Genius Brands Issues Statement
January 10 2022 - 2:31PM
Genius Brands International, Inc. (“Genius Brands” or the
“Company”) (NASDAQ: GNUS), a global brand management company that
creates, produces, broadcasts and licenses entertainment content
for children, issued a statement today that Harold Chizick and
Jennifer Chizick, employees of the Company’s ChizComm subsidiary,
have been terminated for cause. The Company believes this decision
to be in the best interest of its shareholders and customers.
Business will continue as usual under current management, with
Donna MacNeil as President of ChizComm and Kathleen Campisano as
Global Chief Marketing Officer and General Manager of ChizComm
Beacon Media subsidiaries.
The Company is fully invested in the success of these
subsidiaries and believes it will be more fully realized under Ms.
MacNeil’s and Ms. Campisano’s leadership.
About Genius Brands InternationalGenius Brands
International, Inc. (Nasdaq: GNUS) is a leading global kids media
company developing, producing, marketing and licensing branded
children’s entertainment properties and consumer products for media
and retail distribution. The Company’s ‘content with a purpose’
portfolio includes Stan Lee’s Superhero Kindergarten, starring
Arnold Schwarzenegger, on Kartoon Channel!; Shaq’s Garage, starring
Shaquille O’Neal on Kartoon Channel!; Rainbow Rangers on Kartoon
Channel! and Netflix; Llama Llama, starring Jennifer Garner, on
Netflix; award-winning toddler brand Baby Genius; adventure comedy
STEM series Thomas Edison's Secret Lab; and entrepreneurship series
Warren Buffett's Secret Millionaires Club. Through licensing
agreements with leading partners, characters from Genius Brands’ IP
also appear on a wide range of consumer products for the worldwide
retail marketplace. The Company’s Kartoon Channel! and Kartoon
Classroom! are available in over 100 million U.S. television
households via a broad range of distribution platforms, including
Comcast, Cox, DISH, Sling TV, Pluto TV, Amazon Prime, Amazon Fire,
Apple TV, Apple iOS, Android TV, Android Mobil, Google Play, Xumo,
Roku, Tubi, YouTube, KartoonChannel.com, Samsung Smart TVs and LG
TVs. For additional information, please visit
www.gnusbrands.com.
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; the potential
issuance of a significant number of shares, 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.
MEDIA CONTACT:pr@gnusbrands.com
INVESTOR RELATIONS CONTACT:
ir@gnusbrands.com
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