Sony Pixel Power calrec Sony

Hasbro Initiates Sale Process for eOne TV and Film Business

17/11/2022

BACKHasbro Initiates Sale Process for eOne TV and Film BusinessCompany Advances Entertainment Strategy Focused on Core Hasbro Brands including PEPPA PIG, TRANSFORMERS and DUNGEONS & DRAGONS

PAWTUCKET, R.I.--(BUSINESS WIRE)--Nov. 17, 2022-- Hasbro, Inc. (NASDAQ: HAS), a global branded entertainment leader, today announced that, in connection with the Company's strategic review process led by its new CEO, Chris Cocks, the Board of Directors has authorized a sale process for the part of its eOne TV and film business not directly supporting the Company's Branded Entertainment strategy. Hasbro will maintain the capability to develop and produce animation, digital shorts, scripted TV and theatrical films for audiences related to core Hasbro IP.

In support of its recently announced Blueprint 2.0 strategy, Hasbro plans to significantly increase strategic investment in key brands, with a focus on gaming, direct to consumer, Franchise Brands and licensing. Priority brands for investment include PEPPA PIG, TRANSFORMERS, DUNGEONS & DRAGONS, MAGIC: THE GATHERING, MY LITTLE PONY, POWER RANGERS, PLAY-DOH and Hasbro's iconic portfolio of board games including MONOPOLY and CLUE. The Company plans to maintain significant development, production and financing capabilities to support its core brands across film, TV, animation and digital shorts. These projects will span Hasbro's beloved brands and will also include the development of new IP such as the recently announced Kiya and the Kimoja Heroes that is scheduled to premiere on Disney Junior and Disney+ in 2023.

Following our recent Investor Day where we introduced our new branded entertainment strategy, Blueprint 2.0, we received inbound interest from several parties for the part of the eOne television and film business that while valuable is not core to our go-forward strategy. This interest informed our decision to explore a sale process, said Chris Cocks, Hasbro's Chief Executive Officer. The acquisition of eOne delivered fantastic talent, top tier production and deal making capability and beloved brands with strong toyetic potential including Peppa Pig. We will retain these terrific capabilities while exploring the best way to maximize the value of the eOne TV & Film Business for the benefit of our shareholders.

Mr. Cocks continued, As we execute Blueprint 2.0 with a focus on strategic investment in key franchise brands like D&D, Peppa Pig and Transformers, we plan to expand our entertainment offerings across scripted TV, digital shorts, and blockbuster films. We look forward to delighting audiences of all ages as we focus on delivering truly market-leading Hasbro-IP related entertainment.

The Company has retained J.P. Morgan and Centerview Partners to assist with the sale process. Assets for the award-winning eOne Film & Television division that are a part of the potential sale include a 6,500+ content library, the non-Hasbro branded film and scripted TV business which produces and finances top tier content like The Woman King, Yellowjackets and The Rookie franchise, Hasbro's interest in Entertainment One Canada Limited's Canadian film and TV business, and Hasbro's category-leading unscripted division which includes hits like the Naked & Afraid franchise.

The process aims to maximize the value of this significant business for Hasbro and its shareholders. There can be no assurance that the process will result in a sale. The Company anticipates that the process will take several months. In the interim, Hasbro's entertainment team will continue to operate under the eOne production mark. Hasbro does not intend to make any additional comments regarding this process unless and until a transaction is entered into or the process is terminated.

About Hasbro

Hasbro (NASDAQ: HAS) is a global branded entertainment leader whose mission is to entertain and connect generations of fans through the wonder of storytelling and exhilaration of play. Hasbro delivers engaging brand experiences for global audiences through gaming, consumer products and entertainment, with a portfolio of iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands.

Hasbro is guided by our Purpose to create joy and community for all people around the world, one game, one toy, one story at a time. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, one of the World's Most Ethical Companies by Ethisphere Institute and one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50. For more information, visit www.corporate.hasbro.com.

Forward Looking Statement Safe Harbor

Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by the use of forward-looking words or phrases, include statements relating to the Company's exploration of strategic alternatives for the eOne TV and film business, including a potential sale of portions of that business that are not core to Hasbro, as well as any potential benefits in connection therewith, and the Company's future entertainment plans. Forward-looking statements include statements that are not historical facts and can be identified by terms such as anticipate, believe, could, estimate, expect, intend, may, plan, potential, predict, project, seek, should, will, would or similar expressions and the negatives of those terms. The Company's actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks and uncertai
LINK: https://www.entertainmentone.com/press/hasbro-initiates-sale-process-f...
See more stories from entertainment1

More from Entertainment One

24/08/2023

eOne ANNOUNCES UPCOMING UNTITLED ANDREA BOCELLI DOCUMENTARY

BACKeOne ANNOUNCES UPCOMING UNTITLED ANDREA BOCELLI DOCUMENTARYLos Angeles, CA Aug 24, 2023 - Entertainment One (eOne) announced today that it is producing an...

