Search Results for: magic: the gathering

Funko and Wizards of the Coast Joining Forces for Magic: The Gathering Figures

Funko has entered a new licensing agreement with Wizards of the Coast Inc., a subsidiary of Hasbro Inc., to produce Magic: The Gathering Planeswalkers figures for Funko’s Pop! Vinyl and Legacy Collection action figures lines. The first series of vinyl figures is set for release in April, and will feature 3.75-inch versions of Planeswalkers characters Jace Beleren, Garruk Wildspeaker, Chandra Nalaar, Liliana Vess, Ajani Goldmane, and Nissa Revane. The Planeswalkers will also be among the first Legacy Collection figures released; each one features more than 20 points of articulation as well as removable accessories. Sculptors at Gentle Giant are collaborating with Funko on the new Legacy Collection, which is set for release in August and suitable for ages 14 and...

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Hasbro Beats Expectations in Q3 as Demand for Toys and Games Grows

Hasbro beat expectations in the third quarter of 2020 with earnings that topped estimates as sales for toys and games boomed globally. Net revenues in the U.S. grew 9% to $977.1 million versus $898.3 million in the same period last year. Net revenues declined 4% to $1.78 billion versus $1.86 billion last year due to the production disruption caused by the COVID-19 pandemic for the combined Hasbro and Entertainment One (eOne), paired with slow retail reopenings in Latin America, which pulled down the international segment. Net earnings hit $220.9 million, or $1.61 per diluted share, versus net earnings of...

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Hasbro Looks Forward to Holiday Rebound After 29% Revenue Drop in Q2

Hasbro Inc. reported a 29% drop in revenue for the second quarter of 2020, reflecting the challenges of operating amid the COVID-19 pandemic. The Rhode Island-based toy and entertainment company took expected hits across its business, including Entertainment One (eOne), for a combined 19% decline for the first six months of the year despite the overall U.S. toy industry seeing a 16% sales increase during the same period. Hasbro Gaming spiked 11% in Q2 as families stayed and home and played together, and the company expects a strong holiday season ahead. “The global Hasbro team is executing our playbook...

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Hasbro Takes First-Quarter Hit Despite U.S. Growth as COVID-19 Impact Begins

Earnings season for the toy industry kicked off this morning with first-quarter numbers from Rhode Island-based Hasbro Inc. The company reports that net revenues for the quarter declined to $1.1 billion versus $1.2 billion during the same period last year. The numbers reflect a hit from the completion of its acquisition of Entertainment One (eOne) and the first financial impact related to the spread of the COVID-19 pandemic. While global revenues fell, Hasbro saw a 20% increase in the U.S. and Canada as demand for gaming and filmed entertainment grew with families staying home together. “The first quarter highlights...

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Hasbro, Cartamundi Partner to Produce Face Shields for COVID-19 Response

Hasbro‘s global response to the COVID-19 pandemic continues to grow as the Rhode Island-based toy and entertainment company uses its resources to support families and healthcare providers. Following the launch of its Bring Home the Fun campaign last month and its philanthropic support of Save the Children and No Kid Hungry, Hasbro and its partner factory, Cartamundi, have retooled to produce 50,000 face shields each week. The personal protective equipment (PPE) continues to be one of the most-needed supplies in the fight against COVID-19. This week, Congressman Richard Neal (pictured top) paid a visit to the facility in East Longmeadow,...

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A Year of Contrasts: The NPD Group Reflects on the State of the Toy Industry

by Juli Lennett, vice president and industry advisor, toys, The NPD Group According to The NPD Group’s Retail Tracking Service, U.S. retail sales of toys generated $20.9 billion last year compared to $21.8 billion in 2018, a decline of 4%. Industry performance last year was one of contrast. Sales in the first half of the year declined 9% due to comparisons to the Toys “R” Us liquidation sales, which grew the first half of 2018 by 7%. This was followed by 3% growth in the third quarter (July–September), which was expected as we came off declines in 2018 caused...

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Disney+, Partner Brands Drive Hasbro to Q4, Full-Year Increases

Following a surprise bump in the road during Q3, Hasbro beat the holiday slump with a 3% revenue increase in Q4 driven largely by the successful launch of Disney+ and its corresponding partner brands. The Rhode Island-based toy and entertainment company reported its Q4 and full-year earnings this morning, coming out ahead for the year with a 3% revenue increase overall. Q4 revenue was $1.43 billion compared to $1.39 billion in 2018. Full-year revenue rose to $4.72 billion versus $4.58 billion in 2018. Notably, Hasbro’s partner brands, including Star Wars, Frozen 2, Marvel, and Beyblade, did big business, pulling in $409 million in Q4...

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