Toy and game companies are seeing sales declines, as parents opt to spend on making memories for their children rather than on new products for them. Toys and entertainment giant Mattel, for instance, reported in its first-quarter 2024 financial results Tuesday (April 23) that net...
The year is 2034, Taylor Swift hasn’t had work in years, and all our favorite songwriters are just algorithms. This is the future that Universal Music Group (UMG) and Roland Corporation are ostensibly trying to prevent. The music giant and the electronic musical instrument company shared Wednesday (March 20)...
In a bid to navigate through tough times, Hasbro is sharpening its focus on cutting costs to revive its toy and game business. Despite a challenging year that saw a 15% drop in revenue to $5 billion, the company is determined to save money to...
Hasbro may be seeing digital growth via its gaming business, but as consumers buy fewer nice-to-have products, the toys and games company continues to struggle. The Rhode Island-based company shared in its fourth quarter and full year 2023 financial results that it saw a 10%...
December 16, 2017
It all started with an empty box under the Christmas tree back in 1977. More precisely, it started with several hundred thousand empty boxes under several hundred thousand Christmas trees. They were the year’s must-have gift and the dawn of a whole new merchandising era, riding on the runaway success of George Lucas’s first Star […]
February 27, 2024
In a bid to navigate through tough times, Hasbro is sharpening its focus on cutting costs to revive its toy and game business. Despite a challenging year that saw a 15% drop in revenue to $5 billion, the company is determined to save money to reinvest in its core offerings, The Wall Street Journal reported […]
December 11, 2023
Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job cuts will be made over...
August 03, 2023
Hasbro is selling its film and TV business to re-center on toys and games. The company reached a definitive agreement to sell the film and TV business, eOne, to Lionsgate...
July 30, 2023
Would you play an AI-powered version of Dungeons & Dragons? That tabletop game’s publisher, Hasbro, is apparently getting deeper into artificial intelligence (AI) thanks to a partnership with Xplored, creator of...
