For example, Genius Brands intends to move its animation production from China to Canada where it can benefit from various tax credits. Genius Brands offers an incredible value to the worldwide marketplace in providing content with a purpose to children and family audiences around the globe, said Bill Stellman, exec VP and.
The merger is also expected to yield cost savings and other operational efficiencies for the combined company. The acquisition of WOW! substantially accelerates the financial growth of Genius Brands, delivering on our promise to shareholders to execute meaningful and accretive acquisitions, as we seek to rapidly consolidate the marketplace and become the foremost producer, broadcaster, and consumer product licensor of high-quality children's entertainment in the world. We feel that this is a very attractive opportunity for our shareholders with significant potential upside in. This transaction represents the culmination of our extensive strategic review process. View Genius Brands International (location in California, United States, revenue, industry and description. Genius Brands CEO Andy Heyward said in a press release: Genius Brands’ world class consumer product licensing team led by Kerry Phelan, will enable us to monetize all of these great characters and brands. That would be a notable increase for Genius Brands, which produced less than $5 million in revenue and negative EBITDA during that time. Genius Brands International produces entertaining and enriching content with a purpose. WOW! generated $56.4 million in revenue and $5.1 million in earnings before interest, taxes, depreciation, and amortization ( EBITDA) over the past year. Genius Brands International, Beverly Hills, California. The deal is also expected to bolster Genius Brands' profitability.
It is engaged in developing, producing, marketing, and licensing branded childrens entertainment properties and consumer products for. The Canadian animation company has a strong presence on popular social media sites such as YouTube and TikTok, which Genius Brands says will help it better appeal to teens and young adults. Genius Brands doesn’t seem like a company well positioned to manage and tackle those execution risks. Genius Brands International Inc is a kids media company.
Genius Brands agreed to purchase WOW! Unlimited Media for roughly $53 million in cash and stock.
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