Hasbro, the Toy Company, is OVER.

Clownfish TV: Audio Edition

Hasbro has laid off even more employees, is looking to outsource more IP, is moving away from toys, and is even planning to uproot the company from Rhode Island to Boston. Toy giant Hasbro, as we’ve known it, is OVER. Hasbro is facing significant financial struggles, including declining revenue and layoffs, as it shifts its focus from traditional toys to digital and AI initiatives under new leadership. 00:00 Hasbro is struggling financially, facing layoffs and disappointing sales despite a slight uptick in Transformers merchandise. 01:25 Hasbro is struggling financially due to failed media investments and poor movie release timing, despite some success with Transformers. 02:53 Hasbro is pivoting from physical toys to digital and AI under CEO Chris Cox, facing revenue declines and layoffs despite some growth in specific lines. 04:15 Hasbro is facing significant layoffs and declining revenue, with plans to relocate and restructure by 2026. 05:30 Hasbro’s revenue has fallen 18% this year, prompting layoffs and a shift towards efficiency as it plans to relocate by mid-2026. 07:20 Hasbro’s leadership prioritizes profit over toys, focusing on mobile apps and potential crypto ventures while considering a move to a new headquarters that reflects a shift away from traditional toy company values. 08:39 Hasbro’s 15% revenue drop highlights a loss of identity and direction, raising doubts about the future of its franchise brands. 10:22 Hasbro is effectively no longer in existence. Hasbro is abandoning its Rhode Island roots, moving to Boston by 2026 despite efforts from local leaders, signaling a dramatic shift in company culture and priorities. New CEO Chris Cox, from Microsoft, aims to transform Hasbro into a digital play company using AI, despite the toy industry’s challenges and layoffs in AAA gaming. Hasbro is outsourcing iconic brands like Mighty Morphin Power Rangers and My Little Pony to other toy companies, potentially diluting brand control. The company faces a 15% revenue drop and 18% year-to-date decline, with expectations of 12-14% consumer product decline in FY2024. Hasbro’s Dungeons & Dragons movie suffered from poor timing, coinciding with the controversial OGL 1.1 debacle that alienated core fans. Despite massive retail displays, Hasbro’s Transformers movies continue to underperform at the box office, failing to drive expected toy sales. 🐠 Become a MEMBER of The Reef at http://ClownfishMinus.com Official Merch Store: http://ClownfishMinus.com CFTV Audio Podcast (iTunes): https://podcasts.apple.com/us/podcast/clownfish-tv-audio-edition/id1726838629 CFTV Audio Podcast (Spotify): https://open.spotify.com/show/6qJc5C6OkQkaZnGCeuVOD1 Official Website: http://ClownfishTV.com Official Clownfish TV subreddit: https://www.reddit.com/r/ClownfishTVOfficial/ Geeky Sparkles’ Blog: https://www.piratesandprincesses.net/ About Us: Clownfish TV is an independent, opinionated news and commentary channel that covers Entertainment and Tech from a consumer’s point of view. We talk about Gaming, Comics, Anime, TV, Movies, Animation and more. Hosted by Kneon and Geeky Sparkles. Disclaimer: This series is produced by Clownfish Studios and WebReef Media, and is part of ClownfishTV.com. Opinions expressed by our contributors do not necessarily reflect the views of our guests, affiliates, sponsors, or advertisers. ClownfishTV.com is an unofficial news source and has no connection to any company that we may cover. This channel and website and the content made available through this site are for educational, entertainment and informational purposes only. These so-called “fair uses” are permitted even if the use of the work would otherwise be infringing. #Hasbro #Transformers #DnD #News #Commentary #Reaction #Podcast #Comedy #Entertainment #Hollywood #PopCulture #Tech