Nasdaq quoted and LA-based Genius Brands International, the children’s entertainment company, has announced its intention to buy WOW! Unlimited Media in a cash and shares deal worth $53m. WOW! has offices across North America with Netflix, Dreamworks, and Amazon included in its client list.
The company had revenues of $46.4m in the year to June with profits of $5.1m and a claimed forward orderbook of $62m for the current year. The company has attracted a claimed 1bn views to its Frederator YouTube channel. Genius Brands will now transfer its production from China to Canada where WOW! has a production base.
