As part of a strategic review under new CEO Chris Cocks, Hasbro is exploring the sale of the Entertainment One (eOne) TV and film business not directly related to its branded-entertainment strategy.
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In its third quarter, Hasbro reported revenues of $1.68 billion, down 15 percent year-on-year, and an operating profit of $194.3 million, a 47 percent decline.
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Hasbro has set out a goal of increasing its profits by 50 percent over the next three years, unveiling a Blueprint 2.0 strategy focused on direct-to-consumer, gaming, licensing and digital expansion.
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Hasbro has appointed Laurel J. Richie, former president of the Women’s National Basketball Association (WNBA), as an independent director to its board of directors.
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