8:30 a.m. Feb. 25, 2021
- By Tonya Garcia
Hasbro extends partnership with Fortnite maker for next five yearsHasbro Inc. announced during its investor event on Thursday that its partnership with Epic Games, maker of the blockbuster Fortnite videogame, will continue for five more years. The new deal extends and expands the licensing deal first brokered two years ago, which brought Fortnite to the Nerf and Monopoly brands. Fortnite will now be integrated with other brands, including Fortnite x G.I. Joe Collab Snake Eyes: Zero Point Edition. Additional launches will come in the fall. Hasbro stock is down 2.6% over the last three months, but is up nearly 8% over the last year. The S&P 500 index is up 23.5% for the past 12 months. Also:
9:10 a.m. July 27, 2020
- By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 4.2 million after a fifth straight day of more than 1,000 deaths Dr. Deborah Birx says Kentucky, Indiana, Ohio, Tennessee and Virginia should reimpose lockdowns on bars and gatherings of more than 10 peopleThe U.S. case tally for the coronavirus illness COVID-19 rose above 4.2 million on Monday, after a fifth straight day of more than 1,000 new infections, as states in the South and West continue to struggle to contain the spread of the deadly illness.
3:00 a.m. June 24, 2020
- By rbisdale
How delayed movie releases are hurting the toy industryThe COVID-19 pandemic has forced many film releases to be pushed back for months. But what happens to the licensing deals with major toy manufacturers and retailers?