Kartoon Studios, Inc.

BEVERLY HILLS, CA / ACCESS Newswire / September 8, 2026 / Kartoon Studios, Inc. (NYSE American:TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced that the Company filed its proxy statement with the U.S. Securities and Exchange Commission on Friday, September 4, 2026, which included a letter to shareholders from Andy Heyward, Chairman and Chief Executive Officer. The letter can also be accessed on the Company's website by visiting https://ir.kartoonstudios.com/annual-reports. DEAR FELLOW SHAREHOLDERS, For many years, I created the animated movie that opened the annual Berkshire Hathaway shareholders meeting, and have had the privilege of producing an animated series for children with Warren Buffett called Secret Millionaires Club. Warren often reminded young viewers that success is rarely built overnight. It comes from patience, discipline, sound judgment, and the willingness to plant seeds whose shade you may not enjoy for many years. That lesson has stayed with me throughout my career, and it is especially relevant to Kartoon Studios today. For much of my professional life, I have been fortunate to work alongside some of the most accomplished visionaries in entertainment. I learned storytelling from Joe Barbera at Hanna-Barbera, where I had the privilege of sitting at the feet of a master, who created such greats as YOGI BEAR, SCOOBY DOO, and THE FLINTSTONES. Joe taught me how to tell a story, how to develop characters, and how to understand the simple truth that great entertainment begins with great storytelling. I worked closely with Ted Turner in creating and producing Captain Planet, a franchise born from his passion for environmental stewardship and his belief that children's entertainment could help improve the world. Though we lost Ted this past year, his vision and friendship remain among the treasures of my career. I was equally fortunate to spend many years alongside the legendary Stan Lee, whose imagination gave the world Spider-Man, Iron Man, the Avengers, Black Panther, Fantastic Four, and countless other iconic creations. Today, through our stewardship of the Stan Lee Universe, we are entrusted with preserving and extending one of the most significant creative legacies in entertainment history. It is a responsibility we take seriously and a privilege we treasure. Over the course of my career, I have created, produced, written, or supervised more than 6,000 animated episodes. The lessons I learned from these remarkable individuals remain at the core of everything we do at Kartoon Studios today. Most importantly, they taught me something that is perhaps more relevant today than ever before: Great intellectual property is rare. A successful television series is valuable. <p

8-K Filed Announcing Agreement with Amazon Prime Strengthened Balance Sheet with $40 million in Cash and No Long-Term Debt Focus on Intellectual Property Ownership for Next Phase of Growth BEVERLY HILLS, CA / ACCESS Newswire / August 14, 2026 / Kartoon Studios, Inc. (NYSE American:TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced financial results for the second quarter ended June 30, 2026, and provided an update on a strategic transformation designed to focus the Company on the ownership, development and commercialization of high-value intellectual property assets for children. Following the receipt of approximately $39.2 million from previously announced litigation settlements, Kartoon Studios ended the quarter with approximately $40.5 million in cash and marketable securities and no long-term debt, providing substantial financial flexibility to execute its long-term growth strategy. The Company also filed a separate 8-K notice of a significant distribution partnership for its flagship Hundred Acre Wood franchise based on A.A. Milne's Winnie-the-Pooh with Amazon Prime, while continuing to expand development initiatives surrounding the Stan Lee Universe. Together, these milestones represent important building blocks in the Company's evolution toward a focused, scalable and profitable intellectual property-driven business model. Recent Operational Highlights Ended the second quarter with approximately $40.5 million in cash and marketable securities and no long-term debt following receipt of initial litigation settlement proceeds, significantly strengthening the Company's financial position. An additional $39.2 million remains in escrow and which will be distributed to the Company after legal fees are determined and paid. 8-K disclosed an agreement with Amazon Prime for Hundred Acre Wood, based on A.A. Milne's Winnie-the-Pooh, launching on February 18, 2027 featuring promotional support including Hero Banner placement and participation in Amazon's Shop the Show program, creating integrated streaming and merchandising opportunities. In July, completed the sale of the Frederator channel network business while retaining Frederator Studios intellectual property, including Castlevania, Bee and Puppycat, among other properties, sharpening the Company's strategic focus on owned and controlled IP assets. Appointed Brooke Bacon, formerly head of consumer product licensing at Activision, as Senior Vice President of Consumer Products and Licensing to lead the monetization of Kartoon Studios' growing portfolio of owned intellectual property through licensing, retail, consumer products and strategic partnerships. Strategic Update Following a comprehensive review of its portfolio, operating structure and capital allocation priorities, Kartoon Studios has implemented a strategic transformation designed to create a leaner, more focused and more profitable enterprise centered on owned and controlled intellectual property for children. The Company is concentrating investments on high profile animated franchises where it owns or controls the underlying rights and will participate across multiple revenue streams, including content distribution, licensing, consumer products, publishing, digital commerce and brand extensions. Management believes this pivot offers substantial long-term value creation, and a change in direction from the Company's historical reliance on production services and third-party-owned properties. Consistent with this transformation, the

Veteran Activision Blizzard Executive to Lead Global Licensing, Retail and Consumer Products Strategy Across Company's Owned and Controlled IP Portfolio Appointment Advances Company's Shift Toward IP Ownership and Franchise Monetization BEVERLY HILLS, Calif., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Kartoon Studios, Inc. (NYSE American: TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced the appointment of Brooke Bacon as Senior Vice President, Consumer Products and Licensing. Bacon will lead global licensing, consumer products, retail, brand partnerships and franchise commercialization across the Company's portfolio of owned and controlled intellectual property, including based on A.A. Milne’s iconic Winnie the Pooh, the Hundred Acre Wood, the Stan Lee Universe, including Stan Lee Superhero Pets, and select established brands. The appointment advances Kartoon Studios' strategic realignment to an owned IP-led model in which the Company retains ownership economics and participates across multiple points of the value chain. As Kartoon Studios brings its properties to market, consumer products and licensing are expected to serve as core commercialization channels alongside content distribution, publishing, advertising and other brand extensions. "Brooke is joining Kartoon Studios at an important point in our evolution, as we seek to move from building and developing our IP portfolio, to launching and monetizing those properties across a broader commercial ecosystem," commented Andy Heyward, Chairman and Chief Executive Officer of Kartoon Studios. "Our objective is to create enduring franchises in which Kartoon Studios owns and controls the underlying rights in the characters we bring to the screen, and participates in the value generated across content, distribution, licensing and consumer products. Consumer products and licensing are central to how owned IP can generate value beyond the screen. Brooke has built commercial programs around some of the world's best-known entertainment franchises and brings deep experience across licensing, retail and strategic partnerships. We believe her appointment will strengthen our ability to establish the category strategies, partner network and disciplined execution required to convert audience engagement into long-term brand and shareholder value." In her role, Bacon will establish global licensing and consumer products roadmaps; identify and manage category, retail and promotional partnerships; oversee brand stewardship, style guides and creative assets; and coordinate go-to-market plans with the Company's creative, production, distribution and marketing teams. She will also help define commercial milestones and performance measures for scaling investment across individual properties. "Kartoon Studios owns a collection of highly recognizable intellectual property with large, engaged fan followings, which should provide a strong foundation to accelerate monetization through strategic licensing, distribution, consumer products and franchise expansion," said Bacon. Bacon joins Kartoon Studios from Activision Blizzard, part of Microsoft, where she most recently served as Senior Director, Licensing &amp; Consumer Products and led the global licensing and consumer products business across a portfolio that included Call of Duty, World of Warcraft, Diablo, Overwatch, Spyro and Crash Bandicoot. Her responsibilit