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Hasbro's CEO Brian Goldner was on CNBC this morning and overall gave a pretty positive outlook for the future of the company despite growing concerns over Covid-19. He indicated production would be back at full capacity in China by the end of week and that sales for the company remained strong, in large part because demand was up for their gaming products as people hunker down at home. While production due to factory closures overseas had fallen behind a bit, he indicated that he felt they would soon be able to offset that and be back on track as things ramp back up. He also said their were no plans for any kind of layoffs in the foreseeable future.
Hasbro today held their Q4 2019 Earnings Conference Call where CEO Brian Goldner spoke to members of the financial media. During the event there was no mention of whether Hasbro had renewed their licenses with Disney for either Star Wars or Marvel. For those not familiar, the current licenses will expire at the end of this year. While Goldner would not commit to any future plans beyond this year for those brands, or their continued releationship with Disney, he did say he remained positive on the prospects of them continuing to work together. While one would expect some kind of official announcement to come soon from either Disney or Hasbro on the future of the Star Wars and Marvel licenses, it's not terribly surprising that it did not come today. Hasbro will be holding a full Year 2019 Earnings Conference Call and Annual Investor Update at the New York Toy Fair on February 21, 2020 at 8:00 a.m. Eastern Time. If there is no announcement at that point about continuing on with these licenses, then fans might want to start panicking.