Kartoon Studios Receives ~$39.2M Initial Cash Payment From Its Previously Announced Litigation Settlements

Kartoon Studios, Inc.

Kartoon Studios, Inc.

TOON

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Kartoon Studios, Inc. (NYSE:TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced that it has received the initial cash payment of approximately $39.2 million from its previously announced litigation settlements.