Hasbro To Sell Non-Brand Aspect Of eOne

SilverOptimus

The last I saw of it was production art (in a style of an animatic) during an expo. It looked pretty much like the Snake Eyes movie, but replaced Akkiko with Jinx. Snake Eyes looked like a black Power Ranger and Storm Shadow was muscular and very Marvel's Crossbone-ish.

That's pretty much the extent that I remember hearing about it. I remember hearing that it was supposed to be very Snake Eyes/Storm Shadow focused.

I

AcademyofDrX

Not sure if this is the right place for it, but Hasbro produced two seasons and 52 episodes of an animated series, then wrote the whole thing off for tax reasons. It was never even shopped to any networks, so it never had a chance to air.

Details courtesy of Mitchell Golden at Instagram and a Twitter thread from Eric Rogers, speaking out in support of the WGA writers strike.

I don't know that eOne was involved in the production, but acquisition write-downs are one way to get the tax benefit.

I feel like writing media off for taxes should be illegal on principle.

AcademyofDrX

Not sure if this is the right place for it, but Hasbro produced two seasons and 52 episodes of an animated series, then wrote the whole thing off for tax reasons. It was never even shopped to any networks, so it never had a chance to air.

Details courtesy of Mitchell Golden at Instagram and a Twitter thread from Eric Rogers, speaking out in support of the WGA writers strike.

I don't know that eOne was involved in the production, but acquisition write-downs are one way to get the tax benefit.

Chris Cocks moment

AcademyofDrX

Not sure if this is the right place for it, but Hasbro produced two seasons and 52 episodes of an animated series, then wrote the whole thing off for tax reasons. It was never even shopped to any networks, so it never had a chance to air.

Details courtesy of Mitchell Golden at Instagram and a Twitter thread from Eric Rogers, speaking out in support of the WGA writers strike.

I don't know that eOne was involved in the production, but acquisition write-downs are one way to get the tax benefit.

lordmegatron64

That's disgusting

So, that's what happened to Micronauts. I was wondering why, even after seeing stills from the show, we never heard from it for a long, long time.

Not sure if this is the right place for it, but Hasbro produced two seasons and 52 episodes of an animated series, then wrote the whole thing off for tax reasons. It was never even shopped to any networks, so it never had a chance to air.

Details courtesy of Mitchell Golden at Instagram and a Twitter thread from Eric Rogers, speaking out in support of the WGA writers strike.

I don't know that eOne was involved in the production, but acquisition write-downs are one way to get the tax benefit.

Can someone mirror it or something for those of us stuck behind the paywall?

Hasbro in Talks to Sell Entertainment One to Its Founder

Bloomberg

By Lucas Shaw and Thomas Buckley
April 20, 2023 at 5:34 PM EDT

Hasbro Inc. is in talks with Entertainment One founder Darren Throop to sell most of the film and TV studio’s assets back to him, according to people familiar with the matter.

Throop, who previously served as chief executive officer of EOne, is among the leading bidders, said the people, who asked not to be identified because the discussions are private. He has the backing of private equity firm CVC Capital Partners. Hasbro and Throop declined to comment. CVC didn’t immediately respond to a request.

EOne was created from the merger of several music distributors and expanded into Hollywood in the 2000s. Recently produced titles include the film The Woman King and the TV series Yellowjackets, which airs on Showtime.

Hasbro, which gained the popular Peppa Pig kids franchise when it acquired the studio in 2019 for $4 billion, has been selling EOne divisions it doesn’t consider central to its strategy. In 2021, Hasbro sold EOne’s music business to Blackstone Inc. for $385 million. In November, the toymaker asked JPMorgan Chase & Co. and Centerview Partners to steer a sale of EOne after CEO Chris Cocks said potential buyers expressed interest.

Deadline reported earlier this week that CVC was a suitor.

The units on the block include EOne’s film and TV production business, and a library of about 6,500 titles. Those include the reality show Naked and Afraid and a distribution arm for popular series such as The Walking Dead. They account for $1 billion in revenue, or about 16% of Hasbro’s total.

Cocks has said that Hasbro will invest the proceeds in its gaming brands, which include Magic: The Gathering and Dungeons & Dragons, as well as in new films based on its franchises and to pay down debt.

Via Bloomberg:
Hasbro Is in Talks to Sell ‘Yellowjackets’ Studio to Its Founder

ZapRowsdower

Another example: Arcee. She is not selling well. The KH version. Why release another one (SS86), so soon? I know! To prevent sales and hurt the company!
vs.
"I swear, I'm, like, totally a different figure!"

They _are_ different figures. The real mistake here was repacking the Earthrise version in Kingdom. They could've given that slot to practically any other figure and done better.

ZapRowsdower

I do hope they FINALLY see sales consequence. They could do such a better job, but literally no one cares about the distribution problems. At all.

People are going to say you're looking at it from the wrong end because Hasbro makes their money from the stores and not collectors so they'd already been paid before distribution comes into play. But you're _right_, because if Target can't figure out how to get product to stores, and it doesn't sell as a result, then their spreadsheet robots are going to respond by cutting orders to Hasbro.

I don't have such a problem with so-called "variety characters" though. I think the real problem is that alot of the product they put out just isn't good enough. It doesn't have much character and the cost cutting is literally oozing out of it. But they are never going to do anything to change course. They are not going to spend more money. They are not going to write stories like it's 1985. They are not going to make the brand attractive and attainable to more outlets. They're going to continue to flood four major stores (Walmart, Target, Amazon, Ollies) with poorly designed junk priced like it's not that's backed up by zero advertising and a forgettable show released too early or too late because they can't coordinate with anybody anywhere.

PlanckEpoch

….huh? What? Quite literally Bandai-Namco owns studios like Sunrise in a big media blob. Gundam is one of their big cash cows in media. The toy/kit making venture and the animation side are tied so close to the hip they're Siamese twins.

jackgaughan

Bandai doesn't make TV shows

Bandai Namco Filmworks – Wikipedia