We are investigating Genius Brands International, Inc. (GNUS) (“Genius” or the “Company”) for potential violations of the federal securities laws. On June 5, 2020, Hindenburg Research published a report entitled “A Bagholder’s Guide to Why We Think Genius Brands Will Be a $1.50 Stock Within a Month” (the “Hindenburg Report”). The Hindenburg Report questioned the Company’s actual value, noting that contrary to Genius’s representations, the Company’s highly-touted cartoon property “Rainbow Rangers” was airing only nine times per week, rather than 26 times as Genius had previously represented, and at unfavorable time slots. On July 2, 2020, Genius issued a press release touting the announcement of a purported “Key Business Development” on July 6, 2020. However, the July 6, 2020 announcement merely touted the creation of a joint venture with POW! Entertainment regarding intellectual property created by Stan Lee after his time at Marvel Entertainment. On this underwhelming news, Genius’s stock price fell $0.89 per share, or 25.07%, to close at $2.66 per share on July 6, 2020.