Jakks Pacific Closes $19.3 Million Sale of Common Stock to Joint Venture Partner Hong Kong Meisheng Culture Co. Ltd.

Jakks Pacific Resized LogoJakks Pacific today closed the sale of 3,660,891 shares of the company’s common stock to Hong Kong Meisheng Culture Co. Ltd. for a total purchase price of $19.3 million; and that Xiaoqiang Zhao, executive director of Hong Kong Meisheng Culture Co. Ltd. and chairman of the board of its parent company Meisheng Cultural & Creative Corp. Ltd., joins Jakk’s board of directors.

Meisheng announced in Marchthat it acquired 1,578,647 shares of the company’s common stock in open market transactions. In addition to the joint venture companies established by Meisheng and Jakks, Meisheng Cultural & Creative Corp. Ltd. has  been a key manufacturer for the company.

Schleich Celebrates #TakeYourKidstoWorkDay

Schleich is celebrating take your Take Your Kids to Work Day with an adorable video showing what happens when kids come in and take over the toy company for the day. From wearing oversized safety vests to hand painting figurines, the Schleich office was full of excitement and smiling kids showing the grown-ups how it’s done.

Morgan Spurlock to Host 7th Annual Designer Toy Awards

DesignerToyAwardsClutter Magazine will bring The 7th Annual Designer Toy Awards (DTAs), fueled by Lagunitas Brewing Company, to Webster Hall on Friday, May 19. The DTAs will kick off the inaugural Five Points Festival, a toy and comic art convention curated by Clutter, on May 20 and 21. Morgan Spurlock, an Academy Award-nominated writer, director, producer and toy collector is hosting this year’s awards. [Read more...]

Nintendo, McDonald’s Partner for Happy Meal Toys

NintendoHappyMealNintendo is partnering with McDonald’s to bring some of its iconic characters to Happy Meals. Running through May 22, anyone who purchases a Happy Meal at participating McDonald’s restaurants across the U.S. will receive one of eight toys based on Super Mario characters. These classic characters are also featured in the upcoming Mario Kart 8 Deluxe game for Nintendo’s newest system, Nintendo Switch. [Read more...]

NPD Reports March 2017 Video Game Sales

npd-group copyTotal industry spending for video game hardware, software, and accessories from Feb. 26 to Apr. 1, 2017 grew 24 percent to $1.36 billion compared to last year, according to analysis from The NPD Group. [Read more...]

Mattel Reports Q1 Financial Results

Mattel LogoMattel Inc. reported first quarter 2017 financial results, showing a worldwide net sales and gross sales were down 15 percent versus Q1 2016.

There were lower sales in North America and Europe, partially offset by strong performance in Asia Pacific (net sales and gross sales up 17 percent as reported), and continued momentum in Latin America (net sales down 1 percent and gross sales up 4 percent as reported). [Read more...]

MarcoPolo Learning Secures $8.5 Million in Series A

marcoMarcoPolo Learning raised $8.5 million in Series A funding, with proceeds to be used for expanding the company’s suite of early childhood apps and producing and distributing original animated series in partnership with Boat Rocker Media.

The financing round was led by Boat Rocker Ventures, the studio behind Orphan Black and The Next Step. Other investors include Horizons Ventures from Asia, Seedcamp in Europe, and managing partners of DST Global, as well as from industries such as Diapers.com and Maker Studios.

MGA Entertainment Unwraps New Global Licensing Program for L.O.L. Surprise! Doll Line

mgae_lolsurpriseMGA Entertainment Inc. (MGAE) will unwrap details for the new global licensing program for the L.O.L. Surprise! doll line at this year’s Licensing Expo. The line of licensed toys is slated to hit retail next year. [Read more...]

Genius Brands Enters Broadcast License Deal for Rainbow Rangers

genius_rainbowrangersGenius Brands International Inc. licensed exclusive broadcast rights for season one of Rainbow Rangers to Nickelodeon in the U.S. and the Caribbean. Currently in development, the mission-based action adventure series is expected to air on Nickelodeon’s preschool channel, Nick Jr. The deal follows the recent announcement of Fisher-Price as global master toy partner for the brand. [Read more...]

Mattel, Lappset to Open Mattel Play! Theme Park in the Netherlands

Lappsett-GroupMattel Inc. will open Mattel Play!, an interactive, indoor family entertainment center, in Sevenum, Netherlands set to open this fall. The theme park will feature play zones based on several Mattel characters including Thomas & Friends, Fireman Sam, Angelina Balerina and Bob the Builder. [Read more...]