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The Transformers and Religion

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Views: 68,219

Written by Dr Spengler

"I am Alpha and Omega, the Beginning and the End."

The Transformers, whether they be Autobots, Decepticons, Maximals or Predacons, are a race of living, thinking, intelligent creatures. And all sociologists and philosophy majors agree that every intelligent race of beings must have a religion of some sort. Cybertronians are no different. Though the Transformers were constructed by tangible hands, that does not exclude them from creating their own religion historically documenting the birth of their world and their people. But being machines, their religion borders more on the mathematical than the supernatural.

As the Transformer universe expanded and grew so did the aspects of their religion. But let’s start with Generation 1. There isn’t much that can be said when the show began. All we were told was that they were mechanical creatures from another planet. As the series progressed the viewers became educated on the roots of their culture, much of which was still a mystery even to the Transformers themselves. In "A Prime Problem" Megatron wonders if Optimus Prime’s "Laser Core" has been extinguished. While most viewers shirked that statement off as the usual techno-babble the show was famous for, it would play a key part in the future of the Transformers. Apparently the Laser Core is the central life function of the Cybertronian. This idea was imported later in Beast Wars where the Laser Core became known as the "Spark", or soul of the Transformer.

Later on in the series we were introduced to Vector Sigma, the supercomputer which gave every Transformer life. In its first appearance during the "Key to Vector Sigma" two-parter, it was looked at as almost a legend or a myth. That was proved wrong when it was encountered by Megatron and spoke the famous words "I am Vector Sigma. Before Cybertron was, I was." Megatron then used Vector Sigma to give intelligent life to the Stunticons. So it was revealed there that Vector Sigma gave birth to the entire Transformer race. But that leaves the viewer to wonder exactly where Vector Sigma came from and how it could exist before the entire planet Cybertron ever did?

The answer to those inquiries not even the Cybertronians knew at the time, thus leaving their religion with the essence of mystery that every culture needs. However, these questions were answered when season 3 of the series came around. It was revealed that a race of interplanetary merchants called the Quintessons came to a small planet, exterminated all organic life on it and built it into a factory. A factory to produce robot warriors (Decepticons) and robot slaves (Autobots). The source of all the robots being built was Vector Sigma, the supercomputer which produced them. Vector Sigma eventually gave them all intelligence and freewill which allowed them to break free from the Quintessons. But how exactly did Vector Sigma create life and where did the Sparks or Laser Cores come from?

The answer to that wouldn’t come until Beast Machines, the finale of the original Transformer universe. In Beast Machines Vector Sigma was also called the Oracle and contacted Optimus Primal frequently. It was revealed that Vector Sigma was nothing more than a gateway. A gateway to the Matrix Zone. The Matrix Zone is the place where all Transformer sparks originate and eventually return to when they die. This is what the phrase "’Til all are one" refers to. In Beast Wars Rhinox travels to the Matrix Zone via a transwarp rift in order to retrieve the spark of Optimus Primal. Upon his return in "Coming of the Fuzors part 2" he says that he has gone to "a place where all are one". So basically the Matrix Zone is very similar to the idea of Nirvana in Hindu religions; place where all souls eventually unite to form a single being. Now did the Quintessons create the Matrix Zone or just find some way to tap into it? This is a question that has so far gone unanswered.

So this leaves us asking the question "If the Matrix Zone is where all Transformer Sparks come from then what is the Matrix of Leadership?" That’s an easy one. The Matrix of Leadership is a device that connects the Supreme Commander with Vector Sigma and ultimately the Matrix Zone. This allows the Supreme Commander to safely journey into the Matrix Zone and seek wisdom from long-dead Transformers. It also allows him to use Vector Sigma to create new warriors if they are so needed. That’s where the idea of the Creation Matrix comes from. In "SOS Dinobots" Optimus Prime had the Dinobots built on Earth and then used the power of the Matrix to give them sentient life through Vector Sigma. In "The Key to Vector Sigma" Megatron did not have a Matrix of Leadership and therefor could not create new warriors on Earth (this would also explain why there are so many more Autobots than there are Decepticons). So in order to increase his army and give life to new warriors he actually had to travel to Vector Sigma itself.

The Matrix of Leadership is also a powerful weapon. When opened it can do a number of things. In Transformers the Movie it has the power to destroy the planet-sized being known as Unicron. However, it is not always a weapon of destruction. In the season 3 finale "The Return of Optimus Prime" a hate plague has crossed over the galaxy and infected nearly every living creature. Optimus Prime opens the Matrix but rather than using its destructive capabilities he unleashes the wisdom within it. This destroys the plague, curing the galaxy. However, in the process it seemed to the have damaged the Matrix. In Transformers: Headmasters the Matrix is shown being repaired and "recharged" (though in all likelihood it "recharged" itself once the repairs to its structure were made).

In the much later shows, Beast Wars II and Beast Wars Neo, times have changed. There is more than one Matrix of Leadership. Having found "peace", the Maximals (formerly Autobots) shared the technology of the Matrix of Leadership with the Predacons (formerly Decepticons). This allowed for the Predacons to construct a Matrix of Leadership and give it to Galvatron (not to be confused with the original Galvatron). In fact, at one point three Matrixes of Leadership existed at once. One for Optimus Primal, one for Lio Convoy and one for Galvatron. In Beast Wars II: the Movie we are shown what happens when the power of two Matrixes is used in unison. It creates a "Double Matrix Blast" that has enough force to destroy a mountain (or maybe just Majin Zarak). The Maximal Elders (Convoy Council in Japan) distribute the Matrixes of Leadership to selected Supreme Commanders. The Tripredacus Council (Trypticon Council in Japan) does this as well, distributing Matrixes of Leadership to selected Emperors of Destruction. The Matrix of Leadership allows the user to speak with Vector Sigma or, as seen in Beast Wars Neo, allows Vector Sigma to speak through the user. Repeatedly Vector Sigma gave words of hope and wisdom to the Maximal warriors using Big Convoy.

In fact, in Beast Wars Neo we discover that Vector Sigma is viewed as a God to the Cybertronian race, both Predacons and Maximals. A monument displaying Vector Sigma was constructed on the planet allowing it to shine brightly and spread hope to all who see it. Unfortunately, this made it an easier target for Unicron, who used his astral form to possess Vector Sigma and the planet Cybertron as well. However, this did not give him power over the Matrix Zone. So using his Matrix of Leadership to power his Big Cannon (turning it into the Matrix Buster), Big Convoy was able to destroy Unicron and free Vector Sigma. While Vector Sigma may be effected by physical acts, the Matrix Zone cannot be harmed. In Transformers: Headmasters the Decepticons plant explosives all around Vector Sigma and destroy it. The act also causes Cybertron to fall apart (not to be rebuilt until the 300 year peace-time before Beast Wars). While Vector Sigma may have been briefly destroyed, the Matrix Zone remained unharmed. What was never explained, though, was how the Transformers built another Vector Sigma when they rebuilt Cybertron.

The religion of the Transformers is even documented in their own "bible" called the Book of Primus. In the Beast Wars episode "the Nemesis" Megatron reads allowed scripture from the Book of Primus foretelling not only the past of their race, but its future as well (Revelations, perhaps?). The character of Primus also plays a rather large part in the Marvel Comics version of the Transformers origin and religion. However, the character is not fleshed out in the tv series.

