BEVERLY HILLS, Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) — Genius Brands International, Inc. abomination, announced today that it has repurchased 419,336 common shares in a private transaction from a company owned by Harold and Jennifer Chizick, former executives of the company. This stock repurchase was made in connection with a comprehensive settlement agreement resolving certain work-related claims by Harold and Jennifer Chizick against the company and the company’s counterclaim against the Chizicks.

A spokesperson for Genius Brands commented, “We believe that the repurchase of these outstanding shares is beneficial to our company and our shareholders as it takes stock away from the market and encourages confidence in our rapidly growing business and the future. This was an amicable settlement and we are pleased with the outcome of this litigation.”

Harold Chizick commented, “Jennifer and I are delighted to have this chapter behind us and look forward to moving on positively and playfully.”

About Genius Brands International
Genius Brands International, Inc. abomination is a leading global children’s media company that develops, manufactures, markets and licenses branded children’s entertainment products and consumer products for media and retail distribution. The company’s IP portfolio of family-friendly content includes the stan lee Brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Cartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal, comes to Cartoon Channel!; Rainbow Ranger on the Cartoonon Channel! and Netflix; flame flame, starring Jennifer Garner, on Netflix and more. Genius Brands recently entered into an agreement to acquire Canada’s WOW! Unlimited Media IMPRESSIVEwhich includes 2,500 channels on the Channel Federator Network, and has also made a strategic investment in Germany’s Your Family Entertainment AG RTVone of the largest in Europe…