Kartoon Studios Advances IP-Focused Strategy with Sale of Frederator Channel Network Business
https://www.globenewswire.com/news-release/20...iness.html
Company Retains Key Frederator Studios IP For Licensing Opportunities
Strategic Transaction Continues Company’s Realignment Towards the Monetization of Premium Intellectual Property
BEVERLY HILLS, Calif., July 17, 2026 (GLOBE NEWSWIRE) -- Kartoon Studios, Inc. (NYSE American: TOON) ("Kartoon Studios" or the "Company"
, a global entertainment company creating, producing, distributing and licensing children's and family content, today announced the strategic sale of Frederator Networks' Channel Network business in an all-cash transaction. Kartoon Studios will retain key intellectual property of Frederator Studios, including Bee and PuppyCat, Bravest Warriors, Castlevania and Catbug, for distribution and product licensing opportunities.
The strategic sale advances Kartoon Studios' ongoing strategy to align its operating structure and resources on monetization of premium intellectual property, franchise development, animation production, global distribution and consumer-products commercialization.
“The transaction separates two businesses with different operating models, margin profiles and growth priorities,” commented Andy Heyward, Chairman and Chief Executive Officer of Kartoon Studios. “Key to this transaction, we are retaining key intellectual property of Frederator Studios, its creative talent and core properties, along with key channels that support our franchises. We believe this transaction makes Kartoon Studios a more focused company and better positions our team to continue executing on our strategic realignment towards the monetization of premium intellectual property.”
Total cash consideration paid to Kartoon Studios totaled $500,000 for the Frederator Networks' Channel Network business.
https://www.globenewswire.com/news-release/20...iness.html
Company Retains Key Frederator Studios IP For Licensing Opportunities
Strategic Transaction Continues Company’s Realignment Towards the Monetization of Premium Intellectual Property
BEVERLY HILLS, Calif., July 17, 2026 (GLOBE NEWSWIRE) -- Kartoon Studios, Inc. (NYSE American: TOON) ("Kartoon Studios" or the "Company"
, a global entertainment company creating, producing, distributing and licensing children's and family content, today announced the strategic sale of Frederator Networks' Channel Network business in an all-cash transaction. Kartoon Studios will retain key intellectual property of Frederator Studios, including Bee and PuppyCat, Bravest Warriors, Castlevania and Catbug, for distribution and product licensing opportunities. The strategic sale advances Kartoon Studios' ongoing strategy to align its operating structure and resources on monetization of premium intellectual property, franchise development, animation production, global distribution and consumer-products commercialization.
“The transaction separates two businesses with different operating models, margin profiles and growth priorities,” commented Andy Heyward, Chairman and Chief Executive Officer of Kartoon Studios. “Key to this transaction, we are retaining key intellectual property of Frederator Studios, its creative talent and core properties, along with key channels that support our franchises. We believe this transaction makes Kartoon Studios a more focused company and better positions our team to continue executing on our strategic realignment towards the monetization of premium intellectual property.”
Total cash consideration paid to Kartoon Studios totaled $500,000 for the Frederator Networks' Channel Network business.
