SANTA MONICA, CA – June 30, 2006 – Genius Products, Inc. (OTCBB: GNPI) announced today that its definitive proxy statement regarding the company’s pending strategic transaction with The Weinstein Company (“TWC”) and related matters has been filed with the Securities and Exchange Commission. Genius Products will begin mailing the definitive proxy statement today to all stockholders of record as of the close of business on June 21, 2006, and has re-scheduled its Special Meeting of Stockholders to consider and vote upon the transaction which was previously postponed. The Special Meeting will be held on July 21, 2006 at 9:00 a.m., Pacific Time, at Genius’s corporate headquarters located at 2230 Broadway, Santa Monica, CA 90404. The mailing will include a proxy card for the purpose of voting with respect to the matters discussed in the definitive proxy statement. The company expects to close the transaction with TWC promptly following approval of the transaction at the re-scheduled meeting, subject to satisfaction of applicable closing conditions.

Last year, on December 5, 2005, a definitive Master Contribution Agreement, as subsequently amended, was announced between Genius Products, Inc. and TWC to create a new operating company that will initially be owned 30% by Genius and 70% by certain affiliates of TWC. The new operating company, which will have the exclusive U.S. home video distribution rights for virtually all TWC’s filmed entertainment and direct-to-video product, will operate the ongoing Genius Products, Inc. businesses. Also filed yesterday with the SEC, June 29th, on form 8-K was an amendment to the Master Contribution Agreement extending the “drop dead” date for closing from June 30, 2006 to July 21, 2006. Until closing, Genius Products will continue to distribute certain films of TWC under an interim distribution agreement.

Stockholders are encouraged to read the Company’s definitive proxy materials in their entirety as they provide, among other things, a detailed discussion of the process that led to the proposed transaction and the reasons behind the Genius Board of Directors’ unanimous recommendation that stockholders vote FOR each of the proposals and sub-proposals listed in the notice of the special stockholders’ meeting included in the definitive proxy statement.

About Genius Products, Inc.

Genius Products, Inc. (OTCBB: GNPI) produces and distributes an expanding library of home entertainment products, including DVDs and CDs. Sold in retail outlets nationwide under such well-known brands as Wellspring, Sundance Channel Home Entertainment™, NBC News, and Baby Genius®, the company’s products are distributed through the Genius Products Branded Distribution Network, an extensive distribution network that extends throughout the U.S. to mass, drugstore, supermarket and specialty retailers.

Additional Important Information Will Be Filed With The SEC

Genius Products has filed with the Securities and Exchange Commission and plans to mail to its stockholders proxy soliciting materials in connection with the transaction. Investors are urged to read the proxy soliciting materials and any other relevant documents when they become available because they will contain important information. Investors will be able to obtain free copies of the proxy materials and other documents filed with the SEC by Genius Products through the Web site maintained by the SEC at www.sec.gov. In addition, investors will be able to obtain copies of the proxy materials free of charge from Genius Products by contacting its proxy solicitor: The Altman Group, 1200 Wall Street West, Third Floor, Lyndhurst, NJ, 07071 or 800-820-2416.

The directors, executive officers and certain other members of management of Genius Products may be deemed to be soliciting proxies in favor of the proposed transaction from Genius Products’ shareholders. For information about these directors, executive officers and members of management, please refer to Genius Products’ Annual Report on Form 10-K for the fiscal year ended December 31, 2005 and its other filings with the SEC, which are available at the website of the SEC (www.sec.gov) and from Genius Products at the address provided in the preceding paragraph.

Safe Harbor Statement

Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements. The forward-looking statements reflect assumptions and involve risks and uncertainties that may affect Genius Products’ business, forecasts, projections and prospects, and cause actual results to differ materially from those in these forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to the outcome and timing of the Special Meeting of Stockholders and the closing of the transaction with The Weinstein Company, and any other statements that are not historical statements of fact. Actual results could vary for many reasons, including but not limited to, Genius Products’ ability to satisfy the closing conditions to the transaction and otherwise complete the transaction, the outcome of the stockholder meeting to approve the transaction, and related matters. Other risks and uncertainties include the matters described in Genius Products’ filings with the Securities and Exchange Commission. Genius Products assumes no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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