Genius Brands International Inc (GNUS)

[rickn23]

Quarterly report:

Revenue $198,091

Net Loss $1,316,234

https://www.sec.gov/Archives/edgar/data/1355848/000168316817001263/genius_10q-033117.htm


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Licensing and royalty revenue includes items for which we license the rights to our copyrights and trademarks of our brands and those of the brands for which we act as a licensing agent. During the three months ended March 31, 2017, compared to March 31, 2016, this category increased $5,201 or 4% primarily due to increases in revenues from our SpacePop property offset by decreases in one brand for which we act as a licensing agent.


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Television & Home Entertainment revenue is generated from distribution of our properties for broadcast on television, VOD, or SVOD in domestic and international markets and the sale of DVDs for home entertainment through our partners. Fluctuations in Television & Home Entertainment revenue occur period over period based on the achievement of revenue recognition criteria such as the start of a license period and the delivery of the content to the customer. During the three months ended March 31, 2017, compared to March 31, 2016, Television & Home Entertainment revenue decreased $160,508 or 79%. During the three months ended March 31, 2016, we recognized revenue from numerous licenses of our Thomas Edison’s Secret Lab Property. In the current period, there were fewer licenses of Thomas Edison’s Secret Lab offset by increased licensing activity related to our SpacePop property.



Advertising sales are generated on the Kid Genius Cartoon Channel in the form of either flat rate promotions or advertising impressions served. Advertising sales increased by $1,505 during the three months ended March 31, 2017 due to advertising impressions served compared to zero revenue in the prior period as we began to monetize our growing base of homes served during the second half of 2016.