Hasbro CEO Brian Goldner, CFO Deb Thomas, and eOne CEO Darren Throop attended Goldman Sachs 30th Annual Communacopia Conference this morning.
During the event, Mr. Goldner stated that some toys will be delayed by a quarter due to prevailing logistic concerns. He explained that as an example, a toy that was supposed to release in quarter 3 will be pushed to quarter 4 (late 2021 – early 2022). However, the company did not specify which toys will experience this delay. On a happier note, Brian Goldner stated that they are seeing gradual ease in the situation. The toy giant is using all kinds of tactics including the usage of additional ports to circumnavigate the issue.
Also due to COVID-19 pandemic, eOne will evaluate Hasbro movie releases on a case-by-case basis. Some movies will release theatrically with a shorter theatrical window as opposed to the usual 90-days before hitting home video. Some will directly shift to streaming. CEO of eOne confirmed that Transformers: Rise Of The Beasts and the upcoming Dungeons & Dragons movie will see a theatrical release, but did not elaborate on the release window period (90 Days vs. 45 Days). However, Mr. Throop stated that a shorter window will benefit merchandise sales.
Brian Goldner stated that more entertainment content is on its way for properties such as Transformers, G.I. Joe, My Little Pony, and Risk.