WotC Hasbro Rejects Plan to Spin Off Wizards of the Coast

[Parmandur]

So, it looks like Hasbro has flatly rejected the activist investor proposal to change their current trajectory, fairly soundly:

"Cocks used to head the Wizards unit and wrote in a separate letter on Monday 'the fundamental game plan we used at Wizards will be the roadmap we follow for the rest of Hasbro.'"

"The company, valued at $11.7 billion, will focus on 'fewer, bigger strategic priorities and scale, driving sustainable, profitable growth across bets with billion-dollar plus revenue potential,' he added."

Hasbro adds two directors, plans to keep Wizards unit

Hasbro Inc on Monday added two directors to its board and said it will keep its Wizards of the Coast unit, rejecting calls from an activist investor to spin off the profitable unit and refresh the toy maker's board with its director nominees.

www.reuters.com

 

[LuisCarlos17f]

Is anybody surprised? I'm not.

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Hasbro Named as One of the 2021 World’s Most Ethical Companies for 10th Consecutive Year

Hasbro, Inc., a global play and entertainment company, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical ...

www.businesswire.com

 

[Parmandur]

Is anybody surprised? I'm not.

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Hasbro Named as One of the 2021 World’s Most Ethical Companies for 10th Consecutive Year

Hasbro, Inc., a global play and entertainment company, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical ...

www.businesswire.com

YeYeah, these guys came off as pretty ridiculous.

 

[BookTenTiger]

My only understanding of the corporate world comes through the show Succession, so this seems to fit the model pretty well.

 

[Deset Gled]

Is anybody surprised? I'm not.

I was kinda surprised at how much attention the investment group got. It was a weird play to try and claim they were acting in the best interest of the fanbase.

 

[Parmandur]

I was kinda surprised at how much attention the investment group got. It was a weird play to try and claim they were acting in the best interest of the fanbase.

Yeah, wasn't sure if they were weird fans, or cynics trying to weaponize fans. Maybe both?

 

[Jer]

Yeah, wasn't sure if they were weird fans, or cynics trying to weaponize fans. Maybe both?

I assumed both.

 

[Deset Gled]

Yeah, wasn't sure if they were weird fans, or cynics trying to weaponize fans. Maybe both?

I'm starting to notice a pattern...

WotC - ICv2 Has A Theory That WotC Will Be Sold

Saw this in ICv2 today. https://icv2.com/articles/news/view/47054/rolling-initiative-a-case-possible-sale-wizards-coast-being-horizon

www.enworld.org

D&D 5E - Rumor: Hasbro is "prepping" to sell Wizards of the Coast in 2021.

Just thought I would share this. Link to page here

www.enworld.org

Should we expect another round of discussion about WotC breaking away from Hasbro in 2024?

 

[Henadic Theologian]

This was a huge mistake by the board. It's not over, it's just going to get alot nastier.

 

[Vaalingrade]

Yeah, wasn't sure if they were weird fans, or cynics trying to weaponize fans. Maybe both?

Weaponizing nerds has been lucrative of late.