So as you can see, for a "kid’s show" the Transformers have a rich history, culture and yes, religion. I don’t think the Go-bots came anywhere near all of this.

The Mystery of Ultra Magnus

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Article written by KingMob

Ultra Magnus is one of the most popular characters from Generation 1, and while he survived the run of the American cartoon series, his fate in the other main Transformer media of the time is somewhat less than cheerful. While his demise at the hands of Sixshot in the Japanese cartoon is well-known and may even be considered as a dignified end for the character, the comic continuity dealt with him in a considerably less-than-heroic way.

For a start, Ultra Magnus never appeared in the conventional US comic run at all. His last on-page appearance in the UK comics was in #205, more than 100 issues before the title was cancelled, but this was the Ultra Magnus of 2009; the last narrative appearance of the present version of Ultra Magnus was in issue 171. Then he simply vanished, never to be seen again.

It was an incongruous decision to ‘disappear’ Magnus, because the character had been such a huge part of the storylines of the preceding 90-odd issues. After the death of Optimus Prime (UK#106), Magnus’s role was elevated to that of leading man, the heroic ‘role model’ character. Simon Furman would no doubt have preferred to use Grimlock in this role, but unfortunately for him his favourite character was off-limits for this purpose, thanks to the US portrayal of him at the time as the semi-tyrannical ‘bad’ Autobot leader. Ultra Magnus was the next logical choice, and provided the readers with some of the best storylines of the year, including the fantastic ‘City of Fear’. However, Optimus Prime’s scheduled return meant the Magnus needed to be sidelined. Instead of writing a conclusion for the character, Furman just left him on Cybertron (in the company of the Sparkler Mini-Bots) presumably with the intention of returning to the character, as Magnus was important not just to the fan community; he was important for the validity of the ‘future universe’ stories that Furman enjoyed writing, where he was a major player. But this never happened.

What is more worrying is that Magnus was never seen or mentioned again at all in the present narrative. His absence during the Unicron Saga is especially jarring, particularly during the sequence where the Heralds of Unicron attack Autobase. The combat abilities of Ultra Magnus are practically revered by Emirate Xaaron and colleagues; Operation Volcano and the Wreckers’ first attempted termination of Galvatron both initially depend on his presence. It is markedly odd not to at least see Magnus during the Autobase defence (UK#315); but Furman resorts to having the Z-list character Quickmix act as Emirate Xaaron’s military advisor (a post normally held by capable fan-favourites like Impactor, Magnus and Springer). Then, Magnus is specifically excluded from the character roll-call after Primus transports all the Transformers from Earth to Cybertron (UK #317). Again, Furman goes one step further and has the Cybertronian Autobots personalised by a minor character, namely Backstreet. Finally, it is inconceivable that Ultra Magnus would not seek out his friend and mentor Optimus Prime, after Prime was publicly named leader of the Transformer race by Primus. Therefore, it is pretty safe to assume that Magnus wasn’t just being sidelined or ignored; he wasn’t even there at all. It is also important to note that no-one even mentions him during this crisis, or in any of the 100+ previous issues. To step into the real world, it is also worth noting that Furman was ignoring the US editorial decision to exclude many of the Movie/3rd season only characters at this point; Galvatron being the obvious example of this. So, there was no ‘official’ reason for Magnus to be ignored.

So, just what happened to Ultra Magnus? The possibilities are thus:

A) He was present on Cybertron the entire time, we just didn’t see him during the Unicron War, the aftermath, or the events on Klo and Hydrus 4. He would need to have spent the entirety of Generation 2 on Cybertron.
B) He left Cybertron at some point before the Unicron War and never returned until after the events of Generation 2.
C) He was wiped from reality/existence during the Time War.
D) Simon Furman forgot all about him.

A is highly unlikely due to the reasons outlined above. Magnus should have been defending Autobase, he should have been chosen as the visual representative of the Cybertronian Autobots; his stature would demand at least one panel of him fighting in the Unicron War, like Jazz and Hot Rod. Similarly, if he were to die, we would have to see it. Basically, it is beyond belief to claim that he was present but always off-panel.

B is a possibility, but there is absolutely no evidence for it other than the similar absence of the Sparkler Mini-Bots, Ultra Magnus’s seeming cheerleader squad who followed him around for the last 20 issues of his present narrative appearance. They were used as a kind of ‘special mission’ unit by Xaaron (rescue Magnus, locate Chameleon) and their disappearance is synonymous with that of Ultra Magnus. It is therefore conceivable that the Sparklers and Magnus were sent away on a special mission by Emirate Xaaron himself. This would explain why Xaaron was not accompanied by Magnus; presumably Prime would also know of this mission. The rest, though hard to believe, then falls into place. As entertaining as this theory is, it is far from satisfying, mainly because it is bizarre that Magnus would be gone for so long and that no-one mentions him. Worse, such an event would surely have made excellent material for a potential story; Furman would have at least set up some plot markers pointing to it.

C is my personal favourite, a theory absolutely water-tight apart from one panel of primary evidence in UK 205. In this theory, I put forth the notion that the body of the Ultra Magnus of 2009 – lying shattered on the ground after being gutted by the Horrorcons – is one of the bodies that is sucked up by the Time Rift when it finally manifests. The Rift erases everything that is sucked into it from reality, from existence itself, changing the timelines to compensate for this as it happens. This is the perfect explanation for the disappearance of the present narrative Ultra Magnus. It explains where he goes (he literally does vanish), it explains why no-one else ever mentions him (they don’t remember him because he never existed and the timeline-alteration has changed the past to compensate) and it explains why we don’t see him ever again (yep, still non-existent). With a stretch, one can even explain away the absence of the Sparklers; they are such low-grade characters they could actually be on Cybertron etc and we just weren’t shown them. Or they could even have been caught up in the reality-effect that removed present-day Ultra Magnus. However, this theory is torpedoed by one panel on the last page of UK 205, in which one can just barely make out the figures of Kup, Blurr, Arcee and Red Alert gathering up the inert body of Ultra Magnus after the Rift has been sealed. This panel therefore negates the entire theory, although it should be noted that without it the theory is perfect. Magnus is never seen again in the future storylines either, despite the fact that his body is presumably taken back to the future by his comrades, and that Rodimus Prime can revive him using the power of the Matrix. All I can offer to validate this theory is to either consider the offending panel an art error, or that the re-organisation of the timelines which follow the Time War and create the ‘dark future’ seen in the UK stories (different to the ‘dark future’ shown in the US issue 67) also erase Ultra Magnus from existence. This is merely conjecture, however.

D is therefore the most likely, I’m afraid. Ultra Magnus was no longer a popular toy by 1991, the cartoon had long been cancelled, and no-one was clamouring for his return. Furman was under pressure, writing both US and UK stories and facing the potential cancellation of his title. What with juggling heavyweights such as Prime, Galvatron, Grimlock, and Scorponok, not to mention the whole Unicron thing, there was just no time or room for Ultra Magnus, a relatively forgotten about character at the time.

