With the deal, Genius Brands will transfer its animation production to WOW!’s Canadian facilities, which are able to access various local tax credits. With bases in Toronto, Vancouver, New York and Los Angeles, WOW!’s studio operations service such clients as Netflix, Amazon Prime, Sony, Hulu, DreamWorks, Moonbug, Peacock and Mattel. Genius Brands International has reached a deal to acquire WOW! Unlimited Media, which owns Frederator Studios, Mainframe Studios and an extensive YouTube channel network, for $53 million in cash and stock.
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