Disguise Secures Costume Rights For Paw Patrol ® Franchise and Upcoming Film, Paw Patrol™: The Dino Movie, Across North America
POWAY, Calif., April 14, 2025 (GLOBE NEWSWIRE) -- Disguise, Inc., the costume division of global toy and consumer products leader JAKKS Pacific, Inc. (NASDAQ: JAKK), is pleased to announce that it has secured North American rights to design, develop, manufacture, and distribute costumes and costume accessories for PAW Patrol ®, the top-rated animated preschool series produced by Spin Master Entertainment that airs on Nickelodeon, as well as the highly anticipated theatrical release of PAW Patrol ™: The Dino Movie, set to debut in theaters on July 31, 2026.
Disguise, Inc. is expanding its already successful association with the PAW Patrol brand. For the first time, Disguise will be launching a completely refreshed core costume line in fall 2025, followed by an all-new collection inspired by PAW Patrol: The Dino Movie in 2026. This latest licensing endeavor marks a significant milestone for Disguise, as the company has expanded its costume rights to include the entire Paw Patrol portfolio, further strengthening its leadership position in the children's costume market.
As the third installment in the blockbuster PAW Patrol film franchise, PAW Patrol: The Dino Movie is a Spin Master Entertainment production in association with Nickelodeon Movies and will be distributed by Paramount Pictures. Based on the award-winning preschool series produced by Spin Master Entertainment and adored by over 350 million households globally on Nickelodeon, the upcoming film promises to deliver even more high-energy adventure, heartwarming moments, and fan-favorite characters—this time with an exciting prehistoric twist. Given the overwhelming success of its predecessors, PAW Patrol: The Dino Movie is expected to be another major box-office success, and Disguise is proud to bring the magic of the film to life through its innovative and high-quality costume offerings.
'We are thrilled to expand our preschool portfolio with PAW Patrol and take our collaboration to the next level by securing the core and film-related costume rights,' said Tara Cortner, President and General Manager of Disguise, Inc. 'Having supported both the first and second PAW Patrol movies with strong costume lines, we are excited to now have the entire PAW Patrol IP under our umbrella. PAW Patrol remains a global phenomenon and a staple in preschool entertainment, and we are dedicated to delivering premium-quality, character-accurate costumes that enable children to step into the paws of their favorite heroic pups—whether it's Chase, Marshall, Skye, or the all-new dino-themed pup heroes debuting in 2026.'
With PAW Patrol continuing to dominate the preschool entertainment landscape and captivate young audiences worldwide, Disguise's latest collections will provide children with endless opportunities for imaginative play, dress-up fun, and Halloween celebrations. The comprehensive core lineup will feature a diverse range of costumes and accessories that allow fans to fully immerse themselves in the world of PAW Patrol this fall, whether they're reenacting their favorite on-screen adventures or creating their own heroic missions.
For more information about Disguise, Inc. and its extensive portfolio of officially licensed costumes, please visit www.disguise.com.
About Spin MasterSpin Master Corp. (TSX:TOY; www.spinmaster.com) is a leading global children's entertainment company that creates, designs, manufactures, licenses and markets a diversified portfolio of innovative toys, games, products and entertainment properties. Spin Master is best known for award-winning brands including Zoomer®, Bakugan®, Erector® by Meccano®, Hatchimals®, Air Hogs® and PAW Patrol®. Since 2000, Spin Master has received 110 TIA Toy of The Year (TOTY) nominations with 30 wins across a variety of product categories, including 13 TOTY nominations for Innovative Toy of the Year. To date, Spin Master Entertainment has produced nine television series, including the relaunched Bakugan: Battle Planet and current hit PAW Patrol, which is broadcast in over 160 countries and territories globally. Spin Master employs over 1,600 people in countries around the world including Canada, United States, Mexico, France, Italy, United Kingdom, Russia, Slovakia, Poland, Germany, Sweden, the Netherlands, China, Hong Kong, Japan, Vietnam and Australia.
About Paramount Consumer Products Paramount Consumer Products oversees all licensing and merchandising for Paramount (Nasdaq: PARA, PARAA), a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by a diverse slate of consumer brands, Paramount Consumer Products' portfolio is based on content from platforms including Paramount+, CBS (including CBS Television Studios and CBS Television Distribution), cable networks (including MTV, Nickelodeon and Showtime), and Paramount Pictures. Additionally, the division operates Paramount Game Studios. With properties spanning animation, live-action, preschool, youth and adult, Paramount Consumer Products is committed to creating the highest quality product for some of the world's most beloved, iconic franchises. To view our range of consumer products and Paramount branded apparel, visit ParamountShop.com.
About JAKKS Pacific, Inc.:JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific's popular proprietary brands include: AirTitans®, Disguise®, Fly Wheels®, JAKKS Wild Games®, Moose Mountain®, Maui®, Perfectly Cute®, ReDo® Skateboard Co., Sky Ball®, SportsZone™, Xtreme Power Dozer®, WeeeDo®, and Wild Manes™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through our products and our charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), Twitter (@jakkstoys) and Facebook (@jakkspacific.toys).
©2025 JAKKS Pacific, Inc. All rights reserved
About Disguise Inc.Since 1987, Disguise has been a global leader in the dress up and roleplay industry creating innovative and trend setting costumes and accessories. Based in San Diego, Disguise produces costumes and accessories under many of the world's leading licensed brands, as well as its own proprietary brands for the world's largest retailers including specialty, party and pop-up stores. Disguise designs and manufactures millions of costumes each year bringing smiles and creating memories for kids and adults alike. To see Disguise's extensive licensed dress up collection, please visit www.disguise.com and follow us on Instagram (@disguise.costumes), X (@DisguiseInc) and Facebook (Disguise Costumes).
