Tag Archives: Hasbro

IDW loses millions; CEO steps down after only seven months on the job

IDW Media Holdings CEO Kerry McCluggage is stepping down after assuming the position in July 2018. McCluggage will be replaced by IDW’s chairman and largest stockholder, Howard Jonas. This action comes as the company’s 2018 annual report shows a $36 million loss, including a loss of $28.8 million in its fiscal Q4 alone, according to a breakdown by ICv2. The primary

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IDW’s new leadership have their work cut out for them

In late April, comic book publisher IDW announced that John Barber would be the company’s new Editor-in-Chief, and Anita Frazier would be the new Senior Vice President of Sales and Marketing. Barber in particular has a long resume in the comic book industry, including well-regarded stories at Marvel Comics such as Old Man Logan and Marvel Zombies as well as

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Drowning in unsold Rose Tico toys, Hasbro finds life raft by acquiring Power Rangers

This past Tuesday, toy maker Hasbro agreed to acquire several children’s entertainment franchises from Saban Entertainment including the Power Rangers for around $520 million in cash and stock. The deal follows some tough financial times for Hasbro, who is looking to diversify their revenue streams outside of toys following a loss of $112.5 million last quarter ending 1 April. The

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