"Matchbox: The Movie," John Cena’s action comedy inspired by Mattel’s classic toy car line, is being towed to the movie junkyard by Rotten Tomatoes’ critics.
Mattel, Inc. (MAT) News
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last 30 daysOnly three years ago Barbie was the toast of Hollywood but Mattel now faces serious questions about whether it should sell or stick amid fluctuating brand performance.
Mattel is facing pressure from a major investor to consider a sale amid struggling sales and profitability, according to various reports on Monday.
Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company’s shares remain significantly undervalued with its current structure as a public company.
The size of the check hints at what the board is really planning, and it may not be what shareholders want.
Ynon Kreiz takes on Paramount’s $6 billion synergy target after Warner Bros. Discovery, drawing on experience at Endemol, Fox Kids Europe and Mattel.
Shares of toymaker Mattel rose Thursday after the Wall Street Journal reported that Authentic Brands Group had expressed interest in buying the toymaker.
The brand-licensing giant has made an approach for the toy maker, which has been dealing with a sliding stock and now a chief-executive transition, according to people familiar with the matter.
Paramount CEO David Ellison announced outgoing Mattel chief Ynon Kreiz will serve as the co-CEO of the anticipated combination of Paramount and WBD.
Ynon Kreiz appointed as the entertainment company looks to integrate two of the most storied entertainment studios
He will be heavily involved in the day-to-day management as well as strategic planning and the integration of the combined businesses.
Mattel announced on Wednesday that Roger Lynch would serve as CEO and Chairman, replacing Ynon Kreiz.
Lynch takes the reins at the toy maker as it tries to lean in to Hollywood ambitions and become an entertainment company.
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