and retail distribution. The
Company’s ‘content with a purpose’ portfolio includes 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; Llama Llama, starring Jennifer Garner, on Netflix;
award-winning toddler brand Baby Genius; adventure comedy STEM
series Thomas Edison's Secret Lab; and entrepreneurship
series Warren Buffett's Secret Millionaires Club. Through
licensing agreements with leading partners, characters from Genius
Brands’ IP also appear on a wide range of consumer products for the
worldwide retail marketplace. The Company’s Kartoon Channel! and
Kartoon Classroom! are available in over 100 million U.S.
television households via a broad range of distribution platforms,
including Comcast, Cox, DISH, Sling TV, Amazon
Prime, Amazon Fire, Apple TV, Apple iOS, Android TV,
Android Mobil, Google Play, Xumo, Roku, Tubi, YouTube,
KartoonChannel.com, Samsung Smart TVs and LG TVs. For additional
information, please visit www.gnusbrands.com.
About FTSE Russell:FTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors globally.
Approximately $17.9 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE
Russell index design and management: a transparent rules-based
methodology is informed by independent committees of leading market
participants. FTSE Russell is focused on applying the highest
industry standards in index design and governance and embraces the
IOSCO Principles. FTSE Russell is also focused on index innovation
and customer partnerships as it seeks to enhance the breadth, depth
and reach of its offering.
FTSE Russell is wholly owned by London Stock
Exchange Group. For more information, visit www.ftserussel.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.
These forward looking statements are based upon current estimates
and assumptions and are subject to various risks and uncertainties,
including without limitation, our ability to generate revenue or
achieve profitability; our ability to obtain additional financing
on acceptable terms, if at all; the potential issuance of a
significant number of shares, which will dilute our equity holders;
fluctuations in the results of our 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; our reliance on and
relationships with third-party production and animation studios;
our ability to market and advertise our products; our reliance on
third-parties to promote our products; our ability to keep pace
with technological advances; our ability to protect our
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@gnusbrands.com
INVESTOR RELATIONS
CONTACT:
ir@gnusbrands.com
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