Toys 'R' Us' bankruptcy is one reason for the hiccup to bottom lines of major toy companies, but they're also reporting soft interest in licensed products. Hasbro's revenue rose by 7% to reach $1.8 billion in Q3 2017. The toyco adjusted its projection for Q4 2017, lowering expectations to 4–7% growth over the same period last year. Despite an increase in gaming and franchise … [Read more...] about Toycos Detail Q3 Declines
Hasbro
Experiential & Social Activations
Hasbro and Cityneon bring interactive exhibition Transformers Autobot Alliance to China in December 2017. The launch follows years of R&D—the walk-through exhibit is the first of its kind to showcase the larger-than-life robots, as well as special effects, reflex tests, virtual reality, motion sensing, and other features surrounding the Transformers brand. It will debut in … [Read more...] about Experiential & Social Activations
Who’s News — 10/23/2017
Are you being promoted, changing jobs, retiring, launching a new company, or otherwise changing your employment? Email us and we'll announce the news in our next issue of Who's News. Greg Mooradian is the President of Hasbro film studio Allspark Pictures. Viacom Intl. Media Networks promotes Layla Lewis to SVP Global Acquisitions & Partnerships for Nickelodeon. WME | … [Read more...] about Who’s News — 10/23/2017
New Content Generation & Experiential News
Hasbro opens a new film studio, Allspark Pictures, to be led by Greg Mooradian. Mooradian will begin overseeing the division's film and television production in January. Italian prodco Rainbow acquires a majority stake in entertainment media group Iven. The first collaboration is an untitled young adult TV series based on a graphic novel; the second a theatrical adaptation of … [Read more...] about New Content Generation & Experiential News
M&A & Investments
Discovery Communications will buy Scripps Networks Interactive for $11.9 billion early next year. The deal includes the assumption of $2.7 billion of Scripps’s net debt. Hasbro ends talks to buy out Lions Gate Entertainment, reportedly because of price disagreements. This comes after ultimately failed negotiations to buy out DreamWorks Animation in 2014, which was ultimately … [Read more...] about M&A & Investments
M&A & New Media
Hasbro launches its first-ever subscription service in April with the Gaming Crate, priced at $49.99 per crate, plus shipping. Each box includes three curated games that are new to the Hasbro Gaming portfolio. The crates fall into two themes: Family, which offers games designed to be played together by kids and adults, and Party, which contains games geared towards adult game … [Read more...] about M&A & New Media
Tuning In To Entertainment
Cartoon Network's first album release, Steven Universe Soundtrack: Volume 1, debuted in the top ten on five charts, including No. 1 on top of the Billboard independent albums chart, No. 2 in soundtracks, No. 3 in digital albums, and No. 22 on the Billboard Top 200. The company is looking to announce other Cartoon Network and Adult Swim albums in the upcoming months. "Music … [Read more...] about Tuning In To Entertainment
M&A and Legal
Macy's and (now Sequential Brand Group's) Martha Stewart make up with a renewal of their 10-year partnership. Macy's is the exclusive retailer for the Martha Stewart Collection brand that covers over 1,000 SKUs. The partners were previously embroiled in a 5-year legal dispute after JCPenney made a deal for Martha-branded bed, bath and kitchen products as its exclusive deal with … [Read more...] about M&A and Legal
Who’s News
Open call Looking to hire or be hired? Contact our business development team to feature your listing on TLL. Just want to feature your new hires? Contact editorial. LEGO is getting a new CEO (its first non-Dane!) as Bali Padda takes over from Jorgen Vig Knudstrop, who becomes the company's chairman. As part of the shuffle, Knudstrop will also become chairman of a new entity … [Read more...] about Who’s News
Mergers & Acquisitions
Hot Topic acquires certain assets of the apparel and accessories brand Her Universe from founder Ashley Eckstein and The Araca Group. The pop culture retailer will operate the brand’s ecommerce and wholesale business as a division. Her Universe will continue to be a stand-alone brand that is available at multiple retailers and on HerUniverse.com.Hasbro has boosted its games … [Read more...] about Mergers & Acquisitions