Genius Brands International, Inc. (NASDAQ:GNUS) Q4 2018 Earnings Conference Call - Final Transcript

Apr 02, 2019 • 10:00 am ET


Genius Brands International, Inc. (NASDAQ:GNUS) Q4 2018 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Genius Brands International Business Update and Year-End Investor Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

I now like to turn the conference over to your host, Michael Porter, President of Porter, LeVay & Rose. Thank you, you may begin.

Michael Porter

Good morning. Thank you, Matt. Good morning, ladies and gentlemen. 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 uncertainty, including without limitation, those set forth in the Company's filings with the Securities and Exchange Commission, not limited to risk factors relating to its patent business contained therein. Thus, actual results may 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.

I'd now like to turn the call over to Andy Heyward. Good morning, Andy.

Andy Heyward

Good morning. Thank you, Michael. Yesterday, Genius Brands released its annual 10-K. I'm very excited today to talk about it and as well to share additional news regarding our flagship brand Rainbow Rangers. Before jumping to Rainbow Rangers, however, I want to first share some of the important events occurring with the Company this year, per our 10-K.

Our mission at Genius Brands is a simple one. It is to create long-term value and assets for our shareholders, through the creation and build-out of a catalog of animated children's programs. Animated characters and programs are time tested assets that historically have proven to be extraordinarily valuable and impervious to market forces. Getting there has often been a bumpy road of ups and downs along the way, but those who have persevered, have inevitably created great wealth for themselves and their investors.

Children's cartoons stand the test of time, and over and over again, those animation catalogs end up sold for a lot of money. The animation catalog being built now at Genius Brands is no different, and we see a rich outcome for those with patience. As many of you know, the first cartoons I worked on personally were the Flintstones, the Jetsons, and Scooby Doo. They are still all around today, they are still selling toys and cereals and backpacks and vitamins, and they are many times more valuable today than when they were first created. Even a better example, I like to point out is Tom