Learning Resources Ltd. has been named the authorized reseller of K’NEX Education products in the PRC. Learning Resources also has the non-exclusive rights to sell popular K’NEX retail sets including the 6 Foot Ferris Wheel, 6 Foot Double Ferris Wheel, Grandfather Clock, and the Son of Serpent Coaster. The agreement between K’NEX and Learning Resources runs through next year.
K’NEX Brands Grants Learning Resources Ltd. K’NEX Education Distribution Rights in China and Hong Kong
The Toy Industry Association (TIA) has opened its annual ballot to determine the next inductees into the Toy Industry Hall of Fame. The voting period will extend to September 13. This year’s candidates were chosen from a slate of 24 highly-qualified nominees submitted for consideration by members of the Hall of Fame (HOF) Committee. All of the nominees left notable marks on the North American toy industry.
Living candidates for induction into the Toy Industry Hall of Fame included:
- Jill Barad, former CEO, Mattel
- Horst Brandstätter, president and sole owner, PLAYMOBIL/geobra Brandstätter GmbH & Co. KG
- Thomas Chan, chairman and CEO, Playmates Toys Inc.
- Joel Glickman, founder, K’NEX Brands
- Bruce Raiffe, president, Gund, division of Enesco, LLC
Candidates for posthumous induction into the Toy Industry Hall of Fame included:
- Jack Friedman, former chairman, CEO, and co-founder, Jakks Pacific
- Harvey Greenfield, chairman of the board, Commonwealth Toy & Novelty Co. Inc.
- Arthur “Spud” Melin and Richard Knerr, co-founders of Wham-O Toy
Responses are due by September 13. Designated points of contact at TIA member companies, former Hall of Fame inductees, and recent TIA Board members are invited to rank their choices in the living and posthumous categories.
The inductees will be honored during the Toy of the Year (TOTY) awards ceremony on February 15 at the Grand Hyatt Hotel, which officially launches Toy Fair Week in New York City.
Nostalgia is a growing trend in the toy and licensing industry, but recently many classic brands have been given a modern reboot. The modernized take on classic brands offer fun for consumers both young and old, spanning generations and providing licensees with multiple new opportunities. Today, some modernized takes on old favorites live along side their predecessors.
Teenage Mutant Ninja Turtles (TMNT), for example, launched in the 1980s. A huge, revolutionary boys’ property, the brand was given a reboot last year when a new TMNT animated series launched in September on Nickelodeon. The brand has seen massive success in the toy industry, with partners including Playmates Toys with a full line of figures and play sets, bubbles and water toys from Little Kids, and awesome electronics from Sakar International, including adorable TMNT earbuds. In addition to producing toys based on the new animated series, Playmates Toys also offers a classic collection including all four turtles, which reflects the look of the characters in the original series. [Read more...]