Genius Brands International, Inc. Issues Shareholder Letter
BEVERLY HILLS, Calif., Nov. 30, 2018 (GLOBE NEWSWIRE) -- Genius Brands International, Inc. “Genius Brands” (NASDAQ: GNUS), the global brand management company that creates and licenses multimedia entertainment content for children, released a letter to shareholders from Chairman & CEO Andy Heyward. The complete letter follows:
Dear Genius Brands Shareholders,
Rainbow Rangers Week 2 Nielsen Numbers Continue to Grow!!!
I have a quick update for those of you who are tracking the launch of Rainbow Rangers and its strong Nielsen performance debut the week of November 5th, in which we were one of the highest rated programs on Nick Jr. I am ecstatic to report that in Week #2, once again, Rainbow Rangers continued to improve and grow its ratings numbers, against our key target demo of Girls 2-5.
In our Week 1 launch, we were at .7, and in our Week 2, we moved up 16% to .81. This not only placed us amongst the top shows on Nick Jr., but also delivered a higher Nielsen rating than a number of established hit franchises.
As for the critical metric of audience retention, Rainbow Rangers also continued to retain and improve our lead in audience this week by an average of +36%.
At the end of week 1, Nick Jr. added encore performances for Rainbow Rangers on both Saturday and Sunday, and during Week 2, Nick added TWO PRIMETIME BROADCASTS this last Sunday night, November 25th, from 8pm-9pm. These are both strong steps speaking on behalf of the shows ability to perform.
Meanwhile, all of the Rainbow Rangers’ consumer products are now poised for the retail market launch in Q3 2019. Successful shows that attract viewers sell a lot of consumer product merchandise, and we believe that is exactly where Rainbow Rangers is heading!
There could not possibly be better news to report!
Chairman & CEO
Genius Brands International, Inc.
Forward Looking Statements:
Certain statements in this notice constitute "forward-looking statements" within the meaning o the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
INVESTOR RELATIONS CONTACT:
PLR Investor Relations
212.564.4700 | email@example.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17fef2b5-7a30-418a-af9f-82ca572a3dee
Released November 30, 2018