COMPANIES / CONSUMER PRODUCTS
With sales of its girl-skewing toys up 21%, Rhode Island-based Hasbro swung to profitability during the first quarter of 2014. Hasbro’s results tell a different story from its closest competitor, Mattel, which posted quarterly net losses of US$11.2 million last week after a 14% decline in Barbie sales.
Featured iKids / iKIDS / KID INSIGHT / MOBILE / TV / WEB
Tablets and linear TV have long shared a convoluted relationship. And in many cases, the former has been touted as being a strong exponent of the latter. With 30% of its content focused on kids, year-old Swedish cloud-based TV operator Magine’s latest data shines a light on kids` evolving viewing habits and reveals that children are more inclined to watch shows on tablets than their parents.
Toronto, Canada-based Guru Studio has added Monika Sharma to the newly created position of director of marketing. The role was created to meet continued growth within the company’s production, sales, licensing and digital businesses, which has seen the staff grow to 230, a 53% increase from last year.
Daniel Tiger’s Neighborhood, which airs on PBS KIDS in the US, will see more shelf space stateside this year with an expanded toy line at Toys ‘R’ Us, as well as product launches at Target, Kmart and Barnes & Noble.
- Charter contests the proposed Comcast-Time Warner Cable merger (Variety)
- Is children’s poetry on the brink of extinction? (The Guardian)
- Will they or won’t they – Amazon denies plans to launch an ad-supported streaming service (Variety)
- How the women behind Animal Crossing: New Leaf created a much-needed hit for Nintendo (Wired)
Italy-based Atlantyca Entertainment and Scholastic USA have collaborated on the launch of the first Geronimo Stilton app for iOS devices that’s based on the popular book series.
While sessions on gaming for older kids and adults tended to significantly outnumber those focused on youngsters at last week’s Game Developers Conference, discussions at this year’s event surrounding the interplay of physical objects with digital content, education-based games, virtual reality experiences and the maker movement highlighted the growing importance of the gaming sector for today’s kids. Just ask those who were there.
- In Spain, TV networks are to blame for kids’ late bedtimes (The Guardian)
- Poor Pooh: Research finds that children’s books with humanized animals can be confusing – even detrimental – to kids (National Post)
- Aereo goes on the offensive (Variety)
- A new study traces autism within children’s brains (Wired)
At a presentation for analysts and investors yesterday, Antonio Urcelay, chairman of the board and CEO of Toys ‘R’ Us, along with company president Hank Mullany, outlined plans to transform the retailer’s core business in the wake of another round of disappointing quarterly results.