Bullish options flow was detected in GNUS stock for the second day in a row.
Make sure to review this lesson on options flow so you understand the chart above and what is going on.
On July 6, 2020, through a joint venture between Genius Brands and Stan Lee’s POW! Entertainment, an agreement has been struck to create Stan Lee Universe. Stan Lee Universe will assume worldwide rights, in perpetuity, to the name, physical likeness, physical signature, live-action and animated motion picture, television, online, digital, publishing, comic book, merchandising and licensing rights to Stan Lee and his intellectual property, or IP, creations past, present and going forward. Jointly owned and subject to due diligence and documentation, the deal will leave Genius Brands as the managing and controlling partner of the Stan Lee Universe joint venture. Stan Lee Universe will be built from the repository of all of the characters and IP created by Stan Lee, post-Marvel Entertainment, not otherwise elsewhere. It is drawn from over 100 original Stan Lee creations, from which it will develop and license approximately seven properties per year.
On June 18, 2020, Genius Brands International (GNUS) announced that John Landis will join Arnold Schwarzenegger and the production team behind Genius Brands’ new children’s animated series, Stan Lee’s Superhero Kindergarten. Landis will direct Schwarzenegger, who lends his voice to the starring role of the action-adventure comedy series co-created by Stan Lee as one of his final projects. He also serves as co-producer, along with China’s Alibaba Group (BABA), Stan Lee’s POW! Entertainment, and Schwarzenegger’s Oak Productions. Co-creator of Deadpool, Fabian Nicieza has developed the series, with scripting by Steven Banks. Landis has also joined Genius Brands’ development team to help create a live-action series and feature film spin-off of Stan Lee’s Superhero Kindergarten. Stan Lee’s Superhero Kindergarten will debut on Genius Brands’ recently-launched Kartoon Channel! in Q1 2021. It will also be broadcast on Amazon Prime in the U.S., and Alibaba in China on its video streaming platform for kids, Youku. Concurrently, Genius Brands is actively marketing a full-scale global consumer products retail program anchored with toys, publishing, and apparel.
On June 16, 2020, Kartoon Channel ‘unusually’ free as revenue comes from ads, Genius Brands CEO says “Our business is a simple business: we make cartoons, we broadcast cartoons, and we license the rights of cartoon characters. […] Our business is done by securing top management, securing best content and securing best distribution. […] Kartoon Channel has an unusual standing right now: is free, not a subscription model. Revenues come from advertising,” Genius Brands Chairman and CEO Andy Heyward said in a Fox Business interview.