Hasbro will move to an “asset-lite model for future live action entertainment” following the $500M eOne sale, according to CEO Chris Cocks. Speaking as the toy giant unveiled the eOne deal pl…
Hasbro acquired eOne in 2019 for $4B but sold the studio for just $500M, although it keeps hold of around 15% – the lucrative family brands division that houses staples such asAround 20% of eOne’s film and TV staff have been impacted by layoffs over the past few months.
Hasbro revenues fell by 10% to $1.2B for the quarter, while adjusted operating profit nearly halved to $136M.
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