Hasbro No Longer Co-Financing Future Movie IP’s

Hasbro Will No Longer Be Co-Financing Any Upcoming Movies of IP’s They Own the Rights Too With Any Movie Studio.

News November 22, 2024 7:54 amNovember 27, 2024 8:35 am Caleb Williams
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Today, a report announced that Hasbro will no longer be putting money down on popular movie IPs to which they currently hold the rights. This news comes after a string of flops at the theaters, including this year’s Transformers One animated movie, despite its praise from fans and critics. Hasbro currently holds the rights to IPs like Transformers, Power Rangers, G.I. Joe, and the Micronaughts.

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The toy company hasn’t seen much returns since the Michael Bay Transformers films of the early 2010s. They also saw Power Rangers flop in 2017 despite the film getting praise from fans and critics. In the future, any external studio, like their frequent partner Paramount Pictures, must fully finance any future film via a licensing agreement. Netflix has a licensing agreement with Power Rangers but has yet to exercise that deal in a future movie. The only film in the pipeline now is the Transformers/G.I.Joe live-action crossover film following the events of 2021’s Transformers: Rise of the Beasts.

Transformers One is out on 4K and Blu-Ray today

Source: Bloomberg

READ ALSO:  'Transformers: Rise Of The Beasts' Sets Up A Future 'G.I.Joe' Crossover Movie

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| Editor-in-Chief of Knight Edge Media | Film & TV Reporter | Social Media Manager |

Caleb began his film and television news reporting career during high school in 2008 by creating Superhero Movie News and part-time writing on ComicBookMovie.com. Eventually, he started Omega Underground with Christopher Marc in 2015. Breaking some major news stories throughout the industry and gaining recognition as a respectable film reporter on social media.

Caleb eventually sold Omega Underground and all its assets to Geeks World Wide, LLC in 2018 and became a staff writer for them for about a year. Finally, Caleb left GWW to begin Knight Edge Media from scratch in November 2019 while finishing his Bachelor’s degree in Strategic Communication: Social Media Management. Knight Edge Media has become a premier website destination for nerdy film and television casting, trailers, reviews, and production updates from the project’s announcement to its final worldwide release. Knight Edge Media has also been known for breaking several exclusive news stories throughout the website’s history. Appearing in The Hollywood Reporter and The Wrap.

Throughout his film reporting career, Caleb Williams has been given full press credentials for many nerdy Movie and TV conventions, including San Diego Comic-Con, Las Vegas CinemaCon, and Phoenix Fan Fusion. He also has early press access to many upcoming streaming projects for review on Knight Edge Media.

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