Latest news with #SpinMasterCorp
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Toy maker Spin Master cuts jobs as it contends with tariff uncertainty
TORONTO - Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an emailed statement, spokeswoman Tammy Smitham did not say how many employees were affected. She says the layoffs were one part of a multi-pronged plan to deal with the effect of tariffs, which also includes diversifying its supply chains and cutting costs. Spin Master said last month that U.S. tariffs on countries where it produces toys, especially China, have made forecasts so challenging that it withdrew its guidance for the remainder of the year. The company behind the Hatchimals, Gabby's Dollhouse and Monster Jam brands has said it aims to drastically reduce its reliance on China for production over the next two years. In February, Spin Master said it had decided to wind down a games studio in Sweden as the cost to acquire new users weighed too heavily on revenue. This report by The Canadian Press was first published June 3, 2025. Companies in this story: (TSX: TOY)
Yahoo
3 days ago
- Business
- Yahoo
Toy maker Spin Master cuts jobs as it contends with tariff uncertainty
TORONTO — Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an emailed statement, spokeswoman Tammy Smitham did not say how many employees were affected. She says the layoffs were one part of a multi-pronged plan to deal with the effect of tariffs, which also includes diversifying its supply chains and cutting costs. Spin Master said last month that U.S. tariffs on countries where it produces toys, especially China, have made forecasts so challenging that it withdrew its guidance for the remainder of the year. The company behind the Hatchimals, Gabby's Dollhouse and Monster Jam brands has said it aims to drastically reduce its reliance on China for production over the next two years. In February, Spin Master said it had decided to wind down a games studio in Sweden as the cost to acquire new users weighed too heavily on revenue. This report by The Canadian Press was first published June 3, 2025. Companies in this story: (TSX: TOY) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
Toy maker Spin Master cuts jobs as it contends with tariff uncertainty
TORONTO – Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an emailed statement, spokeswoman Tammy Smitham did not say how many employees were affected. She says the layoffs were one part of a multi-pronged plan to deal with the effect of tariffs, which also includes diversifying its supply chains and cutting costs. Spin Master said last month that U.S. tariffs on countries where it produces toys, especially China, have made forecasts so challenging that it withdrew its guidance for the remainder of the year. The company behind the Hatchimals, Gabby's Dollhouse and Monster Jam brands has said it aims to drastically reduce its reliance on China for production over the next two years. In February, Spin Master said it had decided to wind down a games studio in Sweden as the cost to acquire new users weighed too heavily on revenue. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 3, 2025. Companies in this story: (TSX: TOY)
Cision Canada
07-05-2025
- Entertainment
- Cision Canada
SPIN MASTER'S PAW PATROL: THE DINO MOVIE™ ROUNDS OUT ROARING CAST WITH JAMEELA JAMIL, TERRY CREWS, SNOOP DOGG, BILL NYE, PARIS HILTON, HENRY BOLAN, MEREDITH MACNEILL, AND MORE
Fan-Favorite Stars Join Previously Announced Cast Members Including Jennifer Hudson, Fortune Feimster, and Mckenna Grace , May 7, 2025 /CNW/ - Spin Master Corp. (TSX: TOY) ( a leading global children's entertainment company, announced today that PAW Patrol: The Dino Movie, the upcoming third feature film in the blockbuster PAW Patrol franchise, has rounded out its cast with a host of fan-favorite stars, including Jameela Jamil, Terry Crews, Paris Hilton, Emmy ® winners Snoop Dogg and Bill Nye, Meredith MacNeill, and PAW Patrol veteran Ron Pardo. Also newly announced are several young talents including Henry Bolan as Ryder. Starring as the beloved PAW Patrol pups are Lucien Duncan-Reid and Nylan Parthipan, returning as Rubble and Zuma, respectively, joined by Carter Young as Marshall, Hayden Chemberlen as Rex, Rain Janjua as Chase, and William Desrosiers as Rocky. The new additions join a star-studded voice cast that already includes EGOT winner Jennifer Hudson and popular comedian Fortune Feimster, as well as Emmy nominee Mckenna Grace, who reprises her role as Skye. PAW Patrol: The Dino Movie follows the recent ten-year anniversary of the global smash hit franchise and one of the world's most popular preschool shows. Building on the success of its first two films, which together earned over $350 million at the global box office, the film sees the return of director Cal Brunker, who co-wrote alongside Bob Barlen. It is being produced by Spin Master Entertainment's Jennifer Dodge, Laura Clunie, and Toni Stevens with Spin Master Co-Founder Ronnen Harary as executive producer, in association with Nickelodeon Movies. The film will have an exclusive theatrical release on July 31, 2026, distributed by Paramount Pictures worldwide, excluding Canada where Elevation Pictures distributes. Jennifer Dodge, President of Spin Master Entertainment, said, "This amazing assembly of performers is befitting of the dino-sized franchise that is PAW Patrol. Alongside the brilliant talent already involved in the film, these cast additions will make this a must-see adventure, as our beloved team of rescue pups enters its second decade of captivating kids