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Post by The Ultimate Nullifier on Nov 10, 2017 18:21:18 GMT -6
deadline.com/2017/11/hasbro-bids-for-rival-mattel-1202206096/Hasbro has made a bid to take over toy aisle rival Mattel in a deal that would bring together the leading makers of entertainment-themed consumer products, from Disney princesses to DC superheroes. The Wall Street Journal reported the talks, citing sources familiar with the matter. The Rhode Island-based Hasbro has bet heavily on Hollywood’s cachet, striking licensing deals with Disney for popular princesses and Frozen merchandise. It struck a lucrative partnership with Paramount Pictures to produce films inspired by popular toy lines. The Transformers franchise has earned some $3.8 billion worldwide, while the G.I. Joe franchise brought in some $675 million. Hasbro’s strategy of using entertainment assets to fuel toy sales has paid off richly — the company’s market cap is $11.4 billion, more than twice that of El Segundo, CA-based Mattel.
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