$TOON Kartoon Channel: An Emerging Powerhouse
While the industry faced turbulence, Kartoon Studios' proprietary platform, Kartoon Channel!, soared. Recording an impressive 82% YoY growth in H1 2023, the platform saw a surge in subscribers and engagement. Flagship shows like Stan Lee's Superhero Kindergarten, Rainbow Rangers, and Shaq's Garage received immense love from audiences. Their 4.9/5 rating in the Apple app store also makes them a formidable competitor against streaming behemoths like Disney+ and Netflix Kids.Heyward remarked, "Unlike others who prioritize subscriber count over profitability, we've adopted a balanced approach, ensuring our streaming venture inches closer to profitability.