.WebsiteMattel, Inc. ( ) is an toy manufacturing company founded in 1945 with headquarters in. The products and brands it produces include,. In the early 1980s, Mattel produced, under its own brands and under license from. The company has presence in 40 countries and territories and sells products in more than 150 countries. The company operates through three business segments: North America, international, and American Girl. It is the world's second largest toy maker in terms of revenue, after.
In 2014, it ranked #403 on the list. On January 17, 2017, Mattel named former Google executive as CEO. Georgiadis stepped down as CEO of Mattel on April 19, 2018. Her last day was on April 26, 2018. Is now the new CEO of Mattel.The name Mattel is a of and, two of the company's founders.
Contents.History AcquisitionYearDee & Cee Toy Co. Ltd.1962Standard Plastic Products, Inc.1966Hong Kong Industrial Co., Ltd.Precision Moulds, Ltd.Rosebud Dolls Ltd.1967Monogram Models, Inc.1968A&A Die Casting CompanyRatti Vallensasca, Mebetoys, Ebiex S.A.1969H&H Plastics Co., Inc.Meta frame Corp./199–19821979International Games1992, Ltd.1989, Inc.1993, Inc.1997Pleasant Company19920122014Fuhu2016Harold 'Matt' Matson and Elliot Handler founded Mattel in 1945. The company sold picture frames, and later dollhouse furniture. Matson sold his share to Handler due to poor health, and Handler's wife took Matson's role.
In 1947, the company had its first hit toy, a called 'Uke-A-Doodle'.The company incorporated the next year in California. Mattel became the first year-round sponsor of the TV series in 1955.
The doll debuted in 1959, becoming the company's best-selling toy in history. In 1960, Mattel introduced, a talking doll revolutionizing the toy industry, which led to pull-string talking dolls and toys flooding the market throughout the 1960s and 1970s.The company went public in 1960, and the listed them in 1963. Mattel also acquired a number of companies during the 1960s (see table). In 1965, the company built on its success with the Chatty Cathy doll to introduce the talking toy, spawning a line of products.
They released to the market on May 18, 1968. In May 1970, Mattel formed a joint venture film production company Radnitz/Mattel Productions with producer, and later entered a multimillion-dollar partnership with Mehra Entertainment, whose CEO, Dr. Nishpeksh Padmamohan Mehra, is one of Mattel's Inc.'
S main directors for.Mattel purchased The in 1971 for $40 million from the Feld family, whom Mattel kept as management. Mattel sold the circus corporation by December 1973, despite its profit contributions, as Mattel showed a $29.9 million loss in 1972.In 1974, an investigation found Mattel guilty of issuing false and misleading financial reports, which lead to the banishing of Elliot and Ruth Handler from their own company. Post HandlersArthur S. Spear, a Mattel vice president, took control of the company in 1975, who returned the company to profitability in 1977.
Ruth Handler sold her stock in 1980.The Mattel Electronics line debuted in 1977 with an all-electronic handheld game. The success of the handheld led to the expansion of the line with game console then the line becoming its own corporation in 1982. Mattel Electronics forced Mattel to take a $394 million loss in 1983 and almost filed for bankruptcy.In 1979, through, Mattel purchased the and for $12 million. Also acquired that year was for $120 million in cash and stock. The Felds bought the circus (and related companies) in 1982 for $22.8 million.New York venture capital firms E.M. Warburg, Pincus & Co., and Drexel Burnham Lambert invested a couple hundred million in Mattel in 1984 to help the company survive. However, the Master of the Universe action figure line sales dropped, causing a $115 million loss in 1987.
Chairman John W. Amerman improved the company's financial performance in 1987 by focusing on core brands. Mattel returned to working with the Disney company in 1988. In 1991, Mattel moved its headquarters from Hawthorne, California to El Segundo, California.Mattel entered the game business in 1992 with the purchase of International Games, maker of. Mattel purchased, Inc. In 1993, Inc.
(owners of the and Dinky Toys brands) in 1997, and Pleasant Company (maker of the American Girl brand) in 1998. Mattel purchased in 1999 for $3.5 billion, but sold it in 2000 at a loss. The company had a $430.9 million net loss that year.Mattel earned the first grant for doll licenses in 2000. In December 2000, Mattel the band, saying their song ' violated the Barbie trademark and turned Barbie into a sex object, referring to her as a 'blonde.' The lawsuit was rejected in 2002.In 2000, Mattel signed a deal with to became the master licensee for -branded toys. In 2002, the companies extended their partnership, with Mattel becoming master licensee for, and the toys for all markets except Asia.In 2002, Mattel closed its last factory in the, originally part of the Fisher-Price division, outsourcing production to, which began a chain of events that led to a lead contamination scandal. On August 14, 2007, Mattel recalled over 18 million products.
