Hot Toys Article - Star Wars License cost over 6 figures to obtain

[Hologram AI]

More than 6 figures can also mean more than 100,000 but less than 1,000,000.

Wut.

6 Figures ($100,000 - $999,999) + "More than 6 figures" = $1,000,000+. It's as simple as that. They paid over a million for the rights to sell SW figures.

 

[haveblue]

I'm pretty sure this is just a mis-worded translation. In Chinese, the way to note a six-figure salary is however many tens of ten-thousands as there is no colloquialism for 'six-figures, millions, etc.' unlike in English. Howard probably said something like it cost 'over $100,000' which is the way to say it was in the six figures and it just got lost in translation as over six figures. This could easily be cleared up if the author put up the actual Chinese quote.

 

[Wor-Gar]

This was a really funny thread. Lock it up now.

 

[Khev]

I think it should be more than locked up.

 

[Sidewinder]

Well it wouldn't be Freaks without people fighting about something ridiculous lol


Sent from my iPad using Tapatalk

 

[Darkseed]

Well it wouldn't be Freaks without people fighting about something ridiculous

.........

 

[user 1190]

What? $999k is 6 figures. More than 6 figures would be 7, which is a million.

Wut.
W
6 Figures ($100,000 - $999,999) + "More than 6 figures" = $1,000,000+. It's as simple as that. They paid over a million for the rights to sell SW figures.

Your taking that WAY to literal. Yes I know 7 is more than 6, but if they paid 1,000,000 or more they would say 7 figures not more than 6. Saying mor than 6 when you mean 7 is asinine.

 

[Kamandi]

"Over six figures" SW license is working out well for Jakk's Pacific. I think every one of these freaking figures have been peg warmers.

 

[Invictus Sol]

Your taking that WAY to literal. Yes I know 7 is more than 6, but if they paid 1,000,000 or more they would say 7 figures not more than 6. Saying mor than 6 when you mean 7 is asinine.

So why would they say "more than 6" if literally they meant 6? Jesus, this thread illustrates why we are all ****ed and should die.

 

[Khev]

We've definitely crossed a threshold into the surreal at this point.

Remember kids:

Saying more than 6 when you mean 7: asinine
Saying more than 6 when you mean 6: makes perfect sense

I'm glad we got that cleared up.

Until next time!

 

[Lee in MI]

It is just one of several companies riding the trend of high-end toys for adults, or collectibles.
Chan, one of the earliest local players in the industry, says the collectibles market has grown to become a significant portion of the toy industry.

Someone tell this to Mattel and some of the other retail companies that keep saying adult collectors are a very small part of the toy collecting world cause Mattycollector sucks King Kong balls.

 

[bunnyfreakz]

Six jawas , done lol

 

[yodasan]

It must be time for math class -

 

[earthdog]

Wait... So Hot Toys is only putting out 7 figures for their Star Wars line? Let's see, Han, Chewie, 2 Stormtroopers, Vader, Ben and a biggie Boba Fett?!?

How will they ever recoup whatever they must've paid for the license?

ヾ(＠⌒ー⌒＠)ノ

 

[user 19388]

i eat rocks! ~_~

 

[surfin4]

Anyone knows if this means hot toys will do r2d2? or are they staying away from sideshows releases.

 

[TonTon]

Hopefully we can find out what sideshow paid soon too, they must have paid more.

 

[SwedishHeat]

More than 6 figures can also mean more than 100,000 but less than 1,000,000. It would make no sense to say more that six figures she your saying you paid 7 figures. Also there is NO way they paid millions for the license especially since it normally only 5 years long so that means they need to make over 200k in just SW figures to make money. That also assumes there is no % of each figure on top of that.

I have no clue how the Star Wars license works, but in the licenses I've been a part of, once you pay the balance off, you don't pay a percentage on top of that, after the value of the contract has been filled. If the Star Wars license was $500,000 (which I think is much higher than that). Hot Toys likely paid $250,000 up front as a guarantee, and the remaining $250,000 is paid off as the royalty rate on each unit sold. If you sell more units and satisfy the remaining balance, that $250,001th dollar is yours and every dollar after that is yours. The licensor isn't going to keep getting 10% off every figure sold after you pay them the value of the contract.

Licensing is a gamble. The licensor says "The value of this license is $X", if you think you can sell more than that in figures, you buy that license. If you do, then you made a good buy. If the figures don't sell as well as you thought, well then you're boned and you lost money. So, in things like Platoon and Sucker Punch, Hot Toys probably got to the point where they realized they would literally lose money if they kept on making figures, or the profit potential of those figures was less than something else they could make that could earn a lot more. . . opportunity cost and whatnot.

And realistically, (sssuming 5000 pcs each, at a 20% royalty rate on Hot Toys' selling price) Hot Toys could EASILY make $200k in SW money over 5 years, the royalties on Han/Chewie, Stormtroopers, Obi-Wan and Vader would comfortably surpass $500k. I'm pretty sure that the SW license for 5 years is at least a few million. Especially now with more movies.

 

[Username]

So why would they say "more than 6" if literally they meant 6? Jesus, this thread illustrates why we are all ****ed and should die.

There was a piece on the radio here yesterday that said the english/chinese/english translation of "Highland games" is "Strong Man Skirt Party", so there's always lee-way for a mis-translation. Or for information to be lost or gained in the translation.
Logically, more six is seven. And as has been said, six can be 100,000 to 999,999.
I'm sure we can *all* agree that's a lot of money to charge for a licence.

 

[cmiller99]

6 figures for the license is nothing! We could all afford that. On average all 14 DX figures cost only $3,500! That's pennies.



*ba dum tish*

Damn, exactly what I was thinking when I saw the thread title!