Mattel Inc Stock Price, News & Analysis

Mattel (NASDAQ: MAT) has announced plans to transform the classic game Rock ‘Em Sock ‘Em Robots® into a live-action film in collaboration with Universal Pictures and Vin Diesel's One Race Films. Vin Diesel will both star in and produce the movie, which tells the story of a father and son forming a bond with an advanced war machine. This project marks the second collaboration between Mattel Films and Universal Pictures, following another film based on the Wishbone™ series. The iconic game has been a staple in pop culture since its launch in 1966.

Mattel, Inc. (NASDAQ: MAT) announced its initiative Drive Toward a Better Future, aiming for 100% recycled, recyclable, or bio-based plastic in Matchbox products by 2030. The launch of the Matchbox Tesla Roadster, made from 99% recycled materials, highlights this commitment. New product lines will feature eco-friendly materials, zero-plastic packaging, and enhanced consumer recycling guidance. Matchbox is also focused on reducing energy use and waste, emphasizing sustainability throughout its operations.

Mattel, Inc. (NASDAQ: MAT) is set to release its first quarter 2021 financial results on April 22, 2021, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. The event will be accessible via the company's Investor Relations website. A recording of the call will be available for 90 days post-event, and a telephone replay is also provided until April 29. Mattel is a major player in the global toy industry, known for iconic brands like Barbie and Hot Wheels, and operates in 35 locations globally, reaching consumers in over 150 countries.

The 2021 Hot Wheels Legends Tour, presented by Mobil 1, is now open for fan car submissions, offering enthusiasts the chance to have their custom cars immortalized as die-cast toys. This year, the tour expands globally, featuring live and virtual events across 14 countries and 5 continents, starting in April. The competition will culminate in November with one custom car creation being inducted into the Hot Wheels Garage of Legends. Previous winners will also be featured in the Forza Horizon 4 video game. The tour builds on the success of past events and aims to attract more submissions due to increased fan engagement.

Mattel, Inc. (NASDAQ: MAT) announced that CEO Ynon Kreiz will participate in a fireside chat at the DA Davidson Consumer Growth Conference on March 11, 2021, at 10:15 a.m. Eastern Time. The event will be webcasted live on Mattel’s Investor Relations website, with an archive available soon after. Mattel is renowned for its diverse portfolio of iconic brands including Barbie®, Hot Wheels®, and Fisher-Price®, and operates in 35 locations worldwide, providing products in over 150 countries. The company focuses on creating innovative products that inspire and develop children through play.

Mattel, Inc. (NASDAQ: MAT) has priced an offering of $600 million in 3.375% Senior Notes due 2026 and $600 million in 3.750% Senior Notes due 2029. The offering is expected to close on March 19, 2021. Proceeds will be used to redeem outstanding 6.750% Senior Notes due 2025 and cover related expenses. The Notes are offered in a private placement to qualified institutional buyers under the Securities Act. This move is part of Mattel's financial strategy to improve its debt structure.

Mattel intends to offer $1.2 billion in Senior Notes, split equally between $600 million due in 2026 and $600 million due in 2029. Proceeds will finance the redemption of $1.225 billion of existing Senior Notes due 2025. The offering is aimed at qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The Notes will be guaranteed by all existing and future wholly owned domestic restricted subsidiaries that borrow or guarantee under its credit facilities. This move is expected to optimize Mattel's debt structure and manage future financial liabilities.

Mattel and Nickelodeon have unveiled plans for a new animated series and live-action musical movie based on the Monster High franchise. The series will feature popular characters like Clawdeen Wolf and Draculaura, aiming to engage a new generation of children. Set to premiere in 2022, the project emphasizes inclusivity and modern themes of identity and empowerment. Production is led by experienced teams from both Mattel and Nickelodeon, ensuring a blend of comedy and adventure. This initiative aligns with Nickelodeon's strategy to expand beloved franchises.