Hasbro Inc. is a multinational toy and entertainment company based in the United States. The company was founded in 1923 by brothers Henry and Merrill Hassenfeld in Providence, Rhode Island. Initially, Hasbro started as a textile remnants business but later shifted its focus to manufacturing and selling toys. Throughout its history, Hasbro has become one of the world's leading toy and entertainment companies, known for its iconic brands and popular products.
Hasbro's primary business revolves around the design, development, production, and distribution of toys, games, and entertainment content. The company owns a vast portfolio of brands, including well-known names like Transformers, Monopoly, Nerf, My Little Pony, Play-Doh, and Magic: The Gathering. These brands encompass a wide range of products, from action figures and board games to puzzles, dolls, and role-playing games.
The company has also expanded into other areas of entertainment, including television, film, and digital media. Hasbro Studios, the company's entertainment division, produces animated TV shows and movies based on its popular brands, partnering with various studios and networks for distribution. Additionally, Hasbro has collaborations with major movie franchises like Marvel and Star Wars, creating toys and merchandise tied to these blockbuster properties.
Hasbro went public in 1968, making its debut on the New York Stock Exchange under the ticker symbol HAS. Going public allowed the company to access capital for growth and acquisitions, fueling its expansion into new markets and opportunities. Over the years, Hasbro has made strategic acquisitions to strengthen its brand portfolio and diversify its offerings, further solidifying its position in the toy and entertainment industry.
In recent years, Hasbro has also embraced digital innovation and technology. The company has incorporated digital elements into its products, such as app-enabled toys and interactive gaming experiences. It recognizes the evolving preferences of consumers and the growing influence of digital platforms in the entertainment landscape.
Hasbro's commitment to creativity, imagination, and play is at the core of its business philosophy. The company aims to create meaningful and engaging experiences for children and families worldwide. With its extensive range of beloved brands and its ability to adapt to changing market dynamics, Hasbro continues to be a leader in the global toy and entertainment industry, delighting generations of children and capturing their imaginations.