Kartoon Studios sells Frederator Channel Network business for $500,000 cash
TOON•Key Frederator Studios IP retained
Key Frederator Studios IP was retained for distribution and licensing, including Bee and PuppyCat and Castlevania.
Strategic focus of the transaction
The transaction sharpens focus on IP monetization, franchise development, animation production, global distribution, and consumer products.
Kartoon Studios sells Frederator Channel Network business
Kartoon Studios sold Frederator Networks’ Channel Network business in an all-cash asset deal.
Cash consideration totaled USD 500,000.
