Hasbro Sees eOne Film, TV Business Rebound in Second Quarter

Shares in Hasbro jumped $8.82, or 9.5 percent, to $101.23 in trading on Monday morning. Overall, the toy maker shrunk its net loss by 32 percent to $22.9 million or $0.17 per diluted share, driven in part by a loss recorded on assets held for sale related to the eOne Music business.

A charge of $101.8 million related to the loss on eOne Music assets and $7.3 million in related transaction costs were posted during the latest quarter.of the eOne Music business in the beginning of the fiscal third quarter 2021. The division was sold to entities controlled by Blackstone, which also own SESAC, a leading music rights organization purchased for a reported $1 billion in 2017.

The deal for eOne Music follows Hasbro acquiring eOne for $3.8 billion as part of a 2019 merger deal for the Canadian indie film and TV studio and distributor. That transaction included the eOne kids series

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Toymaker Hasbro revenue beats as TV, film business reboundsHasbro beat quarterly revenue estimates on Monday as its film and television production business returned to growth after being largely shut down last year. I managed to get my students start up capital of $900 and traded it and I got $2400 within 70 hours of trading in a week. Trade today and stand a chance of winning big I always make profit from the market irrespective of that. Send an inbox to +1(386) 259-0446 Let's activate Maybe now they can afford to bring back the 'Classic Edition' of Monopoly. It is sold as such by Amazon, Walmart, etc., but what you get is the '1980s Edition.' Just told in a Hasbro live chat that I shld try eBay. Fingers crossed Hasbro amazon walmart nomorebaitandswitch
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