Rob Gronkowski Joins Shaq’s Garage as Co-Executive Producer and Voice of ‘Gronkmobile’
CEO Provides Letter to Shareholders, with Business Update Detailing Growth Across Core Business Lines
Key highlights:
- 318% increase in revenue for Q2 2021 and 280% increase in revenue for the six months ended
June 30, 2021 over the same periods last year - 932% increase in unique users on Kartoon Channel
$138.8 million of cash, cash equivalents and marketable securities with zero debt- Stan Lee’s Superhero Kindergarten grows to over 50 million views to date in 15 weeks since debut
- Rapid growth in viewership of Rainbow Rangers across leading broadcast platforms worldwide, including Netflix, Amazon Prime, HBO Max, Nickelodeon/
Nick LatAm , and coming to Paramount+ (Wednesday Aug 18 ) - Production has begun on Shaq’s Garage, which is set to air in Q2 2022 with
Rob Gronkowski as co-executive producer and the voice of the “Gronkmobile” - Advertisers on Kartoon Channel now include leading Fortune 500 consumer product companies, including
Lego , Kellogg’s, Walmart, Nintendo, Addidas and others
Revenues for the second quarter of 2021 were approximately
About
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
MEDIA CONTACT:
pr@gnusbrands.com
INVESTOR RELATIONS CONTACT:
ir@gnusbrands.com
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/90d0039f-e1cc-4c95-9766-3570bb023778
Production has begun on Shaq’s Garage, which is set to air in Q2 2022
Rob Gronkowski co-executive producer and the voice of the “Gronkmobile”
2021 GlobeNewswire, Inc., source