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 Inc. (NASDAQ: HAS) urges shareholders to vote 'FOR ALL' director nominees on the WHITE proxy card for the upcoming 2022 Annual Meeting on June 8, 2022. Newly appointed CEO Chris Cocks, along with recent board members, aims to deliver long-term shareholder value. Hasbro acknowledges past total shareholder return (TSR) challenges but highlights strategic initiatives, including share repurchases of $75-150 million for 2022 and a three percent quarterly dividend increase. Leading advisory firms support Hasbro's nominees, deeming their experience crucial for executing the company's strategy.
Hasbro urges shareholders to vote for its qualified directors using the WHITE proxy card ahead of the 2022 Annual Meeting on June 8, 2022. Newly appointed CEO Chris Cocks shares insights on his vision for growth, emphasizing the importance of the Board's support and initiatives for value creation. Key strategies include a focus on games, multigenerational play, disciplined capital allocation, and a robust Brand Blueprint strategy that has previously delivered over 289% total shareholder return since 2008. Cocks also highlights Hasbro's resilient performance amid pandemic challenges, including a 19% growth in games revenue.
Hasbro (NASDAQ: HAS) announces the retirement of
Hasbro, Inc. (NASDAQ: HAS) announced a quarterly cash dividend of $0.70 per share, payable on August 15, 2022, to shareholders on record as of August 1, 2022. The company, known for its diverse portfolio of approximately 1,500 brands including MAGIC: THE GATHERING and TRANSFORMERS, aims to enhance play and entertainment experiences. Hasbro has earned accolades for its corporate citizenship, being recognized as one of the World’s Most Ethical Companies, emphasizing its commitment to making a positive impact for families and children worldwide.
Hasbro, Inc. (NASDAQ: HAS) has completed the acquisition of D&D Beyond, a leading digital RPG toolset, from Fandom. The acquisition aims to enhance Hasbro's capabilities and improve player engagement within the Dungeons & Dragons brand. D&D Beyond boasts nearly 10 million registered users, which positions it as a key player in the digital role-playing game market. To celebrate, D&D Beyond has unlocked a starter adventure for all users and is offering a campaign book for free during the promotional period.
Alta Fox Capital Management urges shareholders of Hasbro (NASDAQ: HAS) to vote for its three independent nominees for the Board of Directors, citing chronic underperformance by existing members. Alta Fox, holding 2.6% of Hasbro's shares, targets the removal of long-tenured directors, claiming they have overseen significant market share losses and inadequate capital allocation strategies. The firm believes that electing new members will enhance governance and accountability. The annual meeting is scheduled for June 8, 2022, where shareholders can vote via the GOLD Proxy Card.
Hasbro, Inc. (NASDAQ: HAS) urges shareholders to vote for its board nominees at the upcoming 2022 Annual Meeting on June 8, 2022. The board believes its nominees possess superior skills essential for guiding the company under new CEO Chris Cocks. The board critiques the competing nominees from Alta Fox, citing their lack of relevant expertise and potential conflicts. Hasbro highlights its strong governance practices and emphasizes the importance of voting on the WHITE proxy card to support the current board structure for long-term value creation.
Hasbro, Inc. (NASDAQ: HAS) urges shareholders to vote for its board nominees in the upcoming 2022 Annual Meeting on June 8, 2022, as revealed in a recent presentation filed with the SEC. Key points include the success of Hasbro's Brand Blueprint strategy, appointment of qualified directors, and the company's diversified model aiding resilience during COVID-19. CEO Chris Cocks has initiated a comprehensive strategy review aimed at profitable growth. The board asserts that Alta Fox's nominated directors lack relevant experience and could disrupt Hasbro's progress.
Alta Fox Capital Management has publicly nominated three independent directors for election to Hasbro's Board after years of underperformance attributed to poor governance and capital allocation. Holding approximately 2.5% of Hasbro's shares, Alta Fox believes that electing their nominees is crucial for reversing stagnation and improving strategic direction, especially following the recent appointment of Chris Cocks as CEO. This move aims to introduce fresh perspectives and address skill gaps within the board.
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