Document:

SETTLEMENT AGREEMENT
                              --------------------
                             (INVESTMENT AGREEMENT)
                             ----------------------

         SETTLEMENT AGREEMENT between Genius Products, Inc., a Nevada
corporation ("GPI") and American Public Media Group (formerly known as Minnesota
Communications Group), a Minnesota non-profit organization ("APMG") dated as of
December 21, 2000.

         WHEREAS, the parties entered into an Investment Agreement dated as of
March 31, 1999 (the "INVESTMENT AGREEMENT"); and

         WHEREAS, the parties desire to terminate the agreement and release each
other from all known and unknown actual and potential claims that exist or may
exist arising out of or in connection with the Investment Agreement; and

         WHEREAS, APMG is willing to cancel certain options under the Investment
Agreement to acquire additional shares in GPI;

         NOW THEREFORE, in consideration of the mututal covenants provided
herein, and for other good and valuable consideration the sufficiency of which
is hereby acknowledged, the parties hereby agree as follows:

         1.       DEFINED TERMS: Capitalized terms shall have the meaining set
                  forth in the Investment Agreement unless otherwise defined.

         2.       CANCELLATION OF OPTION: In consideration of the issuance by
                  GPI to APMG of 25,000 restricted shares of GPI common stock,
                  APMG hereby agrees to cancel, relinquish and forfeit with
                  prejudice all rights to acquire any shares in GPI pursuant to
                  the Investment Agreement, including without limitation, the
                  option to acquire 400,000 Subject Shares under Section 2.4 of
                  the Investment Agreement and 500,000 Subject Shares under
                  Section 2.6 of the Investment Agreement.

         3.       RELEASE AND DISCHARGE: The parties for themselves and on
                  behalf of their respective subsidiaries and affiliates, and
                  each of their respective successors, assigns, agents,
                  representatives, shareholders, directors, officers, and
                  employees, and any other person or entity who may claim
                  through them, hereby release and forever discharge each other
                  and their respective subsidiaries and affiliates, and each of
                  their respective successors, assigns, agents, representatives,
                  shareholders, directors, officers, and employees, from any and
                  all actions, claims, demands and suits of whatever nature
                  arising out of or connected directly or indirectly with the
                  rights, duties and obligations of the parties under the
                  Investment Agreement.

                  The release and discharge set forth in this Section 3 extends
                  to and includes all damages, injuries, losses, claims and
                  rights now existing as well as any that may develop in the
                  future, whether known or unknown, as related to the
                  obligations and duties of the parties under the Investment
                  Agreement. Each party expressly waives and relinquishes any
                  and all rights and benefits conferred upon it by the
                  provisions of Section 1542 of the California Civil Code, which
                  provides as follows:

                           "A general release does not extend to claims which
                           the creditor does not know or suspect to exist in his
                           favor at the time of executing the release, which if
                           known by him must have materially affected his
                           settlement with the debtor."

                  The parties acknowledge that the waiver of Section 1542 of the
                  California Civil Code was separately bargained for, and they
                  agree that the this Agreement shall be given full force and
                  effect in accordance with the terms and provisions related to
                  unknown and unsuspected claims and damages as well as those
                  provisions related to known claims, demands, and causes of
                  action.

<PAGE>

         4.       NO ADMISSION OF LIABILITY. The parties agree and acknowledge
                  that the terms and conditions of this Agreement constitute an
                  accord and satisfaction of contested matters and neither the
                  offer nor the acceptance of the terms and conditions hereto
                  represent an admission of liability, responsibility or
                  wrongdoing on the part of either party, and each party hereby
                  expressly disclaims any such liability, responsibility or
                  wrongdoing.

         5.       GOVERNING LAW: This Agreement shall be construed in accordance
                  with and governed by the internal laws of the State of
                  California.

         6.       ENTIRE AGREEMENT. This Agreement embodies the entire agreement
                  and understanding among the parties with respect to the
                  subject matter hereof, and supercedes all prior agreements,
                  understandings and representations between the parties related
                  to the subject matter hereof.

         IN WITNESS WHEREOF, the parties have executed this Settlement Agreement
by their duly authorized officers as of the dated first above written.

         GENIUS PRODUCTS, INC.

         /S/ Dorian Lowell
         ----------------------
         Dorian Lowell
         President

         AMERICAN PUBLIC MEDIA GROUP

         /S/ Thomas J. Kigin
         ----------------------
         Thomas J. Kigin
         Executive Vice President

                                       2SETTLEMENT AGREEMENT
                              --------------------
                            (SHAREHOLDERS AGREEMENT)
                            ------------------------

         SETTLEMENT AGREEMENT by and among Klaus Moeller, Michael Meader and
Gerald Edick (the "SHAREHOLDERS"), and American Public Media Group (formerly
known as Minnesota Communications Group), a Minnesota non-profit organization
("APMG") dated as of December 21, 2000.

