Hasbro Inc Stock Price, News & Analysis

Hasbro has appointed Cynthia Williams as President of its Wizards of the Coast and Digital Gaming division, effective February 21, 2022. Williams joins from Microsoft, where she expanded Xbox Gaming. Tim Fields has also joined as Senior Vice President and General Manager of Digital Gaming, coming from Kabam Games, where he led several successful mobile titles. With their expertise, Hasbro aims to enhance its gaming portfolio, leveraging iconic brands like MAGIC: THE GATHERING and DUNGEONS & DRAGONS.

Hasbro, Inc. (NASDAQ: HAS) announced an extended licensing deal with Lucasfilm, renewing its partnership for the Star Wars™ franchise and adding the Indiana Jones™ franchise to its portfolio. As a master toy licensee, Hasbro will produce toys and games appealing to all ages for both brands. The new Indiana Jones line will launch in 2023, coinciding with the release of the upcoming film. This collaboration marks Hasbro's return to Indiana Jones products since 2008, emphasizing the enduring relationship between Hasbro and Disney's Lucasfilm.

Hasbro, Inc. (NASDAQ: HAS) announced it will host a webcast for its fourth quarter and full year 2021 earnings call on February 7, 2022, at 8:30 a.m. ET. The financial results will be shared during this call, along with specific financial statistics in compliance with Regulation G. Investors can access the webcast and presentation slides on Hasbro's Investor Relations website, with a replay available two hours after the event concludes.

Hasbro, Inc. (NASDAQ: HAS) has appointed Chris Cocks as its new CEO, effective February 25, 2022. Cocks, currently President of Wizards of the Coast, will succeed Rich Stoddart, who will transition to Chair of the Board. The board praised Cocks for his ability to drive growth and strengthen shareholder returns. Eric Nyman has also been appointed as President and COO, overseeing global operations and supply chain. Cocks aims to advance Hasbro's Brand Blueprint strategy and build on its entertainment assets.

Creative Kids has entered into a multi-year partnership with Hasbro to develop a new line of Play-Doh products, launching in Spring 2022. This collaboration aims to introduce innovative modeling clay and air-dry compounds, enhancing creative play experiences for children. The joint venture will see both companies' product development teams working closely together, supported by a comprehensive marketing campaign. As Hasbro seeks to expand the iconic Play-Doh brand, this partnership underscores their commitment to innovative and engaging products for families.

VH1 announces the launch of its new reality series, My Celebrity Dream Wedding, starting on January 3, 2022, at 9 PM/8C. The 20-episode series features elite wedding planners Courtney Ajinca, Lance Devereux, and Tori Williams, as they design celebrity-inspired weddings for couples on a budget. Viewers can expect DIY tips and extravagant décor inspired by celebrity weddings. The show aims to highlight creativity and affordability in wedding planning. Produced by eOne and MTV Entertainment Group, the series taps into VH1's existing fanbase and brand strength.

Champion Athleticwear announces a limited-edition collection in collaboration with Hasbro Gaming, featuring designs from iconic games like Monopoly, Twister, Scrabble, and Candy Land. This collection aims to blend playful competition with stylish athletic wear, catering to fans of all ages. The line includes pullover hoodies, joggers, and footwear, all available on Champion.com and select retailers, with prices ranging from $30 to $80. Group President Jon Ram highlights the collection's ability to let consumers express themselves during the holiday season.

Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.68 per common share, payable on February 15, 2022, to shareholders recorded by the close of business on February 1, 2022. This reflects Hasbro's commitment to returning value to its shareholders while maintaining a strong portfolio of approximately 1,500 brands, including MAGIC: THE GATHERING and TRANSFORMERS. The company continues to focus on immersive brand experiences and ethical corporate practices, ensuring a stable environment for investor confidence.