This past week, Disney Consumer Products and Interactive Media (DCPI), along with Hasbro Inc., announced the pre-sale of Playmation Marvel’s Avengers at select Canadian retailers. A new system of toys and wearables, Playmation Marvel’s Avengers utilizes smart technology to inspire kids to run around and use their imaginations, as they become the heroes or heroines of stories from Marvel’s Avengers.
Today, Spin Master Corp. announced that in connection with its recently completed initial public offering (IPO) of 12,225,000 subordinate voting shares at a price of C$18.00 per share, the over-allotment option granted to the underwriters to purchase up to an additional 1,833,750 subordinate voting shares was exercised in full, generating additional gross proceeds to Spin Master of C$33,007,500.
Today, Spin Master Corp. entered into an underwriting agreement for its initial public offering of 12,225,000 subordinate voting shares at a price of C$18.00 per subordinate voting share for aggregate gross proceeds of C$220,050,000. Spin Master filed a supplemented post-receipt pricing prospectus dated July 22, 2015, in respect of the offering with the securities regulatory authorities in each of the provinces of Canada.
According to new research from Netflix released just in time for Father’s Day, 85 percent of dads around the world have already or plan to introduce their kids to the cartoons they grew up watching. For 75 percent of those polled, it lets them feel like a kid again, while for 76 percent, it helps them teach life lessons. The research finds dads take seriously the role of keeping the pop culture references from their childhood alive: Roughly two-thirds of them, or 66 percent, are turning to internet TV services such as Netflix for this new family tradition.
Coming off an Australian tour that boasted 145 sell-out shows, the children’s entertainment group, The Wiggles, will return to the U.S. this fall for their Rock & Roll Preschool tour. The Wiggles will be touring in support of their brand new CD and DVD, Rock & Roll Preschool, as well as a new season of their TV series, which airs on Hulu in the U.S. and on Treehouse in Canada.
The Canadian Toy Association (CTA) invites all members to submit candidates for seats on the CTA Board of Directors. In accordance with the affiliate agreement between CTA and the U.S. Toy Industry Association (TIA), TIA members with operations in Canada are also eligible to submit candidates for consideration.
Target Canada Co. will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores to the public on April 12. In addition, Target Canada’s three distribution centers and Mississauga headquarters have been closed.
Liquidator-led fixture sales will continue in some locations. The company has been winding down its operations since January 15, when it obtained an Initial Order for protection from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act.
The Canadian Toy Association (CTA), an affiliate partner of the Toy Industry Association (TIA), recently asked its members to share the unique perks of partnering with a Canadian distributor. A survey of U.S. TIA members found that Canada is their No. 1 target market for toy, game, and youth entertainment product distribution.
The top four advantages, compiled by CTA, are as follows:
Target Corporation will discontinue operating stores in Canada through its indirect wholly owned subsidiary, Target Canada Co. As a part of that process, this morning Target Canada filed an application for protection under the Companies’ Creditors Arrangement Act with the Ontario Superior Court of Justice in Toronto. [Read more...]