The Walt Disney Company Reports Second Quarter Earnings

TheWaltDisneyCompanyLogoOn Monday, the Walt Disney Company reported earnings of $2.1 billion for its second fiscal quarter ended March 28. Diluted earnings per share (EPS) increased 14 percent to $1.23 from $1.08 in the prior-year quarter, and excluding certain items affecting comparability, EPS for the quarter increased 11 percent to $1.23 from $1.11 in the prior-year quarter.

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Jakks Pacific Reports First Quarter Results

jakks_logoJakks Pacific Inc. reported results for the company’s first quarter ended March 31. Net sales increased 38 percent to $114.2 million, compared to $82.5 million reported in the comparable period last year. The reported net loss for the first quarter was $7.6 million, or $0.40 per diluted share, compared to a net loss of $16.3 million, or $0.74 per diluted share, in the comparable period last year.

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Q&A with Jay Foreman, President and CEO, The Bridge Direct

resized,TheBridge.JayForemanThe Toy Book (TTB): Which licenses do you anticipate will be key drivers in 2015?

Jay Foreman (JF): I think everyone would agree on Marvel’s The Avengers, Frozen, Cinderella, Minions, and Star Wars, along with Teenage Mutant Ninja Turtles; however, there are a few nontraditional brands emerging from toy companies, like Shopkins, that should be considered.
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Disney Announces Sequel to Mega-Hit Frozen

FrozenFever1Earlier today, the Walt Disney Co. announced plans to make a sequel to 2013’s Disney Frozen at the company’s annual shareholders meeting in San Francisco.

Since its release in November 2013, Disney Frozen has made nearly $1.3 billion globally at the box office and won the Academy Award for best animated feature. The largest grossing animated film ever, Frozen also inspired a robust line of consumer products, and was the No. 1 best-selling toy brand among girls in 2014, according to the NPD Group.

Etch A Sketch Turns 55

Edited.OhioArtEtch A Sketch, which turns 55 this year, was first introduced in the U.S. by The Ohio Art Company as a mechanical drawing toy. Since debuting at the American International Toy Fair in New York City in 1960 (It became the No. 1 selling toy for Christmas of 1960), it has sold more than 175 million units. [Read more...]

COMMENTARY: Disney Frozen Poised to Dominate Again, or, We Welcome Our New Toy Overlords from Arendelle

FrozenFever2It’s the age of Frozen, and not just because of this freezing weather we’ve been having.

If you work in the toy industry, you’re probably familiar with Disney Frozen as a powerhouse license. According to data from The NPD Group, it was the top gainer among all toy properties last year, generating $531 million in toy sales across more than 39 categories. This is well and good for the toy companies fortunate enough to have partnered up with Team Elsa. On the flip side, if recent events are any indication, not having the license for Disney Frozen has the potential to be hazardous. [Read more...]

Frozen Merchandise Helps Disney to Huge First Quarter

As reported by the Associated Press, The Walt Disney Co.‘s earnings rose 19 percent during the last three months of 2014, boosted by sales of Disney Frozen merchandise, as well as strong results from theme parks and networks such as Disney Channel. Sales of Frozen toys and other merchandise drove a 22 percent jump in consumer products sales to $1.4 billion.

In interviews with analysts and press, CEO Bob Iger pointed out that Frozen isn’t Disney’s only blockbuster franchise. The company has 11 franchises with more than $1 billion each in annual retail sales.

For the last three months of 2014, Disney earned $2.24 billion, while revenue rose 9 percent to $13.39 billion.

Disguise Renews Multi-Year Agreement for Top Disney Property Costumes

Disguiselogo copyDisguise Inc., the Halloween costume division of Jakks Pacific Inc., has renewed its agreement with Disney Consumer Products to create, manufacture, and distribute Halloween costumes and accessories based on top Disney properties. Disguise will continue to build on its Disney costume portfolio with new additions including Big Hero 6, Frozen Fever, Descendants, and Disney Junior’s Miles from Tomorrowland. Costumes for Frozen, Doc McStuffins, Mickey Mouse Clubhouse, Monsters, Inc., and more will expand this year.

Disguise’s costumes are available in sizes ranging from infant to adult.

COMMENTARY: Hey, Toy Industry! It’s Not Too Late for New Year’s Resolutions

NewYearsconfettiAh, the start of a new year. Typically, it’s the time in which we take stock of what we have, consider how we can make our lives even better, and then “resolve” to carry out those plans. It’s with this in mind that I’ve put together a list of New Year’s resolutions–not for myself, mind you; I’ve already composed that list, which is why this commentary is up at deadline, instead of several hours past. No, I’m talking about resolutions that I’d like the toy industry to consider taking on. Because as absolutely perfect as a thing is, there’s nothing like a detached observer’s unsolicited advice to make it even more perfect, am I right? [Read more...]

Funko Premieres More Anna, Elsa, and Olaf in Pop! Disney: Frozen Series 2 and Mystery Minis Line

Funko has a brand new series of Frozen Pop!, including Young Elsa and Anna, as well as Coronation Elsa and Anna. In addition, Summer Olaf joins the Olaf collection.

There will also be a set of collectible Mystery Minis featuring Anna, Elsa, Olaf, Kristoff, Sven, Marshmallow, and the Troll. Both new lines of toys are scheduled for release in February.