For my part, I think it was a great shame that Ultra Magnus was forgotten about, especially as his lack of appearances in the comic helped decrease his popularity with the readers. Ultra Magnus is a truly heroic character with a complex personality worthy of respect, and his disappearance took away one of the few strongly humanist characters in the book; the person with the most similar character traits left was probably Scorponok! I also think the Transformers story as a whole lost something when Magnus vanished; the drift towards very action-orientated characters and plots started around the same time as he was removed. While this is not to be considered a bad thing, it would have been enjoyable to have had a cerebral action hero of Ultra Magnus's calibre involved.

A Prime Problem

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Views: 45,736

Written by DrSpengler

"Is Convoy the same as Convoy?"

All those who have seen the Japanese dub of Beast Wars have at one point wondered if Beast Wars Convoy (Optimus Primal) is the same character as the original Convoy (Optimus Prime). Now we all know that in America they are two distinctly different characters. It is even specifically noted in Beast Machines that Optimus Primal is a descendant of Optimus Prime’s. But what about the Japanese interpretation of the character?

Well, that’s a tough one. When the cartoon was imported to Japan future key plot elements were not sent with it. Mainframe neglected to mention certain things which would ultimately have a HUGE effect on the storyline. For one thing, they didn’t mention that Airrazor and Tigatron would become romantically intertwined. Thus the Japanese writers didn’t think twice about making Airrazor a dude for toy sale reasons. The result was…disturbing. And then they also neglected to mention that the planet the Beast Senshi (Beast Warriors) crashed on was prehistoric Earth. So the planet got named "Enerogia" and the writer’s had to jump through some hoops to work out the plotholes when they discovered the truth. And of course, the biggest problem: the Ark. The original Convoy and Megatron showing up with the Beast Wars Convoy and Megatron caused some noticeable problems. Why?

Because originally they WERE the same character. If you’ve seen Beast Wars II: the Movie you’ve no doubt wondered why the Beast Senshi on Gaea are so awestruck at the presence of Convoy. They refer to him as "The Legendary Warrior". That’s because in Japanese continuity, following the events from the Japanese Generation 2 manga, Convoy and Megatron never died. That was the last time either of them were ever seen. So the writers decided to make the Beast Wars Convoy and Megatron the same as the genuine article. However, they were very ambiguous on the subject. They never actually SAID that Beast Wars Convoy is the same character as Generation 1 Convoy, only subtly implied it. That ambiguity, in the end, saved them. By never actually flat out saying they were the same characters they were able to keep things straight when they received season 2 and 3(Beast Wars Metals).

So in the end they were revealed to be only descendants of the original Megatron and Convoy. That made sense, actually, and helped give a good background to their rivalry. It also helped viewers understand why their voices sounded completely different (Beast Wars Megatron screamed like a girl and Beast Wars Convoy did an awful Tessho Genda impretion).

The biggest foe of Beast Wars in Japan was a total lack of communication. Mainframe simply didn’t provide them with adequate information. Knowing this, one can understand why Beast Machines never got imported out of the United States.

Were Megatron and Galvatron 2 separate characters in Japan?

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Written by DrSpengler

"So Megatron was Galvatron in Japan?"

Yeah, it’s true. From an American perspective the Japanese continuity is all sorts of crazy. And the internet hasn’t done much to help. With all kinds of whacky rumors or just completely fabricated BS, newcomers to the Japanese universe of the Transformers are more confused than anything else. Me? I have seen every episode of the Transformers (US or Japanese) and read every issue of the manga. There’s a lot of wild rumors and crap out there that needs to be set straight, so I’ll start with one of the biggest misconceptions American Transfans have about the Japanese continuity.

So Megatron and Galvatron are two completely different characters, right? Wrong.

Yeah, the Japanese continuity on this subject is REALLY confusing because…well, they WERE two completely different characters at first. Let’s start with Scramble City Toys (called Scramble City 2 by some). This was a stop-motion OVA released by Takara. It was a remake of the original animated Scramble City OVA and featured voice-overs from the original Japanese cast. Basically it was just a half-hour commercial promoting the toys. So what made it different from its animated counterpart? This one featured Galvatron. Actually, it featured Megatron ordering Galvatron around as if he were a subordinate. This is where the misconception begins. When Scramble City Toys was made the backgrounds of the newer characters had yet to be fully developed. Takara wasn’t sure how the Galvatron character was going to turn out but they wanted to market him as early as possible. While the original Scramble City takes place in Japanese continuity Scramble City Toys DOES NOT. It is merely a commercial. A really long commercial, but a commercial none-the-less.

And now you ask "But I’ve seen scans from the manga that shows Galvatron and Megatron side by side!". Calm down, Francine. Yeah, Comics Bon Bon did a lot of promo art for the toys. One shows Ultra Magnus and Galvatron duking it out on the shoulder of Metroflex (Metroplex in America) while Megatron watches in the back. Well, there’s an explanation for that too. Comics Bon Bon wasn’t given info on the characters when they did the art. They were just given the toys and told to make them look cool. How were they supposed to know? Even worse, when they began work on the 2010 manga for Terebi Magazine (TV Magazine) they were not told that Megatron and Galvatron were separate. As a result Megatron and Galvatron show up together. The artists and writers were quickly set straight afterward and, for lack of a better term, "pretended" that error never happened.

Yeah, it’s confusing. But if the Japanese can get over it so can we Americans

Now for the Movie. Yes, it takes place in exactly the same time as it does in the American continuity. Then why was it released in 1989 in Japan, you ask? Well, that’s a tough one. There is no definite answer as to why. Some say it was the fact that it financially BOMBED in the US, others say that the killing off of major characters would have negatively effected Japanese toy sales. But don’t think for a second that Japanese Transfans back in 1986 were left in the dark. Recaps of the movie’s events were in just about every shoujo magazine including Terebi Magazine (the official magazine for Transformers over in Japan). And don’t think that bootlegs never showed up there either. On top of that in the first episode of Transformers 2010 (season 3) there is a narrated recap explaining the events from the movie for the audience’s benefit.

And now comes the kicker, that stupid rumor that in the Transformers: the Battlestars manga Super Megatron is sent to kill Galvatron. I don’t know who dreamed that up but IT NEVER HAPPENED! Dark Nova resurrected Galvatron from the North Pole (where he got buried in Headmasters) and upgraded him into Super Megatron on the spot.

So there you have it. In Japanese continuity Megatron IS Galvatron. This is about as simplified as it gets. If you’re still confused ... well, I’m sorry.

