Children’s app developer Toca Boca, the company behind open-ended play apps like Toca Tailor, is growing with the acquisition of Toronto-based zinc Roe and its Tickle Tap app series. The name of the 10-person company will change from zinc Roe to Sago Sago.
The financial struggle continues for Malibu, California-based toyco Jakks Pacific. The company reported that net sales for the fourth quarter of 2012 came in at US$133.5 million, compared to US$141.1 million during the same period in 2011. The reported net loss for the fourth quarter was US$119.5 million.
FremantleMedia has announced it will dismantle its FremantleMedia Enterprises arm and create two global stand-alone divisions, one focused on kids and family entertainment and distribution, the second fixed on digital and branded entertainment.
Toyco Mattel’s 4Q net income fell 17%, due to the payment of US$137.8 million to cover compensation and punitive damages to MGA Entertainment to satisfy the judgement of ongoing litigation over the Bratz brand.
It looks like it wasn’t strictly fun and games during the 2012 holiday shopping season. Merchants at American Toys ‘R’ Us stores were more inclined to purchase toys within the Learning segment rather than those in the Entertainment category, which witnessed a sales decrease of 1.9% over December 2011.