IGT's DoubleDown Casino Brings TRANSFORMERS Battle for Cybertron to Mobile and Desktop
Featuring more ways to win from a single spin with FreeFall Symbols
LAS VEGAS and SEATTLE, Feb. 24, 2014 /PRNewswire/ -- International Game Technology, a global leader in gaming systems technology, and DoubleDown Casino, the world's largest social casino, bring "more than meets the eye" to social games this month with the launch of the TRANSFORMERS Battle for Cybertron game on desktop and mobile. Players can experience the legendary battle between the AUTOBOTS and DECEPTICONS with Planet Cybertron's heroes and villains including OPTIMUS PRIME, MEGATRON, GRIMLOCK, SHOCKWAVE, RATCHET and BUMBLEBEE in the latest Hasbro release on DoubleDown Casino. The 40-line, five reel, high-energy slot is packed with innovative mystery and bonus features.
"We're committed to bringing exciting engagement to players, and are thrilled to offer this popular licensed game to DoubleDown Casino's mobile platform for the first time in the U.S.," said John Clelland, vice president of global Interactive marketing at IGT. "With the release of this unique social slot game, our players can enjoy instantly recognizable, exciting animations, and relive the fun of TRANSFORMERS from anywhere, at any time."
The game features IGT's classic FreeFallSymbols which allows multiple wins from a single spin as winning symbols disappear and are changed into new ones, cascading from above. After any spin, TRANSFORMERS robots may appear and explode away further symbols, unleashing even more wild and bonus-triggering symbols. In the Free Spins Bonus, players can select a TRANSFORMERS character to match their style of play: MEGATRON and OPTIMUS PRIME offer bigger multipliers, while SHOCKWAVE and BUMBLEBEE offer more free spins.
KRE-O TRANSFORMERS - 2014 PRODUCT INFORMATION
With the release of the new film TRANSFORMERS: AGE OF EXTINCTION in 2014 and the launch of new KRE-O TRANSFORMERS merchandise from Hasbro celebrating the film, the TRANSFORMERS brand is ready for its biggest year ever! This year’s KRE-O TRANSFORMERS line will feature re-imagined AUTOBOTS and DECEPTICON characters, plus brand-new DINOBOTS straight from the film!
Many of Hasbro’s 2014 KRE-O TRANSFORMERS: AGE OF EXTINCTION offerings include the all-new DINOFORCE action feature, which allows the DINOBOTS to grip, stomp or chomp the sinister DECEPTICON foes.
The 2014 KRE-O TRANSFORMERS line from Hasbro features the following products, which will be available exclusively at Toys“R”Us stores nationwide and online at Toysrus.com:
KRE-O TRANSFORMERS: AGE OF EXTINCTION KREON MICRO CHANGERS Blind Bag Assortment
(Ages: 6 & up/Available: May 2014)
Each KRE-O TRANSFORMERS KREON MICRO CHANGERS Blind Bag features one TRANSFORMERS KREON figure that can either be built in its robot form or alternate battle mode. There are 24 unique KREON figures in total, including four DINOBOTS. Each sold separately.
KRE-O TRANSFORMERS: AGE OF EXTINCTION CUSTOM KREONS Assortment
(Ages 6 & up/Available: May 2014)
Collect your favorite TRANSFORMERS characters in KREON form, then customize them your way! Each KRE-O TRANSFORMERS CUSTOM KREON set comes with one iconic TRANSFORMERS KREON character from the new movie TRANSFORMERS: AGE OF EXTINCTION with more than 30 additional parts, including pieces with premium metallic deco! Collect all twelve! Each sold separately.
KRE-O TRANSFORMERS: AGE OF EXTINCTION DINOBOT CHARGE Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, build a TRICERATOPS DINOBOT for your KREONS to ride! Thanks to the built-in DINOFORCE action feature, the TRICERATOPS’ magnetic horns can pick up the DECEPTICON VEHICON! Comes with DECEPTICON VEHICON and AUTOBOT DRIFT KREONS. Contains 66 pieces.
KRE-O TRANSFORMERS: AGE OF EXTINCTION KREON MICRO CHANGERS COMBINERS Assortment
(Ages: 6 & up/Available: May 2014)
The KREON figure experience is taken to the next level as KRE-O TRANSFORMERS KREON MICRO CHANGERS COMBINERS takes cues from classic ‘combiner’ figures and inspiration from the new movie TRANSFORMERS: AGE OF EXTINCTION! Each KRE-O TRANSFORMERS MICRO CHANGERS COMBINER set contains four TRANSFORMERS KREON figures that can be built in their robot form, alternate battle mode, or combined together to form one larger robot. There are approximately 90 pieces in each of the sets available. Each set sold separately.