Hasbro's San Diego Comicon Transformers Press Release

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SAN DIEGO--(BUSINESS WIRE)--

Hasbro Comes to Comic-Con with Exciting Toy Line, Comic Books, Cine-Manga(TM) and All-New Video Game

Hasbro's All-Star Brands Showcased at Licensing 2003 International

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Interview with Devil's Due

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On April 4th, 2003, SEIBERTRON.com had the honor of interviewing Josh Blaylock, the President of Devil's Due comic book studios and the writer and creative director for G.I.Joe. How does this all fit into the Transformers? Josh Blaylock is also the writer of the upcoming G.I.Joe versus the Transformers 6 part series which debuts this June. Josh was kind enough to stay late (on a Friday night of all things) for our interview. I was greeted upstairs and Josh promptly showed me around the Devil's Due studio. Shortly after, we sat down in his office, which is filled with G.I.Joe action figures (as you would expect) as well as some hot Transformers items like Hard Hero's statue busts and the recent Hasbro Optimus Prime reissue. Josh's office walls are decorated with a variety of posters, including that of Devil's Due's GIJoe/Autobot poster and Dreamwave's Cobra/Decepticon poster from last summer. Don't forget to swing by the SEIBERTRON.com Energon Pub message board to see Seibertron take on your questions in a Q&A session here. Josh looking through GIJoe vs Transformers #1     Josh w/ G.I.Joe & Autobot poster on wall     Art studio @ Devil's Due     Artist's drafting table, full view     Artist's drafting table, close up     G.I.Joe air battle (with posters)     Desk in studio     Josh (Devil's Due) and Ryan (SEIBERTRON.com)     Josh's G.I.Joe battle shelf!!!     Josh signed copies of G.I.Joe #1 and #6 for Ryan       SEIBERTRON.com: "What is the basic premise of the upcoming G.I.Joe versus the Transformers comic book series?"   Josh Blaylock: "The Transformers are still on the Ark who haven't awakened yet [from crashing on Earth]. There is no G.I.Joe; the Cobra organization is a lot younger than it is in the current series. [Cobra] is around yet the public is unaware. They have armies built up but they're just working behind the scenes. "Through information traded with a European arms dealer, who turns out to be Destro, [Cobra] finds the location of this alien spacecraft which is going to make a huge difference in their agenda and give them the ability to all of a sudden leap into having the power to take over the world. Maybe their goals were smaller before ... now they have the power to conquer the entire world!"   SEIBERTRON.com: "So this story takes place during the 1984 era?"   Josh Blaylock: "We're treating it as a more modern era. I'm not really going to address the time issue which will make it more timeless. The story will not state it's 1984 nor will it state it's 2003. I'm just going to let the reader decide. I think [the story's] pretty current."   SEIBERTRON.com: "What's happening in the promotional image we've seen where it looks like Cobra Commander and his troops are looking through a hole?"   Josh Blaylock: "Cobra Commander and the guards are cutting into the alien space craft, the Ark, which leads to Cobra investigating the entire ship."   SEIBERTRON.com: "How are you handling the Transformers in this storyline?"   Josh Blaylock: "Cobra Commander refers to them as "vessels" - each robot is a vessel of some sorts. He wants to find whatever remains they can of the aliens that piloted these things. No one has played that angle up [of Transformers being aliens]. We all know who they are and they're so much like us even though they're these big robots. These guys are aliens. If they landed here, I think the government would treat them that way. It's not just about the giant robot aspect. They're not these giant robots that we made. They're these bizarre alien creatures that have landed. Once the government found out about this, [the government] would see it as an alien invasion in a way."   SEIBERTRON.com: "I see Cobra Commander wearing the face shield helmet in this panel ..."   Josh Blaylock: "He's in battle. That was one of the questions I saw [on your site]. The hood is the more formal wear [for Cobra Commander]. It'll go back and forth [throughout this series]."   SEIBERTRON.com: "Do the Transformers realize what's going on but they're totally helpless to do anything about it?"   Josh Blaylock: "Everyone except Megatron is an automaton. Megatron is fully sentient and able to communicate but he can't transform. In the basic dialogue you'll get the hint of that. It will be played up more in the [second] issue. But don't worry about them staying that way - you'll see the Transformers' personas pop up soon enough, but I don't want to give too much away."   SEIBERTRON.com: "This series is 3 or 4 issues long?"   Josh Blaylock: "Six."   SEIBERTRON.com: "How far ahead do you work on upcoming issues?"   Josh Blaylock: "Right now, Mike Miller is working on the pencils for issue #2, I'll be working on the script for #3. Voltron hasn't even come out yet and Mike Norton [the artist of Voltron] is working on issue 3 and the writer's working on issue #5 just because we got a jump on it. "Ideally we would be five issues ahead. It just comes down to a matter of money, really, depending on how many projects you have going and how far ahead can you pay out artist salaries until revenue starts coming back in. Each project has to support itself that way."   SEIBERTRON.com: "Who is the first Transformer that Cobra begins having difficulties with?"   Josh Blaylock: "Cobra Commander starts having problems with one of the robots [who turns out to be] Optimus Prime [one of the HISS Tanks]. He's not really moving, he won't go forward with the plan of attack. They're combatting resistance from a lot of the robots who will [turn out to be] the Autobots. They resist hurting anyone and Prime's giving Cobra the most trouble. "Cobra Commander steps in personally [and has his troops] take care of the uncoming tanks and things while they get Prime out of there. That's when Snake Eyes is bravely shooting away at Starscream, who is nearby. Starscream's laser barrel takes a shot right at his head, grazing the side of Snake Eyes' face and that's when the new origin of how Snake Eyes gets disfigured is revealed!"   SEIBERTRON.com: "This really does set up an alternate universe both [G.I.Joe and the Transformers]?"   Josh Blaylock: "Yes"   SEIBERTRON.com: "What's the status of G.I.Joe's main characters? Where are they?"   Josh Blaylock: "Sgt Alison Burnett (Lady Jaye) is an intelligence operative who has been working with the CIA and the FBI to gather information on this Cobra organization. The government has known about [Cobra], they've been assessing the threat level, and no one could have imagined that something like this could have happened. Officer Fairborne (Flint) he’s one of the military’s main strategical planners. If there’s been a war or a big mission overseas somewhere in the last five years he’s probably involved in it. He’s just behind the scenes. And he is explaining that the government is going to form a task force to handle these guys. And it’s going to be the baddest, toughest, craziest members [the Armed Forces] has to offer called Codename: “G.I.Joe”."   SEIBERTRON.com: "How big are the original sheets of artwork?"   Josh Blaylock: "They're all 11"x17". Mike sends them or scans them to us."   SEIBERTRON.com: "Where is Mike Miller based out of? Do you guys fly back and forth or do you handle everything over the Internet?"   Josh Blaylock: "He's in Oregon. Everything is handled over the Internet and Fed Ex."   SEIBERTRON.com: "How is it Megatron and Cobra Commander can work together?"   Josh Blaylock: "They don't. They hate each other. I figure that would be the only way they would work together because each has their own separate agendas. Cobra Commander would see Megatron as a threat but at the same time he would recognize the benefits of taking advantage of this [alien] technology. Megatron looks at Cobra Commander and wonders what this guy has to offer? "I should watch this guy." It'll be a constant thing back and forth between them and who can get the upper hand. Megatron will obviously have something up his sleeve."   SEIBERTRON.com: "Do the Transformers who have not been taken by Cobra know who they are? (I'm looking at an image of 2 Autobots in vehicle mode on a city street)."   Josh Blaylock: "I can't tell you!"   SEIBERTRON.com: "It's interesting the take you have with this comic book series. In my mind, this is how the Transformers should have been handled from the get go - as aliens. It wasn't ..."   Josh Blaylock: "I really feel because I've had so long to work on G.I.Joe now this isn't just a crossover it's my time to play with the Transformers. At the same time I'm thinking "Man, I wish I would've ... it makes me kind of want to start the G.I.Joe thing over in a different book or something and play with it that way." It's a real cool way to go about it and it's a lot of fun too. You also don't have to worry about being bogged down with all the characters you have to deal with in the regular continuities."   SEIBERTRON.com: "The G.I.Joe and Transformers posters from the summer of 2002 was the first thing to let us, the fans, know that there's a possiblity of a crossover of sorts or that Dreamwave and [Devil's Due] were discussing such an idea."   Josh Blaylock: "We just wanted to play around with it."   SEIBERTRON.com: "For how long has this idea been around or whose idea was it?"   