GENIUS BRANDS INTERNATIONAL, INC. (NASDAQ:GNUS) Files An 8-K Regulation FD Disclosure
ITEM 7.01 REGULATION FD DISCLOSURE
On September 4, 2020, Genius Brands International, Inc. (the “Company”) filed a universal shelf registration statement with the Securities and Exchange Commission.
As previously disclosed, part of the Company’s business strategy is to take advantage of the unusual opportunities the acquire accretive assets that currently exist in the entertainment space, and the Company has strengthened its financial position during 2020 in order to position itself to execute this strategy. The Company has filed the shelf registration statement in large part to enhance the Company’s financial flexibility to pursue these accretive acquisition opportunities and other strategic initiatives as they arise. The Company does not presently have any plan to issue securities under the shelf registration statement.
About GENIUS BRANDS INTERNATIONAL, INC. (NASDAQ:GNUS)
Genius Brands International, Inc. is a content and brand management company. The Company provides entertaining and enriching content and products with a purpose for toddlers to tweens. The Company produces original content and licenses the rights to that content to a range of partners. Its licensees include companies to which the audio-visual rights are licensed for exhibition in various formats, such as Pay Television, Free or Broadcast Television, video-on-demand (VOD), subscription on demand (SVOD) and digital video discs/compact discs (DVDs/CDs), and companies that develop and distribute products based on its content within different product categories, such as toys, electronics, publishing, home goods, stationary and gifts. The Company owns a portfolio of original children’s entertainment that is targeted at toddlers to teens, including Baby Genius, Warren Buffett’s Secret Millionaires Club, Thomas Edison’s Secret Lab and Stan Lee’s Mighty 7.
