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Sunday, 05/22/2022 8:38:39 PM

Sunday, May 22, 2022 8:38:39 PM

Post# of 10204
Why Genius Brands Soared 24% This Week
By Rich Duprey - May 21, 2022 at 10:03AM

https://www.fool.com/investing/2022/05/21/why-genius-brands-soared-24-this-week/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

What happened

Shares of Genius Brands (GNUS -4.97%) rocketed 23.7% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence.

Investors didn't care so much that the children's entertainment outfit reported earnings that showed a 35% increase in sales (though the stock did go up almost 10% on the news). Rather it was the announcement that Genius Brands signed a 20-year deal with Disney's (DIS -0.70%) Marvel Studios to license the name and likeness of comic book legend Stan Lee for use in films and television, as well as to use in Disney theme parks globally, that sent shares soaring.

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