Josh Blaylock: "We've been wanting to do it for over a year. I mean, that's kind of why I talked with Adam Fortier at Dreamwave and we both thought "hey, let's do these posters for the fun of it." We'll do the good guys, you do the bad guys. We wanted to warm Hasbro up to the idea of doing something like this. Then it was just a matter of working it out so that their legal department was comfortable with us using Transformers and with them using G.I.Joe plus all of this stuff with temporary licenses. It took a long time to get worked out but it did so we got crankin' on it."   SEIBERTRON.com: "So the idea originated with you guys versus Hasbro saying "Hey, merge our two properties together"."   Josh Blaylock: "Oh yah. It actually took some convincing on our part."   SEIBERTRON.com: "Even though it's been done before?"   Josh Blaylock: "Well before it was Marvel had a license to both properties. Plus with a company this size [Hasbro] it’s gonna be a whole new crop of people working there. When you have a corporation that’s multi-billions of dollars, it’s very rare that you can come back there 20 years later and have the same staff there. So we had to kind of re-explain the whole thing over again. Our new account manager we have there was really hip to the idea and he helped speed things along too and really understood how big it could be. The reason it was more complicated compared to last time was that ONE company had both licenses back then. Now you’re talking about TWO companies, who each want to do their own versions."   SEIBERTRON.com: "Was the idea originally that Devil's Due handled three issues and Dreamwave handled three issues?"   Josh Blaylock: "We never really got into issues. I know Dreamwave wanted to do more of a graphic novel type of a thing or a prestige format. It was just the way the deal worked out with Hasbro that we both decided to do 6 issue mini-series."   SEIBERTRON.com: "Both companies are doing 6 issue mini-series then?"   Josh Blaylock: "From what I understand, I mean definitely don't let me speak for [Dreamwave] but that's what I understand."   SEIBERTRON.com: "What months will this mini-series be available?"   Josh Blaylock: "Our G.I.Joe versus the Transformers series will be June through November."   SEIBERTRON.com: "I'm very excited about this series. Just for financial issues, I've always stuck with Transformers but I've always followed Joe. I have a whole bunch of the Marvel comics, I used to watch the cartoon, and I had a year long sprint where I bought the toys. So I've always been familiar with the characters. I've always been excited whenever there has been a cross over. I was really excited when they did the G2 crossover."   Josh Blaylock: "My goal is to make this the crossover that every fanboy wants to see. It's what I want to see. I'm getting an opportunity to redo this whole thing."   SEIBERTRON.com: "I got the impression from the synopsis I grabbed from Previews that this wasn't going to be following anything that had been done before."   Josh Blaylock: "No it's not and ironically, people ask if there is anything I'm trying to keep out of the old Joe series (from Marvel). Ironically, in the regular continuity, I don't want Joe to have anything to do with the Transformers [which would exclude previous Marvel G.I.Joe/Transformers crossovers]. I don't feel the Transformers have a place with the main G.I.Joe universe. As far as just having a cross over for the fun of it ... hell yah! That's awesome."   SEIBERTRON.com: "A few comments have circulated the 'net regarding legal issues concerning the stories of the Transformers. Dreamwave said they had to throw out the previous history because Marvel owned the rights to both the cartoon and comic storylines and [Dreamwave] decided to make their own path and history. Devil's Due, however, was able to use what Marvel began as the basis of their stories and was able to take it from that point forward. How are you guys able to take that perspective with the book when it's been stated that because Marvel owns the legal rights to that?"   Josh Blaylock: "I don't know ... Marvel owns the copyrights to the old artwork itself. That's why they're able to strike a deal with Hasbro again to sell their trade paperbacks. The Transformers, I think, is a more complicated license. I don’t know the details of it, but besides the rights being owned on this side of the world by Hasbro, the Transformers parent company is TAKARA, and I’m not anywhere near educated enough on the subject to tell you anything you probably don’t already know."   SEIBERTRON.com: "So it never came up for [Devil's Due] when you decided that you were going to take the Marvel comic foundation and move it forward ten years in the future?"   Josh Blaylock: "We don't specifically mention "issue 127 of Marvel Comics". We're not going to think of doing something like that. We just go with the characters that we have. I know that a lot of the issues [Hasbro] has with names of toys are a different case than literature because it's totally different laws and ..."   SEIBERTRON.com: "Kind of like the Hard Hero statue busts [of the Transformers]?"   Josh Blaylock: "Yah. Unless they tell us not to do it."   SEIBERTRON.com: "You've been a fan of G.I.Joe for quite a while?"   Josh Blaylock: "Oh yah, I was actually into both of them. I actually started out into Transformers and my cousin was huge into Joe. We always played with them at my Grandma's house. He was a couple of years ahead of me and I don't know what happened but I started getting into G.I.Joe more and more. I made some pretty foolish trades where I had the whole first G1 line like Mirage, Sunstreaker, and Wheeljack. I would trade one of those which is probably like a $15.00 toy for 3 beat up G.I.Joes who didn't have weapons anymore because I wanted the Joes so bad. "I was into both, I just think I wasn't as into Transformers because I didn't follow the comic book stories where with G.I.Joe I did. With Transformers I'm kind of a casual fan that has the cartoon information and I read up on a lot of the other continuities of the past because I was really interested in it and I liked a lot of the stuff that Simon Furman had set up from what I had read up off websites and things. And I've been into all the Dreamwave stuff. With G.I.Joe, I was inundated with all of it: the comics, the cartoons ..."   SEIBERTRON.com: "Larry Hama is doing Front Line?"   Josh Blaylock: "He did the first introductory first 4 issue story arc. He and Dan Jurgens. Front Line is a rotating cast of creative teams. The current story arc features Dan Jolley and Drew Johnson. After that, it's going to be a 2 parter by Sean McKeever who's writing a bunch of X-Men stuff now and an artist named Andre."   SEIBERTRON.com: "So it's like a G.I.Joe all-star creative staff?"   Josh Blaylock: "Yah. [The 2 parter by Sean McCeaver] will be the origin of Zanya, the character I created who's Zartan's daughter. And then after that we've got a special stunt announced for August. We're going to be putting out a lot of books in August. And then I think there's something [referring to the rotating staff on Front Lines] that no one at Image has ever done before if I'm correct. Followed by that we're going to have a Stalker special. The Front Lines stories are going to be lined up with rotating creative teams so you can have different people working on it at different times. And then sometime in there we're going to have a story in there by Paul Jenkins and David Mack. "The regular Joe series is leading up to a big story arc with issues 22 to 25 which most people now know has something to do with Serpentor and that's going to be my last issue as the regular writer on that series. I'll probably still be involved with the plot and come back for follow ups and things like that."   SEIBERTRON.com: "Is the main G.I.Joe artist based out of this office?"   Josh Blaylock: "The main artist right now, Brandon Badeaux, and he is in Louisiana. Tim Seeley is in this studio and he just drew issue 16 which has gotten really great response. People love Brandon too. Tim and Brandon are totally different but everyone's had an equally good response to their stuff."   SEIBERTRON.com: "What is it like writing G.I.Joe with Cobra being a terrorist organization in today's times. The day before the first issue came out was September 11th. Do you think of "should I, shouldn't I" when you are writing the book?"   Josh Blaylock: "Oh definitely but if you think of something that wouldn't have been a big deal a few years ago and now it's a touchy touchy subject. To a point you can't live in fear of that all of the time. It is an issue but at the same time it's not cause a lot of people that aren't familiar with the G.I.Joe universe they think it is a big military thing anyways and it's some pro-army cartoon. It's not! It's about normal people who are really good at what they do fighting these wacky super villians. Cobra is so over the top ... I mean there's ninjas for christ's sake and there's clones and killer robots and all kinds of stuff. It's about making the soldiers having a grounded realism to them while they're fighting these other crazy characters (for lack of a better term). "Had all of this stuff not happened and this not become such a sensitive issue now, I probably would have gone more the other direction. I really wanted to deal with giving Cobra a real creepy foreign element and doubling into that's what these guys really are. And maybe some of the things they would have done would be a little darker. That's not really too big of a deal. We're just keeping Cobra how they've always been. . The fact that it comes down to being a kids property, and Hasbro never wants it to get too dark for a young audience anyway. Either way, it’s G.I.Joe, and I’m happy to be putting out these comics."

