The Care Bears Announce New Animated TV Content & L&M Licensees for the UK

Cloudco Entertainment, owner of the Care Bears franchise, is proud to announce six all-new animated Care Bears: Unlock the Magic specials set to air on Narrative Entertainment’s commercial children’s channel, Tiny Pop, as well as four new UK-based consumer product licensees. These additions provide further momentum to a brand already experiencing huge growth across all channels and audiences, on TV, in retail, on social media and YouTube, and across audiences of all demographics and genres.

Nelvana and CloudCo Entertainment Announce the Launch of ‘True North Bear’

Corus Entertainment’s Nelvana, a world-leading international producer, distributor, and licensor of children’s animated and live action content, and Cloudco Entertainment, owner of the Care Bears entertainment brand, announce a brand new True North Bear exclusively available in Canada at Walmart and Toys “R” Us. Fans of the beloved franchise can also get excited for more Care Bears collaborations with Peace Collective, Ardene and Kernels Popcorn coming this year. It’s going to be one hot Care Bears summer!

Jazwares Named Master Toy Licensee for Sanrio Global Sensation Hello Kitty and Friends in NA

Jazwares, a leading global toy company, announced that it has entered into a multiyear North America master toy licensing agreement with Sanrio to create a toy line inspired by Hello Kitty and Friends. One of the world’s most famous icons, Hello Kitty debuted nearly 50 years ago and remains a pop culture mainstay beloved by fans across generations. Capturing the brand’s core values of friendship, kindness, and inclusivity, Jazwares’ Hello Kitty and Friends toy line will embrace Sanrio’s signature kawaii style and the playful, colorful nature in a wide range of toy products across multiple categories. This agreement also includes Netflix sensations Aggretsuko and Gudetama brands as well as hundreds of beloved Sanrio characters.

Break Out of the Screen with Bitzee, Spin Master’s Breakthrough Interactive Digital Pet

Spin Master Corporation, a leading global children’s entertainment company, has unveiled breakthrough innovation in the digital pet category with Bitzee, digital pets you can really touch! Housed inside a purple pod, once opened Bitzee pets come to life with an innovative, full color display that you can touch, feel, and interact with – introducing an all-new play experience for kids.

People of Play Welcomes Jenna Stirling as Executive Director

People of Play, the visionary force behind premier toy and game industry events, curator of the dynamic POP platform, and trusted purveyor of industry news through the esteemed Bloom Report, proudly announces the appointment of Jenna Stirling as Executive Director. “Jenna is like that mythical unicorn on our team, with a treasure trove of experience in the toy industry and a mind bursting with ideas,” said Mary Couzin, the president of Chicago Toy and Game Group dba POP. “We are fortunate to be bringing her on board as we continue to rock our events, level up the POP platform, ignite sparks with Play in Education initiatives, and be the biggest cheerleaders for every tribe in the toy and game industry. It’s all about building an amazing community, making connections, and unleashing the incredible power of play!”

Little Kids, Inc Has a Bubble-Filled Summer Line-Up with Balloobles, Fubbles, Bluey, and More

Expect to hear the word Balloobles this season as kids delight in this inflatable bubble machine from Little Kids Inc that blows continuous streams of bubbles featuring favorite friends like Bluey, Minnie, Paw Patrol or Spider-Man! This huge inflatable can be played two ways – handheld, using the bubble tube handle – or tabletop, for the perfect centerpiece at your next party using the Amazon-exclusive bubble base. Whether you choose Spider-Man, Minnie, Bluey or Paw Patrol, every Ballooble inflates to over 15” tall. 

Hasbro & Ageless Innovation Debut Reimagined Gaming Properties to Meet Needs of Older Adults

Ageless Innovation, a global company devoted to reimagining how we positively live and age together through the power of play, announced today their plans to reimagine three classic board games made by global branded entertainment leader, Hasbro, including The Game of Life, Scrabble, and Trivial Pursuit. As Hasbro’s first-ever licensee dedicated to enhancing the lives of older adults through play experiences, Ageless Innovation designed the time-honored games to meet the needs and interests of aging loved ones, and to encourage intergenerational play among families. Starting now, The Game of Life Generations, Scrabble Bingo, and Trivial Pursuit Generations will be available for pre-sale on JoyForAll.com; the games will be available for purchase via most major retailers and also distributed through select Healthcare partners in June.

JAKKS Pacific & Disguise Ink Worldwide Deal with Rooster Teeth for Bendy

JAKKS Pacific, Inc, a top manufacturer of toys and consumer products and its costume division, Disguise, has announced a multi-year partnership with Rooster Teeth and Joey Drew Studios to bring Bendy to the world. JAKKS and Disguise will design, develop and manufacture action figures, plush, playsets, costumes and costume accessories commencing in fall 2023. Disguise first launched Bendy and the Ink Machine costumes in North America in 2018 and saw great success with the horror-gaming-themed Halloween costumes for several years. JAKKS is now joining in the mix with master toy rights and the company-wide rights are being expanded to include worldwide distribution.

JAKKS Pacific Reports First Quarter 2023 Financial Results

“We are pleased with our year-to-date performance as we close the first quarter,” said Stephen Berman, JAKKS Pacific Inc.’s Chairman and CEO, “and are excited about the possibilities for the remainder of the year. We shipped over $100 million worth of product in Q1 for the second consecutive year and it is the first time we’ve done that in back-to-back years since 2009. We have challenging revenue comparisons all year, but our significant gross margin improvement lessened the impact in the first quarter. Our Q1 gross profit dollars haven’t been this high since 2015. We managed inventory down further and eliminated most of our temporary warehouse capacity. And, as we previously disclosed, earlier in the quarter we paid down our long-term debt to less than $30 million.