Earlier this week, Mattel and Hasbro announced that they have entered into multi-year licensing agreements to create co-branded toys and games from some of their most popular brands.
Hasbro is engaged in providing children’s and family leisure time products with a range of portfolio of brands and entertainment.
Hasbro, Inc. (a syllabic abbreviation of its original name, Hassenfeld Brothers) is an American multinational conglomerate with toy, board game, and media assets. Hasbro owns the trademarks and products of Kenner, Parker Brothers, and Milton Bradley, among others.
Among its products are Transformers, G.I.Joe, Power Rangers, Rom, Micronauts, M.A.S.K., Monopoly, Furby, Nerf, Twister, and My Little Pony. The Hasbro brand also spawned TV shows to promote its products, such as Family Game Night on the Discovery Family network, a joint venture with Discovery, Inc. As of 2019, it is also the parent company of mass media and entertainment company Entertainment One. The corporate headquarters is located in Pawtucket, Rhode Island.
Earlier this week, Mattel and Hasbro announced that they have entered into multi-year licensing agreements to create co-branded toys and games from some of their most popular brands.
Having lost 41% over the past year, HAS stock has also plunged more than 4% in its year-to-date record.
Roblox stock has been trading for just one month after the long-awaited initial public offering conducted last month.