and families worldwide." Ramsey Naito, President of Paramount Animation and Nickelodeon Animation, said, "We couldn't be more excited to bring audiences everywhere this next chapter of PAW Patrol that is bigger, better, and bolder than ever – featuring a standout cast that brings these characters to life in fresh and exciting ways." In PAW Patrol: The Dino Movie, after their ship gets caught in a mysterious storm, the PAW Patrol pups crash land on an uncharted tropical island filled with dinosaurs. They meet Rex, a pup who has been stranded on the island for years and has become an expert in all things dino-related. When the PAW Patrol's archrival, Humdinger, begins recklessly mining in hopes of exploiting the island for its natural resources, he inadvertently causes a huge, dormant volcano to erupt. The PAW Patrol pups are thrown into a series of high-stakes, dino-sized rescues bigger than anything they've done before, as they must stop Humdinger before everything on the island goes extinct. Jamil is represented by UTA, 3 Arts, and Jackoway Austen. Crews is represented by CAA and Yorn Levine. Snoop Dogg is represented by WME, Yorn Levine, and Death Row Pictures. Nye is represented by UTA and Hamrick & Evans. Hilton is represented by UTA and YMU Entertainment. MacNeill is represented by GGA. Duncan-Reid is represented by AMI. Parthipan is represented by Play Management. Pardo is represented by The Characters Talent Agency. Young is represented by CESD and Luber Roklin. Chemberlen is represented by District Model & Talent. Bolan is represented by OAZ. Janjua is represented by Hero Artists. Desrosiers is represented by Premier Artists Management and AIM Talent. About PAW Patrol PAW Patrol, one of the most successful series in kids' television globally, follows the adventures of a tech-savvy boy named Ryder and his team of pups who are ready to save the day. Whenever there's trouble, pups Chase, Marshall, Rubble, Zuma, Rocky and Skye are ready for action, no matter what comes their way. With a mission to work together to keep Adventure Bay safe, no job is too big, and no pup is too small. Airing in over 160 countries, in 30 languages, the PAW Patrol series is consistently ranked among both top-rated preschool and kids' 6-11 series. Currently in its eleventh season on Nickelodeon, PAW Patrol 's universal messaging resonates with children around the world and since its launch in 2013, the franchise has won countless awards. About Spin Master Spin Master Corp. (TSX: TOY) is a leading global children's entertainment company, creating exceptional play experiences through its three creative centres: Toys, Entertainment and Digital Games. With distribution in over 100 countries, Spin Master is best known for award-winning brands PAW Patrol®, Hatchimals®, Bakugan®, Kinetic Sand®, Air Hogs®, Melissa & Doug®, Rubik's® Cube and GUND®, and is the global toy licensee for other popular properties. Spin Master Entertainment creates and produces compelling multiplatform content, through its in-house studio and partnerships with outside creators, including the preschool franchise PAW Patrol, and numerous other original shows, short-form series and feature films. The Company has an established presence in digital games, anchored by the Toca Boca® and Sago Mini® brands, offering open-ended and creative game and educational play in digital environments. Through Spin Master Ventures, the Company makes minority investments globally in emerging companies and start-ups. With 29 offices spanning nearly 20 countries, Spin Master employs close to 3,000 team members globally. For more information, visit or @SpinMaster on LinkedIn and Instagram. About Nickelodeon Nickelodeon, now in its 46th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The brand includes television programming and production in the United States and around the world, plus consumer products, digital, location-based experiences, publishing and feature films. For more information or artwork, visit Nickelodeon is a part of Paramount's (Nasdaq: PARA, PARAA) global portfolio of multimedia entertainment brands. About Paramount Pictures Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Paramount Global (NASDAQ: PARA, PARAA), a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Paramount has some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, and Paramount Players. PPC operations also include Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group. SOURCE Spin Master Corp.
Hamilton Spectator
01-05-2025
- Business
- Hamilton Spectator
Spin Master seeking to mitigate tariff impacts as it withdraws 2025 outlook
TORONTO - Spin Master Corp. says it is withdrawing its outlook for 2025 due to uncertainty created by U.S. tariffs on countries where it produces toys after incurring a loss of US$24.5 million in its first quarter. The result compares with a loss of US$54.8 million a year earlier. Revenues for the toy and entertainment company totalled US$359.3 million, up from US$316.2 million during the first quarter of 2024. The company's loss in diluted earnings per share totalled 24 cents US, compared with a loss of 53 cents US in diluted earnings per share last year. Spin Master president and CEO Max Rangel says when it comes to U.S. tariffs, the company is 'moving quickly and firmly to mitigate the impact to the business from both a sourcing, pricing and cost management perspective.' Spin Master had previously said it expects revenues to increase four to six per cent in 2025. This report by The Canadian Press was first published May 1, 2025. Companies in this story: (TSX:TOY)
