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Hasbro Trademark Rights Upheld in Criminal Case Involving Counterfeit TRANSFORMERS Products in China
December 20, 2018
PAWTUCKET, R.I.—December 20, 2018-- The Chinese court in Dongguan city of Guangdong Province has issued a judgment favorable to Hasbro, Inc. (NASDAQ: HAS) in a criminal case involving counterfeit TRANSFORMERS products.
Hasbro initiated an administrative raid action in 2017, which was transferred to the Public Security Bureau (PSB) due to the volume of counterfeit product and seriousness of the case. After a thorough investigation, three separate defendants, including two individuals and one corporate defendant, were found guilty of counterfeiting Hasbro’s trademarks and fined by the court, and the two individuals were sentenced to jail time. Thousands of counterfeit TRANSFORMERS products were confiscated and destroyed.
With strong support from various Chinese authorities, Hasbro has initiated many actions to enforce its intellectual property rights in China, and this is the latest of several criminal judgments involving counterfeit Hasbro products issued by Chinese courts in recent years.
“We take the protection of our intellectual property very seriously, and we will continue to investigate and pursue those who infringe on our rights,” said Tarrant Sibley, Hasbro’s Chief Legal Officer. “We are pleased with the ruling in this case, and will continue to vigorously enforce our intellectual property rights to combat the manufacturing and distribution of counterfeit products.”
About Hasbro
Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World's Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands, including NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE and MAGIC: THE GATHERING, as well as premier partner brands. Through its entertainment labels, Allspark Pictures and Allspark Animation, the Company is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for children and their families through corporate social responsibility and philanthropy. Hasbro ranked No. 5 on the 2018 100 Best Corporate Citizens list by CR Magazine, and has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past seven years. Learn more at http://www.hasbro.com, and follow us on Twitter (@Hasbro) and Instagram (@Hasbro).
Leonardo wrote:Take your lips off my pipe!
-Kanrabat- wrote:I have mixed feelings on this.
I rejoice because we may finally see a stop to all those "reissues" that try to pass as legit on Ebay. Anime figures are plagued by this as well.![]()
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I find it sad because it will put an end to all those ultra modified and improved KOs such as the Wei Jiang ones.![]()
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And I fear that the entire 3P industry, who have their own molds and own designs, may get hit next.![]()
Ironhidensh wrote:The only way to win a “war” on KO makers, is for hastak to not be so greedy with their prices. They’ll win a few battles, and take a few players off the board, but as long as they are pricing the average collector out of the market, or not providing what is wanted, another company will always come and fill the vacancy.
william-james88 wrote:If ever Sabrblade decides to go on vacation, I am glad to know we can rely on you.
ZeroWolf wrote:@Ironhideish the only way to get hasbro to stop being greedy is if Shareholders do something but considering they are the ones who are the constant drive for profit...We're never going to get to that point.
Remember this news is only affecting KOs who are deliberately using trademarks, 3P are unaffected by this and will continue to do so. In essence the 3p biggest threat isn't hasbro anyway, but other 3p companies and companies who make kos of their products.
ZeldaTheSwordsman wrote:Yeah, this is more to do with stuff that outright copies Hasbro's own products. Especially things like the high-end counterfeit G1s that were obviously made with the intent of passing themselves off as the genuine article.
ZeroWolf wrote:Remember this news is only affecting KOs who are deliberately using trademarks, 3P are unaffected by this and will continue to do so.
ZeldaTheSwordsman wrote:News flash: The 3P stuff isn't going to be any nicer to your wallet than official TFs. A lot of it is in fact going to be pricier. Yes, even compared to some of the bonkers eBay prices.
Leonardo wrote:Take your lips off my pipe!
ZeldaTheSwordsman wrote:News flash: The 3P stuff isn't going to be any nicer to your wallet than official TFs. A lot of it is in fact going to be pricier. Yes, even compared to some of the bonkers eBay prices.
-Kanrabat- wrote:ZeldaTheSwordsman wrote:News flash: The 3P stuff isn't going to be any nicer to your wallet than official TFs. A lot of it is in fact going to be pricier. Yes, even compared to some of the bonkers eBay prices.
Any 3P collectors are already aware of this. The real complains from the "cheap" collectors are for the MP KO's that were an alternative to HasTak's. Especially now that MP prices are going through the roof.
Dat 600$ Optimus...
ZeroWolf wrote:-Kanrabat- wrote:ZeldaTheSwordsman wrote:News flash: The 3P stuff isn't going to be any nicer to your wallet than official TFs. A lot of it is in fact going to be pricier. Yes, even compared to some of the bonkers eBay prices.
Any 3P collectors are already aware of this. The real complains from the "cheap" collectors are for the MP KO's that were an alternative to HasTak's. Especially now that MP prices are going through the roof.
Dat 600$ Optimus...
It will interesting to see how well that sells, and what production run it has.
Leonardo wrote:Take your lips off my pipe!
Ironhidensh wrote:ZeldaTheSwordsman wrote:News flash: The 3P stuff isn't going to be any nicer to your wallet than official TFs. A lot of it is in fact going to be pricier. Yes, even compared to some of the bonkers eBay prices.
False. That may have been true at the beginning, but Takara has raised their prices substantially, while the 3rd party market has stayed level. At least on the Masterpiece end, which is what I collect.
ZeldaTheSwordsman wrote:Ironhidensh wrote:ZeldaTheSwordsman wrote:News flash: The 3P stuff isn't going to be any nicer to your wallet than official TFs. A lot of it is in fact going to be pricier. Yes, even compared to some of the bonkers eBay prices.
False. That may have been true at the beginning, but Takara has raised their prices substantially, while the 3rd party market has stayed level. At least on the Masterpiece end, which is what I collect.
I'm talking more pseudo-Classics stuff.
Aimless Misfire wrote:ZeroWolf wrote:Remember this news is only affecting KOs who are deliberately using trademarks, 3P are unaffected by this and will continue to do so.
That's good to know because I'm very close to finishing my Combiner Wars collection & my plan is to drop Hasbro/Takara & move to 3rd party. Hasbro has made collecting their products a total nightmare. Collecting the Prime Wars Trilogy has been so freakin difficult. Horrible distribution, even worse QC problems, too many exclusives, ridiculous ebay prices & the whole Quickslinger/Alpha Bravo Break-Neck/
Off-Road stupidity. Also the tiny combiner feet & ridiculously huge Devastator & Predaking that don't fit with the rest of the collection. And they don't bother making characters they should like combiner limbs of Sideswipe, Hoist, Red Alert, Tracks or Grapple. And the Botcon & collector club combiners that nobody can ****ing afford.
Looking back at the Prime Wars Trilogy I'm questioning my sanity for trying to collect it. No more Hasbro or Takara for me. F*** that S#!t!
Leonardo wrote:Take your lips off my pipe!
Ironhidensh wrote:Considering the history of such topics, I think this thread is being remarkably civil.
ZeldaTheSwordsman wrote:Ironhidensh wrote:Considering the history of such topics, I think this thread is being remarkably civil.
Well yeah, it's not full of people chanting "Hasbro is the devil" and worse like I sometimes see. But it still seems to be hoovering up people's attention big-time
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