Kartoon Studios Appoints Entertainment, Media and High-Tech Industry Executive, Brian Parisi, as Chief Financial Officer

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BEVERLY HILLS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Following major developments over the past year, including brand and digital platform launches, a name change and transition to the NYSE (TOON), Kartoon Studios (the “Company” or “Kartoon Studios”) today announced the appointment of finance veteran Brian Parisi as the Company’s Chief Financial Officer.

Andy Heyward, Chairman and CEO of Kartoon Studios stated, “It is my privilege to welcome Brian to our high-caliber executive team. At this pivotal moment in Kartoon Studios' evolution, Brian's specialized skillset 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 & Accounting.”