Transformers Armada By Hasbro Is A Big Success With Kids

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A New Fantasy and Powerful Foe are Introduced in 2003

With soaring sales in the last two years, including an double-digit increase in sales in 2002, it is clear the re-introduction of the TRANSFORMERS ROBOTS IN DISGUISE, the authentic vehicle-to-robot action figure brand, and new TRANSFORMERS ARMADA themes have again clearly captured kids' imaginations, as the TRANSFORMERS brand has for nearly 20 years.

GO-GO-GO-BOTS! (Hasbro Press Release)

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Views: 60,616

GO-BOTS:  COMING TO EARTH, FROM A PLACE FAR AWAY, ON A MISSION TO SAVE THE DAY!

Preschoolers are on a mission to protect the planet with their GO-BOTS hero-friends! In a race to save-the-day, preschoolers can make quick conversions as they prepare the GO-BOTS figures for action -- changing them from robots to vehicles and back again, all by themselves!

These colorful, chunky figures were specifically designed for preschoolers little hands to be easy-to-grasp, stand and convert. In 2003, preschoolers will be ready when they hear the GO-BOTS call-to-action, "GO-GO-GO-BOTS!"

Flashing through the Galaxy trailing a spectrum of colored energy is a city built on a comet, BOTROPOLIS -- home to the great race of planetary protectors, the GO-BOTS! Every year since the dawn of time, the GO-BOTS Council selects a new planet to protect. Earth is this year's candidate to receive its very own GO-BOTS team, whose bot-duty is to protect, serve, help, and guide the young planet into the future. When trouble calls the GO-BOTS team moves into action, adapting, changing, and modifying themselves to become the perfect solution for the problem at hand. You know help is on the way when you hear their call to action, "GO-GO- GO-BOTS!"

How do the GO-BOTS push, challenge, and change themselves into bigger, better, stronger, and more capable forms? GO-BRILLIUM. The GO-BOTS are made from GO-BRILLIUM, a flexible metallic element. Under the right circumstances, GO-BRILLIUM can instantly convert from gas, to liquid, to solid, making them the most adaptable creatures our galaxy has ever known.

Throughout history the planet Earth has been visited by a variety of intergalactic creatures. These creatures have been responsible for what earthlings have referred to as "natural disasters." These creatures have been the cause of earthquakes, floods, tidal waves, volcanic eruptions, tornadoes, and typhoons. Most of these visitors don't even realize how they're affecting Earth -- others do and just don't care. It is our GO-BOTS duty to protect Earth from the havoc these visitors cause. In some cases this means making the visitors aware of the results of their actions and finding a more appropriate home for them. In other cases more aggressive action is called for. This is not to say that the GO-BOTS only protect Earth from these intruders, but it does take up most of their time between averting train wrecks, forest fires, and the other more human problems they overcome.

With GO-BOTS, anything is possible, because they have the ability to change -- to become something new. GO-GO-GO-BOTS!

It's the ultimate GO-BOTS truck -- a massive tractor-trailer capable of hauling 2 GO-BOTS vehicles! The truck itself converts into 3 separate robots, each with its own transformation! With multiple conversions, this is six toys in one! It features cool sound effects and lights, the ultimate GO-BOTS robot! Batteries included.

Approximate Retail Price: $39.99 Ages: 3 & Up Available: Fall

An awesome 2-in-1 toy! Changes from a robot into an incredible 16" dragster, complete with parachute! Easy 1-2-3 conversion makes it easy for preschoolers to change from robot to vehicle and back again -- all by themselves!

Easy conversion lets kids change figures from robot to jet and back again, all by themselves! In jet mode, AERO-BOT and SILVERBOT figures "soar" through the air, doing flips and dips as the sound of their jet engines fill the sky! In robot mode AERO-BOT and SILVERBOT figures talk and their eyes light up, giving them "extra sight" at night! Chunky styling makes it easy for preschoolers to hold and stand up! Batteries included.  Approximate Retail Price: $14.99 Ages: 3 & Up Available: Spring/Fall

Quick-and-easy conversion allows preschoolers to change figures from robot to racecar and back again -- all by themselves! Chunky, colorful figures are specially designed for preschoolers -- little hands! Assortment includes AERO-BOT and SPEED-BOT II figures. Both have great racecar sound effects and GO-BOTS phrases. Batteries included.

GO-BOTS toys offer preschoolers the fun and "magic" of conversion in 3 simple steps! New assortment features both vehicles and animals! Quick-and-easy steps let preschoolers change figures from robot to animal or vehicle and back again -- all by themselves! Colorful figures feature chunky styling, so it's easy for kids to hold and stand them up!

Easy conversion lets kids change figures from robot to vehicle and back again -- all by themselves! Colorful, durable figures for hours of exciting play! Chunky styling makes it easy for preschoolers to hold and stand up!

Special package includes SPEEDBOT action figure and a limited edition video with 2 episodes of the GO-BOTS animated series! Easy 1-2-3 conversion lets kids change figure from robot to vehicle and back again, all by themselves!

As a leader in the infant and preschool toy category, PLAYSKOOL celebrates an incredible milestone in 2003 -- its 75^th anniversary! Over the company's long history, PLAYSKOOL has had the unique opportunity to bring fun and learning to literally generations of children. Products such as MR. POTATO HEAD, SIT 'N SPIN and GLOWORM are toys parents and grandparents remember fondly from their childhood and are still available today for children to enjoy. As seen in the 2003 product line, PLAYSKOOL also continues to innovate, offering new, developmentally sound and entertaining toys for infants, toddlers and preschoolers. For more information on PLAYSKOOL, please visit us as www.playskool.com.

