Arnold Schwarzenegger Enters Into Agreement to Become Significant Investor in Genius Brands International Schwarzenegger Will Receive Warrants in Genius Brands Under the Agreement for His Role Starring in and Co-Producing the New Animated Children’s...Arnold Schwarzenegger • June 15th, 2020 • Genius Brands International, Inc. • Services-motion picture & video tape production
BEVERLY HILLS, Calif., June 15, 2020 – 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, today 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.