Closely covered Mattel's multiple recalls. Many of the products had exceeded the US limits set on surface coatings that contain lead. Surface coatings cannot exceed.06% lead by weight. Additional recalls were because it was possible that some toys could pose a danger to children due to the use of strong magnets that could detach. Mattel re-wrote its policy on magnets, finally issuing a recall in August 2007.
The recall included 7.1 million toys produced before November 2006, 600,000 and Tanner Playsets, 1 million, Shonen Jump's One Piece and thousands of Batman Manga toys due to exposed. In 2009, Mattel would pay a $2.9 million fine to the Consumer Products Safety Commission for marketing, importing, and selling non-compliant toys. Mattel was noted for its crisis response by several publications, including, the, and Business Management.In early 2010, licensed to Mattel for toys. Mattel agreed to purchase HiT Entertainment sans share of from Apax Partners group in October 2011 for $680 million.
The sale/merger was completed on February 1, 2012, and HIT Entertainment became a wholly owned subsidiary of Mattel, managed under its Fisher-Price unit. In October 2013, Mattel launched its new in-house film studio,.Magazine named Mattel one of the top 100 companies to work for in 2013, noting only 1,292 positions were full, out of 164,045 job applications during the previous year, as well as more than 1,000 employees had been with the company longer than 15 years.On February 28, 2014, Mattel acquired. On April 16, 2015, Mattel announced a partnership with invention platform to crowd-source a number of products.Mattel added a princess-themed Barbie line in 2010, and the fair and fantasy store-based line in 2013. Barbie sales began plummeting in 2012, thus removing focus from the Disney Princess line. Mattel had only sold Cinderella, Ariel, Belle, and the two Frozen princesses during the last year or so of its license. With these competing lines and an expiration of the brand license at the end of 2015, Disney gave a chance to gain the license given their work on Star Wars, which led to a license.
Disney Consumer Products also made an attempt to evolve the brand from 'damsels' to 'heroines.' In September 2014, Disney announced Hasbro would be the licensed doll maker for the Disney Princess line starting on January 1, 2016.In January 2015, board member replaced CEO Bryan Stockton, following with 2/3 of senior executives resigning or receiving lay off. In January 2016, Mattel acquired Fuhu, makers of Nabi tablets and other technology-driven hardware, in a bankruptcy proceeding for a sum worth $21 million. Mattel formed a new division formed from HIT, Playground Productions called Mattel Creations as unit over the content creation team, in March 2016. On July 2016, announced Mattel acquired the license to produce toys based on the franchise after Hasbro's rights expire in 2017.On November 10, 2017, the reported that had made a takeover offer for Mattel, Inc.
At the time, Mattel worth was $5 billion, while Hasbro was about $11 billion. On November 15, 2017, reported that Mattel rejected the offer.Mattel formed with Chinese internet technology and video game company NetEase in January 2018 a joint venture, Mattel163, a mobile publishing and development studio. The company announced on December 24, 2018 that they lost the DC Comics boy toy license to starting in the spring of 2020. With the news, company share reached a 18-year low at $9.25 a share.was named company Chairman and CEO in April 2018. In June 2018, the company laid off 2,200 partial due to ' liquidation.
Kreiz started reorganizing which included new board directors added that have entertainment backgrounds and a global franchise management group charged with finding new opportunities in existing markets.On September 6, 2018, Mattel announced the launch of a film division, Mattel Films, that will make movies based on the company's toy brands. Mattel's prior incarnation of its film division, Playground Productions, was absorbed into Mattel Creations after its Max Steel movie flopped.On August 31, 2018, Mattel indicated the formation of its global franchise management division head by Janet Hsu as chief franchise management officer. The division's mandate seek out new commercial opportunities plus to bring to together consumer products, content development and distribution, digital gaming, live events and partnerships.
Hsu was previously Saban Brands CEO, where Frederic Soulie last worked before being appointed as senior vice president of content distribution and business development in the franchise division in late September 2018. Mattel reorganized Mattel Television in early February 2019.In 2019 Mattel announced that the Japanese-Korean girl group would have lookalike Made to Move doll body dolls released in 2020. Similar dolls were released in 2019.
