Aug 3, 2023

Hasbro sells its film & TV business to Lionsgate for Li500M, but maintains a children's brand including -Peppa Pig,マ My Little Pony-

40 years after buying Entertainment One (eOne) for44 billion, toy maker Hasbro is selling the company's film and television business to Lionsgate for55 billion, but will retain control of a number of its largest Ips.

Background: On May 11 last year, Hasbro first announced plans to sell assets from eOne. At the time, the company explained that the sale would include part of the studio's TV and film business, but not all.

What Hasbro Holds - Hasbro maintains control of many family Ips, including Peppa Pig, Transformers, Dungeons & Dragons, My Little Pony, and more. It has always been the company's plan, and according to Hasbro, these brands are built into the company's licensing and merchandising plans, which could lead to increased exploitation across film, television, animation and digital. According to the release, more than 30 Hasbro-based projects are currently under development.

, what did Lionsgate buy - the sale contains about 6,500 titles; eOne's unscripted business, which includes active productions for non-Hasbro-owned Ip like The Rookie, Yellowjackets, Naked and Afraid, and rights to Hasbro-based shows like Play-Doh Squished, also includes Hasbro's involvement in the Canadian film and television business of Entertainment One Canada Limited. It also includes Russian interest.

What are the terms of the contract - the payment includes仮定3 billion in cash subject to a specific purchase price adjustment, and the assumption of a production financing loan by Lionsgate. The boards of Directors of both companies have approved transactions subject to closing conditions, including receipt of regulatory approval. Hasbro has said it will use the proceeds to retire floating rate debt with a minimum floating400 million by the end of the year, and for other general corporate purposes. Sales are expected to close by the end of the year.

Why Hasbro Is Being Sold - Hasbro's decision to sell eOne comes after a strategic review and, according to the company, "significantly increases Hasbro's investment in key brands" Family brands held by Hasbro are a major part of its strategy and are therefore excluded from sales.

What are they talking about - In the release, Chris Cocks, CEO of Hasbro, said: "We have a lot of people who want to know what they're talking about, and they want to know what they're talking about, and what they're talking about, and what they're talking about, and what they're talking about, and what they're talking about, and what they're talking about, and what they're talking about, and what they're talking about. Hasbro will continue to develop and produce entertainment based on the extensive vault of the brand owned by Hasbro. It will also deliver new and original ideas designed to fuel all areas of Hasbro's blueprint, including toys, publishing, games, licensed consumer products and location-based entertainment. As part of the sale, we expect to rely on licenses and partnerships with some co-productions to move to an asset-light model for future live-action entertainment.