Tag Archives: hasbro

#BRUHNews: Hasbro Stole Suge Knight’s Toys, Now Owns Death Row Records #DeathRowRecords

BET NETWORKS Hosts Exclusive Dinner & Performance For upcoming docuseries "Death Row Chronicles"

Source: Rich Polk / Getty

In some of the most random news that came across most timelines, toy company Hasbro now has ownership of the house that Suge Knight built. Hasbro now owns Death Row Records after acquiring Canadian company Entertainment One in a massive sweep of properties.


Deadline
reports:

The combination will blend eOne preschool brands like Peppa Pig and PJ Masks with Hasbro’s TV and film expertise, which has taken a leap over the past decade through franchises like Transformers.

Under the deal, eOne shareholders will receive $6.86 in cash for each common share of eOne, which is a 31% premium to eOne’s 30-day volume weighted average price as of today.

In a conference call with investors, Hasbro CFO Deborah Thomas said the companies have identified about $130 million in cost synergies by 2022. The savings can be achieved through shifts like bringing licensing activities in-house, she said. CEO Brian Goldner said the $130 million is cost savings only, not revenue opportunities.

As noted by Rolling Stone, Entertainment One, one of the larger independent music labels, which acquired Death Row’s catalog back in 2013.

As one can image, the reaction on social media has been amazing thus far and Death Row Records is currently trending on Twitter. We’ve got some of the reactions below.

Photo: Getty

Source: HipHopWired.com

Click Here to Discuss in the Forums

Spread the love
             
 
   

Toy Company Hasbro Now Owns Death Row Records

Hasbro the company that owns Furbies, My Little Pony, and more toy franchises is now the owner of Death Row Records.

Rolling Stone reported the toy and board game brand acquired the iconic West Coast record label’s discography with the $4 billion purchase of Entertainment One.

eOne became the parent company of Death Row Records in 2013 when they bought the label’s entire catalog for about $280 million, 7 years after Death Row filed for bankruptcy.

“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,” Hasbro CEO Brian Goldner said in a statement.

Aside from the Death Row Records acquisition, Hasbro now owns new popular cartoons like Peppa Pig and PJ Masks.

The post Toy Company Hasbro Now Owns Death Row Records appeared first on The Source.

Click Here to Discuss in the Forums

Spread the love