Genius Brands International Inc (NASDAQ: GNUS) stock is up almost 6.555 times in the past year to $1.81, and year to date, it is up 29%.
The company has no debt, and it raised close to $140 million in cash in over a year to spend on acquisitions. According to the company’s CEO, Andy Heyward, they are on an acquisition warpath to acquire major content assets. The assets have to be strategic and accretive with deals, including rights packages, content companies, and global opportunities.
The company recently announced that Oscar-nominated Pixar’s Toy Story writer Joel Cohen will be the executive producer and head writer for the children’s series Shaq’s Garage, which will debut Kartoon channel this fall. Last month, the company also announced that it will broadcast a new show based on the gaming platform Roblox. One of the big deals for the company was with Marvel under The Walt Disney umbrella. Genius Brands wants to be a major kids’ entertainment studio, and the Kartoon channel is a step in that journey. It is one stock to watch in the coming months.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.