The Licensing Letter

Mergers & Acquisitions

Roundup: Business & Legal

The parentco of Coach, Kate Spade New York, and Stuart Weitzman will re-brand itself as Tapestry effective Oct. 31, 2017. CEO Victor Luis told WWE that the shift reimagines Coach as a "true house of emotional, desirable brands," that will "extend into new categories and markets" within "the very attractive and growing $80 billion global market for premium handbag and … [Read more...] about Roundup: Business & Legal

M&A & Promotions

CORRECTION: On Sept. 9, we reported a new “patent cross-licensing” deal between Scientific Games and Intl. Game Technology (IGT). The agreement only covers "game features" patents, and does not, as our earlier story might have suggested, cover other types of intellectual property such as brand licenses. Learfield and IMG make their union official, formally announcing a … [Read more...] about M&A & Promotions

M&A & Other Business

Ravensburger acquires ThinkFun, a U.S. developer of logic and STEM-based games. ThinkFun will continue to operate independently as a subsidiary of Ravensburger North America. Co-founder Bill Ritchie remains as CCO, as well as all directors and staff. Universal is in talks to sell its stake in Oriental DreamWorks, the China-based joint venture animation company, according to … [Read more...] about M&A & Other Business

TRU’s Debt & Other Toy/Game News

By Karina Masolova, karina@plainlanguagemedia.com In the face of a $400 million debt due in 2018, Toys 'R' Us has retained a law firm to help restructure its financial obligations. The toy retailer has not ruled out bankruptcy as part of its plan, and is also looking at obtaining additional financing. TRU is also continuing to work with financial advisory firm Lazard, which … [Read more...] about TRU’s Debt & Other Toy/Game News

M&A & Investments

Discovery Communications will buy Scripps Networks Interactive for $11.9 billion early next year. The deal includes the assumption of $2.7 billion of Scripps’s net debt. Hasbro ends talks to buy out Lions Gate Entertainment, reportedly because of price disagreements. This comes after ultimately failed negotiations to buy out DreamWorks Animation in 2014, which was ultimately … [Read more...] about M&A & Investments

Mergers & Acquisitions

Phoenix Asset Management increases its stake in Hornby Hobbies to over 70% after increasing its stake to over 50% last month. Italian toy manufacturer Giochi Preziosi sells its 50% stake in Prenatal Retail Group to Artsana, giving Artsana full ownership of European retail brands brands Toy Centre, King Jouet, Prenatal, and Bimbostore. The deal is estimated to be worth 105 … [Read more...] about Mergers & Acquisitions

M&A & New Media

Hasbro launches its first-ever subscription service in April with the Gaming Crate, priced at $49.99 per crate, plus shipping. Each box includes three curated games that are new to the Hasbro Gaming portfolio. The crates fall into two themes: Family, which offers games designed to be played together by kids and adults, and Party, which contains games geared towards adult game … [Read more...] about M&A & New Media

M&A: Coach, Pokémon & DHX

DHX Media acquires the entertainment division of Iconix Brand Group for $345 million, which includes a both an 80% controlling interest in Peanuts and 100% of Strawberry Shortcake. The remaining 20% interest in Peanuts will continue to be held by members of the family of Charles M. Schulz. The transaction is expected to close on or around June 30, 2017. The deal will give the … [Read more...] about M&A: Coach, Pokémon & DHX

M&A Shorts

The United States Tennis Association (USTA) and Aramark partner to provide retail merchandise services for the USTA Billie Jean King National Tennis Center, home of the US Open. Under the multi-year agreement, Aramark will manage all aspects of the US Open Tennis Championships’ retail sales and merchandising operations throughout the grounds of the National Tennis Center. … [Read more...] about M&A Shorts