Hasbro acquires Power Rangers for $500 Million. Bring on Megazord vs Predaking!

Discussion in 'Transformers News and Rumors' started by allew, May 1, 2018.

  1. allew

    allew Well-Known Member

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    Press Release from Hasbro:

    LOS ANGELES & PAWTUCKET, R.I.--(BUSINESS WIRE)--May 1, 2018-- Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, and Saban Properties LLC today announced that the companies have signed a definitive agreement for Hasbro to purchase Saban’s Power Rangers and several other entertainment brands, including My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and others, in a combination of cash and stock valued at $522 million.

    This press release features multimedia. View the full release here: Hasbro to Acquire Saban Brands’ Power Rangers and Other Entertainment Assets

    “Power Rangers is an iconic brand built on a heritage of great storytelling and merchandising with tremendous upside potential when fully executed across Hasbro’s Brand Blueprint,” said Brian Goldner, Hasbro’s chairman and chief executive officer. “Shortly after entering into our licensing arrangement, it became clear that now was the time to begin investing in unlocking Power Rangers’ full potential. We see significant opportunity for Power Rangers across our entire Brand Blueprint, including toys and games, consumer products, digital gaming and entertainment, as well as geographically throughout our global retail footprint. We couldn’t be more pleased that Haim Saban will continue in a consulting role to further guide our development of this valuable property for the next generation of Power Rangers fans.”

    “25 years after launching Power Rangers, I believe the future for this brand has never been greater,” said Haim Saban, founder of Saban Brands and creator of Power Rangers. “Hasbro’s leadership in innovation, storytelling and brand stewardship make it the perfect company to further develop the global reach and appeal of the Power Rangers property. I look forward to working with Brian and the team in the years to come.”

    Created by Haim Saban and launched in 1993, Mighty Morphin Power Rangers quickly became a pop culture phenomenon. Today, Power Rangers is one of the longest running kids’ live-action series in television history with nearly 900 episodes produced to date. The TV series, currently in its 25th season with Power Rangers Super Ninja Steel, and feature films, including 2017’s movie with Lionsgate, follows the adventures of a group of ordinary teens who morph into superheroes and save the world from evil. Saban’s Power Rangers currently airs in 150 markets around the world and is translated into numerous languages.

    The first set of products from Hasbro will be available in spring 2019.

    Transaction Details
    Hasbro has previously paid Saban Brands$22.25 million pursuant to the Power Rangers master toy license agreement, announced by the parties in February of 2018, that was scheduled to begin in 2019. Those amounts are being credited against the purchase price. Under the terms of the purchase agreement, Hasbro will pay an additional $229.75 million in cash and will issue $270 million worth of Hasbro common stock for the Power Rangers brand and several other entertainment brands. The agreement includes all related intellectual property, category rights and content libraries owned by Saban Properties and its affiliates. The transaction is subject to a number of customary closing conditions, including obtaining required regulatory approvals, and is expected to close during the second quarter of 2018.

    The transaction, including intangible amortization expense, is not expected to have a material impact on Hasbro’s 2018 results of operations.

    J.P. Morgan Securities LLC is serving as financial advisor to Hasbro.

    About Hasbro

    Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World's Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands, including NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE and MAGIC: THE GATHERING, as well as premier partner brands. Through its entertainment labels, Allspark Pictures and Allspark Animation, the Company is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for children and their families through corporate social responsibility and philanthropy. Hasbro ranked No. 1 on the 2017 100 Best Corporate Citizens list by CR Magazine, and has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past seven years. Learn more at www.hasbro.com, and follow us on Twitter (@Hasbro & @HasbroNews) and Instagram (@Hasbro).

    © 2018 Hasbro, Inc. All Rights Reserved.

    About Saban’s Power Rangers

    Saban’s Power Rangers franchise is the brainchild of Haim Saban, creator and producer of the original, Mighty Morphin Power Rangers hit series that launched in 1993. Following its introduction, “Power Rangers” quickly became the most-watched television program in the United States and remains one of the top-rated and longest running kids live-action series in television history. The series, currently in its 25thseason, follows the adventures of a group of ordinary teens who morph into superheroes and save the world from evil. It is seen in more than 150 markets, translated into numerous languages and a favorite on many key international children’s programming blocks around the world. For more information, visit www.powerrangers.com.

    About Saban Brands

    Formed in 2010 as an affiliate of Saban Capital Group, Saban Brands acquires, develops and manages a world-class portfolio of entertainment properties. Saban Brands applies a global 360-degree management approach to growing and monetizing its brands through content, digital, marketing, distribution, licensing and retail in markets worldwide. Saban Brands’ growing entertainment portfolio of brands includes Power Rangers, Treehouse Detectives, Julius Jr., Popples, Glitter Force, and Cirque du Soleil Junior – Luna Petunia, amongst many others. Saban Brands is headquartered in Los Angeles with a global network of offices. For more information, visit www.sabanbrands.com.

    Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include expectations concerning Hasbro’s potential performance in the future, its ability to achieve its financial and business goals and the expected timing for closing this transaction and may be identified by the use of forward-looking words or phrases. Hasbro's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Specific factors that might cause such a difference include, but are not limited to: (i) the company’s ability to successfully develop and commercialize the brands it is acquiring, (ii) the ability to receive required regulatory approvals in a timely manner, and (iii) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and Securities and Exchange Commission (“SEC”) filings. Hasbro undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.

    HAS-IR
    HAS-C
    HAS-B



    View source version on businesswire.com: Hasbro to Acquire Saban Brands’ Power Rangers and Other Entertainment Assets

    Source: Hasbro, Inc.

    Hasbro:
    Investor Contact:
    Debbie Hancock, 401-727-5401

    debbie.hancock@hasbro.com
    or
    Press Contact:
    Julie Duffy, 401-727-5931

    julie.duffy@hasbro.com
    or
    Saban:
    Press Contact:
    Sard Verbinnen & Co
    Stephanie Pillersdorf, 212-687-8080
    sp@SARDVERB.com
     
    Last edited: May 1, 2018
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  2. Schadenfreude

    Schadenfreude Well-Known Member

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    “Alpha, I need five teens with attitude and enough flexibility to fold in half and form a robots head!”
     
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  3. King Glurch

    King Glurch Senpai noticed me

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    That’s gonna be a big robot...
     
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  4. Schadenfreude

    Schadenfreude Well-Known Member

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    I could absolutely get behind an official repaint set of the PotP Dinobots as the original Megazord. Maybe include a set of five Prime Masters.
     
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  5. Purple Heart

    Purple Heart Stone Grey

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    The masters of toy robots making Megazords....

    Now if only they could buy the rights for RID(2001) back!
     
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  6. MrSoundmeister

    MrSoundmeister Bang,Bang Boom!

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    "Ayayeaye! But Zordon, we kinda have the faceplates shaped up like Morphers! You think that would work?"
     
    Last edited: May 1, 2018
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  7. Music

    Music Primetimus Prime

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    Wait, so does this give them the rights to produce films as well? If so, that Hasbro Cinematic Universe is about to be a lot larger.
     
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  8. Purple Heart

    Purple Heart Stone Grey

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    OwO

    Holy shit.
     
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  9. rapid_fire

    rapid_fire TFW2005 Supporter

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    Awesome!!
     
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  10. Hanzkaz

    Hanzkaz Well-Known Member

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    Power Rangers by Michael Bay?

    Remold and repaint Volcanicus into a version of the original Megazord and I'll get it. I was a Power Rangers fan back in the day, but I found the toys pretty disappointing compared to regular Transformers.

    Actually, instead of an Volcanicus remold, perhaps Hasbro should just focus on making a properly articulated Megazord. The lack of an individual robot mode should make Megazord and Zord designs easier to deal with compared to normal Transformers.
     
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  11. Music

    Music Primetimus Prime

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    Oh god, no. But really, I don't see Michael Bay doing anything with any Hasbro property after 'The Last Mistake'.
     
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  12. MrSoundmeister

    MrSoundmeister Bang,Bang Boom!

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    "The LOST Knight"? Yeah, I can see Bay is out of his element by this point.
     
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  13. Ejector369

    Ejector369 Well-Known Member

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    Next thing you know, Boom! Studios will lose the Power Rangers comic book rights to IDW Publishing.
     
  14. Eric

    Eric Per sempre marciamo.

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    Not gonna lie, I'm ecstatic.

    Now give me a crossover with the Power Rangers teaming up with the Transformers and I can die happy.
     
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  15. Novaburnhilde

    Novaburnhilde Neoseed

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    Well then, that happened.

    That would be awful.
     
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  16. WishfulThinking

    WishfulThinking "Don't touch it! It's evil!"

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    It could happen. No one is quite certain if Saban got the rights back in 2010 or not. If so, it's all good. If not, Hasbro now has a strong case to deal with Disney, of whom they have a great working relationship with as of this moment.
     
    Last edited: May 1, 2018
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  17. oku

    oku Well-Known Member

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    Will the combiner finally have elbow joints?
     
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  18. Yaujta

    Yaujta Chill dad. TFW2005 Supporter

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    I guess I'm in the minority that couldn't care less. I have loathed PR since I was a kid, and they never appealed to me in the slightest since then. I had my fill of silly monster suits with Godzilla, and even those were leagues better than the PR stuff.
    Oh well, if it helps to bring more Transformers, then all the better.
     
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  19. WishfulThinking

    WishfulThinking "Don't touch it! It's evil!"

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    I couldn't stand Power Rangers back in the day, either. Then I saw Pacific Rim and it all made sense. I also found that watching the Super Sentai shows is much, much better than what we received here in the States.

    Although this does lead into my thought for the afternoon. If a Transformers fan wasn't a Power Rangers fan before, does this announcement mean folks will be willing to give the franchise a second look?
     
  20. herugrim

    herugrim Defiler of Energon

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    This is what I'm worried about. IDW would ruin this.

    On the bright side it would be interesting seeing a crossover figure line. A live action flim crossover would also be great but I doubt it will happen.
     
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