From GlobeNewswire: 2024-05-15 08:32:00

Kartoon Channel achieved profitability in Q1 2024, surpassing Disney+ in user rankings on Apple App Store. Direct operating costs reduced by 60%, with flagship brand Stan Lee Universe expanding into new ventures.

Kartoon Studios launches new AI initiative with Nvidia Omniverse and plans to announce a mega-brand in Q2 2024. Company secures cash to enhance liquidity as they continue to grow their animated catalog.

Stan Lee Universe sees growth with new Amazon store, partnership with VeVe, and debut of “Stan Lee Presents” YouTube channel. Company focuses on fan engagement and revenue generation through digital collectibles and exclusive content.

Beacon Media Group experiences success with new advertisers, strategic initiatives, and effective partnerships within the organization. Innovative marketing approaches drive growth and improve client performance in various areas.



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