NASDAQ Framework: Hasbro Inc.

Toy and game company with entertainment offerings 1 2 3.

Hasbro Inc., founded in 1923 and headquartered in Pawtucket, Rhode Island, is a leading toy and game company known for its extensive portfolio of iconic brands, including Transformers, Nerf, My Little Pony, Monopoly, Play-Doh, and Magic: The Gathering 4 5. The company operates through several segments: Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment, providing a wide range of entertainment offerings from toys and games to television programming and motion pictures 6. Hasbro's strategic acquisitions, such as the $4 billion purchase of Entertainment One in 2019, have bolstered its multimedia presence and expanded its brand portfolio with popular properties like Peppa Pig and PJ Masks 7 8. The firm continues to innovate and adapt, focusing on digital growth and leveraging its well-known brands to connect with consumers worldwide 9.

4: Hasbro, Inc. (/ˈhæzbroʊ/; a syllabic abbreviation of its original name, Hassenfeld Brothers) is an American multinational toy manufacturing and entertainment holding company founded on December 6, 1923 by Henry, Hillel and Herman Hassenfeld and is incorporated and headquartered in Pawtucket, Rhode Island.[5] Hasbro owns the trademarks and products of Kenner, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. As of August 2020, over 81.5% of its shares were held by large financial institutions.[6] View Source5: Hasbro Profitability on the Upswing as Focus on Core Competencies Starts to Pay Off Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players. Rating Price Target Morningstar• 2 months ago Raising target price and maintaining BUY after 1Q earnings beat Hasbro is a major producer of toys and games, including digital games. Its leading brands include Nerf, My Little Pony, Monopoly, Transformers, Play Doh, Magic, The Gathering, and Transformers. The company is also licensed to manufacture Star Wars, Jurassic Park, and Marvel toys. On December 30, 2019, Hasbro completed its $4.0 billion acquisition of Entertainment One, which develops and distributes entertainment content. The company has approximately 6,500 employees. The shares are a component of the S&P 500. Rating Price Target Argus• 2 months ago U.S. stocks sold off on Thursday morning following economic data that led U.S. stocks sold off on Thursday morning following economic data that led investors to believe that the first interest rate cut will likely be in September. However, stocks recovered some of their losses by market close, while bond yields rose. On the housing front, pending home sales grew 3.4% in March according to the National Association of Realtors, ahead of estimates for sales to remain flat sequentially. The Dow was down 1.0%, the S&P 500 fell 0.5% and the Nasdaq lost 0.6%. Crude oil is trading above $83 per barrel and gold is up $1 to $2343 per ounce. Argus• 2 months ago Hasbro Earnings: Profitability Improves Materially After EOne Divestiture; Shares Remain Attractive Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players. Rating Price Target Morningstar• 2 months ago View Source6: Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. View Source7: On August 22, 2019, Hasbro announced its purchase of Entertainment One for about US$4 billion.[68] The deal was completed on December 30, 2019.[69] View Source8: Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players. View Source9: Hasbro is a leading toy and game company whose mission is to entertain and connect generations of fans through the wonder of storytelling and the exhilaration of play. Hasbro delivers play experiences for fans of all ages around the world through toys, games, licensed consumer products, digital games and services, location-based entertainment, film, TV, and more. With a portfolio of over 1,800 iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH, and PEPPA PIG, as well as premier partner brands, Hasbro brings fans together wherever they are, from tabletop to screen. View Source

NO

Hasbro Inc. is not still led by its founders, nor are the founders heavily involved. The company is currently led by Chris Cocks, who was named CEO on January 5, 2022, following the death of longtime CEO Brian Goldner 10.