KRE-O TRANSFORMERS: AGE OF EXTINCTION SCORN STREET CHASE Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, use KRE-O bricks to build a DINOBOT for your KREONS to ride! Thanks to the built-in DINOFORCE action feature, the DINOBOT’S magnetic mouth can pick up the DECEPTICON KREONS! Comes with two DECEPTICON VEHICON KREONS and an AUTOBOT CROSSHAIRS KREON. Contains 106 pieces.
KRE-O TRANSFORMERS: AGE OF EXTINCTION CELL BLOCK BREAKOUT Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, use KRE-O bricks to build a two-headed PTERODACTYL DINOBOT for your KREONS to ride, along with a break-away jail cell and a surface-to-air missile launcher! Thanks to the built-in DINOFORCE action feature, the DINOBOT’S magnetic claws can pick up the DECEPTICON KREONS, jail cell and the OPTIMUS PRIME KREON! Comes with a DECEPTICON VEHICON KREON and OPTIMUS PRIME and BUMBLEBEE KREONS. Contains 135 pieces.
KRE-O TRANSFORMERS: AGE OF EXTINCTION GRIMLOCK STREET ATTACK Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, use KRE-O bricks to build GRIMLOCK, the T-Rex DINOBOT for your KREONS to ride, along with a break-away archway for GRIMLOCK to destroy! Thanks to the built-in DINOFORCE action feature, GRIMLOCK can pick up the DECEPTICON VEHICONS in his mouth! GRIMLOCK also has a capture claw in his tail! Comes with two DECEPTICON VEHICON KREONS and a GOLD KNIGHT OPTIMUS PRIME KREON. Contains 196 pieces.
KRE-O TRANSFORMERS: AGE OF EXTINCTION LOCKDOWN AIR RAID Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, build DECEPTICON LOCKDOWN’S DROP SHIP with movable wings and a RAPTOR DINOBOT for your KREONS to ride! Thanks to the built-in DINOFORCE action feature, a claw in the DROP SHIP can pick up the AUTOBOT KREONS and open the DINOBOT’S mouth! Comes with LOCKDOWN, HOUND and SIDESWIPE KREONS. Contains 203 pieces.
KRE-O TRANSFORMERS: AGE OF EXTINCTION OPTIMUS PRIME DINO HAULER Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, use KRE-O bricks to build an OPTIMUS PRIME vehicle and a DINOBOT for your KREONS to ride! Thanks to the built-in DINOFORCE action feature, the DINOBOT’S tail can pick up the DECEPTICON KREONS or send your DECEPTICON KREONS flying! Comes with two DECEPTICON VEHICON KREONS, an AUTOBOT RATCHET KREON and a AUTOBOT DRIVER MINI-KREON. Contains 275 pieces.
KRE-O TRANSFORMERS: AGE OF EXTINCTION GALVATRON FACTORY BATTLE Set
(Ages 6 & up/Available: May 2014)
From the film TRANSFORMERS: AGE OF EXTINCTION, use KRE-O bricks to build the GALVATRON FACTORY and GALVATRON, as well as a DINOBOT and a collapsing catwalk! Thanks to the built-in DINOFORCE action feature, the MAGNETIC CAPTURE CLAW can stop your AUTOBOT KREONS in their tracks! Comes with KREON figures of BUMBLEBEE, OPTIMUS PRIME, GALVATRON and a DECEPTICON VEHICON, and two KSI WORKERS and one SWAT HUMAN MINI-KREON. Contains 388 pieces.
Innovation First Stitches Licensing Agreement with Bioworld
Local Partnership to Bring HEXBUG® Apparel & Sleepwear to Retail Spring 2014
February 18, 2014 10:00 AM Eastern Standard Time
MAGIC MARKET WEEK 2014
GREENVILLE, Texas--(BUSINESS WIRE)--Innovation First International, creators of the internationally popular HEXBUG® brand, today announced a partnership with Bioworld Merchandising, granting apparel licensing rights for HEXBUG branded t-shirts and sleepwear. Due to appear at selected retailers in the United States this Spring, the hot new HEXBUG themed boys’ apparel will be on display at MAGIC MARKET WEEK, a trade show for contemporary men’s and women’s apparel and footwear, from February 18 – 20, 2014.
