Genius Brands International, Inc. Issues Shareholder Letter
Genius Brands International, Inc. "Genius Brands" (GNUS), the
global brand management company that creates and licenses
multimedia entertainment content for children, released a letter to
shareholders from Chairman & CEO Andy Heyward. The complete
Dear Friends and Shareholders, This morning, Genius
Brands announced an agreement for Stan Lee
Universe to be distributed by Archie Comic
Publications, the #1 most widely distributed comic book
company in the United States. Concurrently, we announced that Oscar
winning producer (Batman), long-time Stan Lee friend and
collaborator, Michael Uslan, has been appointed as
Creative Director of the Stan Lee Universe brand, for comic books,
motion pictures, and television. Let me be clear.
In Stan Lee Universe, we
are building out the next MARVEL,
based on the creations of the man who built the
original Marvel… Stan Lee. We are
doing so through the single most widely distributed comic book
publisher, Archie Comics, and its visionary
Publisher, Jon Goldwater, under the creative leadership of the most
respected and accomplished authority in comic books today,
Michael Uslan. Michael Uslan and Stan Lee
were lifelong friends and collaborators, Michael Uslan known for
having developed the Batman franchise for film and having Executive
Produced, all of the Batman films, starting with Tim Burton’s 1989
film, continuing through Christopher Nolan’s The Dark Knight
Trilogy, Todd Phillips’ Joker, and the upcoming The
Batman in 2021. He also served as Executive Producer of Warner
Bros. The Lego Movie (2014) and The Lego Movie 2: The
Second Part (2019).
Michael is recognized as the top guru of comic book culture. He
has written and been an editor for Marvel, for Archie Comics, and
for DC where he actually brought Stan Lee at one point to
‘re-imagine’ Batman, Superman, Wonder Woman, Aquaman, Justice
League and Shazam for DC. The Batman franchise under Michael’s
vision and stewardship, with its associated merchandise, became a
multi-billion dollar business. Over the coming days, there will be
more announcements, as we continue to build out the Stan
Lee Universe team and will announce our film, television,
consumer products, and retail roll-out strategy.
Today’s announcement is another building block in putting
together the absolute ’Best in Class’ team of assets at Genius
Brands, in kids and family entertainment, to drive value for our
shareholders and bring positive and enriching entertainment to our
audience. The model for Stan Lee Universe will be
no different than the model for Kartoon
- Get the best content.
- Get the best distribution.
- Get the best people to execute.
Genius Brands now has 3 drivers of
STAN LEE UNIVERSE
Amidst this ‘pyramid power’, we have a robust library with
prideful products like Llama Llama, Warren Buffett’s Secret
Millionaires Club, and a powerful PIPELINE which we will begin
rolling out. The team that has been assembled is the best.
They have been at the pinnacle of their profession, and their
creations and achievements are well known in the children and
family entertainment world. They know how to create value and will
be doing just that for our shareholders. Stay Tuned… Good things
Andy Heyward Chairman & CEO Genius Brands International,
(P.S. Including the upcoming Kartoon Channel!
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; our ability to repay our
outstanding debt; the potential issuance of a significant number of
shares to our convertible note holders 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.
A photo accompanying this announcement is available at
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