10: Hasbro's longtime CEO Brian Goldner died on October 12, 2021, after a 7-year battle with cancer.[79][80] Richard Stoddart served as the interim CEO of the company following Goldner's death; Chris Cocks was named as Goldner's successor on January 5, 2022, and became CEO on February 25, 2022.[81] Cocks was formerly the president and chief operating officer of Wizards of the Coast, a division of Hasbro.[81] View Source

MEDIUM RISK

Hasbro Inc. has shown signs of financial instability, including a reported loss of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year, which resulted in its total net income from 2019 to 2023 plummeting to zero 11. The company is implementing a cost-saving strategy aimed at saving $350 million to $400 million by 2025 and plans to cut costs by $750 million by the end of 2024 12 13. Despite these challenges, Hasbro continues to hold a leading position in the toy industry and has a diversified business model with significant digital and entertainment assets 14 15. The recent sale of Entertainment One for $500 million and ongoing efforts to streamline operations indicate proactive measures to stabilize its financial situation 16.

11: On February 13, 2024, following the completion of its sale of Entertainment One assets, Hasbro reported losses of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year,[95] resulting in its entire total net income from 2019 to 2023 to plummet to $0.[96] The company now plans to cut its costs by $750 million by the end of 2024. View Source12: On December 12, 2023, TechCrunch reported that paperwork Hasbro filed with the SEC contained information announcing layoffs of 1,100 employees (20% of their entire workforce across all divisions) effective immediately. President and COO Eric Nyman left the company. Hasbro's CEO, Chris Cocks, stated that this reduction is part of a broader cost-saving strategy, aimed at saving $350 million to $400 million by 2025, with a renewed focus on high-profit areas like licensing and entertainment, particularly in the Wizards of the Coast division.[92][93] Hasbro also announced to have signed a deal with McFarlane Toys as part the latter's Page Punchers line-up.[94] View Source13: On February 13, 2024, following the completion of its sale of Entertainment One assets, Hasbro reported losses of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year,[95] resulting in its entire total net income from 2019 to 2023 to plummet to $0.[96] The company now plans to cut its costs by $750 million by the end of 2024. View Source14: Hasbro continues to hold a leading position in the nearly $30 billion North American retail toy industry (Circana), developing, manufacturing, and marketing well-known global brands that include Transformers, My Little Pony, and Nerf. The firm operates a relatively differentiated business model, thanks to its digital properties exposure, content creation ability, and key licensing arrangements, abilities can be better monetized with the divestiture of Entertainment One (EOne) entertainment-related assets complete. Production capabilities support Hasbro's multimedia presence, as does Discovery Family, a joint venture that brings Hasbro's brands to television, bolstering the firm's brand blueprint strategy. Hasbro has historically dominated the big-screen, building brand loyalty and generating new streams of revenue from its licensing businesses (like Star Wars and Marvel). We think Hasbro and the toy industry have modest runway for growth ahead through international growth (Asia-Pacific and emerging markets still provide longer-term growth potential through share gains) and acquisitions of strategic players that fit into Hasbro's portfolio (for example, D&D Beyond). View Source15: Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. View Source16: On August 3, 2023, Hasbro announced that Lionsgate would acquire Entertainment One for $500 million, with the transaction closed on December 27, 2023.[91] View Source

YES

Hasbro Inc. is launching new product offerings. Recent initiatives include the launch of a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace 17, the introduction of a Eurogame-style board game called Life in Reterra 18, and a new version of Trivial Pursuit inspired by Wordle 19. Additionally, Hasbro announced a pre-order for a new crowdfunding project, the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus 20.

17: In January 2024, Hasbro launched a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace.[123][124] The line includes a Destroyer Droid that can roll.[125] In the same month, Hasbro announced a pre-order for a new crowdfunding project; the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus.[126][127] View Source18: In February 2024, Hasbro announced a new game, Life in Reterra, a Eurogame-style board game created by Eric M. Lang and Ken Gruhl.[128] View Source19: On February 25, 2005, Hasbro announced that it would be introducing a musical toothbrush to the market. The Tooth Tunes, released in early 2007, transmits music from the jawbone to the ear when the bristles touch the teeth.[120] View Source20: In January 2024, Hasbro launched a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace.[123][124] The line includes a Destroyer Droid that can roll.[125] In the same month, Hasbro announced a pre-order for a new crowdfunding project; the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus.[126][127] View Source

