Entering text into the input field will update the search result below

Mattel scoops up Jurassic license away from Hasbro

Jul. 19, 2016 8:51 AM ETMattel, Inc. (MAT) StockCMCSA, MAT, HASBy: Clark Schultz, SA News Editor
  • Mattel (NASDAQ:MAT) will take over the Jurassic Park toy license from Hasbro (NASDAQ:HAS) in July of 2017. The strong move by the company is aimed at boosting sales for the boys business. Terms of the deal weren't disclosed.
  • Hasbro reported a sharp in Jurassic-related sales in Q2. The drop was largely expected due to the comparison to last year when a Jurassic movie was released. The next Jurassic movie is scheduled for 2018.
  • Hasbro CEO Brian Goldner brought up the loss of the license on yesterday's post-earnings conference call (transcript). "We’ll no longer handle Jurassic Park because we were unable to arrive at a mutually beneficial financial arrangement on that brand," he noted.
  • The Jurassic franchise is owned by Universal (NASDAQ:CMCSA).

Recommended For You

More Trending News

About MAT Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
MAT--
Mattel, Inc.