Hello and welcome to another TFW2005 Network Event Coverage. Hasbro held their 2020 1st Quarter Earnings Conference Call and made several remarks* regarding the future of the company.
- Snake Eyes: G.I. Joe Origins Movie Release Shifted To 2021?
- Collaboration With eOne.
- Toys & Games Production.
- Future Of Transformers Live Action Movies.
You can check out all of the above and more, after the jump.
Note: * Remarks and release dates are subject to change
During the Q&A Session, Hasbro CEO Brian Goldner mentioned that they are working on new theatrical releases for Transformers. Though Snake Eyes: G.I. Joe Origins is listed on Hasbro’s presentation as unchanged for October 16th, 2020, Mr. Goldner stated the following:
“…We are going to produce great branded content for theaters. We are going to see new Transformers movies coming. We obviously have Snake Eyes movie coming over next year. We have My Little Pony to come.”
Hasbro also stated that they have 21 theatrical movies in the pipeline for various Hasbro properties.
Recently acquired entertainment giant eOne is working on entertainment content (TV series, animated content, movies etc.) for more than fifteen Hasbro properties. However, Mr. Goldner did not specify which properties the team is working on. It is likely that Transformers and G.I. Joe are included on the list.
Regarding toys and games production:
Products planned to release on Q3 and Q4 of 2020, will start their production in two weeks’ time.
Following additional notes were given to the press.
- China: Third-party factories in China represent approximately 55% of the Company’s manufacturing production. After operating at lower than planned production levels during the first quarter due to COVID-19, these factories are currently operating at planned capacity for this time of year. China factories are making product across the business, including games. As production typically builds to peak levels during the summer months, the Company anticipates making up production lost in the first quarter in the second quarter and to be well positioned to meet holiday demand. These beliefs assume all production continues to operate in all material respects without further COVID-19 shutdowns.
- Outside of China: Manufacturing and warehouse partners outside of China operated at close to normal levels during much of the first quarter. Beginning in mid-March and through today, these locations are operating at varying levels of productivity depending on local government and safety considerations, with some markets operating at lower than normal production levels and other facilities have been closed for a period of time. Currently closed facilities include manufacturing in Massachusetts, Texas and Ireland, primarily for games, as well as manufacturing locations in India.
- The global Hasbro team is utilizing its diverse global supply chain to meet demand from open facilities, existing inventory and to rapidly make up lost production. The COVID-19 situation is very fluid and based on our understanding of local governments directions at this time, we expect closed facilities to reopen over the summer. We will be using our full complement of sourcing partners globally to ensure a quick recapture of any lost production on priority items.
You can check out a couple of info-graphics, attached with this news post.