Hasbro records $56M write down after scrapping 'several' video games
Hasbro reported a $56 million non-cash write down after cancelling several video games planned for 2028 and beyond. CEO Chris Cocks stated the decision reflects a new digital strategy focusing on key franchises like Dungeons & Dragons and Magic: The Gathering, with an emphasis on cost discipline and owned platforms. The company expects its total digital spend to decrease annually by at least 25 percent by 2028.
- Entities
- Game: Magic: The Gathering Arena
- Company: Giant Skull
- Topic: Business Strategy
- Game: Warlock
- Company: Hasbro
- Person: Chris Cocks
- Company: Scopely
- Game: Monopoly Go
- Game: Dungeons & Dragons
- Topic: Game Development
- Game: Baldur's Gate 3
- Game: Exodus
- Game: Magic: The Gathering
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