Hasbro has set its leadership team for its “asset-lite” entertainment division.
03.08.2023 - 13:31 / deadline.com
Hasbro will move to an “asset lite model for future live action entertainment” following the $500M eOne sale, according to CEO Chris Cocks.
Speaking as the toy giant unveiled the eOne deal plus Q2 earnings, Cocks said that, going forwards, Hasbro will rely on licensing and partnerships with select co-production partners. He cited the likes of the upcoming Transformers One animation and the Dungeons & Dragons TV series as examples, both of which are being made with Paramount.
Deadline revealed Lionsgate was in pole position to buy on-the-block Woman King studio eOne several weeks ago and confirmation came early this morning.
Hasbro acquired eOne in 2019 for $4B but sold the studio for just $500M, although it keeps hold of around 15% – the lucrative family brands division that houses staples such as Peppa Pig and PJ Masks. Around 20% of eOne’s film and TV staff have been impacted by layoffs over the past few months.
The sale will be used to pay down a minimum $400M in floating rate debt, according to Hasbro, and Cocks said the move will “give us greater focus and financial flexibility moving forward.”
Hasbro revenues fell by 10% to $1.2B for the quarter, while adjusted operating profit nearly halved to $136M.
Elaborating on the eOne sale, Cocks said “necessary choices are being taken to right-size our entertainment footprint.”
“Hasbro Entertainment will have a new marquee mission to develop, finance and produce entertainment based on the rich vault of Hasbro-owned brands,” he added. “While the next six months will lead to entertainment headwinds, we will emerge a more profitable business.”
The outlook for entertainment over the coming months has been downgraded by Hasbro slightly, in part due to the Hollywood strikes.
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Hasbro has set its leadership team for its “asset-lite” entertainment division.
Joe Otterson TV Reporter Hasbro is launching a new division called Hasbro Entertainment, which will unify the company’s film, television, animation, and digital media businesses. Olivier Dumont will serve as president of Hasbro Entertainment, while Zev Foreman and Gabriel Marano will serve as the head of film and head of television, respectively.
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Victor Kiriakis (John Aniston), per Soap Opera Digest. Theresa first came to Salem in 2013, and fans couldn’t get enough. Theresa quickly became a huge favorite among viewers with her devious plots and her romance with Brady Black (Eric Martsolf).Lilley played the role of Theresa for three years before exiting the soap opera in 2016.
Days of Our Lives” fans were introduced to the character of Victor Kiriakis (John Aniston) in 1985. Upon his first moments in Salem, it seemed clear that he would become one of the soap opera’s biggest villains. Throughout the years, Victor has shown his softer side regarding family.
her unexpected breakup with Rodrigo de Paul, Tini Stoessel has been rumored to be starting a new romance with Biel Juste, known for being a Spanish model and influencer. And while there is no strong evidence that indicates the two are currently dating, online users have spotted a major clue that could link them romantically.The talented singer was recently enjoying her time in Ibiza and attended a party, where she became friends with Joan Margarit, co-owner of the fashion brand Two Jeys, alongside Biel.
Brent Lang Executive Editor Yellow Veil Pictures and Vinegar Syndrome announced have co-acquired North American rights for “Riddle of Fire,” the feature debut of writer and director Weston Razooli. The movie follows three mischievous children as they embark on an odyssey when their mother asks them to run an errand. The film was also an official selection at this year’s Cannes Directors’ Fortnight and will screen on the closing night of the Toronto Film Festival’s Midnight Madness section.
End of Summer Sale. Just in time to add some new shoes to your end-of-summer footwear rotation, the Zappos sale is offering major savings on thousands of trending styles.
Hasbro has confirmed the sale of Entertainment One (eOne) to Lionsgate for $500M, which should close by the end of this year.
Speculation is intensifying that Lionsgate is getting closer to a deal to acquire the Hasbro-owned Entertainment One.
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Kate Beckinsale celebrated a milestone birthday with a star-studded bash Sunday. Beckinsale turned 50 on July 26 and was joined by Demi Moore, Demi Lovato, Adam Lambert and more celebrity pals. The "Underworld" star posed for photos wearing a silver, sparkling bodysuit.
Kate Beckinsale got her bunny ears on.
Kate Beckinsale is ringing in a milestone birthday in style. The actress celebrated her 50th birthday with a big blowout weekend of soirees.
Playboy “bunny” costume for her followers on social media this weekend, complete with a pair of sky-high heels and black bunny ears.The “Click” star shared a carousel of photos, where she stood alongside her two friends, latex designer Nina Kate and Gabs Morpeth, who were wearing different renditions of the bunny outfit.The over-the-hill actress stunned in a black latex body suit and ripped tights as she smiled and modeled with her pals. Photos of the event showed pink and silver balloons decorating her apartment, as well as a table full of birthday cakes and flowers.
Age is but a number for Kate Beckinsale, who channeled her inner "Playboy" bunny days after turning 50. Wearing a black sequined bodysuit with ripped tights, Beckinsale's outfit was adorned by signature bunny ears, a bow tie and sleeve cuffs. Just days after her big birthday, Beckinsale kept the party going, writing she was off to celebrate her "birthday twin," in friend Oliver Gliese.
Gavin Casalegno was able to seamlessly return to playing Jeremiah on The Summer I Turned Pretty, in part because of how his own experiences shaped his performance.
The Summer I Turned Pretty is tonally a very different show in than it was in season one, mostly due to Susannah's passing and the ripple effect that created among her friends and family. Gone are the more lighthearted storylines featuring deb ball fashion montages and Beck trying to get her kids to sit for portraits. Aside from some fun and games at the boardwalk this season and a between Belly and Conrad, it's been devastating to watch all the in-fighting between the Fisher and Conklin families as well as Aunt Julia's steadfast determination to sell the beloved beach house.
Lisa Rinna is reacting to the recent misconduct accusations against Days of Our Lives director and co-executive producer Albert Alarr.
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