Toy maker Hasbro saw its second quarter revenues jump after a rebound in film and TV series deliveries from its Entertainment One division. Overall, entertainment division revenue rose 47 percent t…
Shares in Hasbro jumped $8.82, or 9.5 percent, to $101.23 in trading on Monday morning. Overall, the toy maker shrunk its net loss by 32 percent to $22.9 million or $0.17 per diluted share, driven in part by a loss recorded on assets held for sale related to the eOne Music business.
A charge of $101.8 million related to the loss on eOne Music assets and $7.3 million in related transaction costs were posted during the latest quarter.of the eOne Music business in the beginning of the fiscal third quarter 2021. The division was sold to entities controlled by Blackstone, which also own SESAC, a leading music rights organization purchased for a reported $1 billion in 2017.
The deal for eOne Music follows Hasbro acquiring eOne for $3.8 billion as part of a 2019 merger deal for the Canadian indie film and TV studio and distributor. That transaction included the eOne kids series
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘Peppa Pig’ Parent Hasbro Sees Film & TV Rebound, Beats Wall Street Q2 ForecastsA strong return of its film and TV business, especially compared with a bleak 2020, helped Hasbro’s second quarter results easily beat Wall Street forecasts. Revenue surged 54% to $1.32 billi…
Weiterlesen »
Toymaker Hasbro revenue beats as TV, film business reboundsHasbro beat quarterly revenue estimates on Monday as its film and television production business returned to growth after being largely shut down last year.
Weiterlesen »
Stocks making the biggest moves premarket: Hasbro, Otis Worldwide, Lockheed Martin and othersThese are the stocks posting the largest moves before the bell.
Weiterlesen »
Vince McMahon Scripted Series in the Works From Blumhouse TV, WWEWWE chairman Vince McMahon, who has frequently played the heel on the company’s wrestling shows, will get to be the good guy in a scripted series. Blumhouse Television is partnering with the …
Weiterlesen »
Tokyo Olympics opening drew 16.7 mln TV viewers - NBCUniversalNBC's TV broadcast of the Tokyo Olympic Games opening ceremony drew 16.7 million viewers, the smallest audience since at least 1988, according to preliminary data provided by Comcast (CMCSA.O)-owned NBCUniversal on Saturday.
Weiterlesen »
Tokyo Olympics: South Korean Broadcaster Apologizes For “Inappropriate” TV ImagesA South Korean broadcaster used some strange images and captions during the opening night parade of nations at the Tokyo Olympics, outraging the online fans of the nations depicted. Seoul-based Mun…
Weiterlesen »