Kidscreen » Archive » Genius Brands acquires Wow! Unlimited
The US$53-million deal will see Genius move all of its production to Canada, as well as expand consumer products and distribution efforts for Wow!’s IPs.
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The US$53-million deal will see Genius move all of its production to Canada, as well as expand consumer products and distribution efforts for Wow!’s IPs.
Genius Brands International has reached a deal to acquire WOW! Unlimited Media, which owns Frederator Studios, Mainframe Studios and an extensive YouTube channel network, for $53 million in cash and stock.
Genius Brands Announces US $56 Million Acquisition of Vancouver's WOW! Unlimited Media, Creating a Global Animation & Digital Media Powerhouse. Vancouver, BC, October 27, 2021--Genius Brands International, Inc. (NASDAQ: GNUS) and WOW! Unlimited Media (TSX-V: WOW), parent company of Vancouver-based animation company Mainframe Studios, announced that they have entered into a definitive agreement whereby Genius Brands will acquire WOW! for approximately US$53million in cash and stock.
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