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Jakks Pacific Inc

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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BUSINESS
October 31, 2004 | James F. Peltz, Times Staff Writer
Back in 1998, World Wrestling Entertainment Inc., the glitzy promoter of spandex-clad warriors, said it was entering an "exciting new phase." It had signed a deal for Malibu toy company Jakks Pacific Inc. and Calabasas Hills video game maker THQ Inc. to jointly produce video games based on WWE's star wrestlers and wild matches. Jakks was an "obvious choice," WWE's then-licensing chief James Bell said at the time, because it already was licensed to sell WWE toy action figures.
BUSINESS
April 24, 2008 | From Times Wire Services
Toy maker Jakks Pacific Inc., hurt by litigation and product testing costs, reported lower quarterly profit, sending its shares down 8%. First-quarter profit fell to $877,000, or 3 cents a share, from $3.2 million, or 12 cents a share, a year earlier. Sales rose 5.5% to $130.9 million.
BUSINESS
August 29, 2001 | Bloomberg News
Jakks Pacific Inc., a maker of toys, action figures and video games, and News Corp.'s Twentieth Century Fox movie studio reached a licensing agreement for products related to the animated film "Ice Age." Terms weren't disclosed. Jakks' Flying Colors unit will make plush toys, action figures, lunch boxes and other items linked to "Ice Age," scheduled to be released in the spring, the companies said.
BUSINESS
October 22, 2008 | Times Wire Reports
Toy maker Jakks Pacific Inc. reported 14% higher third-quarter profit on gains from a tax benefit and higher sales as it had solid results in its dolls, action figures and electronic toy lines. Jakks' profit rose to $54.1 million, or $1.70 a share, from $47.3 million, or $1.45, a year earlier. Sales rose 12% to $357.8 million. Shares fell 27 cents, or 1.3%, to $20.25.
BUSINESS
September 20, 2007 | From Times Wire Services
Malibu-based toy maker Jakks Pacific Inc. was accused of copyright infringement in a lawsuit over electric guitars it makes for Walt Disney Co.'s TV character Hannah Montana. KidDesigns Inc., the maker of Barbie guitars for El Segundo-based Mattel Inc., filed suit last week in Newark, N.J., claiming that the Hannah Montana songs and other features of the Jakks product are confusingly similar to those KidDesigns created for the Barbie guitar. KidDesigns, based in Rahway, N.J.
BUSINESS
February 21, 2008 | From Times Wire Services
Toy maker Jakks Pacific Inc. said its fourth-quarter profit climbed 48% because of strong sales of Disney toys, action figures and electronic and video games. Net income increased to $34.4 million, or $1.06 a share, from $23.2 million, or 73 cents, a year earlier, the Malibu-based company said. Revenue grew 20% to $285.1 million. Analysts polled by Thomson Financial expected a profit of 74 cents a share on revenue of $246.8 million. Shares closed up $1.15, or 4.3%, at $28.
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