“We are excited to extend the HEXBUG brand into the youth apparel market with smart, cutting-edge apparel designs, which we know our fans will geek-out over,” said Tony Norman, President and Chief Executive Officer of Innovation First International. “Bioworld’s hip, savvy, non-traditional approach to creative design, manufacturing and merchandising goes hand in hand with our brand philosophy and creative culture.”
Bioworld and Innovation First are two of the fastest-growing companies in the Dallas-Fort Worth Metroplex. Bioworld Merchandising is a licensed brand apparel and accessory manufacturer that has built a solid infrastructure to support design, manufacturing, and distribution to all retail channels. Bioworld has strong relationships with major retailers and has demonstrated a keen ability to spot exciting, relevant partnerships with key youth brands.
“We are looking forward to collaborating with the Innovation First team. The HEXBUG brand embodies the attributes we find to be important in our products: innovation, quality and fun,” said Jennifer Staley, Vice President of Licensing for Bioworld. “This project is a great fit for us.”
Innovation First is a high-tech robotics and engineering company at the bleeding edge of consumer technology. HEXBUG products are designed to give children a positive experience with robotics at a young age. HEXBUG branded apparel and sleepwear joins other fun licensing partnerships that the company has forged for 2014, including a partnership with Crocs to create HEXBUG Jibbitz, decorative shoe charms that fit into the holes of Crocs shoes, as well as a new partnership with one of the year’s biggest blockbuster movies: “Transformers: Age of Extinction,” in which HEXBUG is bringing the iconic, franchise characters to life for fans of all ages, with the Transformers HEXBUG Warriors & Nano product lines.
For more information on HEXBUG, please visit: http://www.HEXBUG.com. Follow the HEXBUG brand on Facebook, Twitter, Instagram, and Pinterest for up to date information on this and other product news and promotions.
About Innovation First International:
Innovation First International was founded on the belief that innovation very early in the design process is necessary to produce simple and elegant product designs. Innovation First International’s three main subsidiaries, VEX Robotics, Inc., Innovation First Labs, Inc. (makers of HEXBUG® Micro Robotic Creatures), and RackSolutions, Inc. span the education, consumer and business-to-business markets.
Grand Rapids Comic-Con Announces First Guests
The Grand Rapids Comic-Con is please to announce that comic book guest Livio Ramondelli and e-comics legend Mark Mekkes will be guests at the annual comic book and popular arts event which will be held at the DeltaPlex in Grand Rapids, Michigan, on November 21-23.
Livio Ramondelli is currently drawing various projects for IDW Publishing. His credits include Transformers: Autocracy and Monstrosity (with Blizzard creative director Chris Metzen and Flint Dille), Transformers: Chaos, Robots in Disguise, as well as covers for Teenage Mutant Ninja Turtles, G.I. Joe, 30 Days of Night and others. He has also provided Star Wars covers for Dark Horse Comics, and Battlestar Galactica covers for Dynamite Entertainment.
Mark Mekkes is a cartoonist, illustrator and writer that has turned his efforts to the world of web comics. Mark is the creator of the groundbreaking e-comics “Zortic” and “Saucer Seekers”, as well as the role playing card game Steam Spy.
“We want to create the best comic and popular arts event in the Midwest,” said owner and co-event coordinator Mark Hodges, “and adding Livio and Mark are a good step for us. We desire to bring to Grand Rapids the best guests available in our field, and we feel that Livio and Mark fit the bill well. We are happy that they have decided to attend our event as guests.”
The Grand Rapids Comic-Con will be held on November 21-23, 2014, at the DeltaPlex Arena and Conference Center in Grand Rapids, Michigan. For more information, please visit the website www.grcomiccon.com.
