Welcome to Purple Pawn, covering games played around the world by billions of people every day.
16 Mar
Posted by Yehuda Berlinger as Card Games, CCGs, Modern Board Games, Other
Jakks Entertainment (Disney, Hannah Montana, Care Bears, etc) is looking forward to a weak 2009, after worse than expected 4th quarter results, and low sales in 2008. Net income in Q4 was half that of Q4 2007. Sales were down 6%. In essence, they’re saying that sales of new toys are not enough to offset the declining sales of brands no longer in favor, such as Hannah Montana. (source)
Leapfrog (mostly toys) lost $68 million on sales of $459 million in 2008. They cut 131 people in the first nine months of ’08, and an additional 43 in sales staff. As a result, they paid no executive bonuses. What a concept. (source)
4Kids (Chaotic) was also down in 2008. Revenue was up over 2008 ($63.7 million compared to $55.6 million in 2007), though down in Q4 ($14.3 million compared to $16.5 million in 2007). Net loss was $36 million. A quarter of the revenue for 2008 was from Chaotic cards, but even these underperformed in Q4. They still have big hopes for the brand in 2009. (source)
Sorry, the comment form is closed at this time.