Author: Kelly Corbett

Hasbro Launches a Month-long Facebook CheatBot To Eliminate Monopoly Cheaters

Hasbro Inc. launched a Monopoly Cheatbot, an adaptation of Facebook Messenger, created to help eliminate cheating within the game. According to a recent study of approximately 2,000 people, nearly 50 percent of respondents reported cheating during Monopoly gameplay, including stealing money from the bank, moving a token across multiple spaces, making up fake rules, and more. The new Monopoly Cheatbot, available January 16 through February 16, will help settle game disputes, and crack down on rule breaking with the help of Mr. Monopoly himself, who will dole out personalized consequences in real time, such as going directly to Monopoly...

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MGA Entertainment Granted Preliminary Injunction Against Counterfeiters Sued for Making Fake L.O.L. Surprise! Toys

MGA Entertainment, Inc. (MGAE) was granted a preliminary injunction against 79 counterfeiters that are being sued for making fake L.O.L. Surprise! toys.  The preliminary injunction continues without change to a previously granted temporary restraining order that enjoined all defendants from selling L.O.L. Surprise! counterfeit products on any digital marketplace, and further froze their bank accounts. The digital marketplaces, including Alibaba and Aliexpress, have cooperated with MGAE in suspending the accounts of the companies. In addition, the financial institutions that the defendants used for counterfeit sales, including PayPal and Alipay, have cooperated in freezing the financial accounts of the defendants...

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2017 Holiday Retail Sales Increased 5.5 Percent, Exceeding NRF Forecast

Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment, and higher confidence led consumers to spend more than had been expected, the National Retail Federation said today. The number, which excludes restaurants, automobile dealers, and gasoline stations, includes $138.4 billion in online and other non-store sales, which were up 11.5 percent over the year before. The results exceeded NRF’s original forecast of between $678.75 billion and $682 billion, which would have been an increase of between 3.6 and 4 percent, and marked the largest increase...

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Toy Designers and Inventors Have Opportunity to Pitch Products to Target at Toy Fair

Target launched a new Open Innovation Project that will create a path for cutting-edge toy inventors and designers to get in front of Target decision makers during the 115th North American International Toy Fair, according to the Toy Association. The program will allow a select number of creative professionals to present their ideas in face-to-face meetings with Target executives on Saturday, February 17 at the Jacob K. Javits Convention Center in New York City. Inventors and designers may apply by filling out the online invention submission form by Wednesday, January 17. If selected to pitch to Target, they will be notified by Feb. 1....

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The Toy Association Nominating Committee Announces 2018-2019 Nominees

The Toy Association’s Board of Directors Nominating Committee  announced nominees to serve on the Association’s Board of Directors for two-year terms beginning in February. The Committee advanced seven board members concluding its first term of service for election to a second term. The second term nominees are: Kathleen Campisano, vice president, GMM Specialty, Barnes & Noble; Jennifer Caveza, senior vice president of toys, Nickelodeon; Charlie Emby, co-president, Just Play LLC; Barbara Finigan, executive vice president and chief legal counsel, Hasbro; Skip Kodak, senior vice president, Americas, LEGO Systems Inc.; Geoffrey Walker, executive vice president and chief strategic technology officer, Mattel; and...

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