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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
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
July 20, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
Los Angeles-area toy makers Mattel Inc. and Jakks Pacific Inc. posted better-than-expected financial results Thursday, especially positive news in what is traditionally a slower period for toy sales. Financial analysts also said the companies' results were impressive given the overall weakness in the consumer and retail industries.
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.
BUSINESS
July 26, 2003 | Abigail Goldman, Times Staff Writer
For Jakks Pacific Inc., the fun and games have come to a halt -- at least for now. First it was surprisingly lower earnings, followed by a pummeling of its shares by investors. Now, the Malibu-based company -- best known for its World Wrestling Entertainment action figures -- is coming under fire for financial transactions and a new bonus plan that analysts say could create a windfall for senior managers who are already well compensated.
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.
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