Tag: Business News
The LEGO Group’s Revenue Up 21% and Operating Profit Up 22% in H1 2026
The LEGO Group has revealed their results for the first half of 2026 with an increase of revenue up 21% to a record DKK 41.9 billion, with consumer sales up 22% driven by strong demand across their full product range.
Hasbro Levels Up Q2 2026 with Strength from Star Wars: The Mandalorian and Grogu
Hasbro has announced its financial results for Q2 2026 with its 16% growth predominantly coming from Magic: The Gathering, although an increase in the Consumer Products segment was partially attributed to products from Star Wars: The Mandalorian and Grogu.
Disney Reportedly Keen on Buying Fortnite Developer Epic Games
According to tech reporter Alex Heath, via The Town podcast, Disney executives are reportedly keen on buying Fortnite developer Epic Games, waiting for the right moment to make a bid for the company.
The LEGO Group Delivers Record Results in 2025
The LEGO Group has revealed their full results for 2025 with consumer sales up 16% and net profit exceeding expectations up to 21% to DKK 16.7 billion, with the most popular themes being LEGO City, LEGO Technic, LEGO Star Wars, LEGO Icons and LEGO Botanicals.
Hasbro Unveils Strong Financial Results for 2025 But Stat Wars Sales Decline
Hasbro has announced its full results for the 4th quarter and full year 2025, with increased revenue by 14% predominantly driven by +45% growth in the Wizards of the Coast and Digital Gaming segment, but sales for Furby, Star Wars and Transformers were down.
Disney’s Incoming and Outgoing CEO’s, Josh D’Amaro and Bob Iger, Visit Disneyland
Disney's incoming and outgoing CEO's, Josh D'Amaro and Bob Iger, headed to the happiest place on earth yesterday for a walk around Disneyland, including Star Wars: Galaxy's Edge, to talk to cast and guests.
Disney’s Incoming CEO Josh D’Amaro and Bob Iger | Exclusive ABC News Interview
David Muir of ABC News sits down with Josh D'Amaro and Bob Iger for an exclusive interview to discuss Disney's future – including streaming, embracing AI, and the company's legacy.
Josh D’Amaro Named Next Chief Executive Officer of The Walt Disney Company
Effective March 18th, Disney Experiences Chairman Josh D’Amaro will become the Chief Executive Officer of The Walt Disney Company, with Dana Walden, Co-Chairman of Disney Entertainment, named President and Chief Creative Officer.
Disney+ Streaming Subscribers Rose by 3.8 Million in Last Quarter
Good news for The Walt Disney Company as subscribers to the Disney+ streaming service rose by 3.8million to 131.6 million in Q4, ending September 2025, although spending on the service will decrease by 1 billion over the next year.
Funko Reports Third Quarter 2025 Financial Results
Funko have reported their financial results for Q3 2025, with net sales down to $250.9 million compared with $292.8 million in the same quarter in 2024 and a reported loss of just under a million.
Hasbro Posts Better-Than-Expected Third Quarter 2025 Results
Hasbro has posted better-than-expected third quarter 2025 results, ending September 30th, with revenue for the period climbing 8% over 2024, reaching $1.39 billion, exceeding analysts' predictions.
Hasbro to Relocate HQ from Rhode Island to Boston’s Seaport District
Hasbro has announced a that it will be relocating its Rhode Island HQ to Boston's Seaport District, allowing the company to accelerate innovation, attract top talent, and drive long-term growth, with ~700 full-time employees due to move to Boston by the end of 2026.
The LEGO Group Achieves Double-Digit Growth in H1 2025
The LEGO Group have posted their results for the first half of 2025 and they continue to outperform the toy market, with revenue growing 12% to a record DKK 34.6 billion, consumer sales up 13%, and operating profit growing by 10% to DKK 9.0 billion.
Funko Hit by Tariffs and Other Woes, Leading to $40.5 Million Loss in Last Quarter
For the quarter ending June 30th, Funko reported a $40.5 million loss and a 22% drop in sales, compared with the same period a year ago, as the company grapples with a rapidly changing economy and the addition of tariffs.
The LEGO Group Posts Strong Profits and Record Sales in the UK
The LEGO Group has reported record sales in the UK for the seventh consecutive year with sales exceeding £500m for the first time, and is set to move to a new London headquarters at 76 Southbank in 2027.
Disney and Miral Announce New Seventh Theme Park Planned for Abu Dhabi
The Walt Disney Company and Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, announced an agreement to create a landmark Disney theme park resort in Abu Dhabi, United Arab Emirates.
Hasbro Signs Multi-Year Extension with Disney Consumer Products for Star Wars and Marvel
Hasbro has announced a new multi-year extension with Disney Consumer Products to continue creating innovative toys and games for premier brands including Star Wars and Marvel, although we do not know how long this new agreement runs for.
