Sweet Suite 2016

Spin Master Expands Global Presence with Australian Subsidiary

Spin Master Corp. is forming an Australian subsidiary Spin Master Australia (Pty) Ltd. Spin Master Australia will begin trading in 2017 and will assume distribution for the majority of the company’s brands for Australia.

Based on NPD data, Spin Master was the fourth largest toy, games, and entertainment company in North America in 2015 and ranks in the top 10 globally based on Euromonitor data.

Spin Master has distributed product in Australia and New Zealand for over 15 years. Overseeing business operations will be Jacqui Webster, recently appointed as general manager, Australia and New Zealand, reporting into Derek Seidewand, vice president, International Sales. Prior to joining Spin Master, Webster held senior roles with Hasbro, Mattel, Paramount Pictures, and several international consumer packaged goods companies.

Spin Master Australia will be based in Sydney, NSW, and a warehouse location will be finalized in the coming months.

Spin Master Purchases Toca Boca, Sago Mini

Spin Master Corp LogoSpin Master has acquired the Toca Boca and Sago Mini companies from the Bonnier Group of Sweden. The transaction will close on May 2. Toca Boca has released 32 apps in 215 countries since its launch in 2011, and Sago Mini has released 16 apps that have been downloaded more than 13 million times. [Read more...]

Spin Master, Ducati Partner for Meccano Motorcycle

DucatiMonsterSpin Master Corp. has signed a global agreement with Ducati to create and market Meccano building set versions of Ducati motorcycles. The Ducati Monster 1200 S Build and Play features coil-spring suspension, multi-piece wheels, and real steering. It also has details such as a functioning kickstand and a side-mounted staggered shotgun exhaust.

The Ducati Monster 1200 S is now available at major retailers.

The Angry Birds Movie Enters Comprehensive Licensing Program

AngryBirdsThe comprehensive licensing program has been announced The Angry Birds Movie, based on the mobile game that has been downloaded more than 3 billion times since 2009.

Toy licensees include The Lego Group with a line of six construction sets; Spin Master with a line of action figures, vehicles, and play sets; Hasbro for games; Amscan for party goods; and Commonwealth Toy & Novelty for plush in the U.S. [Read more...]

Spin Master Purchases Etch A Sketch and Doodle Sketch

etch-a-sketchSpin Master acquired Etch A Sketch and Doodle Sketch brands from The Ohio Art Company. The purchase includes all brand-related patents, trademarks, tooling, and inventory for the brands. The company plans to bring new innovation and an increase to the distribution in global sales and partnership networks.

The announcement follows on Spin Master’s recent purchase of Editrice Giochi SLR and Cardinal Games last year.

 

CES 2016 Ignites Tech with Innovation

By Reyne Rice, trend hunter and thought leader, CEO ToyTrends

The latest and greatest innovations rocked the tech world at the annual Consumer Electronics Show, held in Las Vegas from Jan. 6-9. Trade guests viewed the latest virtual reality headsets; flew unmanned systems and drones; test-drove the newest automotive vehicles with built-in enhanced entertainment and digital connectivity for kids and families; and marveled at the enhanced 4-D TV and home entertainment systems. Hands-on experiences and product testing dominated the crowded show floor as global exhibitors showcased their newest launch products, services, apps, and devices. [Read more...]

Build-A-Bear Workshop, Spin Master Partner for Craft Activity Line

build a bear logoBuild-A-Bear Workshop Inc. and Spin Master Corp. have partnered to make, market, and distribute a line of craft activity products. Spin Master will also allow children to stuff their furry friends from home to introduce another dimension to the Build-A-Bear Workshop experience. The line will launch in multiple markets next fall with plans to rollout globally in 2017.

The Spin Master agreement comes on the heels of several outbound licensed product deals for Build-A-Bear Workshop signed in North America, including Clever Cookie iced and mini cookies; Chasing Fireflies premium children’s clothing and costumes; a Jakks Pacific Inc. co-branded MiWorld playset assortment, and more.

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.

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...]

University Teams with Schoolchildren on World’s Largest Meccano Build

Prof. Trevor Whittaker from Queen's University walks the bridge this past Saturday.

Prof. Trevor Whittaker from Queen’s University walks the bridge this past Saturday.

With the help of Spin Master Corp., Queens University Belfast’s Civil Engineering Department completed The Big Bridge Build, which spans nearly 100 feet across Belfast’s Clarendon Dock. This past Saturday, officials from Guinness World Records confirmed the bridge is the world’s largest Meccano structure.

[Read more...]