Hasbro Reports Fourth Quarter and Full-Year 2013 Financial Results and Declares an Increase in Quarterly Dividend to $0.43 per Share
- 2013 full-year net revenues of $4.08 billion were flat with 2012 revenues of $4.09 billion;
- 2013 International segment revenues increased 5% and grew across all major regions; 2013 Entertainment and Licensing segment revenues also increased 5%;
- Franchise Brand revenues grew 15% in 2013 versus 2012;
- Full-year Girls product category revenues grew 26% and reached $1 billion for the first time in the Company's history;
- Games revenues increased 10%; Preschool product category revenues were up 1%;
- 2013 full-year net earnings were $372.4 million, or $2.83 per diluted share, excluding aggregate pre-tax charges of $145.4 million from restructuring and related pension costs, product-related expense and the settlement of an adverse arbitration award, partially offset by a $23.6 million favorable tax adjustment;
- 2012 full-year net earnings were $370.8 million, or $2.81 per diluted share, excluding restructuring charges;
- As reported, 2013 net earnings were $286.2 million, or $2.17 per diluted share, compared to $336.0 million, or $2.55 per diluted share in 2012;
- Generated $401.1 million in operating cash flow during 2013;
- Company Board of Directors raises quarterly dividend 8% or $0.03 per share to $0.43 per share.
PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the full-year and fourth quarter 2013. Net revenues for the full-year 2013 were $4.08 billion and flat with full-year 2012 revenues of $4.09 billion. Full-year 2013 net revenues include a favorable $3.7 million impact of foreign exchange.
Net earnings for the full-year 2013 were $286.2 million, or $2.17 per diluted share, versus $336.0 million, or $2.55 per diluted share, in 2012. 2013 net earnings include pre-tax charges of $36.7 million associated with restructuring, $7.0 million of related pension costs, $61.1 million associated with the settlement of a previously disclosed adverse arbitration award, $40.6 million of charges related to certain non-strategic brands as well as a $23.6 million favorable tax adjustment. Excluding these items, 2013 net earnings were $372.4 million, or $2.83 per diluted share.
Net earnings for the full-year 2012 were $336.0 million, or $2.55 per diluted share. Excluding pre-tax restructuring charges of $47.2 million, or $0.26 per diluted share, 2012 net earnings were $370.8 million, or $2.81 per diluted share.
For the fourth quarter 2013, the Company reported net revenues of $1.28 billion which were flat with $1.28 billion in 2012. Foreign exchange had a $2.3 million positive impact on revenues for the fourth quarter 2013.
The Company reported net earnings for the fourth quarter 2013 of $129.8 million, or $0.98 per diluted share, including pre-tax charges of $48.8 million associated with restructuring and related pension costs and product-related charges, and a benefit of $15.4 million related to the settlement of an adverse arbitration award for less than the previously recorded charge. 2012 fourth quarter reported net earnings were $130.3 million, or $0.99 per diluted share, including $36.0 million pre-tax, or $0.21 per share, in restructuring charges. Excluding charges in both periods and the benefit in 2013, 2013 fourth quarter net earnings were $148.8 million, or $1.12 per diluted share, compared to $157.4 million, or $1.20 per diluted share, in 2012.
"Our heightened focus on Hasbro's Franchise Brands and emerging markets delivered positive momentum for us in 2013," said Brian Goldner, Hasbro's President and Chief Executive Officer. "In 2013, our Franchise Brands grew 15% with six of the seven brands growing, the Girls category increased 26% to reach a record $1 billion in revenues, our Games category posted 10% growth and our emerging markets increased 25% year-over-year. Cost savings efforts are lowering our underlying cost base and the increase in the quarterly dividend reflects confidence in our ability to profitably grow Hasbro over the long-term. We are entering 2014 with very good momentum in our brands globally, innovative new products and a multi-year pipeline of extremely strong film and television entertainment to leverage."
"As our Franchise Brands have grown through our focused efforts, we have also incurred short-term costs to exit certain non-strategic brands," said Deborah Thomas, Hasbro's Chief Financial Officer. "This puts us in a stronger financial position for the long-term. Our cash generation remains strong and in 2013 we generated $401 million in operating cash flow. We remain committed to investing in the long-term profitable growth of our business and returning excess cash to our shareholders through both our dividend and our share repurchase programs."
Note: Full-year 2013 restructuring and related pension charges, product-related and arbitration award settlement charges are primarily in Corporate and Eliminations. For details see attached table: Supplemental Financial Data, Restructuring, Pension Curtailment and Settlement, Product-Related and Arbitration Award Settlement Charges.
U.S. and Canada segment net revenues were $2.01 billion compared to $2.12 billion in 2012. The segment's results reflect growth in the Girls and Games categories, which was more than offset by declines in the Boys and Preschool categories. The U.S. and Canada segment reported operating profit of $313.7 million, or 15.6% of revenues, compared to $319.1 million, or 15.1% of revenues, in 2012.