Hasbro Inc. is strategically focusing on digital growth and leveraging its well-known brands to connect with consumers worldwide. From 2024 to 2026, the company plans to expand its product offerings and enhance its digital capabilities. Key initiatives include launching new product lines such as a Eurogame-style board game called Life in Reterra and a Wordle-inspired version of Trivial Pursuit 21 22. Hasbro is also introducing new Star Wars figures and a crowdfunding project for Omega Prime, a Transformer combining Optimus Prime and Ultra Magnus 23. The company aims to streamline operations and cut costs by $750 million by the end of 2024, following significant financial losses in 2023 24. Additionally, Hasbro continues to strengthen its executive leadership team to support these initiatives and drive global growth 25.

21: In February 2024, Hasbro announced a new game, Life in Reterra, a Eurogame-style board game created by Eric M. Lang and Ken Gruhl.[128] View Source22: On February 25, 2005, Hasbro announced that it would be introducing a musical toothbrush to the market. The Tooth Tunes, released in early 2007, transmits music from the jawbone to the ear when the bristles touch the teeth.[120] View Source23: In January 2024, Hasbro launched a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace.[123][124] The line includes a Destroyer Droid that can roll.[125] In the same month, Hasbro announced a pre-order for a new crowdfunding project; the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus.[126][127] View Source24: On February 13, 2024, following the completion of its sale of Entertainment One assets, Hasbro reported losses of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year,[95] resulting in its entire total net income from 2019 to 2023 to plummet to $0.[96] The company now plans to cut its costs by $750 million by the end of 2024. View Source25: On July 18, 2024, Hasbro announced the appointment of two new leadership positions: Holly Barbacovi, former COO of Bungie, as Chief People Officer, and John Hight, previously the Senior Vice President and General Manager of the Warcraft Franchise at Blizzard Entertainment, as President of Wizards of the Coast and Digital Gaming.[97] View Source