Also in 2019 Mattel launched the world’s first line of gender-neutral dolls, which they marketed as Creatable World. Mattel Television. Adam Bonnett (executive producer).
Christopher Keenan. (SVP & executive producer at Mattel TV)ProductsMattel, Inc.content teamMattel Television, is the television production division of Mattel, Inc. The division is head by executive producer Adam Bonnett and consists of and the content creation team in.
Distribution is to be handled by Mattel franchise management division. BackgroundIn May 1970, Mattel had teamed up with producer to form a joint venture film production company, Radnitz/Mattel Productions. Had a cartoon series back in the 1980s followed by a live action film in 1987.Mattel agreed to purchase sans from Apax Partners group in October 2011 for $680 million. With, Mattel had brand launched into a of successful animated direct-to-video movies, which later moved to. Followed Barbie in 2010. Many “” films were made.A few properties, and have been set up at the various studios. For example, Hot Wheels was first at with McG attached to direct, but ended up moving to.
And Joel Silver. As of 2013, the property was licensed out to, with attached to produce. In October 2013, Mattel Playground Productions was launched by Mattel as its new in-house film studio to handle multi-media productions for Mattel's brands. Mattel TV history Mattel CreationsMattel Creations was formed in March 2016 to bring all three of Mattel's content production units, including the creative team in, under its aegis.
Mattel Catherine Balsam-Schwaber was named to head the unit. While, Christopher Keenan was moved up out of HiT Entertainment to be Creations' Senior Vice President of content development & production.
Two pacts with and were placed into Mattel Creations. The DHX partnership with Mattel included HiT properties ( and ) and direct Mattel properties ( and Polly Pocket). The partnership included new multi-platform content development and production and distribution of the new and existing content.
9 Story deal was directly with HiT for 2017 revivals of and, but as no new information on either revival has been provided since the initial announcement, its unknown when or even if they will ever air.Mattel Creations and Content Group had agreed to an exclusive worldwide rights agreement for the Barbie movie library. This deal started in October 2016 for the next seven years and includes the next two releases, and Barbie: Video Game Hero.With Balsam-Schwaber taking the general manager position at, Mattel president and chief operating officer Richard Dickson has taken over responsibility for Mattel Creation and was not planning to fill the chief creative officer post. However, between the failure of the Max Steel movie and the announcement of Mattel Films in September 2018, Playground Productions was absorbed into Mattel Creations. ReorganizedMattel hired former Disney Channel Worldwide programming executive Adam Bonnett as executive producer and head of a reorganized Mattel Television in early February 2019. On February 15, 2019, Mattel TV announced a slate of 22 animated and live-action TV programs. This division works with the franchise management division's senior vice president of content distribution and business development Frederic Soulie.
Production TitleYear(s)TypeProduction UnitProductionpartner(s)DistributorNotes. In October 2013, Mattel Playground Productions was launched by Mattel as its new in-house film studio to handle multi-media production, films, TV shows, web series, live events and games, for Mattel's brands. The intent was to centralize Mattel's disjointed content productions. Its first animated project is “Team Hot Wheels: The Origin of Awesome”. Mattel has under development a live-action Hot Wheels movie at and, a Masters of the Universe and a Barbie film at, a Monster High feature with Universal and a film with.
Playground Productions was planned to set up three-year storytelling plans that incorporate every part of the Mattel company from toy designers to consumer products and marketing. David Voss was appointed as Senior Vice President of Playground Productions.With WWE in March 2014, Playground launched an online short form series, WWE Slam City, to go along with the toy line.
The series was picked up by ’ NickSports programming block starting October 22, 2014.Voss left the division in January 2016 for subscription service,. In March 2016, PGP was placed within Mattel Creations along with the other two Mattel content production units. After failure of the Max Steel movie in 2016, Playground Productions was absorbed into Mattel Creations. Current formationOn September 6, 2018, Mattel announced the launch of a film division, Mattel Films, that will make movies based on the company’s toy brands. Robbie Brenner was appointed to head the division as executive producer and will report directly to the CEO. The revived division's first two projects are expect to be Barbie and Masters of the Universe films.
In early January 2019, Mattel closed the deal with Margot Robbie to star in the and Warner and Robbie's production company, LuckyChap Entertainment, to co-produce the film. Mattel Films and Sony revive Master of the Universe film development in January 2019 with many of the prior attempt's director and producers while bringing on board different writers, Art Marcum and Matt Holloway. Corporate.mattel.com.
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