Genius Brands Acquires Sonic and Pac-Man for Its Kids' Channel
Children's media company Genius Brands (NASDAQ: GNUS) is adding a bloc of episodes of Adventures of Sonic the Hedgehog and Pac-Man and the Ghostly Adventures to its Kartoon Channel!, which is available for both television and mobile devices.
It announced today that it has acquired the two series for an undisclosed sum from 41 Entertainment, a privately held animation company that develops, produces, and distributes television shows. Genius Brands CEO Andy Heyward has described its video channel as "Netflix (NASDAQ: NFLX) for kids, but free."
Image source: Genius Brands.
Source Fool.com
