PAWTUCKET, R.I.--(BUSINESS WIRE)--
Global branded play leader Hasbro,
Inc. (NASDAQ: HAS) today announced a new strategic merchandising
relationship with Disney Consumer Products for the globally popular
Disney Princess and Frozen properties. The agreement gives Hasbro global
rights (excluding Japan) to develop dolls based on Disney Princess
stories and characters including Cinderella, Beauty and The Beast, and
The Little Mermaid as well as Frozen beginning in 2016.
"We are delighted to have been selected by Disney Consumer Products to
develop dolls for the Disney Princess and Frozen franchises," said
Hasbro President & CEO Brian Goldner. "Our strategic thought leadership
and innovation has led to the steady growth of our girls business over
the past several years demonstrating that we have a true understanding
of girls globally and how today's girls want to play. The entire Hasbro
team is looking forward to providing consumers with inventive new play
experiences based on the beloved Disney Princess and Frozen characters
and stories."
Bob Chapek, President, Disney Consumer Products commented, "We
are excited about our collaboration with Hasbro on the Disney Princess
and Frozen franchises and the expansion of a robust partnership that has
already yielded tremendous results across our Star Wars and Marvel
properties. Hasbro's focus on quality, innovation, and market-leading
products designed for today's consumer, makes them the best choice to
grow one of the world's most popular girls brands."
Over the past ten years, Hasbro's creation of new brands and investment
in re-imagining existing brands such as My Little Pony has grown
Hasbro's Girls category revenues from nearly $300 million to more than
$1 billion in 2013, a record level for Hasbro's Girls portfolio.
"Our industry leading design and marketing teams are looking forward to
delivering to consumers around the world wonderful play experiences
based on these magical Disney properties," said Hasbro Chief Marketing
Officer John Frascotti.
About Hasbro, Inc.
Hasbro, Inc. (NASDAQ: HAS) is a branded play company dedicated to
fulfilling the fundamental need for play for children and families
through the creative expression of the Company's world class brand
portfolio, including TRANSFORMERS, MONOPOLY, PLAY-DOH, MY LITTLE PONY,
MAGIC: THE GATHERING, NERF and LITTLEST PET SHOP. From toys and games,
to television programming, motion pictures, digital gaming and a
comprehensive licensing program, Hasbro strives to delight its global
customers with innovative play and entertainment experiences, in a
variety of forms and formats, anytime and anywhere. The Company's Hasbro
Studios develops and produces television programming for more than 180
territories around the world, and for the U.S. on Hub Network, part of a
multi-platform joint venture between Hasbro and Discovery Communications
(NASDAQ: DISCA, DISCB, DISCK). Through the Company's deep commitment to
corporate social responsibility, including philanthropy, Hasbro is
helping to build a safe and sustainable world for future generations and
to positively impact the lives of millions of children and families
every year. It has been recognized for its efforts by being named one of
the "World's Most Ethical Companies" and is ranked as one of Corporate
Responsibility Magazine's "100 Best Corporate Citizens." Learn more at www.hasbro.com.
© 2014 Hasbro, Inc. All Rights Reserved.
About Disney Consumer Products
Disney Consumer Products (DCP) is the business segment of The Walt
Disney Company (NYSE:DIS) that delivers innovative and engaging product
experiences across thousands of categories from toys and apparel to
books and fine art. As the world's largest licensor, DCP inspires the
imaginations of people around the world by bringing the magic of Disney
into consumers' homes with products they can enjoy year-round. DCP is
comprised of three business units: Licensing, Publishing and Disney
Store. The Licensing business is aligned around five strategic brand
priorities: Disney Media, Classics & Entertainment, Disney & Pixar
Animation Studios, Disney Princess & Disney Fairies, Lucasfilm and
Marvel. Disney Publishing Worldwide (DPW) is the world's largest
publisher of children's books, magazines, and digital products and also
includes an English language learning business, consisting of over 40
Disney English learning centers across China and a supplemental learning
book program. DPW's growing library of digital products includes
best-selling eBook titles and original apps that leverage Disney content
in innovative ways. The Disney Store retail chain operates across North
America, Europe and Japan with more than 350 stores worldwide and is
known for providing consumers with high-quality, unique products.
Disney's official shopping portals online are www.DisneyStore.com
and www.DisneyStore.co.uk.
For more information, please visit Disney Consumer Products www.DisneyConsumerProducts.com
or follow us at www.YouTube.com/DisneyLiving,
www.Facebook.com/DisneyLiving,
www.Twitter.com/DisneyLiving
and www.Pinterest.com/DisneyLiving
and www.Instagram.com/DisneyLiving.
HAS-LIC
HAS-G
News Media:
Hasbro
Julie Duffy, 401-727-5931
Julie.Duffy@hasbro.com
or
Disney
Consumer Products
Joss Hastings, 818-544-0382
Joss.Hastings@disney.com
or
Investor
Relations:
Hasbro
Debbie Hancock, 401-727-5464
Debbie.Hancock@hasbro.com
Source: Hasbro, Inc.
News Provided by Acquire Media