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Joe game". PC Gamer. Retrieved October 10, 2021. ^ Vlessing, Etan (April 13, 2022). "Hasbro Buys D&D Beyond for $146.3M in Gaming Expansion". The Hollywood Reporter. Retrieved April 14, 2022. ^ Vanjani, Karishma. "Hasbro Pushes for Digital Growth of Dungeons & Dragons With $146M Acquisition". www.barrons.com. Retrieved April 14, 2022. ^ "Celebrate young adult literature's rise with Teen Read Week 2008". American Library Association. July 31, 2008. Retrieved October 11, 2021. Since launching in 2004, Mirrorstone Books, a subsidiary of Wizards of the Coast, Inc., has offered a wide array of fantasy fiction for children and young adults. ^ "Princess Pictures Buys Irish Animation Studio Boulder Media from Hasbro". November 2022. ^ "| Entertainment One announces agreement to acquire Alliance Films". August 23, 2019. Archived from the original on August 23, 2019. Retrieved June 30, 2020. ^ "Seville International". Sevilleinternational.com. Retrieved June 30, 2020. ^ Jump up to: a b White, Peter (July 11, 2019). "eOne To Acquire British Factual Producer Daisybeck Studios". Retrieved June 30, 2020. ^ Jump up to: a b Mitchell, Robert (April 9, 2018). "Entertainment One Acquires Majority Stake in Whizz Kid Entertainment". Retrieved June 30, 2020. ^ Low, Elaine (September 12, 2019). "Entertainment One Acquires Blackfin, Geno McDermott to Head U.S. Unscripted TV". Retrieved June 30, 2020. ^ Jump up to: a b Andreeva, Nellie (March 24, 2016). "eOne Acquires Majority Stake In Reality Producer Renegade 83 For $23 Million". Retrieved June 30, 2020. ^ Jump up to: a b "| Entertainment One Acquires Round Room Entertainment". Entertainmentone.com. Archived from the original on March 29, 2018. Retrieved June 30, 2020. ^ Low, Elaine (September 12, 2019). "Entertainment One Acquires Blackfin, Geno McDermott to Head U.S. Unscripted TV". Retrieved June 30, 2020. ^ Coopee, Todd. "Light Bulb Baking". ToyTales.ca. ^ "Vintage Lawn Darts Game Hasbro Javelin in Box 4 Darts 2 Target Rings Action Skill Outdoor". etsy.com. Etsy, Inc. Archived from the original on December 13, 2021. Retrieved December 13, 2021. ^ "Hasbro Joins Blizzard Entertainment's Overwatch® in the Fight for the Future as Master Toy Licensee". Hasbro. May 22, 2018. Retrieved August 3, 2018. ^ McWhertor, Michael (January 4, 2024). "Trivial Pursuit has a new Wordle-inspired (and AI-powered) version". Polygon. Retrieved January 4, 2024. ^ Buckleitner, Warren (March 1, 2007). "The Tune in Your Head Could Be Your Toothbrush". The New York Times. Retrieved January 24, 2024. ^ "Not just kid play: Toy companies aim more products at older adults". AP News. November 20, 2023. Retrieved November 21, 2023. ^ "Not just kid play: Toy companies aim more products at older adults". November 20, 2023. Archived from the original on November 21, 2023. Retrieved November 21, 2023. ^ Hartsock, Bug (January 24, 2024). "New Star Wars Figures Blast Into a Galaxy Right, Right Here". The Pop Insider. Retrieved January 24, 2024. ^ Schedeen, Jesse (January 23, 2024). "Star Wars Rebels: Hasbro Reveals New Sabine Wren and Chopper Figures". IGN. Retrieved January 24, 2024. ^ "Hasbro's New Star Wars Toy Reveals Include One Very Rollable Droid". Yahoo Tech. January 23, 2024. Retrieved January 24, 2024. ^ "Optimus Prime Gets an Ultra Update in New Transformers HasLab Project". Gizmodo. January 30, 2024. Retrieved January 31, 2024. ^ "HasLab Reveals Omega Prime Transformer Crowdfunding Project". GameSpot. Retrieved January 31, 2024. ^ "Hasbro is Making a Eurogame". Gaming. Retrieved February 27, 2024. ^ "U.S. Group Accuses Chinese Toy Factories of Labor Abuses" from The New York Times ^ "Hasbro knows all about selling to kids – and nothing much about talking to them". Archived from the original on March 6, 2013. ^ "Teen starts campaign for gender neutral Easy Bake Oven" from Good Morning America ^ "Teen girl petitions Hasbro to market Easy Bake Oven also to boys" from the Los Angeles Times ^ Grinberg, Emanuella (December 6, 2012). "Teen says pink toy ovens discourage boys from kitchen play". CNN. ^ "Hasbro explains why Rey was excluded from Star Wars: Monopoly (update)". Polygon. January 5, 2016. ^ "Star Wars: Hasbro on why the Rey piece is still missing from Monopoly". July 12, 2017. ^ "Complaint" (PDF). PacerMonitor. Archived (PDF) from the original on November 17, 2015. Retrieved November 16, 2015. ^ Stanglin, Doug (August 7, 2020). "Fact check: Troll doll button in 'private' area not intentional or part of kids 'grooming'". USA Today. Gannett Satellite Information Network. ^ "Linda Codega at Gizmodo". January 13, 2023. Retrieved January 13, 2023. ^ "Magic publishers sent Pinkerton agents to a YouTuber's house to retrieve leaked cards". Polygon. April 24, 2023. Retrieved April 26, 2023. ^ "Hasbro to Create the Ultimate Entertainment and