Genius Brands International Inc (GNUS) stock went 10.04% up yesterday and its momentum continues on Wednesday, March 24, 2021. As of this writing, GNUS has gained 11.03% on Wednesday’s pre-market.
Let’s try to find out the reason behind its positive momentum.
Upcoming deal with Marvel
The GNUS shares are trading high because of the upcoming deal with Marvel, which was mentioned by the GNUS CEO Andy Heyward in a letter to shareholders on March 4. The new deal announcement is expected to be made before the end of this month. Marvel owns a vast collection of massively popular characters and storylines, which Disney has turned into a string of blockbuster movies and shows in recent years.Disney has turned Marvel’s vast collection of massively popular characters into a string of blockbuster movies and shows in recent years.
New action-adventure series for kids
On March 16, 2021, Genius Brands International announced the production and development of the all-new animated comedy, action-adventure series for kids. The new series Shaq’s Garage will be written by Academy Award-nominated writer Joel Cohen and it will feature Shaquille O’Neal.
Shaq’s Garage is expected to premiere in the U.S. in fall 2021 on Kartoon Channel.
New Roblox series agreement
On March 15, 2021, GNUS signed an exclusive deal with Tankee Inc. to develop a new Roblox series, which will be aired only on Kartoon Channel. In 2019 both companies also partnered to bring a roster of Tankee Originals to Kartoon Channel. Roblox series got immense popularity and now both companies will produce all-new 12 episodes Roblox will be available for streaming on Kartoon Channelin June.
Genius Brands International is an entertainment company that was formed from the merger of Genius Brands International and A Squared Entertainment. 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 partnered with award-winning creators and producers to distribute enriching and diverse entertainment worldwide in all formats, as well as a broad range of consumer products based on our characters The company has many award-winning contents in its portfolio. The Company’s new Kartoon Channel! and Kartoon Classroom! are available in over 100 million U.S. television households.GNUS is headed by Andy Heyward and he has made more episodes of kid’s television than any other producer. Andy is a graduate from UCLA with a Bachelor of Arts degree in Philosophy in 1975.
Conclusion: the recent new agreements are under the investors’ radar and we may see the stock value going further up in the coming days.