Genius Brands International, Inc. (“Genius Brands” or the “Company”) (Nasdaq: GNUS), a global brand management company that creates and licenses multimedia entertainment content for children, today announced that Arnold Schwarzenegger, who is starring in and co-producing the new animated children’s series, Stan Lee's Superhero Kindergarten, elected to receive warrants to purchase shares of the Company’s common stock as an advance against his profit participation in the show.