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Toymaker Hasbro posts quarterly profit beat, slower sales decline
  + stars: | 2024-04-24 | by ( ) www.cnbc.com   time to read: +1 min
Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys. However, efforts to clean up its inventory throughout 2023, along with cost efficiencies, helped its operating margin expand to 15.3%, from 1.8% last year. On an adjusted basis, Hasbro reported earnings per share of 61 cents in the quarter ended March 31, compared to 1 cent last year. The toy maker said it was on track to achieve the fiscal 2024 targets it set in February. On Tuesday, Barbie maker Mattel posted a smaller-than-expected loss for the first quarter, helped by its costs-saving measures.
Persons: Barbie, Mattel Organizations: Hasbro, Walmart, Target, Revenue, Wizards, Coast
Critical Role recently released "Candela Obscura," a gothic horror roleplaying game. AdvertisementIn October, Critical Role, a crew of eight self-professed "nerdy-ass voice actors," played their long-running "Dungeons & Dragons" game at a sold-out Wembley Arena. These qualities make O'Brien ideal for stepping into the game master role for "Candela Obscura," Critical Role's new gothic horror game, and he's leaning hard into the tragedy. AdvertisementIt's also one of the more punishing gaming systems he's played in, O'Brien told me during our video call. Mercer, the team's designated game master, is the one who crafts the narrative and controls how the story develops.
Persons: Liam O'Brien, , Matthew Mercer, O'Brien, I've, It's, he's, Twitch, Mercer, — O'Brien, — Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward —, Taliesin Jaffe, Alexander Ward, Julius Caesar, Irish, Martin McDonagh, Spenser Starke, Rowan Hall, Aabria Iyengar, Starke, Mary Shelley, it's, Amazon, Marisha Ray, Travis Willingham, Ashley Johnson, Sam Riegel, Laura Bailey, Matthew Mercer Robyn von Swank Organizations: Service, Wembley, Darrington Press, Hasbro's, Hasbro, CR Locations: Europe, Ireland, New York, Mercer, Starke
Critical Role recently released "Candela Obscura," a gothic horror roleplaying game. These qualities make O'Brien ideal for stepping into the game master role for "Candela Obscura," Critical Role's new gothic horror game, and he's leaning hard into the tragedy. AdvertisementIt's also one of the more punishing gaming systems he's played in, O'Brien told during our video call. Mercer, the team's designated game master, is the one who crafts the narrative and controls how the story develops. "I always prefer complicated narratively satisfying endings to a neat little happy ending," O'Brien told me.
Persons: Liam O'Brien, , Matthew Mercer, O'Brien, I've, It's, he's, Twitch, Mercer, — O'Brien, — Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward —, Taliesin Jaffe, Alexander Ward, Julius Caesar, Irish, Martin McDonagh, Spenser Starke, Rowan Hall, Aabria Iyengar, Starke, Mary Shelley, it's, Amazon, Marisha Ray, Travis Willingham, Ashley Johnson, Sam Riegel, Laura Bailey, Matthew Mercer Robyn von Swank Organizations: Service, Wembley, Darrington Press, Hasbro's, Hasbro, CR Locations: Europe, Ireland, New York, Mercer, Starke
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonumental Sports CEO Ted Leonsis on $515M D.C. deal: I really, really admire what our mayor didTed Leonsis, Monumental Sports founder and CEO, joins 'Squawk Box' to discuss the company's $515 million deal with Washington D.C to keep the Wizards and Capitals in the city, how the agreement was reached, valuation of sports teams, investing with Qatar, rise of women's sports, and more.
Persons: Ted Leonsis Organizations: Monumental, Monumental Sports, Washington D.C, Wizards, Capitals Locations: Qatar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWashington D.C. Mayor on $515M Monumental deal: We believe that D.C. teams should play in D.C.Washington D.C. Mayor Muriel Bowser joins 'Squawk Box' to discuss the $515 million deal with Washington Wizards and Capitals owner Ted Leonsis to keep both teams in Washington D.C. until at least 2050, how the agreement was reached, and more.
Persons: Muriel Bowser, Ted Leonsis Organizations: Washington, Washington D.C, Washington Wizards, Capitals Locations: Washington
Talks on Luring NHL’s Capitals and NBA’s Wizards to Virginia Are Over, City of Alexandria SaysThe city of Alexandria says negotiations to lure the NHL’s Washington Capitals and NBA’s Washington Wizards to northern Virginia have “ended” and the proposal to create a development district with a new arena for the teams “will not move forward.”
