4Kids Entertainment Announces Record Third Quarter and Nine Month Results; Third Quarter Revenues Rise 47%; EPS Up 52%.

Business Editors

NEW YORK--(BUSINESS WIRE)--November 14, 2000

4Kids Entertainment, Inc. (NYSE: KDE), today announced record results for the third quarter ended September 30, 2000.

For the third quarter ended September 30, 2000, net revenues rose 47 percent to $24,740,549, compared with $16,833,357 reported for the third quarter ended September 30, 1999. Net income for the quarter was $10,722,620, or $0.82 per diluted share, a 57 percent increase over net income of $6,830,139, or $0.54 per diluted share for the 1999 third quarter. The diluted weighted average common shares outstanding for the third quarter ended September 30, 2000 were 13,119,506, compared with 12,684,357 for the same quarter of 1999.

The Company's net revenues for the nine months ended September 30, 2000 increased 169 percent to $68,838,345, compared with net revenues of $25,592,252 reported for the nine months ended September 30, 1999. Net income for the nine months ended September 30, 2000 totaled $30,230,210, or $2.31 per diluted share, a 218 percent increase over net income of $9,502,906, or $0.78 per diluted share for the same period last year. The diluted weighted average common shares outstanding for the nine months ended September 30, 2000 were 13,092,925, compared with 12,119,254 for the prior year's comparable period.

Commenting on the record third quarter performance, Al Kahn, Chief Executive Officer of 4Kids Entertainment, said, "I am pleased to announce another successful quarter where we exceeded our expectations.

"While we continue to realize strong steady revenue from Pokemon(TM), we are at the same time developing new properties for presentation to the trade. For the Fall 2000 season to date, the Pokemon(TM) television show ranks in the US as the number one kids series of all regularly scheduled kids programs on either network or cable. Revenues from Pokemon The Movie 2000 have not yet been reflected in our financial results. We expect to see 4Kids share of domestic box office receipts reflected at least in part, in the fourth quarter. The Pokemon The Movie 2000 home video is slated for release to the domestic market in November 2000, and the international theatrical release is scheduled for December 2000.

"In Europe, Pokemon(TM) continues to be one of the most popular children's TV shows in all major markets. Record Nintendo video game sales are driving merchandising sales in many product categories. Pokemon(TM) was recently voted the prestigious "Character of the Year" award by the European Licensing Industry."

Mr. Kahn continued, "I am also pleased to announce that Monster Truck racing season starts in January 2001 and we are very excited to be debuting new trucks, which we have developed with SFX Motor Sports. Those trucks will be turned into Mattel Hot Wheels(TM) toys ready for market in fall 2001.

Joe Garrity, Chief Financial Officer of 4Kids Entertainment added, "The Company noted that Pokemon(TM), continues to be a dominant global property. Together with Nintendo, and the creators of Pokemon(TM), we have helped to build one of the strongest children's properties. Worldwide 4Kids has over 500 licensee relationships which enable us to deliver for property owners like Nintendo, a valuable sales stream of diversified licensed products."

About 4Kids:

Headquartered in New York City, 4Kids Entertainment, Inc., (NYSE: KDE) is a vertically-integrated entertainment company whose wholly-owned subsidiaries include: Leisure Concepts, Inc., a leader in domestic and international merchandise licensing and product development; 4Kids Productions, a television, film, music and home video production company;

Summit Media, a domestic and international television distribution, media buying and planning company; Websites4Kids and Technology4Kids. For further information visit the Company's Web site @ www.4KidsEntertainmentInc.com.

Nintendo originally launched Pokemon(TM) in Japan for the world's best-selling Game Boy video game system and watched the original 150 creatures evolve into a cultural phenomenon. The franchise arrived in North America in September 1998 with the release of the Pokemon Blue and Red Game Boy games and has grown into a multi-billion dollar industry worldwide. Poke-mania continues in 2000 with the introduction of dozens of new characters, the Pokemon Gold and Silver Game Boy games, new animated TV episodes, a summer movie sequel distributed by Warner Bros., Pokemon The Movie 2000, and much more. Nintendo of America Inc. and its licensing agency, Leisure Concepts, Inc., division of 4Kids Entertainment (NYSE: KDE), have licensed the franchise to more than 500 companies whose products entertain millions of fans all over the U.S. and Europe.

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This press release contains forward-looking statements. Due to the fact that the Company faces competition from toy companies, motion picture studios and other licensing companies, and the uncertainty of public response to the Company's properties, actual results or outcomes may differ materially from any such forward looking statements.

This release and prior releases are available on the Company's Worldwide Web site at www.4KidsEntertainmentInc.com.

                       4Kids Entertainment, Inc.
                     Summary Financial Information
              For the Third Quarter and Nine Months Ended
                      September 30, 2000 and 1999
                              (Unaudited)

                 For the Three Months Ended  For the Nine Months Ended
                 --------------------------  -------------------------
                 September 30, September 30, September 30, September 30,
                      2000         1999         2000           1999


NET REVENUES     $ 24,740,549  $ 16,833,357 $ 68,838,345   $ 25,592,252
EXPENSES         $  7,943,188  $  5,146,772 $ 20,944,714   $  9,536,277
NET INCOME       $ 10,722,620  $  6,830,139 $ 30,230,210   $  9,502,906
PER SHARE AMOUNTS
   Basic earnings per
    share               $0.90         $0.61        $2.54          $0.91
   Diluted earnings per
    share               $0.82         $0.54        $2.31          $0.78
Weighted average common
 shares
  outstanding
   - basic         11,979,760    11,148,828   11,905,125     10,421,094
Weighted average common
 shares
  outstanding
   - diluted       13,119,506    12,684,357   13,092,925     12,119,254