03/08/2023

Hasbro to Sell eOne Film & TV Business to Lionsgate

BACKHasbro to Sell eOne Film & TV Business to LionsgateHasbro Retains Entertainment for Priority Brands, Aligned with Strategy PAWTUCKET, R.I.--(BUSINESS WIRE)...

31/05/2023

Anthony LaPaglias Factual Series The Black Hand Inks eOne Deal

BACKAnthony LaPaglias Factual Series The Black Hand Inks eOne DealAnthony LaPaglia s upcoming factual series The Black Hand is set to be distributed intern...

25/05/2023

eOne tunes into first-look podcast adaptation deal with Canadaland

BACKeOne tunes into first-look podcast adaptation deal with CanadalandEntertainment One (eOne) has signed an exclusive first-look deal with Canadian podcasting ...

19/05/2023

eOne Inks First-Look Deal with Hardcash Productions

BACKeOne Inks First-Look Deal with Hardcash ProductionsEntertainment One (eOne) has signed an exclusive first-look deal with U.K. company Hardcash Productions, ...

17/05/2023

The Creator Trailer: John David Washington Combats AI In Gareth Edwards Sci-Fi Action Thriller For 20th, New Regency & eOne

BACK The Creator Trailer: John David Washington Combats AI In Gareth Edwards S...

16/05/2023

Fantasy Island Director Jeff Wadlow Sets Shark Thriller Devils Mouth With eOne, Thunder Road

BACK Fantasy Island Director Jeff Wadlow Sets Shark Thriller Devils Mouth W...

11/05/2023

The CW Buys Lea Thompson Canadian Drama The Spencer Sisters For Fall Lineup As Scripted Strategy Becomes Clearer

BACKThe CW Buys Lea Thompson Canadian Drama The Spencer Sisters For Fall Line...

05/05/2023

Sierra/Affinity Selling Foreign On Neons Hunter Schafer Horror Movie Cuckoo At Cannes

BACKSierra/Affinity Selling Foreign On Neons Hunter Schafer Horror Movie Cuck...

27/04/2023

Transformers Animated Prequel Sets Chris Hemsworth, Scarlett Johansson and More Voice Cast

BACK Transformers Animated Prequel Sets Chris Hemsworth, Scarlett Johansson an...

21/04/2023

Bryan Cranston, Allison Janney Board Drama Everythings Going to Be Great

BACKBryan Cranston, Allison Janney Board Drama Everythings Going to Be GreatThe film for Entertainment One and Astute will be directed by Jon S. Baird from S...

19/04/2023

The Rookie Renewed For Season 6 By ABC

BACK The Rookie Renewed For Season 6 By ABCAs expected, ABC has renewed The Rookie for its sixth season. The series will reach its 100th episode next season...

18/04/2023

Ewan McGregor to Star in Drama Series Lodi in Development at Amazon.

BACKEwan McGregor to Star in Drama Series Lodi in Development at Amazon.Ewan McGregor is set to star in a drama series currently in development at Amazon Pri...

13/04/2023

Dungeons & Dragons: Drew Crevello Set As Showrunner Of Paramount+ Live-Action Series

BACK Dungeons & Dragons: Drew Crevello Set As Showrunner Of Paramount+ Live-Ac...

21/03/2023

A Gentleman In Moscow: Leah Harvey, Paul Ready & More Join Paramount+ & Showtime Drama Series

BACK A Gentleman In Moscow: Leah Harvey, Paul Ready & More Join Paramount+ & S...

20/03/2023

Marti Noxon Inks First-Look Deal With eOne For Television & New Media

BACKMarti Noxon Inks First-Look Deal With eOne For Television & New MediaSharp Objects developer/executive producer Marti Noxon is reuniting with eOne, the indi...

10/03/2023

SHOWTIME DEBUTS OFFICIAL TRAILER FOR HIGHLY ANTICIPATED SECOND SEASON OF YELLOWJACKETS

BACKSHOWTIME DEBUTS OFFICIAL TRAILER FOR HIGHLY ANTICIPATED SECOND SEASON OF ...