Persons: Organizations: NHL’s Capitals, NBA’s Wizards, Washington Capitals, NBA’s Washington Wizards Locations: Virginia, City, Alexandria
The Opportunistic Trader ETF, trading under the ticker "WZRD," launched on Wednesday and quickly surpassed $15 million in assets. Benedict is a former hedge fund manager who later founded The Opportunistic Trader, an information and education service about his strategies. And he's not the only hedge fund veteran trying out products that are open to retail investors. The WZRD ETF won't be a buy and hold strategy common among ETFs, according to securities filings and the Opportunistic Trader team. Rise of active ETFs The rise of hedge-fund like ETFs is part of a broader trend toward more active funds.
Persons: Larry Benedict, Jack Schwager, Benedict, Pershing, Bill Ackman, James Hickey, Hickey Organizations: Trader, SEC, Trust, Nvidia, JPMorgan Chase Locations: United States, WZRD
Sometimes events are simply fantasy themed, without reference to specific books or fantasy worlds. Dreams shattered.”She attributes the growing demand for fantasy events to the commercial success of fantasy romance books, especially among Millennial women. The past year has also seen a spike in the popularity of “romantasy,” or romance fantasy books. “You know, work dredges on for a lot of people,” said Brittany Proctor, a Michigan-based entrepreneur who’s been hosting fantasy balls in the Midwest since 2022. In fact, Proctor is considering scaling back some of her events due to the sheer number of these fantasy balls that have been cropping up in recent years.
Persons: San Diego Comic Con, Con, Harry Potter, , Katherine Stinson, Eric Atticus, Stinson, Dana John, , she’s, Alexander Chernev, Matt Harris, Sarah J, Maas, Patti McConville, Juliette Sureau, Sureau, Sophie Valfroy, “ romantasy ”, “ They’re, ” Juliette Sureau, Shaun Wada, Ariana Smoak Holly Simone, Tok, Simone, Shawn Strider, ” Stinson, Brittany Proctor, who’s, ” Maja Djikic, you’re, ” Djikic, Proctor, “ I’ve, I’m Organizations: New, New York CNN, Social, Allied, Research, Disney, Universal, San Diego Comic, TikTok, CNN, Stinson, Northwestern’s Kellogg School of Management, Barnes, Noble Booksellers, Times, Google, , University of Toronto Locations: New York, Canada, Houston, Houston , Texas, Texas, New York City, USA, TikTok, Columbia , South Carolina, London, Los Angeles, Michigan, , Bahamas
The cast of Critical Role launched the open beta for their new gaming system, "Daggerheart," on Tuesday. Last year, people packed into a sold-out Wembley Arena to watch the eight-person cast of Critical Role play "Dungeons & Dragons." But on Tuesday night, they took a break from the game that made them famous and launched "Daggerheart," their answer to "Dungeons & Dragons." The previous edition's Open Game License, or OGL, allowed creators to publish and profit from work compatible with the game. It's possible to rebuild your "Dungeons & Dragons" characters in "Daggerheart," and the complex capabilities built into the game allow for extended narrative-driven campaigns.
Persons: they've, , Matthew Mercer, It's, it's, Travis Willingham, Willingham, there's, Elon Musk, Gizmodo Organizations: Twitch, Hasbro, Service, Wembley, Darrington Press, BI
Rich Paul attends a basketball game between the National Basketball Association's Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020. He will work closely with Robinhood CEO Vlad Tenev to identify new partnership opportunities in the sports and entrepreneurship space. Paul, who founded Klutch in 2012, represents some of the biggest names in sports, including James. "When you think about what Robinhood represents, it represents access and entrepreneurship." Correction: Rich Paul is joining Robinhood as a strategic advisor.
Persons: Rich Paul, Robinhood, LeBron James, Rich Paul's, Paul, Vlad Tenev, Tenev, Rich, James, Klutch, Draymond, Trae Young, A'ja Wilson —, Klutch —, Ben Baller, brokerages Organizations: National Basketball, Los Angeles Lakers, Boston Celtics, Staples Center, Klutch Sport Group, CNBC, Klutch Sports, Klutch, United Talent Agency, Washington Wizards, Washington D.C, NBA, Robinhood, CNBC PRO Locations: Los Angeles, Robinhood, Washington, Metro, Akron
RICHMOND, Va. (AP) — A top Democratic Virginia lawmaker vowed Wednesday to keep language enabling a proposed relocation by the NBA’s Washington Wizards and NHL’s Washington Capitals to Alexandria out of the state budget lawmakers will take up later this week. Glenn Youngkin's plan to lure the teams across the Potomac River with a $2 billion development district featuring a new arena. Moving forward, if the arena is excluded from the budget, Youngkin has a few options. Virginia governors have the ability to seek amendments to legislation, so he could attempt to put the arena language back in the budget. Democrats, who control both General Assembly chambers, could lose Youngkin’s support for some of their own priorities if they kill the arena deal.
