Toy company expands into other ventures
Major toy company Hasbro made a huge business deal that left everyone shocked. In a $4 billion deal, Hasbro now owns hip hop record label Death Row as well as British company Entertainment One.
Home of children shows like Peppa Pig and PJ Masks, Entertainment One took ownership of the gangster rap label back in 2013. Founded in 1991 by Suge Knight, The D.O.C., and Dr. Dre, Death Row Records was one of hip-hop’s most influential labels, signing some of West Coast’s biggest rap artists.
However, the label filed for bankruptcy in 2006 after a series of lawsuits and the imprisonment of Knight. It has since changed ownership several times and finally found a new home with Entertainment One when it was bought for $280 million, according to Rolling Stone
“The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro’s portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling,” said Hasbro CEO Brian Goldner in a statement.
Hasbro is the home of children toys My Little Pony, Monopoly, and Mr. Potato Head and has been looking to expand “family brands” and television production with the purchase.
-
Prices dropped in Venezuela, Indonesia, Ecuador, Thailand, and more. Netflix has recently been feeling a major financial squeeze as...
-
The Rochester Regional Joint Board of Workers United filed a formal complaint against Tesla. Earlier this week, a group...
-
Uber is making a comeback from pandemic-era losses. This week, prominent ridesharing company Uber reported their earnings for the...
-
A strong Q4 report and new investments have GM on the right track. This morning, the largest automotive company...
-
The deal is rumored to amount to around $10 billion. This morning, Microsoft announced the latest development in its...
-
Cook’s target pay package will be dropped to $49 million. Tech giant Apple announced today that its CEO, Tim...
-
Even Amazon isn’t immune to the worsening economy. As the global economy remains in the grips of inflation and...
-
Economic woes are affecting the highest echelons of wealth. According to recent statistics released by Forbes, the world’s wealthiest...
-
The bank was fined for “widespread mismanagement” and “illegal activity,” according to the CFPB. Today, financial regulators from the...
-
Store employees are worried layoffs may follow a merger. Recently, two of the largest grocery supermarket chains in the...
-
Despite ongoing concerns, the US job market is moving in the right direction. The United States economy is still...
-
American Airlines will buy 20 supersonic planes from Boom. Recently, commercial air carrier American Airlines and supersonic aircraft manufacturer...