In a significant move reinforcing its commitment to innovative
digital publishing, Legible Inc. (CSE: READ) (OTCQB:
LEBGF) (FSE: D0T) (“Legible” / “Company”) is pleased to
announce that it has been selected by Kartoon Studios, Inc.
(“Kartoon Studios”) (NYSE AMERICAN: TOON) to publish and
distribute in web and print Stan Lee's Workforce, created by Stan
Lee himself, the legendary co-creator of Spider-Man, The Avengers,
X-Men, and many other blockbuster franchises.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230908226130/en/
Kill Switch - Stan Lee's Workforce
(Graphic: Business Wire)
This deal expands Legible’s existing partnership with Kartoon
Studios and further positions the Company as an emerging global
publisher, with a growing catalogue of high-revenue content for its
upcoming online Unbound membership service, as well as expansion of
Legible’s print publishing arm.
Jon Ollwerther, Executive Vice President of Business Development
at Kartoon Studios, commented, “Legible is a consummate partner to
Kartoon Studios and as the publisher of Stan Lee Comics Legible
already has deep knowledge of Stan Lee and his catalogue. They were
the obvious choice to bring Stan Lee’s Workforce to readers around
the world.”
The news follows the recent announcement that Stan Lee Universe
(a joint venture between Kartoon Studios and POW!) selected Legible
as a leading online eBook streaming platform and multimedia
publisher to develop and distribute approximately 12 original comic
book series based on never-before-seen Stan Lee creations. Legible
subsequently appointed Stan Lee colleagues and aficionados, Batman
Executive Producer Michael Uslan and his film industry innovator
son David Uslan, as strategic advisors, and the Uslans’ insights
and leadership in these initiatives will be invaluable as these
dynamic and compelling projects unfold.
“Legible is the perfect partner for this creative digital
innovation and will bring so much entertainment to existing and new
Stan Lee fans worldwide,” said Michael Uslan. “Stan would have been
so excited about this project as we amplify and grow his remarkable
legacy to include a whole new generation.”
Kaleeg Hainsworth, CEO of Legible, stated, “We are honoured and
thrilled to become the exclusive global publisher and distributor
for this high-profile project. Legible is emerging as a major new
publisher with high-value content. Stan Lee co-created
unforgettable characters that are globally loved, and we look
forward to making his extraordinary work accessible to fans new and
old around the world by delivering next-generation multimedia
enriched reading experiences.”
About Stan Lee
Stan Lee is one of the most prolific and legendary comic
creators of all time. As Marvel's editor-in-chief, Stan "The Man"
Lee helped create and build a universe of interlocking continuity,
one where fans felt as if they could turn a street corner and run
into a superhero from Spider-Man to the Fantastic Four, Thor, Iron
Man, the Hulk, the X-Men, and more.
Stan went on to become Marvel’s editorial director and publisher
in 1972, and was eventually named chairman emeritus. Among Stan’s
many awards is the National Medal of Arts, awarded by President
Bush in 2008, and the Disney Legends Award, received in 2017. He
was also inducted into the comic industry’s Will Eisner Award Hall
of Fame and Jack Kirby Hall of Fame.
About Kartoon Studios
Kartoon Studios (NYSE AMERICAN: TOON) is a global end-to-end
creator, producer, distributor, marketer, and licensor of
entertainment brands. The Company’s IP portfolio includes original
animated content, including the Stan Lee brand, Stan Lee’s
Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon
Channel!; Shaq’s Garage, starring Shaquille O’Neal, on Kartoon
Channel!, and a broad distribution platform, Rainbow Rangers, on
Kartoon Channel! and Netflix; the Netflix Original, Llama Llama,
starring Jennifer Garner, and more.
In 2022, Kartoon Studios acquired Canada’s WOW! Unlimited Media
and made a strategic investment becoming the largest shareholder in
Germany’s Your Family Entertainment AG (FRA: RTV), one of Europe’s
leading distributors and broadcasters of high-quality programs for
children and families.
The company’s wholly-owned digital distribution network, Toon
Media Group, consists of Kartoon Channel!, Kartoon Channel!
Worldwide, Frederator Network, and Ameba. Kartoon Channel! is a
globally distributed entertainment platform with full penetration
of the U.S. television market and international expansion underway
with launches in key markets around the world, including Germany,
India, Australia, New Zealand, Africa & Sub-Saharan Africa and
more.
Kartoon Channel! and Ameba are available across multiple
platforms, including Apple iOS, Apple TV, Android Mobile, Android
TVWeb, Amazon Prime Video, Amazon Fire, Roku, Pluto TV, Comcast,
Cox, Dish, Sling TV, Tubi, Xumo, Samsung and LG Smart TVs, and
YouTube. Frederator Network owns and operates the largest global
animation network on YouTube, with channels featuring over 2000
exclusive creators and influencers, garnering on average over a
billion views every month.
For additional information, please visit
www.kartoonstudios.com
About Legible Inc.
Legible Inc. is a book entertainment and media company with a
mission: millions of books for billions of readers, globally.
Legible provides innovative eReading experiences to anyone anywhere
with an internet-enabled device. Legible has developed multiple
high-value verticals: a browser-based, mobile-first B2C eBook
entertainment platform delivering a global online bookstore,
streaming about 2 million eBooks in a reading system for the
emerging web with high-growth potential called Legible.com; and a
global B2B eBook conversion and production service with high
revenue potential called Legible Publishing. Legible is
transforming the digital publishing industry and gaining market
share through innovative, 21st century publishing and global
reading experiences, and embraces core values of sustainability,
accessibility, and global literacy.
Please visit Legible.com and discover the place where eBooks
come to life.
Forward Looking Statements: Certain statements in this
press release constitute "forward-looking statements" within the
meaning of the federal securities laws. Words such as "may,"
"might," "will," "should," "believe," "expect," "anticipate,"
"estimate," "continue," "predict," "forecast," "project," "plan,"
"intend" or similar expressions, or statements regarding intent,
belief, or current expectations, are forward-looking statements.
While the Company believes these forward-looking statements are
reasonable, undue reliance should not be placed on any such
forward-looking statements, which are based on information
available to us on the date of this release. These forward looking
statements are based upon current estimates and assumptions and are
subject to various risks and uncertainties, including without
limitation, our ability to generate revenue or achieve
profitability; our ability to obtain additional financing on
acceptable terms, if at all; the potential issuance of a
significant number of shares, which will dilute our equity holders;
fluctuations in the results of our operations from period to
period; general economic and financial conditions; our ability to
anticipate changes in popular culture, media and movies, fashion
and technology; competitive pressure from other distributors of
content and within the retail market; our reliance on and
relationships with third-party production and animation studios;
our ability to market and advertise our products; our reliance on
third-parties to promote our products; our ability to keep pace
with technological advances; our ability to protect our
intellectual property and those other risk factors set forth in the
“Risk Factors” section of the Company’s most recent Annual Report
on Form 10-K and in the Company's subsequent filings with the
Securities and Exchange Commission (the SEC). Thus, actual results
could be materially different. The Company expressly disclaims any
obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230908226130/en/
KARTOON STUDIOS MEDIA: pr@kartoonstudios.com
KARTOON STUDIOS INVESTOR RELATIONS:
ir@kartoonstudios.com
LEGIBLE MEDIA AND IR: Deborah Harford EVP,
Global Strategic Partnerships Email: invest@legible.com
Website: https://invest.legible.com
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