Persons: Sen, Louise Lucas, Glenn Youngkin's, Lucas, Macaulay Porter, Youngkin, Democratic Del, Luke Torian, Lucas ’, Ted Leonsis, , doesn't, Del, Mark Sickles, Torian, we’re, Youngkin’s Organizations: Democratic, Washington Wizards, NHL’s Washington Capitals, Finance, Commonwealth, Republican Gov, Delegates, Monumental Sports & Entertainment, Monumental, Capitals, Wizards, Capital One, , House, Senate, Republicans Locations: RICHMOND, Va, Alexandria, Washington, Virginia, Hampton Roads
Off the Board Game, Onto the Digital Canvas
  + stars: | 2024-03-06 | by ( Travis Diehl | ) www.nytimes.com   time to read: +1 min
The capricious churn of internet-charged culture is producing more main characters, apocrypha and relics than we can handle. Simon Denny, an artist working in Berlin, creates sculptures, installations, videos and prints inspired by the aesthetics of tech companies. In two concurrent shows in Manhattan he has seized on omens like the blade to explore the sociopolitical fallout of the technology industry’s taste for medieval lore. In Denny’s telling, dreams of wizards and blacksmiths, dark forests and dank castles shape the newest digital realms. The sculpture is plugged into a power strip that Denny sourced from a liquidation sale at Twitter during its Musk-mandated transition to X.
Persons: Grimes —, Elon Musk —, Simon Denny, , Denny Organizations: Twitter Locations: Canadian, Berlin, Manhattan, New York, Grimes
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. LeBron James surpassed 40,000 career points during Saturday night's home game between his Los Angeles Lakers and the Denver Nuggets, further solidifying his place in the NBA record books. A layup in the second quarter had James reach 40,000 points, and another layup ensured he surpassed the mark. "No one has ever done it," he said of scoring 40,000 career points at the postgame news conference on Thursday. On Christmas night, a 3-pointer against the Phoenix Suns pushed him past 10,000 career NBA points.
Persons: LeBron James, James, LakersNation.com, He's, Vince Carter, Bryce, Laker Kareem Abdul, Abdul, isn't, Kevin Durant, Luka Dončić, Oklahoma City Thunder's Shai Gilgeous, Alexander, Milwaukee Bucks Giannis Antetokounmpo, Donovan Mitchell Jr, Durant, I'm Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Crypto.com Arena, Denver Nuggets, Lakers, Nuggets, basked, state's Cleveland Cavaliers, Miami Heat, Toronto Raptors, University of Southern, Sierra Canyon School, Oklahoma Thunder, Thursday's Lakers, Washington Wizards, Phoenix Suns, Dallas Mavericks, Oklahoma City, Milwaukee Bucks, Cleveland Cavaliers, Wizards Locations: Los Angeles, University of Southern California, Slovenian
CNN —Los Angeles Lakers superstar LeBron James has become the first player in NBA history to score 40,000 career points, accomplishing the milestone on Saturday during the team’s home game against the Denver Nuggets. The 39-year-old has been in uncharted territory since surpassing Kareem Abdul-Jabbar’s 38,387 points to become the NBA’s all-time leading scorer last season. The four-time NBA champion entered the night nine points shy of the 40,000 mark. LeBron James #23 of the Los Angeles Lakers scores his 40,000th career point during the game against the Denver Nuggets. Earlier this season, James helped lead the Lakers to the inaugural NBA In-Season Tournament championship title, while earning tournament MVP honors.
Persons: LeBron James, James, Kareem Abdul, ” James, Adam Pantozzi Organizations: CNN, Los Angeles Lakers, Denver Nuggets, Crypto.com, Lakers, Washington Wizards, NBA, Star
Former Disney star Bridgit Mendler is now the CEO and cofounder of a space satellite startup, to the surprise of some of her fans. Mendler is best known for playing Teddy Duncan in all four seasons of the Disney show "Good Luck Charlie," but has recently moved away from performing. On Monday, CNBC exclusively reported that Mendler is launching the startup Northwood Space with business partner Shaurya Luthra and her husband, Griffin Cleverly. Northwood Space aims to mass-produce ground stations and antennas that connect to satellites, making them more accessible for space companies, CNBC reported. In 2017, Mendler started working at the Massachusetts Institute of Technology's (MIT) Media Lab.