Hasbro Reports Fourth Quarter and Full-Year 2002 Results

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Hasbro Arrives at 2003 Toy Fair with Some of the Hottest Toys and Games in Family Entertainment; A Combination of Classic Brands, New Innovation and Technology Highlight 2003 Offerings

PAWTUCKET, R.I.--(BUSINESS WIRE)--

Highlights

• 
  

  Revenue was up in the fourth quarter;

  
  
• 
  

  Earnings per share for the year, excluding certain non-recurring items, of $0.62 vs. prior year of $0.42;

  
  
• 
  

  GAAP net loss per share, including accounting change, for the year of $0.98 vs. net earnings of $0.35 for the prior year;

  
  
• 
  

  Inventories and Receivables were down and Cash increased to $495.4 million;

  
  
• 
  

  Total debt, net of cash, decreased $384.1 million;

  
  
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  Trivial Pursuit 20th Anniversary was the top selling game in the industry.

Hasbro, Inc. (NYSE: HAS) today reported 2002 full year and fourth quarter financial results. For the year, excluding certain non-recurring items detailed below, the Company had net earnings of $106.8 million or $0.62 per diluted share, compared to earnings excluding certain non-recurring items announced last year of $72.1 million or $0.42 per diluted share. The Company reported a GAAP (Generally Accepted Accounting Principles) net loss of $170.7 million or $0.98 per diluted share, including cumulative effect of an accounting change of $1.42 per diluted share, compared to net earnings last year of $59.7 million or $0.35 per diluted share. Eliminating the impact of amortization of goodwill and intangible assets with indefinite lives from 2001 would have resulted in GAAP net earnings for 2001 of $104.7 million or $0.61 per diluted share.

"We are very pleased with our accomplishments in 2002. Excluding certain non-recurring items, we delivered strong earnings and exceeded consensus estimates for both the fourth quarter and the full year in a very challenging economic and retail environment," said Alan G. Hassenfeld, Chairman and Chief Executive Officer.

"Our strategy of driving core brands is working as a number of brands --including G.I. JOE, TRANSFORMERS, PLAY-DOH, LITE BRITE and MAGIC THE GATHERING trading card games were all up significantly for the fourth quarter," Hassenfeld continued.

For the fourth quarter, excluding non-recurring items detailed below, the Company had net earnings of $72.9 million or $0.42 per diluted share, compared to $63.8 million or $0.37 per diluted share last year before non-recurring items. The Company reported GAAP net earnings of $62.2 million or $0.36 per diluted share, compared to net earnings of $52.5 million or $0.30 per diluted share. Adjusting 2001 GAAP net earnings for the impact of amortization noted above would result in 2001 net earnings for the quarter of $68.7 million or $0.39 per diluted share.

In the fourth quarter, non-recurring items included a before and after-tax charge of 4.8 million pounds sterling or approximately U.S. $7.6 million or $0.04 per diluted share, announced yesterday by the Company with respect to decisions by the Office of Fair Trading in its investigation of pricing practices of the Company's U.K. subsidiary. Also in the fourth quarter, there is a non-cash, after-tax charge of $3.2 million or $0.02 per diluted share related to a further decline in the value of the Company's investment in Infogrames Entertainment SA. The 2001 fourth quarter non-recurring items included an after-tax loss of $11.3 million, or $0.06 per diluted share related to the deteriorating business environment in Argentina.

For the full-year 2002 results, non-recurring items included a $245.7 million or $1.42 per diluted share, net of tax, non-cash charge as a cumulative effect of a change in accounting principle related to the adoption of FASB 142 "Goodwill and Other Intangibles." In addition to the OFT charge discussed above, non-recurring items also included a total non-cash, after-tax charge of $31.7 million or $0.18 per diluted share related to the decline in the value of the Company's investment in Infogrames Entertainment SA and $7.6 million or $0.04 per diluted share after tax income from interest received from a U.S. tax settlement. In addition to the Argentina charge discussed above, non-recurring items in 2001 also included a $1.1 million, net of tax, full year cumulative effect of an accounting change that resulted from the implementation of FASB 133.

Total fourth quarter net revenues were $997.4 million, compared to $988.7 million a year ago. For the year, net revenues worldwide were $2.8 billion, a decrease of 1% compared to the prior year of $2.9 billion.

Revenues in the U.S. Toys segment were $996.5 million for the year and $288.8 million for the quarter, an increase of 7% and 2%, respectively. Full year operating profit increased significantly year over year to $75.7 million, compared with $15.8 million last year. The segment experienced strength in sales of certain core product lines including G.I. JOE, TRANSFORMERS, PLAY-DOH and PLAYSKOOL. The Company also had a number of successful new product introductions, including BEYBLADES and FURREAL FRIENDS, two of the industry's hottest products.

Revenues in the Games segment were $739.8 million for the year and $269 million for the quarter, a decline of 8% and an increase of 6%, respectively. Revenue for the year was impacted by the decline in licensed trading card games and electronic games. However, retail sales of board games in our top five U.S. accounts continued to do well, with double-digit increases for both the year and the quarter. In addition, the adult category was up significantly at retail, led by the success of TRIVIAL PURSUIT 20th ANNIVERSARY EDITION. The Games segment continued to be profitable, with full year operating profit of $124.5 million compared to $156.1 million last year.

International segment revenues were $970.8 million for the year and $392 million for the quarter, a decline of 3% and 2%, respectively. For the full year and quarter, this represents a decline of 6% and 8% in local currency, respectively. Revenue for the year was impacted by the decline in licensed trading card games and electronic toys. However, the segment experienced strength in sales of certain core product lines including TRANSFORMERS, PLAY-DOH, MICRO-MACHINES and MAGIC THE GATHERING trading card games. The segment continued to be profitable, with operating profit of $12.7 million, prior to the OFT charge, compared with operating profit of $28.7 million in the prior year.

"We are pleased with the progress we have made in 2002," said Alfred J. Verrecchia, President and Chief Operating Officer. "We maintained our focus on managing the balance sheet as we reduced inventory levels and increased cash. Inventories decreased by $27.3 million or 13% and total debt, net of cash, decreased $384 million as compared to the fourth quarter last year and was down $684 million compared to two years ago."

"Going forward, we believe over time we can grow revenue between three to five percent per annum and we expect to deliver operating margins of 10% or better this year," Verrecchia concluded.

Full Year Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $403 million, compared to $435 million last year.

The Company will webcast its fourth quarter earnings conference call at 9:00 a.m. Eastern time today. Investors and the media are invited to listen at http://www.hasbro.com (select "Corporate Info" from the home page, then click on "Investor Information", and then click on the webcast icon).

Hasbro is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER and WIZARDS OF THE COAST brands and products provide the highest quality and most recognizable play experiences in the world.