Play Experience by Bringing Its Iconic Brands to Life with First-Ever 'HASCON' | Hasbro". Newsroom.hasbro.com. April 7, 2021. Retrieved February 12, 2022. ^ "Hasbro Announces Dates for 2019 HasCon Event" (Press release). Hasbro. October 30, 2017. Archived from the original on March 9, 2019. ^ Black Convoy (December 23, 2018). "Hascon 2019 Has Been Postponed". Transformer World 2005. View Source2: Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. View Source3: Hasbro is a leading toy and game company whose mission is to entertain and connect generations of fans through the wonder of storytelling and exhilaration of play. Hasbro delivers engaging brand experiences for global audiences through toys, consumer products, gaming and entertainment, with a portfolio of iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. View Source4: Hasbro, Inc. (/ˈhæzbroʊ/; a syllabic abbreviation of its original name, Hassenfeld Brothers) is an American multinational toy manufacturing and entertainment holding company founded on December 6, 1923 by Henry, Hillel and Herman Hassenfeld and is incorporated and headquartered in Pawtucket, Rhode Island.[5] Hasbro owns the trademarks and products of Kenner, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. As of August 2020, over 81.5% of its shares were held by large financial institutions.[6] View Source5: Hasbro Profitability on the Upswing as Focus on Core Competencies Starts to Pay Off Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players. Rating Price Target Morningstar• 2 months ago Raising target price and maintaining BUY after 1Q earnings beat Hasbro is a major producer of toys and games, including digital games. Its leading brands include Nerf, My Little Pony, Monopoly, Transformers, Play Doh, Magic, The Gathering, and Transformers. The company is also licensed to manufacture Star Wars, Jurassic Park, and Marvel toys. On December 30, 2019, Hasbro completed its $4.0 billion acquisition of Entertainment One, which develops and distributes entertainment content. The company has approximately 6,500 employees. The shares are a component of the S&P 500. Rating Price Target Argus• 2 months ago U.S. stocks sold off on Thursday morning following economic data that led U.S. stocks sold off on Thursday morning following economic data that led investors to believe that the first interest rate cut will likely be in September. However, stocks recovered some of their losses by market close, while bond yields rose. On the housing front, pending home sales grew 3.4% in March according to the National Association of Realtors, ahead of estimates for sales to remain flat sequentially. The Dow was down 1.0%, the S&P 500 fell 0.5% and the Nasdaq lost 0.6%. Crude oil is trading above $83 per barrel and gold is up $1 to $2343 per ounce. Argus• 2 months ago Hasbro Earnings: Profitability Improves Materially After EOne Divestiture; Shares Remain Attractive Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players. Rating Price Target Morningstar• 2 months ago View Source6: Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. View Source7: On August 22, 2019, Hasbro announced its purchase of Entertainment One for about US$4 billion.[68] The deal was completed on December 30, 2019.[69] View Source8: Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players. View Source9: Hasbro is a leading toy and game company whose mission is to entertain and connect generations of fans through the wonder of storytelling and the exhilaration of play. Hasbro delivers play experiences for fans of all ages around the world through toys, games, licensed consumer products, digital games and services, location-based entertainment, film, TV, and more. With a portfolio of over 1,800 iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH, and PEPPA PIG, as well as premier partner brands, Hasbro brings fans together wherever they are, from tabletop to screen. View Source10: Hasbro's longtime CEO Brian Goldner died on October 12, 2021, after a 7-year battle with cancer.[79][80] Richard Stoddart served as the interim CEO of the company following Goldner's death; Chris Cocks was named as Goldner's successor on January 5, 2022, and became CEO on February 25, 2022.[81] Cocks was formerly the president and chief operating officer of Wizards of the Coast, a division of Hasbro.[81] View Source11: On February 13, 2024, following the completion of its sale of Entertainment One assets, Hasbro reported losses of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year,[95] resulting in its entire total net income from 2019 to 2023 to plummet to $0.