Sweet Suite 2016

Spin Master Completes Cardinal Industries Acquisition

logo_spinmasterSpin Master has completed the previously-announced acquisition of 100% of Cardinal Industries, one of the oldest privately-held game and puzzle companies in the United States. This makes Spin Master the second-largest games company in the U.S.

The purchase price was satisfied by $50 million in cash. Spin Master will also pay up to an additional $19.5 million over five years based on Cardinal’s EBITDA. The acquisition was financed through Spin Master’s existing credit facility.

Imperial Toy Appoints Tim Nolan as President

ImperialLogoImperial Toy has appointed Tim Nolan as president, effective October 1. With Nolan as president, Imperial Toy will intensify their focus on key brands, licenses, and proprietary and value driven products.

Peter Tiger and Art Hirsch are now co-CEO’s of the company.

Chicago Toy & Game Group Announces 9th Annual Young Inventor Challenge

ChicagoThe Chicago Toy & Game Group announced that registration is open for the ninth annual Young Inventor Challenge through November 1. Presented by Spin Master, the challenge invites kids ages 6 to 18 to invent their own original toy or game. Contest entrants will showcase their original toy and game ideas “science fair style” to a panel of play industry experts on Saturday, November 21 from 10 a.m. to 2 p.m. at the Chicago Toy & Game Fair (ChiTAG). [Read more...]

Scholastic Extends Publishing Agreement with Lego Through 2019

Scholastic has extended and expanded its publishing relationship with Lego through 2019, which will now include World all language rights, as well as several new publishing programs, line extensions, and acquisitions. Scholastic U.S. will manage world English rights, and Scholastic UK will manage foreign translation rights. [Read more...]

DEMDACO, OneCoast Form Strategic Partnership

DEMDACODEMDACO has entered into a strategic partnership with OneCoast.

Effective January 1, OneCoast will create a new sales division that will be exclusively dedicated to selling DEMDACO products. This is not an acquisition or merger of the two companies. OneCoast will be representing DEMDACO’s product to independent retailers throughout the gift industry. It will also focus on developing the independent and specialty retail channel for DEMDACO in the US and Caribbean. [Read more...]

Jakks Pacific, CNE Enter Multi-Year Licensing Agreement

Jakks Pacific LogoJakks Pacific has secured a multi-category licensing agreement with Cartoon Network Enterprises for The Powerpuff Girls. Disguise Inc., the Halloween costume division of Jakks Pacific, will produce Halloween costumes and accessories based on the animated series. The agreement also gives Jakks Pacific the rights to manufacture and distribute everyday dress-up and accessories to all channels in North America.

The Powerpuff Girls costumes from Disguise and the dress-up items and accessories from Jakks Pacific are scheduled to be available at retailers nationwide next year.

Spielwarenmesse eG Offers Webinars for Exhibitors

SpielwarenmesseFrom October 21 through November 25, Spielwarenmesse eG will offer five free webinars on the topics of trade fair preparation, implementation, and follow-up. The webinars will offer material for both new exhibitors and those with years of experience.

They will take place during 40-minute modules by Daniel Gundlach, exhibition consultant, with stand construction experts and advisers at Meplan. Marlene Hösch, junior project manager at Spielwarenmesse eG, will assist Gundlach.

To register, visit www.spielwarenmesse.de/en/webinar. Registration is limited. For more information, contact Lisa Winkelmann, +49-(0)911-998 1313l.winkelmann@spielwarenmesse.de.

NRF: More Than 157 Million Americans to Celebrate Halloween

More than 157 million Americans plan to celebrate Halloween this year, according to the National Retail Federation’s Halloween Consumer Spending Survey. The average person celebrating will spend $74.34 as opposed to $77.52 last year. Total spending on the holiday is expected to reach $6.9 billion.

Consumers celebrating Halloween plan to spend an average of $27.33 on costumes for the whole family, and a total of $2.5 billion on store-bought, homemade, large, and small costumes. Those celebrating will spend the most on adult costumes ($1.2 billion), and will spend $950 million on children’s costumes and $350 million on costumes for pets. An estimated 68 million Americans will dress up this Halloween, and another 20 million pet owners will dress up their pet.

Click here to read more of the survey’s statistics.

Jazwares Appointed Master Toy Partner for Dinosaur Train

Dinosaur TrainThe Jim Henson Company has selected Jazwares as the new master toy partner for the animated series Dinosaur Train. Jazwares’ Dinosaur Train toy line will offer an array of figures, play sets, plush, and role-play products. The line will debut at retail next fall in the U.S. and in select international markets, followed by a full international rollout.

The Toy Insider Unwraps 2015 Hottest Holiday Toys

Layout 1The Toy Insider unwrapped its 10th annual holiday gift guide today, including expert picks for the hottest toys and kids’ tech items of the 2015 season. The guide is broken out into three lists: the Hot 20, Top Tech 12, and, new for 2015, STEM 10. With many options for boys and girls of all ages, these 42 items are expected to top kids’ wish lists and be hard to find or sold out by Christmas.

“This year’s hottest toys are not only going to ‘wow’ kids this holiday season, but also keep them engaged in hours of imaginary, mind-stimulating, and creative play well into 2016,” says Laurie Schacht, Toy Insider Mom and publisher of The Toy Insider. “This year, we also created a STEM 10 list in response to requests from parents who are looking for great playthings to reinforce important science, technology, engineering and mathematics skills.”

Click here to see the full guide!