Genius Brands rallies after report of Disney stake in POW! Entertainment - InvestingChannel

Genius Brands rallies after report of Disney stake in POW! Entertainment

Disney (DIS) plans to acquire a 5% stake in POW! Entertainment for an undisclosed amount, the website DisneyGuide reports. Genius Brands (GNUS) announced on July 6 that the company and Stan Lee’s POW! Entertainment inked a deal to create Stan Lee Universe, a joint venture that will assume worldwide rights across media to Lee’s post-Marvel intellectual property. Shares of Genius Brands are up 7% to $2.58 in afternoon trading.