The LEGO Group Delivers Record Results in 2024
The LEGO Group have posted their results for 2024 with Star Wars continuing to be one the best selling themes; revenue grew by 13% compared with 2023 and consumer sales were up by 12%, outpacing the toy market, with net profit growing by 5% to DKK 13.8 billion.
Hasbro Unveils New Strategic Plan, ‘Playing to Win’
Hasbro have unveiled a new strategic plan, ‘Playing to Win’, taking the company through 2027, with a mission to create joy and community through the magic of play; but what does that mean for Star Wars.
Disney CEO Bob Iger Sees Total Pay Jump to $41.1 Million
As disclosed in the company’s annual proxy report earlier this week, Disney CEO Bob Iger has seen his total pay rise to an incredible $41.1 million in fiscal 2024, up 30% from $31.6 million in the previous year.
Disney Continue Search for New CEO to Succeed Bob Iger
The Wall Street Journal is reporting that the board of the Walt Disney Company is considering outsiders to succeed Bob Iger, including Andrew Wilson, the CEO of gaming company Electronic Arts.
The LEGO Group Breaks Ground on New Innovation Campus for Product Designers
The LEGO Group has broken ground on a new Innovation Campus for product designers at Kløvermarken 31 in Billund, Denmark, being built with creativity and sustainability at its core and continuing the company’s investment in its global workplaces.
Hasbro Reports Third Quarter 2024 Financial Results with Star Wars Called Out for Softer Sales
Hasbro, Inc. have reported their financial results for Q3 2024, with overall revenue down by 15%, and partner brands including Marvel and Star Wars down by 17% from $228.2 to $190.1 million year on year.
Hasbro Considering Move Away from Rhode Island to Best Serve Employees
According to the Boston Business Journal which cites "several real estate sources", Hasbro may be looking to move away from their current HQ in Pawtucket, Rhode Island, and has recently toured multiple Boston office buildings.
Ubisoft Share Price Falls to 10 Year Low Following Star Wars Outlaws Launch
The release of Star Wars Outlaws from Ubisoft has been well received by many, but despite that, their share price has fallen to a ten year low just days after the game was made available to players around the world.
The LEGO Group Delivers Double-Digit Top and Bottom-Line Growth in H1 2024
The LEGO Group have released their earnings for the first half of 2024, outperforming the rest of the toy market with revenue growing by 13% and consumer sales up 14%, and LEGO Star Wars was called out as one of the company's top selling themes.
Hasbro Reports Second Quarter 2024 Financial Results – Partner Brands Down 28% Year on Year
Hasbro, Inc. have reported their financial results for the Q2 2024, with overall revenue down by 18%, mostly attributed to the sale of eOne, and partner brands, which includes Marvel and Star Wars, was down by 28% year on year, from $172.9 to $124.6 million.
Disney Boss Reaffirms Commitment to UK Production Sector
Jan Koeppen, Disney’s EMEA president, has reaffirmed the company’s “long and deep connection” with the UK production sector during a talk at Deloitte’s Media & Telecoms 2024 and Beyond Conference that took place in London earlier this week.
Disney Entertainment and Warner Bros. Discovery Announce Disney+, Hulu, Max Bundle
As the streaming wars hot up, Disney Entertainment and Warner Bros. Discovery have announced a new streaming bundle that includes Disney+, Hulu and Max, available this Summer in the USA.
Funko Appoints Cynthia Williams as New Chief Executive Officer
Funko's Board of Directors has appointed Cynthia Williams as its Chief Executive Officer, effective May 20, 2024, and she is also expected to join the Funko Board of Directors on that date.
Disney’s Entertainment Streaming Segment Makes Profit But Share Price Tumbles
The Walt Disney Company's entertainment streaming segment, including Disney+, has had its first profitable quarter for the first three months of 2024, but stock tumbled by 10%, its deepest one-day drop in over a year.
Hasbro Reports First Quarter 2024 Financial Results
Hasbro have reported their first quarter financial results for 2024, with an operating profit of $116.2 million, however drilling down, the partner brands segment is down by 34% year-on-year with no mention of Marvel or Star Wars.
Mattel Reports First Quarter 2024 Financial Results
Mattel has reported its first quarter results for 2024, with net sales down 1% versus 2023’s first quarter, and reported operating loss was $36m, an improvement of $80m.
Disney CEO Bob Iger Delivers Message of ‘Renewed Strength’
The Walt Disney Company has secured enough votes to defeat a challenge against its board with CEO Bob Iger thanking shareholders for their “trust and confidence” at the annual meeting of shareholders, held earlier today.
George Lucas Backs Bob Iger in Walt Disney Company Proxy Fight
George Lucas has backed Walt Disney Company CEO Bob Iger in the media company's bitter proxy battle with activist investor Nelson Peltz and hedge fund Blackwells Capital.