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The Latest Breaking News from Hasbro

Thanks to "Barbie" movie topping 2023 box office, Mattel is thriving as Hasbro cuts 1,100 jobs

“Barbie” turbocharged sales of dolls, accessories, and Dreamhouses even as the toy industry suffered.

Fortune

Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing

Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.

International Business Times UK

Etsy CEO turns to sailing metaphor to rally troops after laying off 225 workers just before the holidays

Etsy, the online marketplace told 225 workers that they will be out of a job in the New Year. So its CEO attempted to water down the bad news with a sailing metaphor.

Fortune

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'There's almost nobody left': CEO of Baldur's Gate 3 dev Swen Vincke says the D&D team he initially worked with is gone, due to Hasbro layoffs

Suffering and success.

PC Gamer

Hasbro's 1,100 layoffs have hit D&D and Magic: The Gathering hard, as a growing list of staff announce their departures

The layoffs are happening despite both properties having "record years", as per an investor meeting in October.

PC Gamer

D&D and Magic: The Gathering owner Hasbro announces the layoffs of 1,100 employees, calls it a 'lever we must pull to keep Hasbro healthy'

The "majority" of impacted employees will be told "over the next six months."

PC Gamer

Indexes Gain Momentum Amid Inflation News; Cathie Wood Buys More Microsoft, Meta

Investors became more comfortable with new inflation data as the stock market gained momentum in afternoon trades Tuesday.

Investors Business Daily

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D&D and Magic: The Gathering owner Hasbro lays off 1,100 staff as "a last resort"

"I know this news is especially difficult during the holiday season"

GamesRadar

Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business

Toy maker Hasbro is cutting about 1,100 jobs, or 20% of its workforce

The Independent UK

Toymaker Hasbro lays off 1,100 staff as holiday season fails to lift sales

Manufacturer of Monopoly, Play-Doh and Transformer cuts workforce by almost one-fifth as ‘last resort’

The Guardian - US

Not just kid play: Toy companies aim more products at older adults

Toymakers are tweaking original classic games or coming out with new ones that embrace an audience that’s been around for a while: people over 65 years old

The Independent UK

Despite Baldur's Gate 3, Barbie Success, Toymakers Tumble On Holiday Warning

Mattel stock falls after consumer warning in earnings despite "Barbie" movie boost. Baldur's Gate 3 isn't enough to prop up Hasbro results.

Investors Business Daily

Hasbro India’s latest board game combines the charms of Monopoly with cricket

Hasbro’s latest board game combines the charms of Monopoly with India’s favourite sport, cricket

The Hindu

Mattel Stock Rides 'Barbie' Movie Success Near Buy Point. Now The Toymaker Eyes $300 Billion Market.

Mattel stock nears a buy point. Analysts are bullish on the toymaker's film prospects after the success of the Barbie movie.

Investors Business Daily

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Inverse

New 'Ahsoka' Detail Reveals a Major Change to Lightsaber Canon

Who’s got dibs on Ezra Bridger’s lightsaber? As Ahsoka and Sabine search for their missing friend, they'll have to decide soon.

The Guardian - UK

‘It’s almost magical’: how robotic pets are helping UK care home residents

Animatronic cats and dogs have helped staff at a Bedfordshire care home to avoid medicating some residents with dementia

GamesRadar

Exclusive Ahsoka reveal: Sabine Black Series helmet replica on the way

GamesRadar+ can exclusively offer your first look at the Star Wars Black Series Sabine helmet from Ahsoka.

Investors Business Daily

Hasbro Stock Scores Relative Strength Upgrade; Hits Key Benchmark

A Relative Strength Rating upgrade for Hasbro shows improving technical performance.

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news in one place.

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The Independent UK

Adorable, cuddly… evil? How the Furby took over the world

A singing, dancing, seemingly unkillable owl-bat thing, the inexplicably cute Furby was one of the most popular toys of the Nineties. As it unveils a sparkly new look, Kate Ng digs into its fascinating history

The Guardian - UK

Barbie, what have you done? The nightmare of Hollywood’s toy movie future

After Barbie’s success, toy maker Hasbro has joined the goldrush – and soon even the dullest playtime object will get its own film. Are you ready for the Play-Doh Cinematic Universe?

WEKU

There's money in Magic: The booming business of rare game cards

For decades, sports have led the pack in the trading card market. Now, as celebrities shell out millions for rare game cards, fantasy characters are giving star athletes a run for their money.

Total Film

Oh toy! A Monopoly movie is officially happening, and we're desperate to know how that's going to work

Hasbro is following in Mattel's footsteps

Broadcasting & Cable

Lionsgate Agrees To Acquire Hasbro’s eOne for $500 Million

Library includes ‘Grey’s Anatomy,’ ‘Criminal Minds’ episodes

Investors Business Daily

Hasbro Results Mixed As 'Magic' Weakens; Funko Stock Dives After Miss, Slashes Outlook

Hasbro stock upgraded prior to mixed earnings as Magic: The Gathering sales weaken. Funko cuts outlook, CEO, 13% of staff.

GamesRadar

Activision didn't actually lose the delisted Transformers games, Hasbro says shortly after insinuating Activision lost the Transformers games

"We have the code, it’s not lost and never was"

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