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fdc38230-8806-4f2c-82f7-35cb214f9d9f
CONTACT: MEDIA CONTACT: Whitney Hatfield PR@Disguise.comSign in to access your portfolio
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AND SUBSIDIARIES Condensed Consolidated Statements of Operations For the Three Months Ended For the Six Months Ended June 30, June 30, 2025 2024 2025 2024 Revenues: In-person $ 1,160,995 $ 917,362 $ 2,817,750 $ 2,172,560 Multiplatform content 80 52 137 111 Casual mobile gaming 758,408 1,722,454 1,376,731 2,846,258 Total Revenues 1,919,483 2,639,868 4,194,618 5,018,929 Costs and Expenses: In-person (exclusive of depreciation and amortization) 617,717 502,203 1,478,271 1,138,166 Casual mobile gaming (exclusive of depreciation and amortization) 736,382 1,561,165 1,318,572 2,498,070 Research and development expenses 166,907 173,533 347,853 368,744 Selling and marketing expenses 81,671 54,361 121,658 108,049 General and administrative expenses 6,019,072 5,236,160 11,499,715 8,091,482 Depreciation and amortization 389,712 402,698 772,150 780,168 Total Costs and Expenses 8,011,461 7,930,120 15,538,219 12,984,679 Loss From Operations (6,091,978 ) (5,290,252 ) (11,343,601 ) (7,965,750 ) Other (Expense) Income: Other (expense) income, net (56,394 ) 14,399 (32,092 ) 1,241 Realized gain on investment in money market fund 19,588 - 386,109 - Gain on investment in marketable securities 787,869 - 512,593 - (Loss) gain on foreign currency transactions, net (535,745 ) 351,434 (1,101,041 ) 351,434 Change in fair value of digital assets 27,599 - (35,221 ) - Interest income, net 1,015,094 1,041,468 1,879,399 1,900,673 Total Other (Expense) Income 1,258,011 1,407,301 1,609,747 2,253,348 Pre-Tax Loss (4,833,967 ) (3,882,951 ) (9,733,854 ) (5,712,402 ) Income tax benefit - - - - Net Loss (4,833,967 ) (3,882,951 ) (9,733,854 ) (5,712,402 ) Less: net loss attributable to non-controlling interest (22,833 ) (79,693 ) (86,236 ) (210,034 ) Net Loss Attributable to Common Stockholders $ (4,811,134 ) $ (3,803,258 ) $ (9,647,618 ) $ (5,502,368 ) Net Loss per Common Share Basic and Diluted $ (0.11 ) $ (0.09 ) $ (0.22 ) $ (0.13 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 43,508,722 43,212,071 43,586,731 41,034,900 The accompanying notes are an integral part of these condensed consolidated financial statements. Expand Allied Gaming & Entertainment, Inc. and Subsidiaries Non-GAAP Financial Measures EBITDA and Adjusted EBITDA are non-GAAP financial measures and should not be considered as a substitute for net income (loss), operating income (loss) or any other performance measure derived in accordance with United States generally accepted accounting principles ('GAAP') or as an alternative to net cash provided by operating activities as a measure of AGAE's profitability or liquidity. AGAE's management believes EBITDA and Adjusted EBITDA are useful because they allow external users of its financial statements, such as industry analysts, investors, lenders and rating agencies, to more effectively evaluate its operating performance, compare the results of its operations from period to period and against AGAE's peers without regard to AGAE's financing methods, hedging positions or capital structure and because it highlights trends in AGAE's business that may not otherwise be apparent when relying solely on GAAP measures. AGAE presents EBITDA and Adjusted EBITDA because it believes EBITDA and Adjusted EBITDA are important supplemental measures of its performance that are frequently used by others in evaluating companies in its industry. Because EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income (loss) and may vary among companies, the EBITDA and Adjusted EBITDA AGAE presents may not be comparable to similarly titled measures of other companies. AGAE defines EBITDA as earnings before interest, income taxes, depreciation and amortization of intangibles. AGAE defines Adjusted EBITDA as EBITDA excluding stock-based compensation and non-recurring, infrequent or unusual items. The following table presents a reconciliation of EBITDA and Adjusted EBITDA from net loss, AGAE's most directly comparable financial measure calculated and presented in accordance with GAAP. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net loss $ (4,833,967 ) $ (3,882,951 ) $ (9,733,854 ) $ (5,712,402 ) Interest income, net (1,015,094 ) (1,041,468 ) (1,879,399 ) (1,900,673 ) Depreciation and amortization 389,712 402,968 772,150 780,168 EBITDA (5,459,349 ) (4,521,451 ) (10,841,103 ) (6,832,907 ) Non-recurring legal fees (1) 2,403,541 2,938,034 4,027,488 3,138,034 Non-recurring proxy contest costs (2) 1,074,533 - 1,077,851 - (Gain) on investment in marketable securities (787,869 ) - (512,593 ) - (Gain) on investment in money market fund (19,588 ) - (386,109 ) - Loss (gain) on foreign currency transactions, net 535,745 (351,434 ) 1,101,041 (351,434 ) Stock based compensation 190,762 202,308 379,198 673,908 Adjusted EBITDA $ (2,062,225 ) $ (1,732,543 ) $ (5,154,227 ) $ (3,372,399 ) Expand Notes: (1) Represents defense and other costs related to complaints filed by a shareholder in the Court of Chancery of the State of Delaware on March 7, 2024 and November 12, 2204. (2) Represents legal and other professional fees related to a proxy contest between the Company and a dissident shareholder along with a 13D suit we filed against such shareholder. Expand
