RIP Hasbro...
Hasbro's CFO says that they're cutting costs and part of that cost-cutting will be examining how much they're spending on materials and production. Translation: They're going to make things CHEAPER and probably charge you MORE. And they're already on thin ice with toy collectors and gamers. Speaking of which, CEO Chris Cocks announced they're a GAME company first, and a toy company second. R.I.P. Hasbro...
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Additional Context:
In a strategic move that's stirring the pot among toy collectors and gamers alike, Hasbro is tightening its belt on costs, impacting its global workforce with layoffs. A significant 20% of staff from its film production company, Entertainment One (eOne), are being shown the door as part of a broader initiative to curb expenses following a 9% drop in revenue year-over-year. This restructuring isn't just about downsizing; Hasbro is also looking to offload a majority stake in eOne, eyeing giants like Lionsgate and Legendary as potential buyers. This pivot underscores CEO Chris Cocks' declaration that Hasbro is prioritizing its identity as a game company, perhaps at the expense of its toy legacy, signaling a potentially transformative era for the company.
About Us:
Clownfish TV is an independent, opinionated news and commentary channel that covers Entertainment and Tech from a consumer’s point of view. We talk about Gaming, Comics, Anime, TV, Movies, Animation and more. Hosted by Kneon and Geeky Sparkles.
Disclaimer:
This series is produced by Clownfish Studios and WebReef Media, and is part of ClownfishTV.com. Opinions expressed by our contributors do not necessarily reflect the views of our guests, affiliates, sponsors, or advertisers. ClownfishTV.com is an unofficial news source and has no connection to any company that we may cover. This channel and website and the content made available through this site are for educational, entertainment and informational purposes only. These so-called “fair uses” are permitted even if the use of the work would otherwise be infringing.
#Hasbro #TTRPG #MTG #DnD #News #Commentary #Reaction #Podcast #Comedy #Entertainment #Hollywood #PopCulture #Tech
➡️ Tip Jar and Fan Support: http://ClownfishSupport.com
➡️ Official Merch Store: http://ShopClownfish.com
➡️ Official Website: http://ClownfishTV.com
➡️ Audio Edition: https://open.spotify.com/show/6qJc5C6...
➡️ Gaming News: https://open.spotify.com/show/0A7VIqE...
Additional Context:
In a strategic move that's stirring the pot among toy collectors and gamers alike, Hasbro is tightening its belt on costs, impacting its global workforce with layoffs. A significant 20% of staff from its film production company, Entertainment One (eOne), are being shown the door as part of a broader initiative to curb expenses following a 9% drop in revenue year-over-year. This restructuring isn't just about downsizing; Hasbro is also looking to offload a majority stake in eOne, eyeing giants like Lionsgate and Legendary as potential buyers. This pivot underscores CEO Chris Cocks' declaration that Hasbro is prioritizing its identity as a game company, perhaps at the expense of its toy legacy, signaling a potentially transformative era for the company.
About Us:
Clownfish TV is an independent, opinionated news and commentary channel that covers Entertainment and Tech from a consumer’s point of view. We talk about Gaming, Comics, Anime, TV, Movies, Animation and more. Hosted by Kneon and Geeky Sparkles.
Disclaimer:
This series is produced by Clownfish Studios and WebReef Media, and is part of ClownfishTV.com. Opinions expressed by our contributors do not necessarily reflect the views of our guests, affiliates, sponsors, or advertisers. ClownfishTV.com is an unofficial news source and has no connection to any company that we may cover. This channel and website and the content made available through this site are for educational, entertainment and informational purposes only. These so-called “fair uses” are permitted even if the use of the work would otherwise be infringing.
#Hasbro #TTRPG #MTG #DnD #News #Commentary #Reaction #Podcast #Comedy #Entertainment #Hollywood #PopCulture #Tech
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