Hello and welcome to another TFW2005 Network Event Coverage. Hasbro held their 2020 1st Quarter Earnings Conference Call and made several remarks* regarding the future of the company.
Highlights:
- Future Of Transformers Live Action Movies.
- Collaboration With eOne.
- Toys & Games Production.
- Snake Eyes: G.I. Joe Origins Movie Release Shifted To 2021?
You can check out all of the above and more, after the jump.
Note: * Remarks and release dates are subject to change
During the Q&A Session, Hasbro CEO Brian Goldner mentioned that they are working on new theatrical releases for Transformers. Though Snake Eyes: G.I. Joe Origins is listed on Hasbro’s presentation as unchanged for October 16th, 2020, Mr. Goldner stated the following:
“…We are going to produce great branded content for theaters. We are going to see new Transformers movies coming. We obviously have Snake Eyes movie coming over next year. We have My Little Pony to come.”
Hasbro also stated that they have 21 theatrical movies in the pipeline for various Hasbro properties.
Recently acquired entertainment giant eOne is working on entertainment content (TV series, animated content, movies etc.) for more than fifteen Hasbro properties. However, Mr. Goldner did not specify which properties the team is working on. It is likely that Transformers and G.I. Joe are included on the list.
Regarding toys and games production:
Products planned to release on Q3 and Q4 of 2020, will start their production in two weeks’ time.
Following additional notes were given to the press.
- China: Third-party factories in China represent approximately 55% of the Company’s manufacturing production. After operating at lower than planned production levels during the first quarter due to COVID-19, these factories are currently operating at planned capacity for this time of year. China factories are making product across the business, including games. As production typically builds to peak levels during the summer months, the Company anticipates making up production lost in the first quarter in the second quarter and to be well positioned to meet holiday demand. These beliefs assume all production continues to operate in all material respects without further COVID-19 shutdowns.
- Outside of China: Manufacturing and warehouse partners outside of China operated at close to normal levels during much of the first quarter. Beginning in mid-March and through today, these locations are operating at varying levels of productivity depending on local government and safety considerations, with some markets operating at lower than normal production levels and other facilities have been closed for a period of time. Currently closed facilities include manufacturing in Massachusetts, Texas and Ireland, primarily for games, as well as manufacturing locations in India.
- The global Hasbro team is utilizing its diverse global supply chain to meet demand from open facilities, existing inventory and to rapidly make up lost production. The COVID-19 situation is very fluid and based on our understanding of local governments directions at this time, we expect closed facilities to reopen over the summer. We will be using our full complement of sourcing partners globally to ensure a quick recapture of any lost production on priority items.
You can check out a couple of info-graphics, attached with this news post.
RKillian
"But it's NEW and DIFFERENT and therefore AWESOME!" said somebody who hadn't seen it either after chastising a detractor for not having seen it.
For crying out loud, some people would leap into a fire a fourth time because, hey, getting burned the last three times doesn't mean it'll happen _this_ time.
TheSoundwave
It's been an exciting week for Transformers movie news.
jojo1982
Well we got some good news and it seems we’re getting a new TF live action movie in the summer of 2022
Gumblor Gimbles
Golding has also assured us that Snake Eyes will show his face and presumably talk, neither of which the character is exactly renowned for doing.
TheSoundwave
I'm really glad to hear that TLK's performance didn't scare them away from making Transformers movies. They took some time to reevaluate the series, but it still seems to be a priority for them. So far we've heard about three Transformers films in the pipeline. The future for the movies series is looking very interesting. While I respect and enjoyed seeing Michael Bay's take on the brand, it kind of got to the point where we knew what to expect from his movies. At this point we have no idea what these filmmakers will bring to the table. Paramount is learning that Transformers is bigger than Bay. The series is evolving in a really interesting way, and I'm hyped as heck to experience it.
I just hope they don't get ahead of themselves again. They need to take each movie one at a time and make each one the best it can be. They can certainly connect them and think ahead, but I hope they don't fall into the same trap as they did with the writer's room back in 2015. They don't need to plan out 20 movies at a time, they need to make these three great. Here's to hoping they prioritize quality over quantity.
WishfulThinking
While the cause may be different, the effect, I fear, may be the same.
Shin Densetsu
That was due to adding the 3D treatment in post-production in an attempt to boost ticket sales in the international market.
This time around, movies tied to Hasbro are being delayed due to reasons beyond their control instead of a gimmicky cashgrab(Retaliation 3D treatment).
WishfulThinking
Well…crap. this does not bode well for GIJoe. Remember what happened with Retaliation? That movie was booted down 8 months and screwed toy distribution over. Target and Walmart had movie sets planned and had to scrap them last second, put them on clearance and resulting in nearly no toys on the shelf for when the movie DID hit…of course, the movie didn't exactly light a fire under the product that was left, either. But the line could have survived one bullet but the double tap killed it.
This is starting to sound like deja vu…
Onilink
I mean, if the ingredients are rotten, the cake will not be good.
Shin Densetsu
That remains to be seen but I haven't heard rumors about that
Fanatic97
Leaked footage from the Snake Eyes Movie
SilverOptimus
Well, that didn't take long. Must be one of the unnamed projects mentioned during the conference. eOne may produce.
Skyfire98
Isn\'t snake eyes connected to the new bumblebee universe?
Rookbartley
Was this posted? Paramount/Hasbro Toy Story 4 Josh Cooley Direct Animated Transformers – Deadline
Music
Giving them a benefit of doubt due to them listening to the Sonic complaints and changing the design. Also, that Dora movie was surprisingly faithful to Dora.
I agree with the cautiousness though.