Tag: Business News
The LEGO Group Outpaced the Toy Market in 2023
The LEGO Group have revealed their full results for 2023 showing a 2 percent increase on revenue to DKK 65.9 billion despite a declining toy market, with consumer sales up 4 percent and an increase in global market share.
The Mandalorian & Grogu Movie Lands Huge Tax Credits from Golden State of California
The Mandalorian & Grogu movie will shoot entirely in California, and the Golden State is paying out its weight in tax incentives to have the bounty hunter film made within state lines.
Hasbro Reports Q4 and Full Year 2023 Results
Hasbro has reported financial results for Q4 and full year 2023, with revenue down 15% for the full year, and declines in the Consumer Products segment and Entertainment segment, down -31%.
Hasbro Laying Off 1,100 Employees and Leaving Providence, Rhode Island Office
Sad news for some at Hasbro this holiday season as CEO Chris Cocks has announced they are laying off 1,100 employees, following 800 staff cuts earlier this year, due to a tough business climate that’s been slow to recover.
Funko Says Director, Ex-CEO Brian Mariotti Resigns from Company
Funko said Friday that Brian Mariotti, who served on the board and had previously stepped down as the company's chief executive officer, has resigned effective September 1st, 2023.
The LEGO Group Outpaces Toy Industry in H1 2023 While Accelerating Long-Term Growth Initiatives
The LEGO Group today released its first half earnings for 2023 outperforming the rest of the toy industry, with a 3% growth in consumer sales and revenue of DKK 27.4 billion yielding a 1% growth versus an exceptional H1 2022.
The Walt Disney Company Q3 2023 Earnings Call Shows 4% Growth
The Walt Disney Company last night reported earnings for its third fiscal quarter posting revenues of $22.3 billion, a 4% growth from the previous year, although subscribers for Disney+ were down, as was attendance at Walt Disney World.
The Walt Disney Company Reports Second Fiscal Quarter 2023 Financial Results
The Walt Disney Company has reported its second quarter financial results ending April 1st, 2023, with revenues for the quarter and six months growing 13% and 10% respectively, but Disney+ lost another 4 million subscribers.
Disney Sues Ron DeSantis, Calling Walt Disney World Takeover ‘Retaliation’
The Walt Disney Company have sued Florida Governor Ron DeSantis over the Republican’s takeover of Walt Disney World, after Disney opposed “Don’t Say Gay”.
The LEGO Group Delivers Strong Growth in 2022
The LEGO Group today released its full year financial results for 2022, seeing operating profits grow by 5% to DKK 17.9 billion, with net profits increasing by 4% to DKK 13.8 billion, outpacing the toy market and increasing market share.
The Walt Disney Company Reports First Fiscal Quarter 2023 Financial Results
The Walt Disney Company has reported its fiscal first quarter 2023 financial results via a live audio webcast, with a revenue of $23.51 billion in the first fiscal quarter of 2023, which is up 8% from previously.
Hasbro Eliminate Approximately 1,000 Global Full-Time Positions in 2023
Due to poor fourth quarter 2022 results, with profits down 17% year-on-year, Hasbro has announced leadership and organisational changes, including the elimination of around 1,000 jobs, approx. 15% of its global workforce, in 2023.
Star Wars: Skeleton Crew Wraps Principal Photography
In a now removed Instagram post, stunt coordinator George Cottle has confirmed that filming has wrapped on the Disney+ series Star Wars: Skeleton Crew.
Hasbro Falls Short of Quarterly Profit Estimates with Marvel & Star Wars Providing Growth
Hasbro has announced that it has fallen short of quarterly profit estimates for Q3 2022, but as part of their official presentation they have shared year-to-date growth for the Marvel and Star Wars product portfolios.
The LEGO Group Delivers Top Line Growth in H1 2022
The LEGO Group have reported earnings for the first half of 2022, showing revenue growing 17% to DKK 27 billion and a 13% increase in consumer sales, with Star Wars continuing as one of the companies top six themes.
The Walt Disney Company Reports 3rd Quarter and 9 Months Earnings for Fiscal 2022
The Walt Disney Company last night reported earnings for its third fiscal quarter ending July 2nd, with revenues for the quarter and nine months growing by 26% and 28%, respectively.
Funko Posts Record Increase in Q2 Sales of Over 33%
Funko has reported its consolidated financial results for the second quarter of 2022, ending June 30th, revealing that net sales increased 33.7% year on year to $315.7m.
Plastic-Free Packaging Update from Hasbro, The Vintage Collection and Retro Bubble Stays
Hasbro has just sent out a letter discussing their plastic free packaging, stating that the Star Wars Vintage Collection and Retro lines will keep the bubble since that "packaging is part of the product experience and typically retained intact for fan display and collections."
