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.
-
American Airlines will buy 20 supersonic planes from Boom. Recently, commercial air carrier American Airlines and supersonic aircraft manufacturer...
-
Shareholders have accused Musk of enriching himself to the company’s detriment. In the midst of his ongoing revamp of...
-
Without pandemic-era loan accommodation, borrowers are falling behind. During the height of the COVID-19 pandemic, numerous aid and accommodation...
-
As Twitter changes hands, policies change as well. As of last Friday, social platform Twitter is officially the property...
-
Remote workers have brought in a tidy sum for several major carriers. While the COVID-19 pandemic has reached a...
-
The CPI rose another 0.4% in September. For the past several months, the United States Federal Reserve has been...
-
Musk appears to be backing down from his legal threats. For the last several months, Tesla CEO Elon Musk...
-
Amazon is looking to start the holiday shopping season even earlier this year. Typically, online retail giant Amazon holds...
-
Home Depot still maintains a healthy customer base despite economic concerns. Ongoing concerns of inflation have done a number...
-
A railway strike would severely impact the US economy. This week, representatives of the National Railway Labor Conference and...
-
Customers have been tipping less generously as pandemic restrictions relax. At the height of the COVID-19 pandemic, when many...
-
After years of exclusivity, Peloton is finally allowing third-party sales. Since it first launched as a company, exercise device...