Fisher-Price partnered with BabyFirst to produce short parenting tip videos that will premiere on the BabyFirst broadcast network and on both brand’s digital and social channels beginning on March 20. [Read more...]
Gund delivered a donation of more than one thousand cans of pet food to St. Hubert’s Animal Welfare Center today. Gund pledged one pet food can to St. Hubert’s for every business card collected during this year’s North American International Toy Fair.
Founded in 1939, St. Hubert’s Animal Welfare Center is a nonprofit organization dedicated to the humane treatment of animals. St. Hubert’s has two locations in Madison and North Branch, New Jersey.
Spin Master Corp. announced financial results for the year ended Dec. 31, 2016. Highlights include an increased revenue of $338.4 million, up 30.9 percent from $258.4 million in Q4 2015. Excluding revenue from Swimways Corp., which was acquired in Q3 2016, Q4 revenue grew 26.1 percent.
In Constant Currency terms, revenue increased by 33.9 percent relative to Q4 2015. Gross Product Sales increased 30.9 percent to $376.2 million, compared to $287.5 million in Q4 2015, driven by sales of Paw Patrol and Hatchimals, which more than offset declines in Meccano, Kinetic Sand, and Air Hogs Star Wars products. Excluding Swimways, Gross Product Sales grew 26.3 percent.
Other Revenue, which primarily reflects merchandising royalty and television distribution income from products marketed by third parties using Spin Master’s owned intellectual property, as well as app revenue from Toca Boca and Sago Mini (acquired in Q2 2016), increased 53.8 percent to $12.3 million from US$8.0 million in Q4 2015.
Gross profit in Q4 2016 increased 30.7 percent to $172.0 million, representing 50.8 percent of revenue, compared with $131.6 million, or 50.9 percent of revenue in the comparable period last year, reflecting higher sales volume
Adjusted Net Income was $9.3 million, or $0.09 per share, compared to $6.7 million, or $0.07 per share, in Q4 2015. Adjusted EBITDA was $22.9 million in Q4 2016 compared with US$13.6 million in Q4 2015.
Jakks Pacific Inc. entered into an agreement with Hong Kong Meisheng Culture Co. Ltd. to sell 3,660,891 million shares of the company’s common stock to Meisheng for a total purchase price of $19.3 million. The transaction is subject to approval by the shareholders of Meisheng’s parent company and regulatory filings in China by Meisheng. [Read more...]
The Ethisphere Institute named Hasbro Inc. as a 2017 World’s Most Ethical company. This marks Hasbro’s sixth consecutive year of being recognized, and is one of three companies to be named from the consumer products sector.
This year is the 11th year that Ethisphere has honored those companies who recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers, and other key stakeholders, and use their values and culture as an underpinning to the decisions they make every day. [Read more...]
Mattel Inc. will gift UCLA Health $50 million to fund an expansion of the UCLA Mattel Children’s Hospital and help establish a pediatric center and research hub focused on improving children’s health. A committed partner for more than 20 years, Mattel has provided more than $80 million to UCLA in support of the university and health care system. [Read more...]
Nolan was most recently president of Imperial Toy LLC. Prior to being president of Imperial Toy, Nolan provided strategic and creative direction to Imperial as its leader of the sales and marketing teams. Before joining Imperial Toy, Nolan held several buying and analytical roles in the corporate merchandising divisions of Target Corp. and Walgreens.
Toy manufacturers will need a fresh strategy as the toy industry gears up for the upcoming holiday season, according to the NPD Group.
From January through November 2016, U.S toy sales grew a healthy 5.5 percent, positioning December for potentially high single-digit growth. But, December toy sales were less than expected, growing only 3 percent and actually bringing annual 2016 growth down to about 5 percent. [Read more...]
Roblox announced the closing of a $92 million investment, which will be put toward enhancing the platform’s infrastructure and recruiting talent. The new funding follows the company’s rebranding and an online to offline expansion with a first-ever user-generated toy line from Jazwares.
The Roblox and Jazwares toy line will feature popular user-generated characters. The line is available at Toys “R” Us, additional retailers, and online at www.roblox.com and www.jazwares.com. The deal marks the beginning of an offline strategy that will bring Roblox to retail.