17/02/2023

MARY ELIZABETH WINSTEAD TO STAR IN U.K. ORIGINAL DRAMA SERIES A GENTLEMAN IN MOSCOW ALONGSIDE EWAN MCGREGOR

BACKMARY ELIZABETH WINSTEAD TO STAR IN U.K. ORIGINAL DRAMA SERIES A GENTLEMAN...

13/02/2023

ENTERTAINMENT ONE SCORES INTERNATIONAL DISTRIBUTION RIGHTS TO ALL NEW DRAMA SERIES PAPER DOLLS

BACKENTERTAINMENT ONE SCORES INTERNATIONAL DISTRIBUTION RIGHTS TO ALL NEW DRAMA ...

07/02/2023

eOne Scores Global Sales for The Rookie: Feds

BACKeOne Scores Global Sales for The Rookie: FedsEntertainment One (eOne) has closed sales for The Rookie: Feds, headlined by Niecy Nash-Betts, to more than 110...

31/01/2023

eOne to Adapt The Twyford Code

BACKeOne to Adapt The Twyford CodeEntertainment One (eOne) has acquired the rights to Janice Hallett's bestselling novel The Twyford Code. Marking the fi...

24/01/2023

ENTERTAINMENT ONE SIGNS FIRST LOOK TELEVISION AND NEW MEDIA DEAL WITH JUVEE PRODUCTIONS

BACKENTERTAINMENT ONE SIGNS FIRST LOOK TELEVISION AND NEW MEDIA DEAL WITH JUVEE ...

20/01/2023

Gripping Four-Part Crave Original Investigative Docuseries, THUNDER BAY, Premieres February 17

BACKGripping Four-Part Crave Original Investigative Docuseries, THUNDER BAY, Pre...

18/01/2023

MOMENTUM PICTURES ACQUIRES NORTH AMERICAN DISTRIBUTION RIGHTS TO AWARD WINNING DIRECTOR CARTER SMITHS SWALLOWED

BACKMOMENTUM PICTURES ACQUIRES NORTH AMERICAN DISTRIBUTION RIGHTS TO AWARD WINNI...

17/01/2023

Power Rangers Celebrates its 30th Anniversary with Mighty Morphin Power Rangers: Once & Always and Power Rangers: Cosmic Fury

BACKPower Rangers Celebrates its 30th Anniversary with Mighty Morphin Power Rang...

13/01/2023

SHOWTIME DEBUTS FIRST TEASER FOR SEASON TWO OF HIT DRAMA SERIES YELLOWJACKETS

BACKSHOWTIME DEBUTS FIRST TEASER FOR SEASON TWO OF HIT DRAMA SERIES YELLOWJACKETSEmmy Nominated Series Will Return to Non-Linear Platforms on Friday, March ...

13/01/2023

Solving Cases by the Book. CTV Original Series THE SPENCER SISTERS Premieres Feb. 10 on CTV

BACKSolving Cases by the Book. CTV Original Series THE SPENCER SISTERS Premieres...

12/01/2023

Yellowjackets: Showtime Drops Trailer For Season 2

BACK Yellowjackets: Showtime Drops Trailer For Season 2So far, it looks like Elijah Wood has one of the more astute quotes from Yellowjackets' second seas...

10/01/2023

Dungeons & Dragons Live-Action Series Ordered By Paramount+ From Rawson Marshall Thurber, eOne & Paramount Pictures

BACK Dungeons & Dragons Live-Action Series Ordered By Paramount From Rawson M...

08/12/2022

Yellowjackets Season 2 Gets Release Date

BACKYellowjackets Season 2 Gets Release DateThe Yellowjackets are returning in 2023. Showtime announced today that the Emmy-nominated show will return for its s...

28/11/2022

Plano a Plano, Entertainment One partner on Spanish period drama Salazar

BACKPlano a Plano, Entertainment One partner on Spanish period drama SalazarIndependent Spanish production company Plano a Plano is working on period detective ...

21/11/2022

CHANNEL 5 COMMISSIONS NEW DRAMA LOVE RAT FROM CLAPPERBOARD WITH ENTERTAINMENT ONE

BACKCHANNEL 5 COMMISSIONS NEW DRAMA LOVE RAT FROM CLAPPERBOARD WITH ENTERTAINMEN...

17/11/2022

Hasbro Initiates Sale Process for eOne TV and Film Business

BACKHasbro Initiates Sale Process for eOne TV and Film BusinessCompany Advances Entertainment Strategy Focused on Core Hasbro Brands including PEPPA PIG, TRANSF...