Hasbro Beats Analysts’ Estimates with Second Quarter 2022 Results
Hasbro has reported their second quarter 2022 results showing a 4% increase in revenue in Franchise Brands, Partner Brands and Emerging Brands, while Consumer Products revenue (licensing) was up 7%, beating analysts' estimates.
Star Wars: Skeleton Crew Receives Tax Credits for Shooting in California
Star Wars: Skeleton Crew is one of seven series that has received tax credits for shooting in California, with the Disney/Lucasfilm production being awarded $20.9 million against an expenditure of $136 million in its first season.
The Walt Disney Company Reports 2nd Quarter and 6 Months Earnings for Fiscal 2022
The Walt Disney Company last night reported earnings for its second fiscal quarter ended April 2nd, 2022, with revenues for the quarter and six months growing by 23% and 29%, respectively.
Chernin Group Leads Deal to Acquire 25% Stake in Funko, Investors Include Bob Iger
The Chernin Group announced that it is buying 25% of Funko, alongside a group of investors that includes former Disney chief Bob Iger.
Mattel’s First Quarter Results “Highest on Record” for Net Sales and Other Key Metrics
Mattel has released its first quarter results, which were described as the highest on record for net sales and other key metrics, with net sales up 19% versus the prior year’s first quarter.
Hasbro Reveals Plastic Free Marvel Legends Packaging, Is Star Wars Next?
Earlier this week, Hasbro revealed plastic free packaging for their Marvel Legends 6inch action figures as part of their commitment to remove plastic in their packaging by the end of 2022, but what does that mean for their Star Wars lines?
Hasbro Unveils Strong Q1 Results
Hasbro’s first quarter 2022 results have been released, with net revenue increasing 4% to $1.16b.
Disney’s Q2 FY22 Earnings Results to be Announced on May 11th 2022
Disney’s Q2 FY22 earnings results will be announced on Wednesday, May 11th, 2022, via a live audio webcast beginning at 4:30pm ET/1:30pm PT/9:30pm GMT.
Hasbro Recognized as One of World’s Most Ethical Companies for the 11th Consecutive Year
Hasbro has been recognised as one of the world's most ethical companies for the eleventh year running, honouring their leadership and commitment to business integrity through best-in-class ethics, compliance and governance practices.
Hasbro Full Year 2021 Results Reveal Strong Revenue, Profit and Growth
Hasbro has reported financial results for the final quarter and full-year 2021, with net revenues up by 17% to $6.42b and its entertainment segment revenues were up 27%, and consumer products segment revenues up 9%.
Hasbro Expands Relationship with Lucasfilm, Extends Star Wars License and Adds Indiana Jones Franchise
Hasbro today announced an extended relationship with Lucasfilm, renewing its longstanding licensing deal for Star Wars, and announcing a new agreement to develop products based on the Indiana Jones franchise.
Disney’s Chief Financial Officer Hints at Star Wars: Galaxy’s Edge Expansion
During this week's investment call, Disney CFO Christine McCarthy made a statement about how the company will spend money on its theme parks in the coming year, hinting that an expansion at Star Wars: Galaxy's Edge may be on the cards.
Disney+ Hits 118.1 Million Subscribers and Announces Andor Series Arriving in 2022
The Walt Disney Company’s fourth quarter 2021 financial results conference call took place last night, revealing that Disney+ subscribers had risen to 118.1 million, and that Andor would arrive in the companies fourth quarter of 2022, between July and September.
Hasbro Reports Strong Revenue and Earnings Growth in Q3 2021
Hasbro’s third quarter 2021 revenues increased by 11% to $1.97b, with exceptionally strong performances from its Entertainment segment with revenue up 76%, and the Wizards of the Coast & Digital Gaming segment, with a revenue increase of 32%.
The LEGO Group Delivers Strong First Half 2021 Performance
The LEGO Group have today reported revenue up 46% in the first half of 2021 compared with the same period in 2020, with consumer sales outpacing the rest of the toy industry and the LEGO Star Wars theme remaining one of the companies' top performers.
Disney+ Hits 116 Million Subscribers and Announces Anniversary Celebration on November 12th
As of July 3rd Disney+ has reached 116 million global paid subscribers, pulling in 12.4 million subscribers in Q3, and they will be celebrating Disney+ Day on November 12th with new show announcements and more.
Mattel to Halve Greenhouse Gas Emissions and Hit Zero Manufacturing Waste by 2030
Mattel has detailed new plans to reduce its greenhouse gas emissions by 50 per cent and achieve zero manufacturing waste by 2030 in its recently released 2020 Citizenship Report.