International segment net revenues grew 5% to $1.87 billion compared to $1.78 billion in 2012. 2013 revenues include a positive $7.0 million impact from foreign exchange. Revenue in the International segment reflects growth across all regions with Europe increasing 3%, Latin America up 12% and Asia Pacific growing 4%. Emerging markets grew 25% in 2013 versus 2012. Additionally, the Girls, Games and Preschool category revenues increased, more than offsetting the decline in the Boys category. The International segment reported a 9% increase in operating profit to $235.5 million, or 12.6% of revenues, compared to $215.5 million, or 12.1%, in 2012.
Entertainment and Licensing segment net revenues increased 5% to $191.0 million compared to $181.4 million in 2012. The segment benefitted from growth in digital gaming, including the addition of Backflip Studios, as well as growth in lifestyle licensing. These gains were partially offset by lower entertainment revenues in 2013. The Entertainment and Licensing segment reported $45.5 million in operating profit compared to $53.2 million in 2012.
For the full-year 2013, net revenues in the Boys category decreased 22% to $1.24 billion. 2013 revenues grew for Franchise Brands TRANSFORMERS and NERF; however, these gains were more than offset by declines in BEYBLADE and MARVEL products which had difficult comparisons versus 2012.
The Games category grew for the second consecutive year and fifth consecutive quarter. Franchise Brands MAGIC: THE GATHERING and MONOPOLY posted revenue gains in 2013 versus 2012. Additionally, excluding the growth from the two Games Franchise Brands, the remainder of the Games category grew in 2013 led by Games Mega Brands and new gaming initiatives.
The Girls category posted its sixth straight quarter of growth and reported $1.0 billion in revenues for the year, a record level for Hasbro's Girls business. The continued growth in FURBY and Franchise Brand MY LITTLE PONY was further supported by highly successful new initiatives including MY LITTLE PONY EQUESTRIA GIRLS and the launch of NERF REBELLE.
The Preschool category grew revenues 1% in 2013 behind strong performances in Franchise Brand PLAY-DOH, growth in SESAME STREET driven by BIG HUGS ELMO and continued growth in TRANSFORMERS RESCUE BOTS products.
Cost Savings Initiative & Other Charges
As previously announced, the Company is undertaking a cost savings initiative designed to better align resources and costs while targeting $100 million in annual savings by 2015. Gross savings for 2013 totaled $50 million, resulting in net savings of $13 million for the full-year, prior to pension charges.
During 2013, the Company incurred $43.7 million in pre-tax restructuring and related pension charges, or $0.23 per diluted share, associated with this initiative. In line with previous estimates, pre-tax restructuring charges in the year were $36.7 million and related pension charges were $7.0 million.
Additionally, the Company incurred pre-tax charges of $40.6 million associated with exiting certain non-strategic brands and reduced expectations from declining initiatives which the Company is no longer focusing on. The Company also incurred pre-tax charges of $61.1 million associated with the settlement of a previously announced adverse arbitration award.
Dividend and Share Repurchase
Hasbro's Board of Directors has declared a quarterly cash dividend of $0.43 per common share. This represents an increase of $0.03 per share, or 8%, from the previous quarterly dividend of $0.40 per common share. The dividend will be payable on May 15, 2014 to shareholders of record at the close of business on May 1, 2014.
The Company paid $156.1 million in cash dividends to shareholders during 2013. The company paid dividends of $46.6 million in December 2012 associated with a dividend payment which typically would have been paid in February 2013.
Additionally, Hasbro repurchased a total of 2.3 million shares of common stock during 2013 at a total cost of $102.5 million and an average price of $45.17 per share. At year-end, $524.8 million remained available in the current share repurchase authorizations.
Conference Call Webcast
Hasbro will webcast its fourth quarter and full-year 2013 earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast and access the accompanying presentation slides, please go to http://investor.hasbro.com. The replay of the call will be available on Hasbro's web site approximately 2 hours following completion of the call.
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 markets 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 http://www.hasbro.com.
© 2014 Hasbro, Inc. All Rights Reserved.
Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include expectations concerning the Company's potential performance in the future, including with respect to its planned cost savings initiative and profitability, and the Company's ability to achieve its other financial and business goals and may be identified by the use of forward-looking words or phrases. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Specific factors that might cause such a difference include, but are not limited to: (i) the Company's ability to design, develop, produce, manufacture, source and ship products on a timely and cost-effective basis, as well as interest in and purchase of those products by retail customers and consumers in quantities and at prices that will be sufficient to profitably recover the Company's costs; (ii) downturns in economic conditions affecting the Company's markets which can negatively impact the Company's retail customers and consumers, and which can result in lower employment levels, lower consumer disposable income and spending, including lower spending on purchases of the Company's products; (iii) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (iv) potential difficulties or delays the Company may experience in implementing cost savings and efficiency enhancing initiatives; (v) other economic and public health conditions or regulatory changes in the markets in which the Company and its customers and suppliers operate which could create delays or increase the Company's costs, such as higher commodity prices, labor costs or transportation costs, or outbreaks of disease; (vi) currency fluctuations, including movements in foreign exchange rates, which can lower the Company's net revenues and earnings, and significantly impact the Company's costs; (vii) the concentration of the Company's customers, potentially increasing the negative impact to the Company of difficulties experienced by any of the Company's customers or changes in their purchasing or selling patterns; (viii) consumer interest in and acceptance of Hub Network, and programming created by Hasbro Studios, and other factors impacting the financial performance of the network and Hasbro Studios; (ix) the inventory policies of the Company's retail customers, including retailers' potential decisions to lower their inventories, even if it results in lost sales, as well as the concentration of the Company's revenues in the second half and fourth quarter of the year, which coupled with reliance by retailers on quick response inventory management techniques increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve compressed shipping schedules; (x) delays, increased costs or difficulties associated with any of our or our partners' planned digital applications or media initiatives; (xi) work disruptions, which may impact the Company's ability to manufacture or deliver product in a timely and cost-effective manner; (xii) the bankruptcy or other lack of success of one of the Company's significant retailers which could negatively impact the Company's revenues or bad debt exposure; (xiii) the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to offer Company products which consumers choose to buy instead of competitive products, the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees; (xiv) concentration of manufacturing for many of the Company's products in the People's Republic of China and the associated impact to the Company of social, economic or public health conditions and other factors affecting China, the movement of products into and out of China, the cost of producing products in China and exporting them to other countries; (xv) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xvi) the impact of other market conditions, third party actions or approvals and competition which could reduce demand for the Company's products or delay or increase the cost of implementation of the Company's programs or alter the Company's actions and reduce actual results; (xvii) the impact of litigation or arbitration decisions or settlement actions; and (xviii) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and Securities and Exchange Commission ("SEC") filings. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.
This press release includes a non-GAAP financial measure as defined under SEC rules, specifically EBITDA. EBITDA represents net earnings attributable to Hasbro, Inc. excluding net loss attributable to noncontrolling interests, interest expense, income taxes, depreciation and amortization. As required by SEC rules, we have provided reconciliation on the attached schedule of this measure to the most directly comparable GAAP measure. Management believes that EBITDA is one of the appropriate measures for evaluating the operating performance of the Company because it reflects the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic acquisitions. However, this measure should be considered in addition to, not as a substitute for, or superior to, net earnings or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company's financial statements and filings with the SEC. As used herein, "GAAP" refers to accounting principles generally accepted in the United States of America.
This press release also includes the Company's 2013 costs and expenses, operating profit, net earnings and diluted earnings per share excluding the impact of restructuring and related pension charges, product-related charges from brands which the Company exited or have reduced expectations, and charges related to the settlement of an adverse arbitration award. 2013 net earnings and diluted earnings per share also exclude a benefit from a tax exam settlement. This press release also includes the Company's 2012 costs and expenses, operating profit, net earnings and diluted earnings per share excluding the impact of restructuring charges. Management believes that presenting this data excluding these charges and tax benefit assists investors' understanding of the underlying performance of the results of operations.
Hasbro, DeNA, and IDW Publishing Deliver the Ultimate Fan Experience for TRANSFORMERS: LEGENDS’ Dark Cybertron Episode
San Diego, CA (February 5, 2014) – Hasbro, DeNA and IDW Publishing today announced a collaboration to bring Dark Cybertron to life in a new interactive experience for the action-packed mobile card battle game TRANSFORMERS: LEGENDS. Fans that play the TRANSFORMERS: LEGENDS in-game episode that starts on February 5 and runs through February 11 will gain free access to a special edition Dark Cybertron comic from IDW Publishing, in addition to exclusive discounts on select TRANSFORMERS action figures from Hasbro featured in the Dark Cybertron story, such as ARMADA STARSCREAM and SKYWARP.