[96] The company now plans to cut its costs by $750 million by the end of 2024. View Source12: On December 12, 2023, TechCrunch reported that paperwork Hasbro filed with the SEC contained information announcing layoffs of 1,100 employees (20% of their entire workforce across all divisions) effective immediately. President and COO Eric Nyman left the company. Hasbro's CEO, Chris Cocks, stated that this reduction is part of a broader cost-saving strategy, aimed at saving $350 million to $400 million by 2025, with a renewed focus on high-profit areas like licensing and entertainment, particularly in the Wizards of the Coast division.[92][93] Hasbro also announced to have signed a deal with McFarlane Toys as part the latter's Page Punchers line-up.[94] View Source13: On February 13, 2024, following the completion of its sale of Entertainment One assets, Hasbro reported losses of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year,[95] resulting in its entire total net income from 2019 to 2023 to plummet to $0.[96] The company now plans to cut its costs by $750 million by the end of 2024. View Source14: Hasbro continues to hold a leading position in the nearly $30 billion North American retail toy industry (Circana), developing, manufacturing, and marketing well-known global brands that include Transformers, My Little Pony, and Nerf. The firm operates a relatively differentiated business model, thanks to its digital properties exposure, content creation ability, and key licensing arrangements, abilities can be better monetized with the divestiture of Entertainment One (EOne) entertainment-related assets complete. Production capabilities support Hasbro's multimedia presence, as does Discovery Family, a joint venture that brings Hasbro's brands to television, bolstering the firm's brand blueprint strategy. Hasbro has historically dominated the big-screen, building brand loyalty and generating new streams of revenue from its licensing businesses (like Star Wars and Marvel). We think Hasbro and the toy industry have modest runway for growth ahead through international growth (Asia-Pacific and emerging markets still provide longer-term growth potential through share gains) and acquisitions of strategic players that fit into Hasbro's portfolio (for example, D&D Beyond). View Source15: Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. View Source16: On August 3, 2023, Hasbro announced that Lionsgate would acquire Entertainment One for $500 million, with the transaction closed on December 27, 2023.[91] View Source17: In January 2024, Hasbro launched a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace.[123][124] The line includes a Destroyer Droid that can roll.[125] In the same month, Hasbro announced a pre-order for a new crowdfunding project; the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus.[126][127] View Source18: In February 2024, Hasbro announced a new game, Life in Reterra, a Eurogame-style board game created by Eric M. Lang and Ken Gruhl.[128] View Source19: On February 25, 2005, Hasbro announced that it would be introducing a musical toothbrush to the market. The Tooth Tunes, released in early 2007, transmits music from the jawbone to the ear when the bristles touch the teeth.[120] View Source20: In January 2024, Hasbro launched a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace.[123][124] The line includes a Destroyer Droid that can roll.[125] In the same month, Hasbro announced a pre-order for a new crowdfunding project; the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus.[126][127] View Source21: In February 2024, Hasbro announced a new game, Life in Reterra, a Eurogame-style board game created by Eric M. Lang and Ken Gruhl.[128] View Source22: On February 25, 2005, Hasbro announced that it would be introducing a musical toothbrush to the market. The Tooth Tunes, released in early 2007, transmits music from the jawbone to the ear when the bristles touch the teeth.[120] View Source23: In January 2024, Hasbro launched a new line of Star Wars figures to join The Black Series and The Vintage Collection for the 25th anniversary of The Phantom Menace.[123][124] The line includes a Destroyer Droid that can roll.[125] In the same month, Hasbro announced a pre-order for a new crowdfunding project; the creation of Omega Prime, a Transformer that is a combination of Optimus Prime and Ultra Magnus.[126][127] View Source24: On February 13, 2024, following the completion of its sale of Entertainment One assets, Hasbro reported losses of $1 billion for the fourth quarter of 2023 and $1.49 billion for the full year,[95] resulting in its entire total net income from 2019 to 2023 to plummet to $0.[96] The company now plans to cut its costs by $750 million by the end of 2024. View Source25: On July 18, 2024, Hasbro announced the appointment of two new leadership positions: Holly Barbacovi, former COO of Bungie, as Chief People Officer, and John Hight, previously the Senior Vice President and General Manager of the Warcraft Franchise at Blizzard Entertainment, as President of Wizards of the Coast and Digital Gaming.[97] View Source