Certain statements contained in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as "anticipate", "believe", "could", "expect", "intend", "look forward", "may", "planned", "potential", "should", "will" and "would". Such forward-looking statements are inherently subject to known and unknown risks and uncertainties. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the Company's ability to manufacture, source and ship new and continuing products on a timely basis and the acceptance of those products by customers and consumers at prices that will be sufficient to profitably recover development, manufacturing, marketing, royalty and other costs of products; economic conditions, including the retail market, higher fuel prices, currency fluctuations and government regulation and other actions in the various markets in which the Company operates throughout the world; the inventory policies of retailers, including the concentration of the Company's revenues in the second half and fourth quarter of the year, together with increased reliance by retailers on quick response inventory management techniques, which increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve tight and compressed shipping schedules; work stoppages, slowdowns or strikes, which may impact the Company's ability to manufacture or deliver product, 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; the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees in a competitive environment; market conditions, third party actions or approvals and the impact of competition that could delay or increase the cost of implementation of the Company's consolidation programs or alter the Company's actions and reduce actual results; the risk that anticipated benefits of acquisitions may not occur or be delayed or reduced in their realization; and other risks and uncertainties as may be detailed from time to time in the Company's public announcements and 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.

EBITDA (earnings before interest, taxes, depreciation and amortization) represents operating profit (loss) excluding, restructuring, depreciation and all amortization. EBITDA is not adjusted for all noncash expenses or for working capital, capital expenditures or other investment requirements and, accordingly, is not necessarily indicative of amounts that may be available for discretionary uses. Thus, EBITDA should not be considered in isolation or as a substitute for net earnings or cash provided by operating activities, each prepared in accordance with generally accepted accounting principles, when measuring Hasbro's profitability or liquidity as more fully discussed in the Company's financial statements and filings with the Securities and Exchange Commission.

HASBRO, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS



(Thousands of Dollars)                       December 29, December 30,

                                                  2002         2001

  ASSETS

Cash and Cash Equivalents                      $495,372     $233,095

Accounts Receivable, Net                        555,144      572,499

Inventories                                     190,144      217,479

Other Current Assets                            190,964      345,545

Total Current Assets                          1,431,624    1,368,618

Property, Plant and Equipment, Net              213,499      235,360

Other Assets                                  1,497,758    1,765,001

Total Assets                                 $3,142,881   $3,368,979



  LIABILITIES AND SHAREHOLDERS' EQUITY

Short-term Borrowings                           $21,051      $34,024

Current Installments of Long-term Debt          201,841        2,304

Payables and Accrued Liabilities                743,958      722,263

Total Current Liabilities                       966,850      758,591

Long-term Debt                                  857,274    1,165,649

Deferred Liabilities                            127,391       91,875

Total Liabilities                             1,951,515    2,016,115

Total Shareholders' Equity                    1,191,366    1,352,864

Total Liabilities and Shareholders' Equity   $3,142,881   $3,368,979





HASBRO, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS



                             Quarter Ended            Year Ended

(Thousands of Dollars     Dec. 29,    Dec. 30,    Dec. 29,    Dec. 30,

 and Shares Except Per      2002        2001        2002        2001

 Share Data)

Net Revenues              $997,441    $988,729  $2,816,230 $2,856,339

Cost of Sales              393,665     427,515   1,099,162  1,223,483

Gross Profit               603,776     561,214   1,717,068  1,632,856

Amortization                28,093      33,608      94,576    121,652

Royalties                   93,774      78,221     296,152    209,725

Research and Product

 Development                47,105      33,352     153,775    125,633

Advertising                108,242     101,496     296,549    290,829

Selling, Distribution

 and Administration        211,644     194,628     656,725    675,482

Restructuring Charge             -      (1,795)          -     (1,795)

Operating Profit           114,918     121,704     219,291    211,330

Interest Expense            21,743      26,361      77,499    103,688

Other (Income) Expense,

 Net                         6,522      11,369      37,704     11,443

Earnings Before Income

 Taxes and Cumulative

 Effect of Accounting

 Change                     86,653      83,974     104,088     96,199

Income Taxes                24,497      31,489      29,030     35,401

Earnings Before

 Cumulative Effect of

 Accounting Change          62,156      52,485      75,058     60,798

Cumulative Effect of

 Accounting Change, Net

 of Tax                          -           -    (245,732)    (1,066)

Net Earnings (Loss)        $62,156     $52,485   $(170,674)   $59,732



Per Common Share

  Earnings Before

   Cumulative Effect of

   Accounting Change

      Basic                  $0.36       $0.30       $0.43      $0.35

      Diluted                $0.36       $0.30       $0.43      $0.35



  Net Earnings (Loss)

      Basic                  $0.36       $0.30      ($0.99)     $0.35

      Diluted                $0.36       $0.30      ($0.98)     $0.35



  Cash Dividends

   Declared                  $0.03       $0.03       $0.12      $0.12



Weighted Average Number

 of Shares

  Basic                    172,802     172,428     172,720    172,131

  Diluted                  173,240     174,123     173,488    173,018





Hasbro, Inc.

Earnings Per Share Table



                                Quarter Ended         Year Ended

(Thousands of Dollars and      Dec. 29, Dec. 30,   Dec. 29,  Dec. 30,

 Shares Except Per Share Data)   2002     2001       2002      2001



Diluted Shares                 173,240  174,123    173,488   173,018



Net Earnings, Excluding

 Certain Non-recurring Items   $72,881  $63,775   $106,815   $72,088



Diluted Earnings Per Share,

 Excluding Certain

 Non-recurring Items             $0.42    $0.37      $0.62     $0.42



After Tax Impact of:

   OFT Charge                  $(7,566)       -    $(7,566)        -

   Infogrames Write-down        (3,159)       -    (31,747)        -

   Interest on Tax Refund            -        -      7,556         -

   Argentina Losses                  -  (11,290)         -   (11,290)

   Accounting Changes                -        -   (245,732)   (1,066)



Net Earnings (Loss), GAAP      $62,156  $52,485  $(170,674)  $59,732



Diluted Earnings (Loss) Per

 Share, GAAP                     $0.36    $0.30     $(0.98)    $0.35



   Amortization Impact               -  $16,219          -   $45,013



Net Earnings (Loss), Adjusted

 for Amortization Impact       $62,156  $68,704  $(170,674) $104,745



Diluted Earnings (Loss) Per

 Share, Adjusted for

 Amortization Impact             $0.36    $0.39     $(0.98)    $0.61





HASBRO, INC.

Major Segment Results



                                                Quarter Ended

(Thousands of Dollars)                   Dec. 29,  Dec. 30,

                                           2002      2001   % Change

U.S. Toys

   External Revenues                    $288,837  $283,232         2%

   Operating Profit                        9,379    12,434      (25)%



Games

   External Revenues                     269,023   252,777         6%

   Operating Profit                       56,202    53,918         4%



International

   External Revenues                     391,966   401,250       (2)%

   Operating Profit (excluding OFT

    charge)                               49,194    48,135         2%



                                                 Year Ended

                                         Dec. 29,  Dec. 30,

                                           2002      2001   % Change

U.S. Toys

   External Revenues                    $996,496  $935,530         7%

   Operating Profit                       75,664    15,808       379%



Games

   External Revenues                     739,782   801,467       (8)%

   Operating Profit                      124,523   156,089      (20)%



International

   External Revenues                     970,825   996,266       (3)%

   Operating Profit (excluding OFT

    charge)                               12,743    28,658      (56)%