×

Hasbro Sells Entertainment One's Music Business for $385 Million USD in Cash

Published Apr 28 2021 at 3:44 AM GMT
Key
Points
  • Earlier this week, toymaker turned Hollywood producer, Hasbro announced that it is selling the music business of Entertainment One to the investment firm, Blackstone, for $385 million USD.
  • More specifically, Hasbro is planning on selling eOne Music to entities controlled by Blackstone.
  • After the deal is finalized eOne Music is expected to run as an entirely separate business under its current president, Chris Taylor.
  • Hasbro's CEO Brian Goldner comments on the new deal, "This transaction will ensure that eOne Music is well-positioned to unlock great opportunities for its many talented artists and partners, as Hasbro continues to focus on the core strategic elements of " play and entertainment.
  • Hasbro purchased eOne Music in 2019 in an overall acquisition of Canada's Entertainment One.




Trending

Stats

  • Published Apr 28, 2021 3:44 AM GMT