Saban Sells Power Rangers and More to Hasbro
Following the release of the third theatrical incarnation of the Power Rangers and prefacing its potential follow-up films, Hasbro has acquired Power Rangers and other properties from Saban Properties LLC. Those other properties include: Treehouse Detectives, Popples, Luna Petunia, My Pet Monster, and Julius Jr.
The acquisition was announced today and was executed for $522 Million in common stock ($270 million) and cash ($229.75 million) from Hasbro. Hasbro already paid Saban $22.25 million in February of 2018 in an agreement for Power Rangers‘ master toy license. That amount was deducted from the sale’s price for the Power Rangers and other Saban properties that Hasbro purchased.
The Hasbro / Saban deal includes all intellectual property (I.P.) associated with Power Rangers and the other properties that Hasbro purchased, most importantly its content library (nearly 900 episodes produced-to-date, feature films, video games, etc.). The deal is expected to be finalized and closed with the second quarter of 2018 (between April 1, 2018-June 30, 2018).
Hasbro and Saban’s leadership teams are excited about this new business deal.
Saban Brands Founder and Power Rangers Creator Haim Saban had this to say about Saban’s sale:
25 years after launching ‘Power Rangers,’ I believe the future for this brand has never been greater. Hasbro’s leadership in innovation, storytelling and brand stewardship make it the perfect company to further develop the global reach and appeal of the Power Rangers property. I look forward to working with Brian and the team in the years to come.
Hasbro Chairman and Chief Executive Officer Brian Goldner had this to say about Hasbro’s acquisition:
’Power Rangers’ is an iconic brand built on a heritage of great storytelling and merchandising with tremendous upside potential when fully executed across Hasbro’s Brand Blueprint. Shortly after entering into our licensing arrangement, it became clear that now was the time to begin investing in unlocking ‘Power Rangers’ full potential. We see significant opportunity for ‘Power Rangers’ across our entire Brand Blueprint, including toys and games, consumer products, digital gaming and entertainment, as well as geographically throughout our global retail footprint. We couldn’t be more pleased that Haim Saban will continue in a consulting role to further guide our development of this valuable property for the next generation of ‘Power Rangers’ fans.
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