         WHEREAS, the parties entered into a Shareholders Agreement dated as of
March 31, 1999 (the "SHAREHOLDERS AGREEMENT") in connection the acquisition by
APMG of shares in Genius Products, Inc. ("GPI"); and

         WHEREAS, the parties desire to cancel certain provisions of the
Shareholders Agreement, and for APMG to release the Shareholders with respect to
certain provisions under the Shareholders Agreement, from any known and unknown
actual and potential claims that exist or may exist arising out of or in
connection with the Shareholders Agreement; and

         NOW THEREFORE, in consideration of the mutual covenants provided
herein, and for other good and valuable consideration the sufficiency of which
is hereby acknowledged, the parties hereby agree as follows:

         1.       DEFINED TERMS: Capitalized terms shall have the meaning set
                  forth in the Shareholders Agreement unless otherwise defined.

         2.       CANCELLATION OF SECTION 1: APMG hereby agrees that the duties
                  and obligations of the Shareholders under Section 1 of the
                  Shareholders Agreement are hereby cancelled, and the Proxy
                  granted thereunder is hereby cancelled and deemed null and
                  void with immediate effect, and without the need for further
                  action on the part of any Shareholder, and APMG shall take
                  such action as may be reasonably necessary for the purpose of
                  giving effect to the cancellation of the Proxy.

         3.       CONTINUATION OF SECTIONS 2, 3 AND 4. Sections 2, 3 and 4 of
                  the Shareholders Agreement shall continue in full force and
                  effect. The parties acknowledge the right of the Shareholders
                  to sell shares owned by the shareholders in an open market
                  transaction pursuant to Paragraph 4(b)(ii) of the Shareholders
                  Agreement. of the Shareholders Agreement.

         4.       RELEASE AND DISCHARGE: APMG hereby releases and forever
                  discharges each Shareholder and GPI and its respective
                  subsidiaries and affiliates, and each of their respective
                  heirs, executors, administrators, successors, assigns, agents,
                  representatives, shareholders, directors, officers, and
                  employees, from any and all actions, claims, demands and suits
                  of whatever nature arising out of or connected directly or
                  indirectly with the rights, duties and obligations of the
                  Shareholders under Section 1 of the Shareholder Agreement (the
                  claims released being the "RELEASED Claims").

                  The release and discharge set forth in this Section 4 extends
                  to and includes all damages, injuries, losses, claims and
                  rights now existing as well as any that may develop in the
                  future, whether known or unknown, as related to the Released
                  Claims. With respect to the Released Claims, APMG expressly
                  waives and relinquishes any and all rights and benefits
                  conferred upon it by the provisions of Section 1542 of the
                  California Civil Code, which provides as follows:

                           "A general release does not extend to claims which
                           the creditor does not know or suspect to exist in his
                           favor at the time of executing the release, which if
                           known by him must have materially affected his
                           settlement with the debtor."

<PAGE>

                  The parties acknowledge that the waiver of Section 1542 of the
                  California Civil Code was separately bargained for, and they
                  agree that the this Agreement shall be given full force and
                  effect in accordance with the terms and provisions related to
                  unknown and unsuspected claims and damages as well as those
                  provisions related to known claims, demands, and causes of
                  action.

         5.       NO ADMISSION OF LIABILITY. With respect to the Released
                  Claims, the parties agree and acknowledge that the terms and
                  conditions of this Agreement constitute an accord and
                  satisfaction of contested matters and neither the offer nor
                  the acceptance of the terms and conditions hereto represent an
                  admission of liability, responsibility or wrongdoing on the
                  part of either party, and each party hereby expressly
                  disclaims any such liability, responsibility or wrongdoing.

         6.       GOVERNING LAW: This Agreement shall be construed in accordance
                  with and governed by the internal laws of the State of
                  California.

         7.       ENTIRE AGREEMENT. This Agreement embodies the entire agreement
                  and understanding among the parties with respect to the
                  subject matter hereof, and supercedes all prior agreements,
                  understandings and representations between the parties related
                  to the subject matter hereof.

         IN WITNESS WHEREOF, the parties have executed this Settlement Agreement
by their duly authorized officers as of the dated first above written.

         /S/  Klaus Moeller
         ----------------------
         KLAUS MOELLER

         /S/ Michael Meader
         ----------------------
         MICHAEL MEADER

         /S/ Gerald Edick
         ----------------------
         GERALD EDICK

         AMERICAN PUBLIC MEDIA GROUP

         /S/ Thomas J. Kigin
         ----------------------
         Thomas J. Kigin
         Executive Vice President

                                       2

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