4Kids Entertainment Reports 2009 Third Quarter Results

Recent Company Highlights:

• Received $9.8 million from the sale of the Teenage Mutant Ninja Turtles property by Mirage Studios to Nickelodeon in October 2009
• Licensing agreement with NFL Properties and NFL Players to produce a football collectible trading card game with a digital card online component, to coincide with the 2010 NFL season
• Chaotic video game shipping on November 17, 2009 throughout North America and will be available for all major gaming consoles, including PlayStation 3, Nintendo Wii, and Microsoft Xbox

Net revenues for the three months ended September 30, 2009 totaled $7.3 million, compared to $17.8 million for the same period in 2008. The Company’s net loss attributable to 4Kids Entertainment for the three months ended September 30, 2009 was $(5.0) million, or $(0.37) per diluted share, as compared to a net loss of $(5.3) million, or $(0.40) per diluted share, for the same period in 2008. The Company’s results reflect the adoption of authoritative guidance from the FASB requiring losses attributable to non-controlling interests of the Company to be excluded in their entirety from the computation of the Company’s net losses beginning in 2009.

For the nine months ended September 30, 2009, net revenues totaled $21.9 million, compared to $49.4 million for the same period in 2008. The Company’s net loss attributable to 4Kids Entertainment for the nine months ended September 30, 2009 was $(20.8) million, or $(1.56) per diluted share, as compared to a net loss of $(17.2) million, or $(1.31) per diluted share, for the same period in 2008.

“Business conditions remained challenging for the company during the third quarter as reflected in our results. However, we closed on two deals over the last six weeks which we believe are big positives for 4Kids. The sale of the Teenage Mutant Ninja Turtles property to Nickelodeon not only compensated 4Kids for the early termination of its representation agreement but also provided the Company with a substantial infusion of cash. Our NFL trading card game license also provides the Company with an opportunity to use our online platform for a new trading card game," stated Alfred R. Kahn, Chairman and Chief Executive Officer, 4Kids Entertainment.

"We are encouraged by the increase in our television ratings thus far for the 2009-2010 broadcast season, compared with the same period during the 2008-2009 broadcast season. We are hopeful that sales of toys and games and licensed merchandise in the coming holiday season will be stronger than last year’s sales numbers and that the Company’s fourth quarter licensing revenue will likewise benefit," concluded Kahn.

About 4Kids Entertainment, Inc.

With U.S. headquarters in New York City, regional offices for its trading card business in San Diego, California and international offices in London, 4Kids Entertainment, Inc. (NYSE: KDE) is a global organization devoted to the creation, development, production, broadcasting, distribution, licensing and manufacturing of children’s entertainment products.

Through its subsidiaries, 4Kids produces animated television series and films, distributes 4Kids’ produced or licensed animated television series for the domestic and international television and home video markets, licenses merchandising rights worldwide to 4Kids’ owned or represented properties, operates Websites to support 4Kids’ owned or represented properties, and produces and markets collectible trading card games. Additionally, the Company programs and sells the national advertising time in “TheCW4Kids” five-hour Saturday morning block on The CW television network.

Additional information is available on the www.4KidsEntertainment.com corporate Website and at the www.4Kids.tv game station site.

The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company's properties and other factors could cause actual results to differ materially from the Company's expectations.

Investors:
KCSA Strategic Communications
Todd Fromer / Garth Russell
212-896-1215 / 212-896-1250
tfromer@kcsa.com / grussell@kcsa.com
or
Media:
4Kids Entertainment
Barry Stagg, 646-822-4257
bstagg@4kidsent.com