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Toy maker Mattel is combining its film and television units to form Mattel Studios, it said on Monday, as the company seeks to produce entertainment driven by its brands and potentially repeat the commercial success of the "Barbie" movie.
EXCLUSIVE: Mattel, the global toy and family entertainment company behind Barbie, today announced the formation of Mattel Studios, which will bring the company's film and television units together under the leadership of Robbie Brenner.
Mattel's recent volatility is driven by shifting tariff risks, but operational improvements and cost savings are supporting solid financial performance. Tariff exposure remains a key uncertainty, but mitigation efforts and production shifts out of China should reduce long-term impact to about $50 million in free cash flow. Strong Q1 results, ongoing buybacks, and a healthy balance sheet reinforce confidence in Mattel's ability to deliver at least $550 million in 2025 free cash flow.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (Nasdaq: MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, today announced that it has partnered with Uken Games, an independent game studio based in Canada, known for building games that captivate millions of players worldwide, to develop Mattel™ Match: Toybox Unlocked, a free-to-play match game that brings together all of Mattel's iconic brands in a brand-new digital.
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel announced today, the launch of UNO Social Clubs – an elevated social experience where friends connect, compete and create memories.
The market was on fire early on Monday after President Donald Trump announced the reduction of tariffs on Chinese imports from the self-imposed 145% to 30%, for at least the next 90 days. This will allow for more negotiations, and although a deal is far from final, it looks like the tensions are coming down for now.
Shares of Mattel, Hasbro, Jakks and Funko rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China. The agreement will pause most tariffs and other trade barriers for 90 days, including reducing the 145% levy President Donald Trump had in place on Chinese imports to 30%.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Today, Mattel, Inc. (NASDAQ: MAT) announced that Hot Wheels®, the number one selling toy in the world1, is updating its tracks and playsets to feature a Speed Snap™ Track System, its most significant track innovation since it debuted the iconic orange track in 1968. Designed to transform the way kids build and play, this new modular system streamlines assembly, enhances track customization and elevates playability, delivering an unmatched play experience. Th.
Mattel's (MAT -0.12%) stock was something of a hot item after the toy company reported its first-quarter results in early May -- and not only because it scored a double beat on analyst estimates. At a time when investors are worried about the impact of the current tariff war on American commerce, the company's management said the right things about its ability to weather the storm.