Global children media firm Genius Manufacturers Worldwide (NASDAQ: GNUS) introduced Monday former NBA star Shaquille O’Neal has agreed to govt produce and star in a brand new animated collection, and grow to be a shareholder within the firm.
Shaq’s Storage will not debut till 2022, however will probably be featured on Genius Manufacturers Kartoon Channel!, the advertiser-backed platform obtainable for each tv and cellular units that launched this past June. The dimensions of O’Neal’s funding in Genius Manufacturers was not disclosed.
Picture supply: Genius Manufacturers.
One other deal achieved
The animated collection will concentrate on the adventures of automobiles and vehicles that Genius Manufacturers CEO Andy Heyward says is impressed by Walt Disney‘s Toy Story, Marvel’s Tony Stark, and James Bond‘s 007 character.
The present is being created in partnership with Genuine Manufacturers Group, a worldwide model improvement, advertising and marketing, and leisure firm that acquired the rights to O’Neal’s enterprise offers in 2015. The basketball legend has since partnered with Papa John’s Pizza, 24-Hour Health, Auntie Anne’s pretzel outlets, and automobile washes, amongst others.
Contemplating the deal announcement solely refers to O’Neal turning into a “shareholder” with out indicating the dimensions of the funding, it suggests his place won’t be very important.
Shares of Genius Manufacturers are down 7% on the information. Though the broader market is falling sharply, too, the breathless press releases the media firm is understood for now not appear to have the identical means to pump up the inventory as they as soon as did. The shares, which briefly hit $11.73 in June, at present commerce beneath $1.50 a stub.
Even so, the inventory is up almost 2,700% from its 52-week lows, despite having lost greater than 85% of its worth from its excessive level.
10 shares we like higher than GENIUS BRANDS INTL.
When investing geniuses David and Tom Gardner have a inventory tip, it will probably pay to hear. In any case, the publication they’ve run for over a decade, Motley Idiot Inventory Advisor, has tripled the market.*
David and Tom simply revealed what they imagine are the ten best stocks for buyers to purchase proper now… and GENIUS BRANDS INTL. wasn’t considered one of them! That is proper — they assume these 10 shares are even higher buys.
*Inventory Advisor returns as of October 20, 2020
Rich Duprey has no place in any of the shares talked about. The Motley Idiot owns shares of and recommends Walt Disney and recommends the next choices: lengthy January 2021 $60 calls on Walt Disney. The Motley Idiot has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.