Kartoon Channel!’s “SHAQ’S GARAGE” Set to Premier

June 5 Exclusively on Pluto TV

Company’s Kartoon Channel! and Ameba Services

Report Significant SVOD Streaming Growth

Strategic Initiative to Streamline Operations
Resulting in a Material Reduction in Annualized Expenses

Reports $114.3 Million in Current Assets, Working Capital of $23.5
Million and Total Stockholders’ Equity of $91.3 Million

Beverly Hills, CA  — Genius Brands International,  provided a business update for the three months ended March 31, 2023 (“Q1 2023”).

Q1 2023 revenue increased 885% to $14.2 million, compared to $1.4 million for the same period last year. The Company also announced it has begun implementing a comprehensive cost cutting plan, aimed at streamlining operations and continuing the path to profitability. Expense reductions include personnel costs, production spend, lease, and vendor expenses    As of March 31, 2023, Genius Brands had current assets of $114.3 million, working capital of $23.5 million, and total stockholders’ equity of $91.3 million.

The Company reports that Kartoon Channel!’s Shaq’s Garage, starring and executive produced by the legendary Shaquille O’Neal, will premiere June 5th on Pluto TV, the leading free streaming television service. The debut will include 26 original 11-minute episodes that will be supported by a variety of companion content, influencer collaborations and a comprehensive social marketing campaign. Additionally, Genius Brands is developing a full-scale consumer products retail program for “Shaq’s Garage.”

Unlike many streaming companies reporting declining subscriptions, Genius Networks’ subscription base has increased 6% since the 4th quarter of 2022 and subscriber watch time is up 15% for the same period. Total trial conversions increased 13% from the end of last year. Genius Networks has also developed a customer acquisition framework by identifying optimal subscription platforms and utilizing data driven, agile media execution that reduced customer acquisition costs by more than 75% since 2022. The year-over-year efficiencies in customer acquisition provide the ability to significantly reduce overall marketing and advertising budgets while growing subscribers and revenue.

The flagpole STAN LEE and STAN LEE CENTENNIAL will kick-off with a documentary on the life of Stan Lee, premiering the opening weekend of the Tribeca Film Festival June 10th, and to be subsequently released on Disney+ June 16th. The Company will also roll out a comprehensive licensing program for Bee and Puppycat, the lead property in the Company’s partnership with Toho Studios of Japan, prior to the Licensing Expo in Las Vegas June 13 – 15.

About Genius Brands International

Genius 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 IP portfolio of family-friendly content features the Stan Lee brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal, coming to Pluto TV; Rainbow Rangers on Kartoon Channel! and Netflix; Llama Llama, starring Jennifer Garner, on Netflix and more. In 2022, Genius Brands acquired Canada’s WOW! Unlimited Media (TSX-V: WOW), which includes 2,500 channels under the Channel Frederator Network, and also made a strategic investment in Germany’s Your Family Entertainment AG (FRA:RTV), one of Europe’s largest distributors and broadcasters of high-quality programs for children and families.

Genius Networks consists of Kartoon Channel!, Frederator Network and Ameba. Kartoon Channel! is a globally distributed entertainment platform with penetration in a vast majority of the U.S. television market and international expansion with launches in key markets around the world.

Kartoon Channel! is available across multiple platforms, including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku and The Roku Channel, Pluto, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, Samsung and LG Smart TVs. Frederator Network owns and operates the largest global animation network on YouTube, with channels that boast over 2000 exclusive creators and influencers, garnering on average over a billion views every month.