Hasbro: Difference between revisions
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In January, 2022, Hasbro named Wizards COO [[Chris Cocks]] as its new CEO. He succeeded Hasbro's longtime CEO Brian Goldner, who had died in October 2021.<ref>{{TwitterRef|HipstersMTG|1478835851312484355|author=[[Hipsters of the Coast]]|title=Hasbro has named Chris Cocks as its new CEO|date=January 5, 2022}}</ref> | In January, 2022, Hasbro named Wizards COO [[Chris Cocks]] as its new CEO. He succeeded Hasbro's longtime CEO Brian Goldner, who had died in October 2021.<ref>{{TwitterRef|HipstersMTG|1478835851312484355|author=[[Hipsters of the Coast]]|title=Hasbro has named Chris Cocks as its new CEO|date=January 5, 2022}}</ref> | ||
In February 2022, Alta Fox, a significant shareholder of Hasbro, urged the company to split off Wizards of the Coast to the benefit of both entities. They nominated five candidates, a.o. [[Jon Finkel]], to the Board of Directors.<ref>[https://freethewizards.com/ Free The Wizards]</ref><ref>{{TwitterRef|CedricEPhilips|1494345312076320770|author=[[Cedric Phillips]]|title=Are you confused by the whole Free The Wizards thing today?|date=February 17, 2022}}</ref> In April 2022, Hasbro rejected both the proposal and the nominees.<ref>{{WebRef|url=https://www.wargamer.com/dnd/hasbro-wizards-of-the-coast-spin-off|title=Hasbro refuses to spin-off D&D publisher Wizards of the Coast|author=Mollie Russell|date=April 5, 2022|publisher=Wargamer.com}}</ref><ref>{{WebRef|url=https://investor.hasbro.com/news-releases/news-release-details/hasbro-board-directors-issues-letter-shareholders|title=Hasbro Board of Directors Issues Letter to Shareholders|author= | In February 2022, Alta Fox, a significant shareholder of Hasbro, urged the company to split off Wizards of the Coast to the benefit of both entities. They nominated five candidates, a.o. [[Jon Finkel]], to the Board of Directors.<ref>[https://freethewizards.com/ Free The Wizards]</ref><ref>{{TwitterRef|CedricEPhilips|1494345312076320770|author=[[Cedric Phillips]]|title=Are you confused by the whole Free The Wizards thing today?|date=February 17, 2022}}</ref> In April 2022, Hasbro rejected both the proposal and the nominees.<ref>{{WebRef|url=https://www.wargamer.com/dnd/hasbro-wizards-of-the-coast-spin-off|title=Hasbro refuses to spin-off D&D publisher Wizards of the Coast|author=Mollie Russell|date=April 5, 2022|publisher=Wargamer.com}}</ref><ref>{{WebRef|url=https://investor.hasbro.com/news-releases/news-release-details/hasbro-board-directors-issues-letter-shareholders|title=Hasbro Board of Directors Issues Letter to Shareholders|author=Hasbro|date=April 25, 2022|publisher=Hasbro.com}}</ref> | ||
On November 14, 2022, a Bank of America analyst said that Hasbro was “destroying the long-term value” of ''Magic: The Gathering'' by overprinting cards. The dire warning was accompanied by a double downgrade of Hasbro stock — from “buy” to “underperform” — as its valuation fell more than 5% before trading began on Monday. The analyst also called out the ''Magic'' ''[[30th Anniversary Edition]]'' as particularly egregious.<ref>{{WebRef|url=https://www.investing.com/news/stock-market-news/magic-the-gathering-analysis-prompts-bofa-to-double-downgrade-hasbro-432SI-2943159|title='Magic: The Gathering' analysis prompts BofA to double downgrade Hasbro|author=Senad Karaahmetovic |date=November 14, 2022|publisher=Coolstuffinc.com}}</ref><ref>{{WebRef|url=https://www.polygon.com/23458064/magic-the-gathering-overprinting-hasbro-stock-downgrade|title=Hasbro’s squeezing Magic: The Gathering players for too much money, big bank warns|author=Charlie Hall|date=November 14, 2022|publisher=Polygon.com}}</ref> | On November 14, 2022, a Bank of America analyst said that Hasbro was “destroying the long-term value” of ''Magic: The Gathering'' by overprinting cards. The dire warning was accompanied by a double downgrade of Hasbro stock — from “buy” to “underperform” — as its valuation fell more than 5% before trading began on Monday. The analyst also called out the ''Magic'' ''[[30th Anniversary Edition]]'' as particularly egregious.<ref>{{WebRef|url=https://www.investing.com/news/stock-market-news/magic-the-gathering-analysis-prompts-bofa-to-double-downgrade-hasbro-432SI-2943159|title='Magic: The Gathering' analysis prompts BofA to double downgrade Hasbro|author=Senad Karaahmetovic |date=November 14, 2022|publisher=Coolstuffinc.com}}</ref><ref>{{WebRef|url=https://www.polygon.com/23458064/magic-the-gathering-overprinting-hasbro-stock-downgrade|title=Hasbro’s squeezing Magic: The Gathering players for too much money, big bank warns|author=Charlie Hall|date=November 14, 2022|publisher=Polygon.com}}</ref> | ||
Revision as of 06:55, 3 December 2022
Hasbro Inc. (formerly Hassenfeld Brothers) is an American multinational toy and board game company. It is one of the largest toy makers in the world. The corporate headquarters is located in Pawtucket, Rhode Island.
