Rovio’s Q2 Licensing Earnings, Revenue Soar

Rovio Entertainment, riding the wave of consumer product sales tied to The Angry Birds Movie, posted sharp gains in revenue and earnings amid reports it is weighing an IPO. Rovio’s earnings before interest, taxes, depreciation and amortization (EBITDA) in Q2 ended July 30 rose 269% to €31.6 million and revenue jumped 94% to €86.2 million. Brand licensing EBITDA increased to

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Target’s Cat & Jack Private Label Hits First-Year Sales of $2 billion

Target continues to expand its private-label apparel business with its Cat & Jack children’s line having posted $2 billion in sales in its first year through July, double the original forecast, company executives told analysts as it reported quarterly results. The company reported strong sales for the Cat & Jack, Pillow Fort (home décor, also introduced in July 2016) and

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Inside Licensing News and Notes, August 16, 2017

Executive Changes Stone Newman, ex-Genius Brands International, joins Pocket.watch as chief revenue officer…Eric Karp, ex-Crayola, named VP of Licensing at Buzzfeed, new post. Contacts: Pocket.watch,  Stone Newman, Chief Revenue Officer,  424-298-8324, stone@pcket.watch;  Buzzfeed, Eric Karp. VP Licensing, 212-431-7464   Coach “Refocusing” Kate Spade Licensing Program Coach Inc., fresh from its purchase of Kate Spade & Co., is “refocusing” the brand’s

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Manchester United’s Merchandising and Licensing Revenue Triples

Manchester United’s retail, merchandising, apparel and product licensing revenue more than tripled to £97.3 million in the year ended June 30 as the soccer club continued to benefit from taking control of the category from Nike, the club said in an SEC filing. Nike handled the licensing for ManU until 2015. The club has a 10-year agreement with Adidas that

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Department Stores Deepen Focus on Private Label, Exclusive Brands

Department stores sharpened their focus on private label and exclusive products in Q2 ended July 29. Macy’s, Kohl’s, J.C. Penney and Nordstrom, all having closed stores in the face of sluggish sales, each spotlighted private label and exclusive brands in their reports and executive comments: Macy’s now carries more than 20 private label brands and plans to increase exclusive products

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Longtime Iconix DTRs Ending, Company Says

  Iconix Brand Group’s direct-to-retail (DTR) licensing agreements with Target (for Mossimo) and Walmart (Starter and OP) will be ending. The move came as the retailers sharpen their focus on private label and amid shrinking shelf space for the Iconix brands, which combined generated just under $40 million in annual retail sales, Iconix executives told analysts as the company reported

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Inside Licensing News and Notes, August 10, 2017

Executive Changes Changes at Universal Brand Development: Joe Lawandus, ex-Mattel, named Senior VP and General Manager for North American Consumer Products, joing the company in September;  Marc Low, currently Senior VP of International,  now will be  Senior VP and General Manager for International Consumer Products. Both will report to Vince Klaseus, President of Universal Brand Development. Manuel Torres Port will depart his post

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Disney Consumer Products and Interactive Media Income Up Despite Revenue Shortfall

Operating income for Disney’s Consumer Products and Interactive Media group rose 12% to $362 million in Q2 ended June 30 despite a 5% revenue decline to $1.08 billion. The company credited the income rise to increases in the merchandise licensing and games businesses. “The increase at merchandise licensing was primarily due to lower expenses driven by a decrease in general

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Licensing Playing Vital Role in Cannabis Industry

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Inside Licensing News and Notes, August 3, 2018

Spin Master Gains Spurred by Paw Patrol, Hatchimals Collegtibles Spurred by the continued success and expansion of Paw Patrol, plus the launch of Hatchimals Collegtibles, Spin Master recorded a six-fold increase in net income to $22.1M on a 54.2% revenue increase to $276.7 million in the second quarter ended June 30. The revenue increase was partially attributable to the company’s

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