Paramount and Hasbro to Produce and Distribute Live Action and Animated Content

Transformers News: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content

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Transformers News: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content

Paramount Pictures and Hasbro to Produce and Distribute Live Action and Animated Content Under Five Year Exclusive Relationship

November 03, 2017 08:37 AM Eastern Daylight Time

HOLLYWOOD--(BUSINESS WIRE)--Paramount Pictures and Hasbro, Inc. today announced that they will be teaming up to produce and distribute content based on Hasbro brands, as well as original stories. The two companies will collaborate on live action and animated films, with Hasbro’s Allspark Pictures and Allspark Animation playing an active role alongside Paramount Pictures in development and production.

This announcement expands upon an existing relationship between the two companies. Hasbro and Paramount have partnered on five Transformers movies to date, as well as two G.I. Joe films, and the first Transformers spinoff, Bumblebee, is slated for December 2018.

"Paramount has been a valuable partner of Hasbro’s for more than a decade, and we’re looking forward to taking our relationship to the next level," said Brian Goldner, Chairman and CEO, Hasbro. "Storytelling, in its many forms, is revolutionizing our business and differentiating Hasbro in all sectors where we operate. We look forward to collaborating with the talented team at Paramount to create powerful new stories for kids, fans and families globally."

While terms of the relationship are not being disclosed, Paramount and Hasbro will partner on financing projects at varying levels of investment, and Paramount will distribute the projects produced during the five year term of this deal worldwide. Paramount and Hasbro will also collaborate on television programming.

"Hasbro has an enormous array of exceptional brands, so this expansion of our relationship is incredibly exciting," said Paramount Pictures Chairman and CEO, Jim Gianopulos. "We look forward to working with Brian Goldner and Stephen Davis and the Hasbro and Allspark teams to create extraordinary film properties for all audiences."

Hasbro recently hired Greg Mooradian as president of Allspark Pictures, with responsibility for live action film and television. Allspark Animation, the company’s label for animated film and television content, is led by Hasbro’s Meghan McCarthy. Hasbro acquired Boulder Media in 2016, a leading animation studio based in Dublin, Ireland, to produce its television and film animation. Hasbro Studios, its distribution arm which the company founded in 2009, distributes TV and digital content to more than 190 territories globally. The entertainment division reports to Hasbro’s Chief Content Officer, Stephen Davis.

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NASDAQ: VIAB, VIA), a leading content company with prominent and respected film, television and digital entertainment brands. Paramount controls a collection of some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, Paramount Television, Paramount Players, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

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, LITTLEST PET SHOP and MAGIC: THE GATHERING, as well as premier partner brands. Through Hasbro Studios and its film 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. 1 on the 2017 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 six years. Learn more at http://www.hasbro.com, and follow us on Twitter (@Hasbro & @HasbroNews) and Instagram (@Hasbro).

© 2017 Hasbro, Inc. All Rights Reserved.

HAS-C
HAS-LIC


Contacts
Press Contact:
Hasbro, Inc.
Julie Duffy, 401-727-5931
julie.duffy@hasbro.com
or
Investor Relations Contact:
Hasbro, Inc.
Debbie Hancock, 401-727-5464
debbie.hancock@hasbro.com
or
Press Contact:
Paramount Pictures Corporation
Chris Petrikin, 323-956-4420
chris_petrikin@paramount.com
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Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1919767)
Posted by kurthy on November 3rd, 2017 @ 6:44pm CDT
So the team up that brought us those 7 movies is now going to be responsible for future series? Great... :roll:
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1919770)
Posted by Octobotimus on November 3rd, 2017 @ 7:14pm CDT
what happened to Hasbro's studio? i thought they made their own studio for future movies.
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1919795)
Posted by Sabrblade on November 3rd, 2017 @ 9:52pm CDT
Octobotimus wrote:what happened to Hasbro's studio? i thought they made their own studio for future movies.
That's what Allspark Pictures is.

If by "Hasbro's studio" you meant "Hasbro Studios", that's their television show production company, not movies.
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1919801)
Posted by TulioDude on November 3rd, 2017 @ 10:14pm CDT
The idea of cartoons to fill in the gaps between films gets me excited!
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1920803)
Posted by Bounti76 on November 10th, 2017 @ 12:41am CST
As filming on the Bumblebee Movie wraps/is wrapping up, and with the last of the Transformers: The Last Knight toyline trickling out, we bring to you more news, though of the business side of making the live-action movies.

As we reported earlier, HuaHua media, via it's funding agreement with Paramount Studios, had incurred larger than expected losses, due to underperforming Paramount films (including this summer's The Last Knight). Well, it now looks as though that agreement is ending, via this story in Variety.

What does this mean for the live-action movies? Jim Gianapoulos, Paramount CEO said “The actions we are announcing today establish a financing model that is better aligned to Paramount’s new strategic approach to film production,” [he] said in a statement. Click on the link above to read the full article, and feel free to discuss this in the Energon pub forums below!
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1920806)
Posted by fenrir72 on November 10th, 2017 @ 1:24am CST
American businesses are learning from the Chinese.......how to put one over the other! :lol: This time, it's the Chinese left holding the bag! Paramount's been a victim of so much piracy that they hoodwinked them investors from China into investing on a turd!
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1920814)
Posted by frogbat on November 10th, 2017 @ 4:39am CST
This might be related to the chinese government clampdown on foreign investment
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1920880)
Posted by Blackstreak on November 10th, 2017 @ 3:39pm CST
Perhaps if the movies and toy lines are underperforming, than maybe they should improve on the quality of their products? Just a thought. I rather enjoy the movies but the toys have really plummeted in quality and skyrocketed in price. Nowadays, the only lines I'm interested in are 3rd party and Masterpiece.
Re: Paramount and Hasbro to Produce and Distribute Live Action and Animated Content (1920882)
Posted by TulioDude on November 10th, 2017 @ 5:57pm CST
[quote]but the toys have really plummeted in quality and skyrocketed in price. [/quote]
Unfortunately,this apllies to most toys nowdays,it isnt a Hasbro isolated thing.

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