Back to Hasbro’s vision, the article states that it will shift its funds into financing video games. Chris Cocks happens to come from Microsoft and he brought over that tech angle as a way to ensure Hasbro’s future, along with it’s brands. We’ll see if this means a new Transformers game is in the works.
Below is a link to the Bloomberg article along with the relevant quotes:
https://www.bloomberg.com/news/articles ... m-business
Movies Hasbro co-financed, including the recent Transformers One and Dungeons & Dragons: Honor Among Thieves, received critical praise but underperformed at the box office. Last year, the company sold off most of its film and TV business, and longtime rival Mattel Inc. passed the company in annual sales.
While studios such as Sony Group Corp. and Lions Gate Entertainment Corp. will continue to make movies based on the company’s products, Hasbro itself won’t co-finance the films. It’s part of a larger strategy to invest more in video and other games, which are popular with kids and adults, and have been taking a greater share of consumers’ leisure time.
“We want to reach fans where they want to play, and increasingly that is through digital expressions of their favorite brands,” Cocks said.
