3 ms·

Any more details on what Hasbro's "Entertainment" division does, and why it's lost more than $800M this year?

• sircastor 3y ago
  This might be a stretch (and also is 100% speculative), but maybe it’s a tax write-off thing. They put money into something, decided they wanted the tax breaks more than to sell the product, and there’s your loss.
• vineyardmike 3y ago
  > Hasbro Entertainment, a division that will be dedicated to leveraging Hasbro’s most valuable brands to develop and produce premium content across platforms for audiences of all ages, following the close of Hasbro’s sale of eOne’s film & television business. The new division, which unifies Hasbro’s film, television, animation, and digital media expertise under one umbrella, reflects a significant step in the execution of Hasbro’s Blueprint 2.0 strategy, which is defined by increased investment in Hasbro’s priority brands https://newsroom.hasbro.com/news-releases/news-release-details/hasbro-announces-leadership-team-new-entertainment-division https://newsroom.hasbro.com/news-releases/news-release-detai... Sounds like they're losing money on making media. Maybe it's Capex for a movie(s)? Maybe they're just not popular media? I don't know but that's the team losing money.