16/11/2022

FREAKY TALES SETS LEADING CAST WITH STARS PEDRO PASCAL, BEN MENDELSOHN, AND JAY ELLIS FROM ENTERTAINMENT ONE AND MACRO FILM STUDIOS

BACKFREAKY TALES SETS LEADING CAST WITH STARS PEDRO PASCAL, BEN MENDELSOHN, AND ...

07/11/2022

SAM MILLER SET TO DIRECT AND EXECUTIVE PRODUCE A GENTLEMAN IN MOSCOW FOR PARAMOUNT+

BACKSAM MILLER SET TO DIRECT AND EXECUTIVE PRODUCE A GENTLEMAN IN MOSCOW F...

01/11/2022

MADS MIKKELSEN TO STAR IN BRYAN FULLERS DUST BUNNY PRODUCED BY ENTERTAINMENT ONE AND THUNDER ROAD

BACKMADS MIKKELSEN TO STAR IN BRYAN FULLERS DUST BUNNY PRODUCED BY ENTERTAINMENT...

14/10/2022

MOMENTUM PICTURES ACQUIRES NORTH AMERICAN AND UK DISTRIBIUTION RIGHTS TO BLUMHOUSE AND SECOND GRADE TEACHERS SOFT & QUIET

BACKMOMENTUM PICTURES ACQUIRES NORTH AMERICAN AND UK DISTRIBIUTION RIGHTS TO BLU...

12/10/2022

ENTERTAINMENT ONE TO PRODUCE DUNGEONS & DRAGONS DOCUMENTARY TIMED TO GLOBAL FRANCHISES 50TH ANNIVERSARY

BACKENTERTAINMENT ONE TO PRODUCE DUNGEONS & DRAGONS DOCUMENTARY TIMED TO GLOBAL ...

07/10/2022

Leslie Mann And Rebel Wilson To Star In Comedy Rock The Boat From eOne And Luke Greenfield

BACKLeslie Mann And Rebel Wilson To Star In Comedy Rock The Boat From eOne An...

07/10/2022

MTVs Hottest Show Debuts New Name Siesta Key: Miami Moves Premieres Thursday, October 27 at 8PM ET/PT

BACKMTVs Hottest Show Debuts New Name Siesta Key: Miami Moves Premieres Thursday...

06/10/2022

eOne Inks Deal With BAFTA Winning Writer-Director Paul Andrew Williams

BACKeOne Inks Deal With BAFTA Winning Writer-Director Paul Andrew WilliamseOne has struck a multi-year first-look deal with BAFTA-winning writer-director Paul A...

03/10/2022

My Little Pony Makes its Mark on the Metaverse

BACKMy Little Pony Makes its Mark on the MetaverseRoblox players discover Maretime Bay with customizable pony avatars September 29, 2022 - My Little Pony trots...

19/09/2022

PJ MASKS SCARES UP A HALLOWEEN SPECIAL FOR DISNEY JUNIOR ON SEPTEMBER 25!

BACK PJ MASKS SCARES UP A HALLOWEEN SPECIAL FOR DISNEY JUNIOR ON SEPTEMBER 25!Tune in to Disney Junior on September 25 at 11am ET/PT for a brand new PJ MA...

16/09/2022

eOne boosts Canadian unscripted team with development duo

BACKeOne boosts Canadian unscripted team with development duoHasbro-owned multinational Entertainment One (eOne) has boosted its Canadian unscripted TV team wit...

16/09/2022

Korean Family U.S. Drama Series In The Works From Dr. Brain Director Jee-Woon Kim, Star Trek Pair Bo Yeon Kim & Erika Lippoldt & eOne

BACKKorean Family U.S. Drama Series In The Works From Dr. Brain Director Jee-...

01/09/2022

Ben Megargel Promoted To SVP Development, Unscripted TV At eOne

BACKBen Megargel Promoted To SVP Development, Unscripted TV At eOneMegargel has been promoted to SVP, Development, Unscripted Television at the company. He was ...

30/08/2022

Clue: Dewayne Perkins To Write Animated Series In Works At Fox, Tim Story Joins As Executive Producer

BACK Clue: Dewayne Perkins To Write Animated Series In Works At Fox, Tim Story...

18/08/2022

Entertainment One Names Kris Henigman Senior Vice President of Scripted Television

BACKEntertainment One Names Kris Henigman Senior Vice President of Scripted Tele...