Press release from Business Wire
JAKKS Pacific's Disguise Division Signs New Multi-year Agreement for Halloween Costumes Based on Hasbro Brands
Thursday, June 10, 2010
JAKKS Pacific's Disguise Division Signs New Multi-year Agreement for Halloween Costumes Based on Hasbro Brands09:00 EDT Thursday, June 10, 2010
MALIBU, Calif. (Business Wire) -- Disguise™, the Halloween costume division of JAKKS Pacific, Inc.
(Nasdaq:JAKK), has signed a new three-year agreement with Hasbro to
produce Halloween costumes and accessories in conjunction with most
Hasbro brands. The agreement grants Disguise expanded and exclusive
rights to manufacture and distribute Hasbro-branded Halloween costumes
and accessories to all channels in the United States and Canada
beginning with the upcoming Halloween season.
The agreement includes rights to produce Halloween costumes for all
appropriate ages based on the TRANSFORMERS 3 movie scheduled for release
in summer 2011, in addition to Hasbro-inspired TV shows from Hasbro
Studios such as G.I. JOE and MY LITTLE PONY that will air this fall on
The HUB, the Hasbro and Discovery Communications joint-venture cable
television network.
“We are thrilled about our new expansive agreement with Hasbro for their
portfolio of beloved games and characters, and we are especially excited
to be able to market Halloween costumes based on their new TV shows that
will be broadcast on The HUB, as well as the highly anticipated
TRANSFORMERS 3 movie sequel, which is sure to be a blockbuster hit next
summer,” said Stephen Stanley, Co-President of Disguise. “We are
creating costume excitement for consumers of all ages, and are
especially excited about our new teen and adult Hasbro Games outfits
that feature games like CANDY LAND and SCRABBLE coming to life through
our fashion-forward designs.”
“As Hasbro continues to re-invent its brands in relevant and
contemporary ways we are delivering immersive experiences to consumers
around the globe,” said Bryony Bouyer, Senior Vice President Licensing,
The Americas, Hasbro, Inc. “Disguise has done an outstanding job
creating costumes based on many of our iconic properties, allowing fans
to become their favorite characters.”
About Disguise, Inc
Disguise, Inc., a division of JAKKS Pacific, Inc., is a leading
fashion-driven design company in the global Halloween costume business.
Disguise is best known in the industry for its innovative and
trend-setting designs, partnering with top studios including Hasbro,
Disney, Marvel and Sesame Workshop to annually bring millions of
proprietary and licensed character-driven costumes to the American
market. For further information, visit www.disguise.com.
Halloween is not complete without a great Disguise®.About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ:JAKK) is a leading designer and marketer of
toys and consumer products, with a wide range of products that feature
some of the most popular brands and children's toy licenses in the
world. JAKKS' diverse portfolio includes Action Figures, Electronics,
Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture,
Vehicles, Plush, Art Activity Kits, Seasonal Products,
Infant/Pre-School, Construction Toys and Pet Toys sold under various
proprietary brands including JAKKS Pacific®, Creative Designs
International™, Road Champs®, Funnoodle®, JAKKS Pets™, Plug It In & Play
TV Games™, Girl Gourmet™, Kids Only!™, Tollytots® and Disguise™. JAKKS
is an award-winning licensee of several hundred nationally and
internationally known trademarks including Disney®, Nickelodeon®, Warner
Bros.®, Ultimate Fighting Championship®, Hello Kitty®, Graco® and
Cabbage Patch Kids®. www.jakks.com
About Hasbro
Hasbro, Inc. (NYSE:HAS) is a worldwide leader in children's and family
leisure-time products and services with a rich portfolio of brands and
entertainment properties that provides some of the highest quality and
most recognizable play and recreational experiences in the world. As a
brand-driven, consumer-focused global company, Hasbro brings to market a
range of toys, games and licensed products, from traditional to
high-tech and digital, under such powerful brand names as TRANSFORMERS,
PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, CRANIUM and WIZARDS
OF THE COAST. Come see how we inspire play through our brands at http://www.hasbro.com.
©2010 Hasbro, Inc. All Rights Reserved. SCRABBLE is a trademark of
Hasbro in the United States and Canada.
This press release may contain forward-looking statements (within the
meaning of the Private Securities Litigation Reform Act of 1995) that
are based on current expectations, estimates and projections about JAKKS
Pacific's business based partly on assumptions made by its management.
These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such statements due to numerous factors,
including, but not limited to, those described above, changes in demand
for JAKKS' products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, and
difficulties with integrating acquired businesses. The forward-looking
statements contained herein speak only as of the date on which they are
made, and JAKKS undertakes no obligation to update any of them to
reflect events or circumstances after the date of this release.
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