Genius Brands (GNUS Stock Report) has crept up the list of Robinhood penny stocks to watch this quarter. Last time we discussed this company, Genius Brands announced the spring 2021 premiere of its new children’s animated series, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger. It premiered on Amazon Prime (AMZN Stock Report), which joins Alibaba Group (BABA Stock Report) who will launch the series in China on its video streaming platform for kids, Youku.
This week GNUS stock is back in the spotlight once again. This comes amid a series of new updates. First, Genius Brands will see its Ranbow Rangers Torys from Mattel debut in Walmart stores this summer. In addition, the company announced the launch of a new network brand, Kartoon Channel, going live on June 15, 2020. According to Genius, the newly rebranded channel will “significantly expand the distribution”. This already reaches over 100M U.S. television households and over 200M users via OTT and mobile devices as it stands.
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“Through our new strategic partnership with Dooya, the network’s footprint, revenue, and discoverability will dramatically increase. With so many kids now having the learning-at-home experience, children’s programs that can teach about money, about science, about cooking and DIY, all offer something special that will be embraced by parents as well as kids,” said Genius Brands International Chairman & CEO, Andy Heyward.