According to The Insight Partners’ latest study on “Kids Toys Market Size Report, Forecast to 2030 – COVID-19 Impact and Global Analysis – by Product Type, Distribution Channel, and Geography,” the Kids Toys market is expected to grow from $122.90 billion in 2022 to $183.15 billion by 2030; it is estimated to grow at a CAGR of 5.1% from 2022 to 2030.
Amassing millions of fans across multiple platforms over the past decade, Kartoon Studios (NYSE:TOON) celebrates the 10th Anniversary of its Frederator Networks’ critically-acclaimed, hit original Netflix series, Bee and PuppyCat. In July 2013, creator Natasha Allegri’s Bee and PuppyCat premiered on Frederator Networks’ Cartoon Hangover YouTube channel—a charming animated tale of a twenty-something temp worker named Bee and her mysterious companion PuppyCat as the two travel on fantastic adventures across space while taking on various intergalactic odd jobs to help make rent. What followed was a historic grassroots crowdfunding campaign; a full season on YouTube; followed by a full season debut on Netflix, Bee and PuppyCat: Lazy in Space; a comic book series, incredible cosplayers; amazing fanart; and a rapidly growing global community of fans.
Millimages, one of the most innovative IP developers and oldest independent animation studios in Europe, has launched a new Molang digital channel that will be hosted by Molang as a YouTuber. The innovative concept will see Molang and sidekick Piu Piu interacting with their fans in video concepts normally made by humans (gaming, ASMR, reactions, and various challenges), propelling the cartoon character and brand into a whole new dimension of social media.
Toybox Labs Inc, in partnership with Paramount Consumer Products, announced that they have signed a licensing agreement to have Nickelodeon IP on the Toybox platform. Paramount will start off with characters from SpongeBob SquarePants, bringing the lovable sea sponge and all his friends to the Toybox Platform.
Nifty’s, the platform for NFT-powered fan communities, and Warner Bros. Consumer Products are partnering once again, taking their collaboration to a whole new level, with the launch of an all-new story-driven blockchain program that will engage Looney Tunes fans like never before! Looney Tunes: What’s Up Block? will use digital art as a new medium for storytelling, creating a fresh narrative for the Looney Tunes franchise that will be revealed through NFTs.
Cyber Group Studios, a leading producer and distributor of animated series, has acquired a majority stake in the award-winning and veteran Italian animation studio Graphilm Entertainment. The acquisition will increase Cyber Group Studios’ creative and production capabilities to meet content demands in the European region and globally. This strategic partnership will also provide Graphilm Entertainment with major development opportunities for its own productions and original creations, thanks to the resources of Cyber Group Studios’ unique development and production facilities, and worldwide distribution network. In addition, Cyber Group Studios will benefit from access to Graphilm Entertainment’s catalog of kids and family content.
Firefly Brand Entertainment has been appointed by America’s #1 Classic TV Network, MeTV (owned by Weigel Broadcasting Co.), as the North American licensing agent for the popular hosted horror movie television program “Svengoolie” and also for “Toony the Tuna” from the live-action/animated comedy morning show “Toon In With Me.”
Young fashion chain belonging to the Inditex group: Pull&Bear, has signed a Direct-to-Retail agreement with DeAPlaneta Entertainment for the global launch of The Smurfs collection, featuring the iconic little blue characters loved by several generations.