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Message: <blockquote data-quote="Ruin Explorer" data-source="post: 9219718" data-attributes="member: 18">This isn't necessarily a good way to understand Hasbro, though. Ultimately, all decisions about Hasbro are made by people who have shares in Hasbro, either because they bought them, or because as high-end Hasbro employees, they've been given them.If they spun off WotC, those people would likely make quite a lot of money individually. Now their Hasbro shares might not do as well, but why are they working at this failing Hasbro company? Oh, they're suddenly working at different companies and have sold their shares! (This is a simplification) Again, this has happened before.Alternatively, selling off WotC, as a notable profit-making entity, you could ask several times the price you could if WotC was only doing "okay". In general you want to sell assets when they seem valuable, not when they don't. Sometimes you have to do the latter, but it is to be avoided. And selling off WotC might give them an opportunity to do a big round of dividends to the shareholders - themselves! Plus potentially bonuses and so on for such a smart and successful action! And then you can just leave, and let what's left of Hasbro try to figure it out as shareholders abandon them en masse. Again, hardly unprecedented.I'm not saying this will happen, but I think a lot of the "It'll never happen!" arguments are fundamentally irrational.What I think is very unlikely is piecemeal sale of IPs, particularly D&D, without selling WotC. WotC is actually kind of relevant here because they can make the argument that their IPs are more valuable together than apart - cross-brand synergy and so on. I wouldn't be entirely unsurprised if, however, if Exodus is successful, particularly critically, but doesn't make crazy money, that say Archetype Entertainment might get sold off, in a few years (Sony might well be interested, given MS is essentially "full up" for now).</blockquote>

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