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Jakks Pacific Inc

BUSINESS
September 24, 1999 | From Bloomberg News
Jakks Pacific Inc., the Malibu-based maker of action figures and other toys, on Thursday agreed to buy closely held Colorbok Paper Products Inc.'s Flying Colors unit for about $34.5 million in cash as part of a plan to expand its line of toys.
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BUSINESS
December 4, 2002 | Abigail Goldman, Times Staff Writer
Jakks Pacific Inc., the Malibu-based maker of World Wrestling Entertainment figures and Pentech pens, said Tuesday that it had acquired the water guns, play sets and other assets of privately held Trendmasters toys. Terms of the deal were not disclosed. Toy industry experts, however, said the financially troubled Trendmasters had a number of suitors and probably sold for about $25 million.
BUSINESS
February 23, 2005 | Melinda Fulmer, Times Staff Writer
Malibu toy maker Jakks Pacific Inc. said Tuesday that net income grew almost sixfold on strong sales of its TV Games, Care Bear and Cabbage Patch products. However, uncertainty over a pending lawsuit by World Wrestling Entertainment Inc. and a request by the Securities and Exchange Commission to restate its 2002 and 2003 earnings cast a pall over the quarter's results. Shares of Jakks, which had risen as high as $23 early in the day, closed up 17 cents to $20.98 on Nasdaq.
BUSINESS
July 23, 2003 | Abigail Goldman, Times Staff Writer
Toy maker Jakks Pacific Inc. stunned investors Tuesday with dramatically lower-than-expected profit in the second quarter, prompting an analysts' free-for-all on a conference call with company executives. One analyst called the quarter a "train wreck." Another said, "I think train wreck is putting it mildly."
BUSINESS
July 22, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A 5-month-old El Paso girl choked to death on a plastic musical caterpillar toy, prompting a recall by the manufacturer, a division of Malibu-based toy maker Jakks Pacific Inc., the Consumer Product Safety Commission said Friday. Toys made by Fisher-Price, a division of El Segundo-based Mattel Inc., and Shelcore Inc., a Somerset, N.J., firm, also were recalled after parents reported injuries to their children, the federal regulatory agency in Washington said.
BUSINESS
October 19, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
Mattel Inc. and Jakks Pacific Inc. on Thursday reported better-than-expected quarterly earnings, bucking a depressed retail environment that worsened following the Sept. 11 terrorist attacks. The two Southland-based toy companies' relative strength supports a long-held toy industry truism: When Americans cut spending in response to a rocky economic climate, they will continue to buy for their children.
BUSINESS
July 7, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Harry Potter won't hit store shelves until Saturday but the youthful wizard is already working his magic on Wall Street. Shares of Scholastic Corp., Jakks Pacific Inc. and Enesco Group Inc. have risen as sharply as the hype surrounding the release of the fourth book about an orphan who attends a school for witches and wizards, "Harry Potter and the Goblet of Fire." All have a piece of the Potter franchise. Scholastic, the U.S. publisher of the series by British author J.K.
BUSINESS
August 18, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
If the toy industry were a big-time wrestling match, Malibu-based toy developer and distributor Jakks Pacific Inc. would be an undisputed underdog to the terrible, towering tag team of Mattel Inc. and Hasbro Inc. With only $65.8 million in market capital, 3-year-old Jakks can't field the variety of games, gadgets and dolls offered by Mattel and Hasbro, worth $11.6 billion and $4.9 billion, respectively.
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