Hasbro in the context of "Furby"


Hasbro in the context of "Furby"

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⭐ Core Definition: Hasbro

Hasbro, Inc. (/ˈhæzbr/; a syllabic abbreviation of its original name, Hassenfeld Brothers) is an American multinational toy manufacturing and entertainment holding company founded on December 6, 1923 by Henry, Hillel and Herman Hassenfeld and is incorporated and headquartered in Pawtucket, Rhode Island. Hasbro owns the trademarks and products of Kenner, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. As of August 2020, over 81.5% of its shares were held by large financial institutions.

Among Hasbro's products are Transformers, G.I. Joe, Power Rangers, Rom the Space Knight, Micronauts, M.A.S.K., Monopoly, Furby, Nerf, Potato Head, Bop It!, Play-Doh, Twister, and My Little Pony, and with the Entertainment One (now Lionsgate Canada) acquisition on December 30, 2019, franchises like Peppa Pig and PJ Masks. Hasbro also spawned TV shows to promote its products, such as Family Game Night on Discovery Family, which has been co-owned by Hasbro since 2010. The company sold Entertainment One to Lionsgate (now Starz Entertainment) on December 27, 2023, however, it kept eOne's family brands and eOne's stake in Astley Baker Davies, placing them into a new division known as Hasbro Entertainment, formed on August 16, 2023. The company celebrated their 100th anniversary on December 6, 2023. Hasbro primarily competes with Mattel.

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👉 Hasbro in the context of Furby

Furby is an American electronic robotic toy created by Tiger Electronics – a subsidiary of Hasbro. Originally released in October 1998, it resembles a sugar glider-like creature and went through a period of being a "must-have" toy following its holiday season launch. More than 40 million Furbies were sold during the three years of its original production, with 1.8 million sold in 1998 and 14 million in 1999. Overall, its speaking capabilities were translated into 17 various languages.

Furbies were the first successful attempt to produce and sell a domestically aimed robot. A newly purchased Furby, or a Furby that has been reset, starts out speaking entirely "Furbish" – the unique language that all Furbies speak – but is programmed to start speaking English words and phrases in place of Furbish over time. This process is intended to resemble the process of learning English.

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