Persons: , Mendler, Teddy Duncan, Charlie, Shaurya Luthra, Griffin, @foundersfund, Barbie, lace", endler, egan Organizations: Service, Disney, CNBC, Space, Northwood, ince Locations: @NorthwoodSpace, ath
Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data reaches the ground. "The vision is a data highway between Earth and space," Mendler told CNBC. "Space is getting easier along so many different dimensions but still the actual exercise of sending data to and from space is difficult. Rather than build rockets or satellites, Northwood aims to mass produce ground stations. Also known as teleports, ground stations are the typically large and often circular antennas that connect to satellites in space.
Persons: Bridgit Mendler, The Beverly Hilton, Bridgit, , Charlie, Mendler, Andreessen Horowitz, Griffin, Luthra, Lockheed Martin Organizations: The Beverly, Disney Channel, Massachusetts Institute of Technology, Harvard Law School, Federal Communications, Space Bureau, CNBC, Northwood, Founders Fund, Lockheed, Mitre Corporation, Space Locations: Beverly Hills , California, Waverly, El Segundo , California
Damron’s design rocketing to internet fame is just one story of how women’s fan apparel has found itself in the spotlight. Within a month, that jacket's designer, Kristin Juszczyk, would score a NFL licensing deal. These meteoric success stories have illustrated the potency of a market for women’s sports apparel that merges fashion and fan culture. “I’m glad more of this stuff can start being made,” Robinson, a Black designer who runs Boujee Basics, says. The upfront costs were too steep for another Black designer, De'fron Fobb, 45, who wanted to craft items when the New Orleans Saints made the Super Bowl in 2010.
Persons: Jake Browning’s, Taylor Damron, Browning’s, Stephanie Niles, ” Damron, Taylor Swift, Travis Kelce’s, Kristin Juszczyk, Swift, Kyle Juszczyk, Simone Biles, Taylor Lautner, Brittany Mahomes, Juszczyk, , Tayler Adigun, Adigun, Mariah Carey, Larena Hoeber, ” Hoeber, “ What’s, , Niles, Frankie, Sara Gourlay, Zak Miller, they've, Kristin, she’s, ” Miller, Armour, Kiya Tomlin, Mike Tomlin, Alexis Robinson, “ I’m, ” Robinson, , it’s, De'fron Fobb, He’s, ‘ We’re Organizations: Cincinnati Bengals, Cleveland Browns, Kansas City Chiefs, Miami Dolphins, San Francisco 49ers, NFL, National Breast Cancer Foundation, NBA, Baltimore Sun, Sports, University, Regina, Adidas, Nike, National Hockey League, Pittsburgh Steelers, New Orleans Saints Locations: Carolina, Baltimore, Louisiana
ARLINGTON, Va. (AP) — Real estate data firm CoStar Group is moving its headquarters from Washington, D.C., to northern Virginia, a move that will bring roughly 650 jobs to the state. The relocation is expected to result in 500 jobs moving from D.C., plus the creation of 150 new jobs. The move comes as the Legislature is considering a $2 billion deal to relocate the NBA's Washington Wizards and NHL's Washington Capitals from their home in downtown to Washington to northern Virginia. Arlington County has successfully recruited numerous corporate headquarters in recent years, most famously landing the second Amazon headquarters in 2018. JBG Smith, the real estate company selling the office tower to CoStar, declined comment Wednesday.
Persons: Glenn Youngkin, JBG Smith Organizations: , Washington , D.C, D.C, Washington Wizards, NHL's Washington Capitals, Virginia Gov, Arlington, Arlington County, Boeing, Nestle Locations: ARLINGTON, Va, Washington ,, Virginia, Rosslyn, Arlington County, Potomac, Washington, Richmond, Arlington, U.S
Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. Here's how Hasbro performed in the fourth quarter compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: 38 cents vs. 66 cents per share expected. 38 cents vs. 66 cents per share expected. Revenue: $1.29 billion vs. $1.36 billion expected. Hasbro expects further revenue declines in the year ahead.
