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Kartoon Channel! Launches on Samsung Smart TVs, Sending Genius Brands Stock Soaring

TheMotleyFool

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Kartoon Channel! Launches on Samsung Smart TVs, Sending Genius Brands Stock Soaring

Shares of Genius Brands International (NASDAQ: GNUS) were soaring on Friday, after the company announced an agreement with Samsung. Genius Brands' Kartoon Channel! will be available for free on Samsung smart TVs effective immediately.

It's been a volatile year for shareholders of Genius Brands, but the stock is still far outpacing the S&P 500 in 2020. Today it adds to its market-beating performance. As of 11:15 a.m. EDT, the stock was up 18%. But it had traded as much as 43% higher earlier in the session.