Genius Brands Announces Deal to Create Stan Lee Universe

"Buy the rumor, sell the news" seems to be the case with Genius Brands' (NASDAQ: GNUS) announcement today that the children's video entertainment company has signed a deal with Stan Lee's Pow! Entertainment to create Stan Lee Universe.

The stock was down almost 20% in morning trading after soaring 53% last week following a company teaser that it would hold a conference call today "to discuss an exciting business development."

Image source: Pow! Entertainment.

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Source Fool.com