By Gary Symons TLL Editor in Chief It's going to be a bleak holiday season at Hasbro, as the toy giant announced layoffs for 1,100 workers, and closed its office in Providence, RI. Hasbro says it is taking necessary steps stem losses and prepare for a recovery by making a second major workforce reduction. The layoffs now being announced follows a previous round of cuts … [Read more...] about Not So Merry Xmas As Hasbro Announces Massive Layoff
Chris Cocks
Hasbro Sells eOne Division to Lionsgate for $500 Million
Hasbro Also Reports "Solid Second Quarter" By Gary Symons TLL Editor in Chief Toy giant Hasbro has agreed to sell its eOne film and TV division to Canadian film studio Lionsgate for $500 million. The deal includes $375 million in cash, subject to certain price adjustments, as well as Lionsgate assuming all of eOne's production financing loans. The transaction has … [Read more...] about Hasbro Sells eOne Division to Lionsgate for $500 Million
Who’s News: Throop To Step Down as CEO of Hasbro’s eOne Division
By Gary Symons TLL Editor in Chief Hasbro has reported another senior management shakeup, saying Darren Throop will step down as president and CEO of its eOne division. Throop is the founder of what was then the Canadian studio Entertainment One, and guided the company during its growth and eventual acquisition by Hasbro. The company says Throop will continue in his current … [Read more...] about Who’s News: Throop To Step Down as CEO of Hasbro’s eOne Division