Mattel Posts Q3 Net Loss

Mattel posted a $603 million net loss in Q3 ended Sept. 30, compared to a $236 million profit a year earlier, as sales dropped 13% to $1.56 billion. As other toy companies have, Mattel blamed part of the shortfall on Toys R Us’ bankruptcy. Mattel recorded a $43 million net sales reversal tied to Toys R Us, representing the uncollectible

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Jakks Pacific Posts $17.6 Million Q3 Loss

Jakks Pacific swung to a $17.6 million net loss in Q3 ended Sept. 30, as it took a $19.4 million pre-tax charge tied to Toys R Us’ bankruptcy filing. Q3 net sales fell 13.3% to $262.4 million due partly to halting shipments to Toys R Us after it filed for bankruptcy in September. Jakks has since started “working closely” with

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Toys R Us Gets Approval for Debtor in Possession Financing

Toys R Us on Tuesday received bankruptcy court approval for the remaining third of $3.2 billion in debtor-in-possession financing. U.S. Bankruptcy Court Judge Keith Philips, Richmond, VA, cleared the funding in praising creditors and Toys R Us for working together and expressing hope that the cooperation continues, according to the Associated Press. Toys R Us negotiated with creditors to resolve

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Inside Licensing News and Notes, Oct. 24, 2017

Craftsman Tools to Launch at Lowe’s in Second Half 2018 Stanley Black & Decker, fresh from acquiring the Craftsman brand from Sears Holdings, will launch power and hand tools at Lowe’s in second half 2018, company executives told analysts. The move will be Craftsman’s first distribution outside Sears stores, which accounted for about 90% of sales and the 2,800-store Ace

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Hasbro’s U.S. Operating Profit Hit by Toys R Us Bankruptcy

Hasbro’s Q3 U.S. operating profit fell 5% to $217 million, driven partly by Toys R Us’ bankruptcy and despite revenue in increasing 7% to $993.8 million. Toys R Us filed for bankruptcy in September and Hasbro briefly suspended shipments to the retailer causing a “short-term disruption” in the toymaker’s business, CEO Brian Goldner told analysts. It has since reached an agreement

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Architect and Potter Mix with Entertainment Characters at TableTop Show

Licensed designs from an architect and a potter mixed with entertainment characters and interior designers as companies approached tableware from all angles during the Tabletop Show in New York this week. Luca Andrisani, better known for his architectural work for New York buildings, unveiled a 50-piece dinnerware collection with Lenox that brought geometric shapes to dinner plates, while Flagstaff, AZ-based potter David

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Inside Licensing News and Notes, Oct. 20, 2017

Hearst Agrees to Buy Rodale Hearst agreed to Buy Rodale Inc., potentially adding a line of health and running magazines with licensed properties to a stable that includes Esquire, Harper’s Bazaar, Cosmopolitan and others. The family-owned Rodale announced in June it was putting the company up for sale and Hearst was reported to be competing with Meredith Corp. to buy

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Nielsen Launches Ratings Service for Netflix

Nielsen is offering long-sought insight into Netflix viewership. The ratings firm is providing a new service that will enable media companies to gauge how many people watched their shows and those of competitors on Netflix. Studios, TV networks and licensees will be able to subscribe to the service to get access to ratings for 12,000 Netflix assets, including programs such

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BLE Roundup: Video Games Take Center Stage, and Studios Reach Into Their Vaults

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Inside Licensing News and Notes, October 16, 2017

WWE Expanding Tapout Distribution Tapout athletic apparel will expand to more than 500 Aeropostale stores in November following a 120-store test, moving distribution outside J.C. Penney, says World Wrestling Entertainment’s Casey Collins, which operates Tapout as a joint venture with brand owner Authentic Brands Group (ABG). Aeropostale will start with Tapout mens athletic apparel and potentially add womens and boys

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