September 27, 2023
Following major developments over the past year, including brand and digital platform launches and a name change, Kartoon Studios has announced the appointment of finance veteran, Brian Parisi, as the company’s chief financial officer.
“It is my privilege to welcome Brian to our high-caliber executive team,” says Andy Heyward, chairman, chief executive officer, Kartoon Studios. “At this pivotal moment in Kartoon Studios’ evolution, Brian’s specialized skill set in financial management, coupled with his rich experience in the entertainment industry, could not be more timely or relevant. As a company, we have been steadfast in our commitment to streamline operations with a meticulous eye on cost control, aiming for long-term, sustainable growth and profitability. In line with these goals, we are in the midst of executing a comprehensive strategy to reduce operating costs across the company, as we grow our core businesses and brands. We believe that Brian’s deep financial expertise will not only augment our existing capabilities, but also serve as an invaluable resource in our mission to optimize financial performance, steer Kartoon Studios toward a profitable future and enhance long-term shareholder value. It is also important to acknowledge the exceptional work Bob Denton has done as our CFO. He has been a key figure in the evolution of this company – from its origins as Genius Brands, listed on Nasdaq, to its recent rebranding as Kartoon Studios, listed on the NYSE American. Bob has played a key role in transforming us from an emerging children’s entertainment company into a multifaceted global enterprise. As we shift into high gear, focusing on cost-efficiency and fiscal responsibility, aimed at achieving sustained profitability, we look forward to Bob’s continued contributions in his new role as executive vice president, finance and accounting.”
“I am honored to join Kartoon Studios at this exciting time in the company’s growth,” says Parisi. “I look forward to collaborating with the executive team, as the company implements a comprehensive strategy to drive revenues and enhance profitability. I see the potential for creating additional operating efficiencies and increasing long-term shareholder value. I am optimistic about what lies ahead for Kartoon Studios and look forward to playing an active role in its future success.”
Parisi brings 30 years of experience spanning the entertainment, media and high-tech industries, including finance, accounting, M&A, capital raising and corporate development. Prior to joining Kartoon Studios, he served as chief financial officer, Break the Floor Productions, in Hollywood, Calif., an entertainment production company where his responsibilities included overseeing the evaluation and analysis of mergers and acquisitions, risk management and the creation of policies to reduce the company's overall risk exposure. Prior to that, he was chief financial officer, NFL Hall of Fame Village.
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