Genius Brands International Announces Common Stock Acquisition by Company Chairman & CEO Andy Heyward

Genius Brands International Announces Common Stock Acquisition by Company 
Chairman & CEO Andy Heyward
 
BEVERLY HILLS, CA  -- (Marketwired) -- 05/11/16 --  Genius Brands
International, Inc. (OTCQB: GNUS) announces today that Chairman & CEO
Andy Heyward has filed a Form 4 Statement of Changes in Beneficial
Ownership, to report the issuance of 238,683 share of Genius Brands
International Common Stock at the closing price as of May 4, 2016 of
$1.72. The acquisition of stock was made in satisfaction of certain
short-term cash advances totaling $410,535, which Mr. Heyward made to
A Squared Entertainment LLC, a wholly owned subsidiary of Genius
Brands International, prior to its merger with Genius Brands in 2013.
Mr. Heyward stated that he elected to take stock in payment of the
debt rather than cash, thus removing the liability from the Company's
balance sheet.
 
About Genius Brands International 
 
Headquartered in Beverly Hills, California, Genius Brands
International, Inc. "GBI" (OTCQB: GNUS) is a publicly traded global
brand management company that creates and licenses multimedia content
for toddlers to tweens. Led by award-winning creators and producers,
GBI creates "content and products with a purpose," providing
enrichment as well as entertainment. The Company distributes its
content worldwide in all formats, as well as a broad range of
consumer products based on its characters. GBI's portfolio includes
award-winning Baby Genius, re-launched with new entertainment and
over 40 new products; adventure comedy Thomas Edison's Secret Lab®,
available on Netflix, public broadcast stations and GBI's Kid Genius
channel on Comcast's Xfinity on Demand reaching 21 million
households; animated movie Stan Lee's Mighty 7, the first project
from Stan Lee Comics, a joint venture with Stan Lee's POW!
Entertainment and featuring an all-star voice cast led by legendary
Stan Lee; and Warren Buffett's Secret Millionaires Club, created with
and starring iconic investor Warren Buffett. The Company is also
producing a new animated preschool series based on Llama Llama, the
NY Times bestselling children's book franchise; and the music-driven,
tween adventure series SpacePOP. 
 
GBI's wholly owned subsidiary A Squared Entertainment is a brand
management and licensing company 
that represents third-party
properties across a broad range of categories in territories around
the world. The company currently represents From Frank, a humor
greeting card and product line, and Celessence Technologies, the
world's leading microencapsulation company. 
 
For additional information please visit www.gnusbrands.com.