Lejuan
Super Freak
This is the most awesome first post I've read on this forum, or anywhere.
Wow.There was a time in the mid-late 90's when Toy Biz created prototype 6" Star Wars action figures with light up & talking electronic display stands. I was in a meeting with the Darth Vader and Luke Skywalker Bespin duel action figures. They were very cool and you have no idea how close that came to happening. It was to be a "new" action figure license that would co-exist with Hasbro's license. Hasbro flipped out, promised to make something BETTER that would generate MORE MONEY for LucasFilm.
Hasbro's product was rushed out as the "comm-tech" line of figures.
This is the most awesome first post I've read on this forum, or anywhere.
Wow.
As Lejuan said, great earlier post. Welcome to the boards dude.
I know because I've been working in IP licensing for 15 years. I've worked with Disney, LucasFilm and Star Wars, and with many many other IPs.
DISCLAIMER: I don't work on the toy industry, I don't work for or with any of the companies being discussed, I do not have an insider information. If I did, I wouldn't be speaking about it in a forum, risking my job and the very deals being discussed. I believe in Occam's razor.
Good luck with that, and welcome to the board. Hasbro (and Kenner before it) SW licensing has shown us precisely what's what. The language of their respective press releases over this past decade have also been pretty clear. See also Lego and Galoob announcements and performances in 1997/98. Incidentally, Hasbro bought Galoob in 1998, in no small part due to its SW license (though it was Hasbro's own fault anyone besides them had a license at the time to begin with, as they effectively terminated Kenner's perpetual exclusivity agreement).
I'm going by information that is publicly available, I'm not pretending to have any inside knowledge. If you have any specific knowledge of these specific deals, then by all means share it, it would be great to know what's up. But the rest just posted? You might as well be arguing about blue versus brown coats.
And since we're talking cold hard dollars, what do you think that Hot Toys, Bandai and Medicom, combined can bring to the table? Seriously, think for one second about what you just posted, use your experience in this industry. For every dollar they bring to the table, Hasbro will bring $1000 at the very least. Hot Toys and Bandai will not get a Star Wars license without Hasbro and Sideshow's letting it happen.
I would be absolutely floored (surprised, blown away, shocked) to find out that Hasbro's worldwide exclusive license did not include a Right of First Refusal clause as well, that applies to any new business of any kind related to Star Wars merchandising in their related field(s) during the contract period, including for the purposes of extensions - which they've always done well before the previous deals have expired (again, all public info). We also can't forget about the existing Lego business covering building toys - I have no idea how that will play out in the future as I don't think there's been any announcements on extensions.
To get back to dollars, it was announced this past July that Hasbro has guaranteed an additional $225 MILLION minimum for an additional two years beyond the previously negotiated 2018 time-line for Star Wars licensing alone, plus another 80 Million for Marvel. That takes them to the 2020 date previously mentioned.
Seems Bob's earlier anecdote kinda hits home in that regard. 3A teased some protos - next thing you know, Hasbro's got a fully fledged line of 6" SW action figures.
My point was, that it's not as cut & dry as some may think; things get discussed & considered all the time (again as previously mentioned) - you can't deny that surely.
Just to put some clarification in the above…
Marmit: via Hasbro
Medicom: via Sideshow via Hasbro
Bandai: via Sideshow via Hasbro
Disney and Hasbro seem to have a very close relationship and all signs indicate it's only getting closer. No one's going to move on Star Wars Toys without it going through Hasbro first. Why do people continue to ignore the facts that are publicly available? Am I the only one that knows how to visit these corporate web sites? To use Google? Am I the only one that owns any of these products and can look at all the copyright and licensing labels on them?
And just to be DOUBLY sure… We're talking about new companies producing the exact same product class as an existing worldwide exclusive rights holder, not someone wanting to make keychains or food products.
My point is the owner of the license ( lucasfilm/ Disney) can choose to divy up rights however they want to..
Sure, but these things are done by contract, not by a wink and a smile. And Hasbro currently has the worldwide exclusive contract for a broad entertainment category until 2020. Seriously (this is getting repetitive) go and read the press releases. Investors and other people with interest in these companies don't think these contracts are trivial.
Don't make an assumption that anyone out there producing in this category does so without Hasbro's OK.
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