Kartoon Studios sells Frederator Networks channel business for $500K; retains key IP

Kartoon Studios, Inc.

Sold Frederator Networks' Channel Network business for $500,000 cash.
Retains key Frederator Studios IP: Bee and PuppyCat, Bravest Warriors, Castlevania, Catbug.
Transaction aligns with strategy to focus on premium IP monetization and franchise development.
CEO Andy Heyward says deal separates businesses with different operating models and growth priorities.

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