Persons: Gina Goetter Organizations: Hasbro, Brand, ExCel, Toy, Revenue Locations: London, England, LSEG
BOSTON (AP) — Jayson Tatum scored 35 points and sparked a third-quarter rally to help the NBA-leading Boston Celtics get their 40th win of the season, 133-129 over the Washington Wizards on Friday night. It was Tatum’s 20th game this season in which he scored 30 or more points. Deni Avdija had 24 points and 11 rebounds, and Corey Kispert also scored 24 for the Wizards, who have lost five straight. The Wizards stayed in it for most of the night, going 20 of 47 from the 3-point line. Washington led 71-64 at halftime, getting 19 points from Poole and 26 fast-break points against the NBA’s top-rated defense.
Persons: — Jayson Tatum, Kristaps Porzingis, Deni Avdija, Corey Kispert, Bilal Coulibaly, Tatum, Kyle Kuzma, ___ Organizations: BOSTON, NBA, Boston Celtics, Washington Wizards, Celtics, Wizards, Boston, Washington, Philadelphia 76ers, Saturday, Miami Heat Locations: Washington, Boston, Poole
Your next landlord may be a pro sports team
  + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.
Persons: , Geoffrey Propheter, Daniel Slim, , Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, , “ Battery Atlanta ”, Truist, Atlanta, San Francisco, , City, Arlington , Texas, ” Cuban
Do You Respect ‘Curb’?
  + stars: | 2024-02-05 | by ( Tala Safie | James Poniewozik | Melena Ryzik | ) www.nytimes.com   time to read: 1 min
2/2 Larry Says the Darndest Things What did Larry say to this child? “I got some gratitude sex coming to me, and you’re not gonna ruin it.” “Hitler was a bad man.” “It’s not boring if you torture them.” “Have you heard of Switzerland? It’s a country in Europe and they don’t like to fight.” “NO I DON’T WATCH ‘WIZARDS OF WAVERLY PLACE.’ I’M AN ADULT!!!!
Persons: Larry Says, Larry, , you’re, ” “ Hitler, Locations: Switzerland, Europe
In May 2023, Instacart announced it was partnering with OpenAI to create an "Ask Instacart" AI model that would allow users to ask Instacart questions about what to make for dinner. In that press release, it did not disclose that it would also be adding AI recipes to the site too. AdvertisementMultiple companies have been accused of or admitted to using generative AI imagery in the past year. Reuters reported that large advertising agencies are using generative AI art in advertisements. Wizards of the Coast, a gaming company, apologized after it was caught using generative AI in some advertisements.
Persons: Fry, Instacart, OpenAI Organizations: Service, Business, Reuters
WASHINGTON (AP) — Wes Unseld Jr. is out as coach of the Washington Wizards midway through his third season with the team, which has the second-fewest wins in the NBA. President Michael Winger announced Thursday that Unseld would be transitioning to a front office advisory role. "After several thoughtful conversations with Wes, we determined together that a change was needed for the benefit of the team,” Winger said. Unseld, 48, is the son of franchise legend and Hall of Famer Wes Unseld, who helped the then-Bullets win the 1978 NBA title. Political Cartoons View All 253 Images“I am grateful to have served as head coach of the Washington Wizards,” Unseld Jr said.
Persons: Wes Unseld Jr, Michael Winger, Wes, ” Winger, Hall, Hall of Famer Wes Unseld, ” Unseld Jr, ___ Organizations: WASHINGTON, Washington Wizards, NBA, Wizards, Eastern Conference, Utah Jazz, Hall of Famer, Golden State, Orlando, Denver Locations: ” Washington, Golden, Washington
Read previewCleveland Cavaliers big man Tristan Thompson has been suspended without pay from the NBA for 25 games. The two drugs found in Thompson's system — ibutamoren and LGD-4033 — can be used for performance enhancement purposes and may have dangerous side effects. Ken Blaze-USA TODAY SportsAccording to the NIH, ibutamoren is a growth hormone secretagogue, or a substance that promotes the production of growth hormones. Heightened growth hormone in one's system can increase muscle mass, limit body fat, and improve exercise tolerance, per Mayo Clinic. And in 2019, John Collins — then with the Atlanta Hawks — spent 25 games on the sidelines after the league found pralmorelin, another growth hormone secretagogue, in his system.
Persons: , Tristan Thompson, Ken Blaze, Ibutamoren, Thompson, Knick Joakim Noah, Joakim Noah, Nick Wass, Jodie Meeks, John Collins — Organizations: Service, Cleveland Cavaliers, NBA, Business, NIH, ibutamoren, FDA, NCAA, Doping Agency, New York Knicks, AP, Washington Wizards, Atlanta Hawks —, The Cavaliers, Eastern Conference Locations: Mayo, LGD, New, Cleveland
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