
In case you missed it,
SpongeBob Squarepants rang the Closing Bell at the NYSE
today, in honor of the tenth anniversary of Nickel
odeon's animated television show SpongeBob Squarepants. SpongeBob is a sponge that lives in a pineapple under the sea along with his bestfriend Patrick Star, a starfish that lives under a rock in the sea. Despite that, or maybe because of it, SpongeBob Squarepants has been the number one animated show for kids ages 2-11 for more than seven consecutive years. And actually can be quite entertaining eve
n for kids outside of that
age range. In fact,
some
think that
the show's cross-g
enerational appe
al is the secr
et to its success. Indeed
, while Spongebob'
s creator
never thought th
at a show about a spo
nge would survive past the fi
rst season, the show
reportedly gen
erates nearly $8 billion a year in merchandising
revenue, and its 700 license p
artners worldwide ma
ke it the most widely distributed franchise in MTV
Networks history. Quite a big success f
or a sponge. So happy anniversary SpongeBob--some enter
taining and upbeat news fo
r the market.
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