Latest news of hasbro

The revenue dropped 24% due to the eOne sale, but excluding that, it decreased 9%, with growth in some segments offset by declines in Consumer Products. Its operating profit of $116.2 million includes eOne-related costs, resulting in a 15.3%. margin. The entertainment revenue fell 85% due to the eOne sale, but excluding that, it grew 65%, driven by "Peppa pig" content.

Hasbro announced that it has reached a definitive agreement to sell its Entertainment One film and TV business to Lionsgate for approximately US$500 million.

Hasbro has initiated a sale process for the part of its eOne television and film business not directly supporting the company’s branded entertainment strategy.

The company will share transition details before that time, and Mr. Throop will continue to serve in his role as President & CEO of eOne throughout the remainder of 2022.

The licensing agent will represent Hasbro’s merchandise, publishing, promotions, and short-term location-based entertainment business across Benelux, Nordic, CEE, and Turkey regions.