TRANSFORMERS: LEGENDS’ Dark Cybertron Episode
Dark Cybertron is the first Team Battle episode in TRANSFORMERS: LEGENDS. It combines elements of cooperative and competitive gameplay that players have never experienced before this mobile game. In the Dark Cybertron episode players will join forces with the AUTOBOTS and DECEPTICONS to battle against a powerful and ancient enemy, the NECROTITAN, and fight to unravel the meaning behind mysterious new developments in the battle for CYBERTRON.
The new Dark Cybertron episode is available to play beginning on February 5 by downloading TRANSFORMERS: LEGENDS for iPhone, iPad, iPod touch or Android devices for free at: http://mobage.com/games/TRANSFORMERS-LEGENDS
Free Dark Cybertron Comic Book
As part of the collaboration between DeNA and IDW Publishing, players who take part in this week’s TRANSFORMERS: LEGENDS Dark Cybertron episode can also download a special issue of the Dark Cybertron comic book for free via the game. The limited release comic chronicles the latest developments in the battle between the Autobots and Decepticons from the fan-favorite series.
Save on Action Figures
Completing the TRANSFORMERS fan experience, HasbroToyShop.com is offering a 15 percent off discount from Feb. 5-11, 2014 on select TRANSFORMERS GENERATIONS action figures featured in the Dark Cybertron storyline: Transformers Generations 30th Anniversary Deluxe Class Autobot Scoop Figure (SKU #A5780), Transformers Generations 30th Anniversary Deluxe Class Mini-Con Assault Team Figure (SKU #A5779), Transformers Generations 30th Anniversary Deluxe Class Skywarp Figure (SKU #A5778) and the Transformers Generations 30th Anniversary Deluxe Class Armada Starscream Figure (SKU #A5777). To purchase the discounted action figures, please visit: www.HasbroToyShop.com/tflegends15
Assets for the TRANSFORMERS: LEGENDS Dark Cybertron in-game episode, the Dark Cybertron comic, and images of select TRANSFORMERS action figures on sale can be downloaded via this link: http://moba.ge/DarkCybertron
DeNA (pronounced "D-N-A") is a global leader of developing and operating mobile services including free-to-play games, the Mobage social games platform, e-commerce and other online offerings. Founded in 1999, DeNA is headquartered in Tokyo with offices and game development studios across the globe. DeNA Co., Ltd. is listed on the Tokyo Stock Exchange (2432). For more information, visit: http://www.dena.com
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 markets 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.
Hello Transformers Fans!
You just saw the “Transformers: Age of Extinction” Big Game trailer, now own the first figure available from the new movie inspired action figure line from Hasbro exclusively through Amazon.com's Transformers Headquarters shop---the Transformers First Edition Optimus Prime!
HASBRO UNVEILS TRANSFORMERS: AGE OF EXTINCTION FIRST EDITION OPTIMUS PRIME FIGURE
The First Figure Based On Upcoming Movie Available on Amazon Immediately Following Big Game Trailer
PAWTUCKET, R.I. – February 2, 2014 – In celebration of the TRANSFORMERS: AGE OF EXTINCTION Big Game trailer, Hasbro and Amazon have teamed up to offer the first official merchandise inspired by the movie. The “TRANSFORMERS Headquarters Shop” is now live on Amazon.com in the U.S. featuring the first action figure available for purchase from Hasbro’s new TRANSFORMERS: AGE OF EXTINCTION action figure line.
Fans eager to own the first official merchandise inspired by TRANSFORMERS: AGE OF EXTINCTION can now order the TRANSFORMERS FIRST EDITION OPTIMUS PRIME action figure exclusively on Amazon.com before the broader toy line becomes available in May. The TRANSFORMERS FIRST EDITION OPTIMUS PRIME figure converts from robot to vehicle, features all new deco including metallic embellishes, rubber tires and is styled in the character’s new look as he will appear in TRANSFORMERS: AGE OF EXTINCTION. Additional features and accessories include an impressive new sword and shield. The TRANSFORMERS: AGE OF EXTINCTION FIRST EDITION OPTIMUS PRIME figure is also the #14 item in the numbered line of “Thrilling 30” action figures celebrating the 30th anniversary of the TRANSFORMERS brand in 2014. Fans can visit http://www.amazon.com/transformershq now to view and purchase the figure while supplies last.
To keep up with the latest TRANSFORMERS brand news, fans can also visit the TRANSFORMER brand Facebook page at http://www.Facebook.com/TRANSFORMERS.
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