Genius Brands International, a global brand management company that creates and licenses entertainment content for children, filed its Form 10-Q for the period ending June 30, 2021, and provided a business update in the form of a letter to shareholders from the Company’s Chairman & CEO, which is available on the blog section of the company website.
In the update, GBI also announced that its new original animated series Shaq’s Garage — which began production in Q2 2021 and is set to premiere exclusively on the company’s Kartoon Channel! in Q2 2022 — is rolling with four-time NFL Super Bowl champion Rob Gronkowski. Gronk has boarded the series as both a co-executive producer and the voice of “Gronkmobile.”
GBI’s second animated series produced exclusively for Kartoon (following Superhero Kindergarten), Shaq’s Garage was developed by Oscar-winning writer Joel Cohen (Toy Story) and follows the secret adventures of NBA legend, voice star and co-producer Shaquille O’Neal’s extraordinary collection of cars, trucks and other vehicles — the Shaq Pack. When businessman and entrepreneur Shaq invests in a self-driving car company, the AI used in his vehicles develops a mind of its own, and suddenly his car collection attains consciousness, personality and drive.
GBI is in discussions with other celebrities to join O’Neal and Gronkowski on the Shaq’s Garage Roster.
Further highlights from the letter include:
- 318% increase in revenue for Q2 2021 and 280% increase in revenue for the six months ended June 30, 2021 over the same periods last year.
- 932% increase in unique users on Kartoon Channel!
- $138.8 million of cash, cash equivalents and marketable securities with zero debt.
- Stan Lee’s Superhero Kindergarten grows to over 50 million views to date in 15 weeks since debut.
- Rapid growth in viewership of Rainbow Rangers across leading broadcast platforms worldwide, including Netflix, Amazon Prime, HBO Max, Nickelodeon/Nick LatAm, and coming to Paramount+ (Wednesday, Aug. 18).
- Advertisers on Kartoon Channel now include leading Fortune 500 consumer product companies, including Lego, Kellogg’s, Walmart, Nintendo, Adidas and others.
Revenues for the second quarter of 2021 were approximately $2.3 million compared to approximately $561,000 for the same period last year, reflecting a year over year increase of 318%. Revenues for the six months ended June 30, 2021 were approximately $3.4 million compared to approximately $895,000 for the same period last year, reflecting a year over year increase of 280%.
