Licensing Industry Icon Karen McTier Joins Genius Brands International’s Board of Directors
08 September 2020 - 10:30PM
Genius Brands International, Inc. (“Genius Brands”
or the “Company”) (Nasdaq: GNUS), a global brand management company
that creates and licenses multimedia entertainment content for
children, announces that
Karen McTier, one of the
most accomplished Consumer Products executives in Hollywood, has
joined the Company’s Board of Directors and will bring her immense
experience to guide the development of Genius Brands’ rapidly
growing slate of properties.
As former Executive Vice President of Worldwide
Consumer Products at Warner Bros. Entertainment Group of Companies,
McTier has spent the majority of her career managing and building
powerhouse brands such as Batman, Superman, Wonder Woman, Harry
Potter, Wizard of Oz, Looney Tunes and Scooby-Doo into successful
global consumer products programs. Her purview included all
categories of worldwide licensing, retail, partnerships,
promotions, marketing, creative, and themed entertainment for
Warner Bros.’ brands on a global scale. During her tenure, the
division experienced unprecedented growth and profitability.
“Karen is a transformational executive who
brings a wealth of experience that very few people in the
entertainment industry can claim. The value she brings to our
company, our growth plans, and our Board of Directors is immense,”
said Genius Brands’ Chairman & CEO Andy
Heyward. “Karen has worked on countless tentpole films and
hit television shows and driven billions of dollars of business
steering the consumer products division of Warner Bros. into one of
the most profitable in Hollywood. We have no doubt she will make an
enormous contribution to grow our consumer products business, just
as she did for Warner Bros. many renowned brands, and we are
honored to welcome her to our team.”
“I have witnessed the growth of Genius Brands
over the years and see the potential the company has to build its
catalog of children’s brands into globally successful
programs. I am honored to join the Board and use my expertise
in global brand building to work with Andy and the team to help
guide the Company to create and grow valuable brands,” stated
McTier.
During her career at Warner Bros., McTier worked
closely with Warner Bros. Animation and Cartoon Network on new
content development relevant to merchandising, including Power Puff
Girls, Teen Titans, Justice League and numerous DC Comics’ animated
series. She also led the global team that set a new standard for
quality in immersive environments, working with Universal Parks and
Resorts to create one-of-a-kind experiences for The Wizarding World
of Harry Potter in Orlando, Osaka, and Hollywood.
McTier joins Genius Brands’ esteemed Board of
Directors, including Margaret Loesch, former Fox
Kids Network Worldwide President; Gray Davis,
former Governor of California; Anthony
Thomopoulos, former President of ABC Entertainment and
respected entertainment industry veteran; Lynne
Segall, former Publisher and Senior Vice President of The
Hollywood Reporter and Billboard; Clark Hallren,
former Managing Director of JP Morgan Entertainment Group;
Michael Klein, former Managing Director of Bear
Stearns Entertainment Group, and Genius Brands’ Chairman & CEO
Andy Heyward.
About Genius Brands InternationalGenius 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 award-winning ‘content with
a purpose’ portfolio includes the upcoming Stan Lee’s Superhero
Kindergarten, starring Arnold Schwarzenegger and in partnership
with Alibaba; Rainbow Rangers for Nick Jr.; Llama Llama, starring
Jennifer Garner, for 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 new Kartoon Channel! is available in over 100 million
U.S. television households via a broad range of distribution
platforms, including Comcast, Cox, DISH, Amazon Prime, Sling TV,
Apple TV, Roku, Amazon Fire and more. For additional information,
please visit www.gnusbrands.com.
Forward Looking Statements: Certain statements
in this press release constitute "forward-looking statements"
within the meaning of 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, our ability to generate revenue or
achieve profitability; our ability to obtain additional financing
on acceptable terms, if at all; our ability to repay our
outstanding debt; the potential issuance of a significant number of
shares to our convertible note holders which will dilute our equity
holders; fluctuations in the results of our operations from period
to period; general economic and financial conditions; our ability
to anticipate changes in popular culture, media and movies, fashion
and technology; competitive pressure from other distributors of
content and within the retail market; our reliance on and
relationships with third-party production and animation studios;
our ability to market and advertise our products; our reliance on
third-parties to promote our products; our ability to keep pace
with technological advances; our ability to protect our
intellectual property and those other risk factors set forth in the
“Risk Factors” section of the Company’s most recent Annual Report
on Form 10-K and in the Company's subsequent filings with the
Securities and Exchange Commission (the "SEC"). 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.
MEDIA CONTACT:pr@gnusbrands.com
INVESTOR RELATIONS
CONTACT:
ir@gnusbrands.com
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