Today, Hasbro, Inc. (NYSE: HAS) and Sesame Workshop, the nonprofit educational organization behind Sesame Street, announced a 10-year global strategic alliance that will give Hasbro the rights to manufacture and market a wide-range of toys and co-branded games based on the beloved characters of Sesame Street. The range of products, featuring Elmo, Big Bird, Abby Cadabby and Cookie Monster, among others, will be designed to simultaneously entertain and educate young children. New Sesame Street products from Hasbroâ€™s PLAYSKOOL and games brands will be available in stores beginning in 2011.
â€œWe are very pleased to form a global strategic alliance with Sesame Workshop,â€ said Brian Goldner, Hasbroâ€™s President and CEO. â€œSesame Workshop has an amazing portfolio of characters that children have enjoyed in a variety of forms for decades, and Sesame Street is a brand that parents trust. Hasbro fully embraces Sesame Workshopâ€™s philosophy and mission, and we see this new alliance as an ideal strategic fit,â€ Goldner said.
â€œAt the heart of Hasbroâ€™s business is making fantastic games, toys, lifestyle and entertainment products that are enjoyed by people of all ages worldwide,â€ said Gary E. Knell, Sesame Workshopâ€™s President and CEO. â€œWe are thrilled to work with the leading provider of play to provide families with an extended and engaging Sesame Street experience.â€
About Sesame Workshop
Sesame Workshop is the nonprofit educational organization that revolutionized childrenâ€™s television programming with the landmark Sesame Street. The Workshop produces local Sesame Street programs, seen in over 140 countries, and other acclaimed shows to help bridge the literacy gap including The Electric Company and Pinky Dinky Doo. Beyond television, the Workshop produces content for multiple media platforms on a wide range of issues including literacy, health and military deployment. Initiatives meet specific needs to help young children and families develop critical skills, acquire healthy habits and build emotional strength to prepare them for lifelong learning. Learn more at www.sesameworkshop.org.
Hasbro, Inc. (NYSE: HAS – News) is a worldwide leader in children’s and family leisure time products and services with a rich portfolio of brands and entertainment properties that provides some of the highest quality and most recognizable play and recreational experiences in the world. As a brand-driven, consumer-focused global company, Hasbro brings to market a range of toys, games and licensed products, from traditional to high-tech and digital, under such powerful brand names as TRANSFORMERS, PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, CRANIUM and WIZARDS OF THE COAST. Come see how we inspire play through our brands at http://www.hasbro.com.