ChiefsPlanet - View Single Post - Movies and TV Star Wars Episode VIII SPOILERS thread

**DaneMcCloud** · 02-08-2018, 11:24 AM

More fallout from The Last Jedi's divisiveness and underperforming box office results

https://www.aol.com/article/finance/...hine/23355453/

Hasbro posts surprise revenue drop as Star Wars toys fail to shine

Toymaker Hasbro Inc reported a surprise fall in quarterly revenue on Wednesday due to a decline in sales of its toys based on the Star Wars franchise and the lingering impact of the bankruptcy of retailer Toys 'R' Us.

The company's shares fell 3.2 percent to $90.94 before the bell. The toy industry was jolted by the retailer's collapse last October, forcing Hasbro, rival Mattel and other toy makers to find other outlets for sales during the all-important holiday season. However, 2017 was the worst year for movie ticket sales since 1992, according to Box Office Mojo, as moviegoers lost interest in sequels, in turn affecting the market for toys based on movie characters like Iron Man and Luke Skywalker.

"Our Partner Brands estimate of +8% could be too high as Stars Wars could have been below expectations," D.A. Davidson analyst Linda Weiser wrote in a pre-earnings note.

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But hey, Hammock Parties will be here shortly to tell us that Disney and Hasbro are extremely happy with the results of The Last Jedi.

02-08-2018, 11:24 AM	#3684
DaneMcCloud Supporter Join Date: Sep 2000 Location: Hollywood, CA Casino cash: $10053648	More fallout from The Last Jedi's divisiveness and underperforming box office results https://www.aol.com/article/finance/...hine/23355453/ Hasbro posts surprise revenue drop as Star Wars toys fail to shine Toymaker Hasbro Inc reported a surprise fall in quarterly revenue on Wednesday due to a decline in sales of its toys based on the Star Wars franchise and the lingering impact of the bankruptcy of retailer Toys 'R' Us. The company's shares fell 3.2 percent to $90.94 before the bell. The toy industry was jolted by the retailer's collapse last October, forcing Hasbro, rival Mattel and other toy makers to find other outlets for sales during the all-important holiday season. However, 2017 was the worst year for movie ticket sales since 1992, according to Box Office Mojo, as moviegoers lost interest in sequels, in turn affecting the market for toys based on movie characters like Iron Man and Luke Skywalker. "Our Partner Brands estimate of +8% could be too high as Stars Wars could have been below expectations," D.A. Davidson analyst Linda Weiser wrote in a pre-earnings note. --- But hey, Hammock Parties will be here shortly to tell us that Disney and Hasbro are extremely happy with the results of The Last Jedi.
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