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June 15, 2020
Genius Brands International has announced that Arnold Schwarzenegger, who is starring in and co-producing the new animated children’s series, “Stan Lee's Superhero Kindergarten,” elected to receive warrants to purchase shares of the company’s common stock as an advance against his profit participation in the show. Any further payouts will likely be in the form of cash payments.
“We are grateful to have Arnold, not only as a co-producer, but also as a warrant holder, which is a tribute to his belief in both the series and Genius Brands,” says Andy Heyward, chairman and chief executive officer, Genius Brands. “Not only is Arnold a legendary entertainer and a leading voice in promoting children’s education and fitness, he is a uniquely accomplished investor who brings the perspective of having been Governor of California, the fifth largest economy in the world. I can think of no better or smarter partner.”
Created by Stan Lee as one of his final projects, “Stan Lee’s Superhero Kindergarten,” which will premiere in 2021 on Amazon Prime in the U.S., is co-produced by Genius Brands with China’s Alibaba Group, Lee’s POW! Entertainment, and Schwarzenegger’s Oak Productions. Schwarzenegger, who also serves as executive producer, lends his voice as the lead character in the series. Co-creator of Deadpool, Fabian Nicieza, who has sold more than 100 million comic books worldwide, is scripting the series. Genius Brands’ Chairman and CEO Andy Heyward, Paul Wachter, CEO of Main Street Advisors, and President of POW! Entertainment, Gill Champion, also serve as executive producers.
“I am honored to help realize Stan’s vision of creating a children’s cartoon series that not only entertains with superhero adventures, but also imparts valuable lessons about the importance of health, exercise, nutrition, anti-bullying and diversity,” says Schwarzenegger. “Andy Heyward is one of the industry’s most respected producers of children’s programming, and working together we will be able to bring to life our shared vision of ‘content with a purpose,’ which parents can enjoy alongside their children while taking comfort in the moral and educational focus.”
Read more about:Arnold Schwarzenegger
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