Connection to Magic: the Gathering
The game and toy giant bought Wizards of the Coast in September 1999, for about US$325 million.[1] Wizards of the Coast was a subsidiary of Hasbro for 22 years and Magic: The Gathering became Hasbro's top-selling brand. In February 2021, Wizards of the Coast was reformed into one of three new divisions of Hasbro.[2]
In January, 2022, Hasbro named Wizards COO Chris Cocks as its new CEO. He succeeded Hasbro's longtime CEO Brian Goldner, who had died in October 2021.[3]
In February 2022, Alta Fox, a significant shareholder of Hasbro, urged the company to split off Wizards of the Coast to the benefit of both entities. They nominated five candidates, a.o. Jon Finkel, to the Board of Directors.[4][5] In April 2022, Hasbro rejected both the proposal and the nominees.[6][7]
On November 14, 2022, a Bank of America analyst said that Hasbro was “destroying the long-term value” of Magic: The Gathering by overprinting cards. The dire warning was accompanied by a double downgrade of Hasbro stock — from “buy” to “underperform” — as its valuation fell more than 5% before trading began on Monday. The analyst also called out the Magic 30th Anniversary Edition as particularly egregious.[8][9]
Theme park
In December, 2018, Hasbro announced plans for its first indoor water park and family resort, themed around some of its biggest toy and game franchises. The holiday destination is set to include themed hotel rooms, entertainment and food and drink, as well as installations and experiences inspired by Magic: The Gathering, Monopoly, Hungry Hungry Hippos, My Little Pony, Mr. Potato Head, Candy Land and Nerf.[10]
Hasbro Pulse
Hasbro Pulse is the current official Hasbro web store for the United States, United Kingdom, and Canada (excluding Quebec). Aimed specifically at adult fans, Pulse's product selection consists mostly of collector-focused toylines. The Hasbro Pulse name was originally used for the company's collector-focused news website, but was relaunched as its new web store in February 2019.
See also
References
- ↑ Hasbro To Acquire Wizards Of The Coast, Inc.. TMP (September 9, 1999).
- ↑ David McCoy (February 25, 2021). "Wizards of the Coast is Now a Division of Hasbro, Will Lead Digital Licensing Initiatives". Hipsters of the Coast.
- ↑ Hipsters of the Coast (January 5, 2022). "Hasbro has named Chris Cocks as its new CEO". Twitter.
- ↑ Free The Wizards
- ↑ Cedric Phillips (February 17, 2022). "Are you confused by the whole Free The Wizards thing today?". Twitter.
- ↑ Mollie Russell (April 5, 2022). "Hasbro refuses to spin-off D&D publisher Wizards of the Coast". Wargamer.com.
- ↑ Hasbro (April 25, 2022). "Hasbro Board of Directors Issues Letter to Shareholders". Hasbro.com.
- ↑ Senad Karaahmetovic (November 14, 2022). "'Magic: The Gathering' analysis prompts BofA to double downgrade Hasbro". Coolstuffinc.com.
- ↑ Charlie Hall (November 14, 2022). "Hasbro’s squeezing Magic: The Gathering players for too much money, big bank warns". Polygon.com.
- ↑ Hasbro is opening a water park and holiday resort with Magic: The Gathering and Monopoly themed attractions