BEVERLY HILLS, CA--(Marketwired - August 15, 2016) - Genius Brands International "GBI" (
"This is a milestone agreement for GBI on many levels," commented Andy Heyward, Chairman & CEO, GBI. "Since we sold neither stock nor equity, there is no dilution for this money. It insures we will have access to the value of the Netflix contract (which is payable on and in the months after delivery), and we will have no need for raising funds to produce the series. It also speaks to 3rd party validation of GBI's creditworthiness, by an active and well respected lender in the entertainment credit community."
GBI filed an 8K with the SEC on Friday, August 12, 2016 announcing the facility.
About Genius Brands International
Headquartered in Beverly Hills, California, Genius Brands International, Inc. "GBI" (
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact Information:
GBI MEDIA CONTACT:
Michelle Orsi/Carol Holdsworth
Three.Sixty Marketing & Communications
310-418-6430