Hasbro Denies Rumor that they are in Negotiations with Disney

Transformers News: Hasbro Denies Rumor that they are in Negotiations with Disney

Wednesday, November 7th, 2012 8:50AM CST

Categories: Rumors, Company News
Posted by: El Duque   Views: 87,217

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The rumor mill was sent into overdrive earlier this week when MTV Geek reported a rumor that Disney was looking into purchasing Hasbro. This coming shortly after Disney shocked the entertainment world with their 4.05 billion dollar acquisition of Lucasfilm. This prompted CNBC's David Faber to contact Hasbro for confirmation or denial. According to Hasbro's advisors there is nothing going on between Hasbro and Disney. See below:

Source: Providence Journal


Providence Journal wrote:Stock in the Pawtucket-based toymaker (HAS:Nasdaq) spiked 6.8 percent to $38.66 at the opening bell amid speculation that Disney (DIS:NYSE) was preparing a multi-billion dollar bid for Hasbro.

Hasbro declined comment, citing its policy of not talking about rumor or speculation. CNBC analyst David Faber reported that Hasbro's advisors told him there's "absolutely nothing going on that they are aware of at all, in any way, shape or form" involving Hasbro or Disney.
Wall Street analysts said a Disney acquisition didn't make much sense, just after Disney agreed to buy Lucasfilm Ltd. for $4.05 billion. And for any deal to happen, Hasbro would have to dissolve agreements with Disney's competitors.
Credit(s): Providence Journal, Sabrblade
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Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437919)
Posted by Nyancatron on November 7th, 2012 @ 9:48am CST
YAY, Hasbro gets to not be homogenized goo!

:BOWDOWN:
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437923)
Posted by Doubledealer93 on November 7th, 2012 @ 9:54am CST
THANK THE ALL SPARK!!! :BOWDOWN:
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437930)
Posted by PrymeStriker on November 7th, 2012 @ 10:07am CST
Doubledealer93 wrote:THANK THE ALL SPARK!!! :BOWDOWN:


Stop stealing mah quotes, for goodness sake!

PrymeStriker wrote:Thank the AllSpark!
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437932)
Posted by mattwhite924 on November 7th, 2012 @ 10:08am CST
Maybe someday a deal like this would be good, but not right now.
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437940)
Posted by Mindmaster on November 7th, 2012 @ 10:57am CST
When they mentioned that they'd have to cut relations with Disney's competitors, it makes much more sense against its presumed integration with Disney. Kinda glad it wasn't going to happen. Could't stand the fact my hobby was owned by the Mouse. :BANG_HEAD:
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437950)
Posted by dj kid prophet on November 7th, 2012 @ 11:48am CST
Thought y'all might find this interesting:) http://www.bigbadtoystore.com/bbts/prod ... ode=retail
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437966)
Posted by Mkall on November 7th, 2012 @ 12:59pm CST
I was kind of hoping this would be true, which would mean more money and production quality for the figures we love. Oh well.

I guess 3rd Parties can stop worrying for now.
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437970)
Posted by Manterax Prime on November 7th, 2012 @ 1:24pm CST
dj kid prophet wrote:Thought y'all might find this interesting:) http://www.bigbadtoystore.com/bbts/prod ... ode=retail


Saw that a couple days ago. It really shouldn't work.....but it does for some reason.
Also, you do realize this is Bandai's way of bringing Disney into the world of Super Sentai kinda like how Takara did the Disney Label transformers. This is basically a Disney label megazord.
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437971)
Posted by dj kid prophet on November 7th, 2012 @ 1:26pm CST
I know, right? Lol.
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437977)
Posted by kirbenvost on November 7th, 2012 @ 1:45pm CST
KUMA-NIN Maximus wrote:
Besides, you also forgot to mention that Squaresoft went bankrupt because they put a huge sum of money building Square Pictures and watched their first (and only) movie go bust. Yet, Enix was doing great with their publications and made enough to purchase their former rival, prior to making it be a merger. That, and it is going strong despite having a partnership with Disney. ;)



Ah yes, I did neglect to mention that, but it was one of the driving forces behind the changeup of staff at Squaresoft. I suppose it did also very much put them in a position to be taken over by Enix.

FellintoOblivion wrote:
As someone who lives in Orlando let me point two things out:

1. Disney already sells Transformer toys in at least 2 locations (Japan inside Epcot and at Downtown Disney) so I doubt they have a problem with the guns and "violence" of Transformers.


:shock: Where? I saw what they had at Epcot but couldn't find anything at Downtown Disney last time I was there.

Nyancatron wrote:YAY, Hasbro gets to not be homogenized goo!

:BOWDOWN:


And continue sucking, sadly. :P

Handels-Messerschmitt wrote:
Seibertron wrote:This doesn't make a whole lot of sense. It is still a choice.


The choice between employment and unemployment isn't really much of a choice when the latter means unmanageable financial insecurity for you and your family. Freelancing in creative work isn't the most stable thing one can do, either.

Seibertron wrote:Companies are in business to make money. That's not evil. That's not wrong. It's just how it works in a capitalist society.


The unchallenged assumption here is that "just how it works in a capitalist society" is desirable. Systemic exploitation of others, no matter how necessary it is for the survival of the company that does it, is not good.


