Genius Brand International (NASDAQ: GNUS), a global brand management company that creates and licenses multimedia entertainment content for children, announces it is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective when the US market opens on June 28, 2021, according to a preliminary list of additions posted on June 4, 2021.
The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means Genius Brands will also be included in the Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Andy Heyward, CEO of Genius Brands, commented, “We’re pleased to be included in the Russell 3000 and Russell 2000 Indexes, as we believe this reflects the dramatic growth we have experienced over the past year. In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history. We are particularly excited about the launch of Superhero Kindergarten on Alibaba’s Youku Kids platform in China, with over 140 million subscribers, at the end of the year. Additionally, our new kids streaming platform, Kartoon Channel!, is experiencing rapid growth, with viewer satisfaction rankings exceeding those of Netflix, Disney+, Nickelodeon, Cartoon Network, and YouTube Kids, in both the Apple and the Google app stores. This free, streaming AVOD platform for kids now has reach to all US TV households and over 300 million devices. We look forward to building on our growth with the launch of exciting upcoming productions, such as Shaq’s Garage, starring Shaquille O’Neal, and KC Pop Quiz, as well as Season 3 and a new toy launch around the hit series Rainbow Rangers on Kartoon Channel!, with episodes available on Netflix, Amazon Prime Video Direct, as well as HBO MAX and Nick Lat Am in Latin America. We believe inclusion in the Russell 3000® index will provide broader visibility with the global investment community, as we remain laser focused on growing and driving value for shareholders.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Genius Brands International
Genius Brands International, Inc. (Nasdaq: 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’s ‘content with a purpose’ portfolio includes Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal on Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and Netflix; Llama Llama, starring Jennifer Garner, on Netflix; award-winning toddler brand Baby Genius; adventure comedy STEM series Thomas Edison’s Secret Lab; and entrepreneurship series Warren Buffett’s Secret Millionaires Club. Through licensing agreements with leading partners, characters from Genius Brands’ IP also appear on a wide range of consumer products for the worldwide retail marketplace. The Company’s Kartoon Channel! and Kartoon Classroom! are available in over 100 million U.S. television households via a broad range of distribution platforms, including Comcast, Cox, DISH, Sling TV, Amazon Prime, Amazon Fire, Apple TV, Apple iOS, Android TV, Android Mobil, Google Play, Xumo, Roku, Tubi, YouTube, KartoonChannel.com, Samsung Smart TVs and LG TVs. For additional information, please visit www.gnusbrands.com.