Why Genius Brands Stock Is Surging

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Shares of Genius Brands International (NASDAQ: GNUS) jumped 10% Tuesday as investors looked ahead to the kids’ entertainment company’s upcoming announcement at the end of the month.

In his letter to shareholders on March 4, CEO Andy Heyward promised to deliver exciting news related to Genius Brands’ deal with Marvel, the comic book-based media titan and subsidiary of Walt Disney (NYSE: DIS). Heyward said the announcement would come no later than March 30. 

Image source: Getty Images.

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