The point he's trying to make is that these employees were paid wages for their work, and that standard practice in the industry is that the artists do not retain the rights for projects they worked on. They were compensated for their work and have no right to be demanding royalties. When you work for a company you sign a contract entailing the terms of your employment, and if you don't agree with its contents, it's your own fault for signing it without paying attention. The only way Disney would be at fault is if they agreed that royalties would be paid and then went back on that agreement. The whole argument of 'They were under pressure to work for Disney' is invalid. Everyone has a choice to work for the type of company they want to work for. If they didn't like the way Disney does things, they could have found employment elsewhere.
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437987)
Posted by Sabrblade on November 7th, 2012 @ 2:04pm CST
kirbenvost wrote: :shock: Where? I saw what they had at Epcot but couldn't find anything at Downtown Disney last time I was there.
Inside the largest room of the "Once Upon a Toy" store. They've had TFs for sale in that room as far back as Beast Machines (Beast Wars toys were sold in another location of the park back when those were for sale). :)
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1437992)
Posted by Bumbleshot on November 7th, 2012 @ 2:24pm CST
Thank Primus.. -.-
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438006)
Posted by NTESHFT on November 7th, 2012 @ 3:01pm CST
Mkall wrote:I was kind of hoping this would be true, which would mean more money and production quality for the figures we love. Oh well.

I guess 3rd Parties can stop worrying for now.



This was what I was thinking too. As you said, oh well. Third party guys rejoice. You'll be getting more of my money.....
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438016)
Posted by EagleBot13 on November 7th, 2012 @ 3:39pm CST
May I point out there policy of not talking about rumors.
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438018)
Posted by KNM2012 on November 7th, 2012 @ 3:57pm CST
Nyancatron wrote:YAY, Hasbro gets to not be homogenized goo!

:BOWDOWN:


Yes, it will not be the logic behind your hatred. :lol:

And besides, if you found out what the conditions at some of Hasbro's former factories, you would have probably preferred Disney buying them out - As they would have made sure that all or any factories in China (and not the United States) would have been void of inhumane issues. >:oP
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438022)
Posted by kirbenvost on November 7th, 2012 @ 4:11pm CST
^I know, right?

>:oP

Sabrblade wrote:
kirbenvost wrote: :shock: Where? I saw what they had at Epcot but couldn't find anything at Downtown Disney last time I was there.
Inside the largest room of the "Once Upon a Toy" store. They've had TFs for sale in that room as far back as Beast Machines (Beast Wars toys were sold in another location of the park back when those were for sale). :)


I think I went in that store too! Must've missed it. #-o Ah well, next time I'll look harder!
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438041)
Posted by XDMan on November 7th, 2012 @ 5:48pm CST
Thank Primus it is forbidden (insert Prime laughing at a crying Mickey).
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438046)
Posted by MegaDump on November 7th, 2012 @ 6:00pm CST
KUMA-NIN Maximus wrote:

"And besides, if you found out what the conditions at some of Hasbro's former factories, you would have probably preferred Disney buying them out - As they would have made sure that all or any factories in China (and not the United States) would have been void of inhumane issues."

The fact that I can't find me an MP-10 Masterpiece Prime anywhere is downright INHUMANE! Those kids need to get back to work so I can adorn my display case
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438047)
Posted by Fires_Of_Inferno on November 7th, 2012 @ 6:03pm CST
You know, when I first read the rumor I was vomiting all my sphincters in rage at the prospect of Disney owning Hasbro. The chance that all future Transformers series might be as horrid as Animated (which Hasbro inflicted upon themselves) made my intestines wrench in my brain. Then I got to thinking about how much would something like that actually change the company.

Looking at Marvel, which is flourishing right now (not because they were bought by Disney of course), there's really nothing different about how they do things or what they produce. Deadpool still kills people and gets parts of him exploded off, Tony Stark still has a drinking problem, and The Avengers was (so I hear) an excellent movie.

Disney isn't stupid enough to completely change a company they buy out when it's already doing well for it's self. In fact, they could only benefit it because of the extra funding Disney could provide for the company. In the case of Transformers, we would see a sharp increase in the quality (or at least the size) of the toys. We might see a Disney reference in an episode or a comic or movie or something, but Disney hasn't been around for so long by doing stupid things like replacing major characters of acquired franchises with Goofy.

With these thoughts in mind, I quickly (within a day) came to terms with the idea that this might happen. The thought still made my throat prolapse a little, but all my pieces remained internal. Now that this rumor has been debunked, I can swallow again. However, now the possibility of this purchase is in their minds...

*urp*
Re: Hasbro Denies Rumor that they are in Negotiations with Disney (1438053)
Posted by Burn on November 7th, 2012 @ 6:23pm CST
Fires_Of_Inferno wrote:Deadpool still kills people and gets parts of him exploded off,


I've yet to read todays issue but last I checked, main line Deadpool didn't have his healing factor so is trying to avoid getting parts blown off.

[quote]Tony Stark still has a drinking problem[/quote]

That was just exaggerated by Justine Hammer and The Mandarin. Plus he's found his spiritual side now.

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