What happened Shares of Genius Brands International (NASDAQ: GNUS) surged 23.6% on Thursday after the kids' entertainment company issued a letter to shareholders. So what In its letter, Genius Brands set April 23 as the series premiere date for its new show, Stan Lee's Superhero Kindergarten, starring Arnold Schwarzenegger. The program will debut on Genius Brands' family friendly digital network, Kartoon Channel! Stan Lee helped to create some of the most beloved superheroes of all time, including Marvel's Spider-Man, Hulk, Thor, and Iron Man, among others. Superhero Kindergarten was one of Lee's last creations before his death in late 2018. Genius Brands International's stock price popped on Thursday. Image source: Genius Brands. CEO Andy Heyward told investors to expect more content announcements, both of the original and acquired variety. Genius Brands recently purchased the license of five Scooby-Doo movies from Warner Bros. for Kartoon Channel!. Now what Heyward also teased an upcoming announcement related to a deal between Genius Brands and Disney-owned Marvel. He said Genius Brands will release more information about the deal by the end of March. Additionally, Heyward highlighted the optionality provided by the company's debt-free balance sheet and significant cash reserves. "We are looking at a number of important and highly accretive acquisition targets," Heyward said. 10 stocks we like better than GENIUS BRANDS INTL.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GENIUS BRANDS INTL. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Joe Tenebruso owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool has a disclosure policy.Source