Welcome to our dedicated page for Hasbro news (Ticker: HAS), a resource for investors and traders seeking the latest updates and insights on Hasbro stock.
Hasbro, Inc. (NASDAQ: HAS) is a global leader in creating the world’s best play experiences through its iconic and beloved brands. The company’s extensive brand portfolio includes household names such as Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, Transformers, and many more. Hasbro's offerings span a wide range of entertainment mediums, from traditional toys and games to television programming, motion pictures, digital gaming, and a comprehensive lifestyle licensing program.
Hasbro Studios, the company's entertainment arm, is dedicated to creating brand-driven storytelling that resonates across multiple platforms, including TV and film. Through strategic acquisitions and partnerships, such as the 2019 acquisition of Entertainment One (eOne), Hasbro has significantly expanded its reach and content capabilities, adding popular family properties like Peppa Pig and PJ Masks to its portfolio. In 2022, the company further strengthened its digital gaming presence by acquiring Dungeons & Dragons Beyond, offering access to a community of 10 million digital tabletop players.
Financially, Hasbro continues to show robust performance, driven by its diverse product lineup and strategic investments. The company is also deeply committed to corporate social responsibility, including philanthropy and environmental sustainability, positively impacting millions of children and families around the world.
In recent news, Hasbro’s division, Wizards of the Coast, announced a licensing agreement with Starbreeze Entertainment to develop a new game based on the Dungeons & Dragons universe, expected to launch in 2026. This partnership underscores Hasbro's strategy to grow its digital games portfolio through licensing and development, bringing immersive play experiences to a global audience.
Hasbro, in collaboration with New York Times Games, announced the pre-order launch of Wordle: The Party Game set for October. This board game adapts the popular digital format for in-person play, allowing players to guess a five-letter word within six attempts. The game, suitable for ages 14 and up, features multiple gameplay modes and includes dry-erase boards for repeated use. With its innovative approach to social play, Hasbro aims to leverage the Wordle phenomenon to enhance engagement during game nights.
Hasbro is returning to San Diego Comic-Con with a vast portfolio of entertainment brands, showcasing their inaugural Dungeons & Dragons toy line among other exclusives. Attendees can expect meet & greets, product previews, and the chance to create custom Selfie Series action figures. The company is also launching a philanthropic Buy One, Give One campaign to support Ukrainian refugees. Exclusive products like Star Wars and G.I. JOE figures will be available for preorder. Events include panels on popular franchises and the introduction of a new NERF mascot.
Hasbro, Inc. announced on September 22 the pre-order launch of the iconic Starting Lineup sports collectibles brand, featuring NBA superstars. This collaboration with the NBA and NBPA includes exclusive trading cards with collectibles available via Hasbro Pulse and Fanatics. Eric Nyman, COO of Hasbro, emphasized the excitement for fans to engage with their favorite players in this highly articulated 6” scale. The initiative aims to attract both long-time collectors and new enthusiasts as it reintroduces a beloved brand with a fresh design.
Hasbro, Inc. (NASDAQ: HAS) announced a webcast for its Q2 2022 earnings conference call scheduled for July 19, 2022, at 8:30 a.m. Eastern Time. Investors can access financial and statistical information on Hasbro's Investor Relations website during the event. The presentation slides will also be available for both investors and media. Hasbro, a leading global play and entertainment company, provides a diverse portfolio of around 1,500 brands, including MAGIC: THE GATHERING, NERF, and TRANSFORMERS.
Hasbro, Inc. (NASDAQ: HAS) announced an Investor Day on October 4, 2022, where CEO Chris Cocks will outline a strategic plan focusing on refining the company's long-term strategy. The strategy includes prioritizing fewer, larger opportunities, enhancing their brand portfolio, and emphasizing consumer engagement, particularly in gaming and multi-generational play. The company acknowledges feedback from shareholders regarding returns and investments, aiming for meaningful changes to bolster shareholder value.
Alta Fox Capital Management has engaged shareholders regarding Hasbro, Inc. (NASDAQ: HAS), highlighting the need for boardroom changes following five years of underperformance compared to the S&P 500. Despite the Annual Meeting's outcome, Alta Fox acknowledges positive developments such as the appointment of gaming-focused directors, increased transparency regarding acquisitions, and a renewed focus on corporate governance. Alta Fox, owning 2.5% of Hasbro's shares, plans to maintain dialogue to ensure accountability and drive shareholder value amidst changes under CEO Chris Cocks.
Hasbro, Inc. (NASDAQ: HAS) announced the preliminary results of its 2022 Annual Meeting of Shareholders, where all 13 board directors were re-elected by a significant margin. The company’s say-on-pay proposal and auditor ratification also received shareholder approval. Moving forward, Hasbro aims to engage more with shareholders while undertaking a strategic review to enhance long-term value. Final voting results will be disclosed in a Form 8-K within four business days. The company emphasizes its commitment to delivering immersive brand experiences across various entertainment categories.
Hasbro urges shareholders to vote for its board of directors using the WHITE proxy card ahead of the 2022 Annual Meeting on June 8, 2022. The company emphasizes the board's diverse skill set and fresh perspectives that align with its long-term strategy under new CEO Chris Cocks. Director Ted Philip's financial and industry experience is highlighted as an asset for future growth. Shareholders are advised not to support the rival Alta Fox's gold proxy card.
Alta Fox Capital Management, holding 2.5% of Hasbro's shares, advocates for Marcelo Fischer's election to replace Edward M. Philip on Hasbro's Board at the upcoming Annual Meeting on June 8, 2022. Fischer is presented as an expert in capital allocation and investor disclosure, emphasizing his track record of creating shareholder value, contrasting it with Philip's nearly 20 years of alleged value-destructive decisions. Alta Fox stresses the importance of providing shareholders with better financial discipline and transparency to enhance Hasbro's long-term value.
Alta Fox Capital Management, a significant shareholder of Hasbro (NASDAQ: HAS), is advocating for board changes at the upcoming Annual Meeting, highlighting the need for improved capital allocation and governance. In a recent letter, Alta Fox noted the independent advisory firm ISS recommends a 'WITHHOLD' vote on long-serving director Edward M. Philip, citing concerns over financial performance and disclosures. Alta Fox is now focused on electing Marcelo Fischer, a capital allocation expert, to replace Philip, aiming to address long-standing issues and enhance shareholder value.
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