Three Top US Executives: Genius Brands, Lionsgate & U.S. Global Investors Discuss Adaptations Made to Deal with The Coronavirus
On Wednesday Benzinga’s Neal Hamilton hosted a roundtable conference with three public company executives: Genius Brands, U.S. Global Investors and Lionsgate, on the changes they perceived in their business amid the coronavirus pandemic.
Genius Brands’ CEO Andy Heyward said that the company’s educational and informative content was ideal for children who most likely spent more time watching TV as they were home. Genius offered its content free to the user as it had an ad-supported model.
Heyward said that owning a large library of content requires just one show to “take off” and generate opportunities across many categories. He mentioned “Flintstones” created in the sixties, as one of the opportunities that has stood the test of time.
U.S. Global Investors’ CEO Frank Holmes said that the company noticed a large number of millennials and young people investing in stocks or taking up stock trading.
He said, “It’s young people speculating, but they have done their research. They are not going to Main Street Merrill Lynch research on cycles, et cetera. They are going to YouTube. They are listening to interviews like this.”
Lionsgate’s CEO James Marsh said that they had entered 2020 with high expectations of a strong slate of releases. However, the pandemic changed their plans and their business remained resilient due to its large library content that generated high revenues.
He said, “One way or the other we are pretty well hedged. If the world is going to reopen, theaters are going to reopen [and] that’s good for our business.”
Photo Credit: Twitter Genius Brands