BRIAN PARISI
CFO
Kartoon Studios
During his first year at Kartoon Studios, a top Animation Studio located in Beverly Hills, Brian Parisi has made a profound impact on the company’s success through his exceptional leadership in finance and accounting. Hired to manage all financial aspects, including cash management, forecasting / budgeting, SEC reporting, corporate controllership and M&A activity, Parisi wasted no time in implementing a meticulously planned 30-60-90-day strategy upon assuming his role. Parisi prioritized active listening and thorough observation to gain a comprehensive understanding of the company’s financial landscape and operational dynamics. Subsequently, he transitioned to action, formulating a comprehensive proposal for the executive team and the Board of Directors. Central to this proposal was a recommendation to instill strict adherence to cost control and drive efficiencies throughout the organization.
Through targeted staff reductions, renegotiation of contracts with vendors/partners, and meticulous reviews of annual budgets and forecasts, Parisi spearheaded efforts that resulted in immediate annual savings exceeding $3.5 million. As part of the implementation of the cost savings initiative, Parisi undertook a comprehensive restructuring of the Finance & Accounting organization, streamlining processes and reducing overhead costs by 33%, amounting to annual savings of $600,000. Parisi’s strategic vision extended beyond internal restructuring. He successfully orchestrated a $7 million Registered Direct offering, securing vital capital for Kartoon Studios within his first year. For his next act, he is working with his vendors and partners, both internally and externally, to incorporate AI into all aspects of the business.
