logo
Plus   Neg
Share
Email

Arnold Schwarzenegger Enters Into Deal To Become Investor In Genius Brands

Genius Brands International Inc. (GNUS) said that Arnold Schwarzenegger, who is starring in and co-producing the new animated children's series, Stan Lee's Superhero Kindergarten, elected to receive warrants to purchase shares of the company's common stock as an advance against his profit participation in the show.

The company noted that any further payouts will likely be in the form of cash payments.

Created by Stan Lee as one of his final projects, Stan Lee's Superhero Kindergarten, which will premiere in 2021 on Amazon Prime in the U.S., is co-produced by Genius Brands with China's Alibaba Group, Lee's POW! Entertainment, and Schwarzenegger's Oak Productions. Schwarzenegger, who also serves as executive producer, lends his voice as the lead character in the series.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT