{"id":1989436,"date":"2023-08-03T07:08:02","date_gmt":"2023-08-03T11:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hasbro-cuts-revenue-forecast-as-writers-strike-to-hit-entertainment-unit\/"},"modified":"2023-08-03T07:09:41","modified_gmt":"2023-08-03T11:09:41","slug":"hasbro-cuts-revenue-forecast-as-writers-strike-to-hit-entertainment-unit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hasbro-cuts-revenue-forecast-as-writers-strike-to-hit-entertainment-unit\/","title":{"rendered":"Hasbro lowers revenue forecast due to writers&#8217; strike impacting entertainment division."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhasbro-cuts-revenue-forecast-as-writers-strike-to-hit-entertainment-unit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1989436&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Hasbro Lowers Revenue Forecast Due to Entertainment Segment Impact<\/strong><\/p>\n<p>Hasbro has revised its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indexes-drop-as-walmart-profit-warning-spooks-investors\/\" title=\"Indexes drop as Walmart profit warning spooks investors\">full-year revenue forecast<\/a>, citing the ongoing writers&#8217; and actors&#8217; strike\u200d as a major\u2062 factor affecting its entertainment segment, which includes the \u2063eOne film and TV studio. The company now\u2064 expects a decline of 3% to 6% in \u2063fiscal 2023 revenue, compared to its previous outlook of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hasbro-cuts-revenue-forecast-as-writers-strike-to-hit-entertainment-unit\/\" title=\"Hasbro lowers revenue forecast due to writers' strike impacting entertainment division.\">low-single-digit decline<\/a>. The entertainment segment revenue is projected to decline between 25% and 30%.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Additionally, Hasbro has announced the sale of its eOne film and\u200c TV studio to\u200d Lionsgate Entertainment \u2062for \u2062approximately $500 million. This move is part\u2062 of the company&#8217;s strategy to \u200bfocus \u200con\u2063 more\u200c profitable brands.<\/p>\n<\/p>\n<p>  (Reporting\u2064 by Savyata Mishra in Bengaluru; \u200cEditing by Vinay Dwivedi)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/hasbro-cuts-revenue-forecast\/attachment\/the-hasbro-inc-logo-is-seen-on-the-star-wars\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The Latest Trump Indictment and Marco Rubio&#8217;s Critique<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Joe Biden&#8217;s Department of Justice has indicted Former President\u2062 Donald J. Trump for a third time, raising\u2064 questions about the\u200c timing of \u2063the indictment. Senator Marco\u200b Rubio has pointed out \u2064the perceived double\u2063 standard within the \u2064DOJ.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Longtime \u200bDemocrat Lawmaker Switches to Republican Party<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A Democrat \u2062lawmaker\u2064 from New York, who served in the assembly for\u2064 36 years,\u200d has announced his departure from the party \u2062and his decision to join the\u2063 Republican\u2062 party.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Exclusive Interview: Representative\u2062 Andy \u2064Biggs on Joe Biden&#8217;s Involvement<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In an exclusive interview, Oversight\u200c Committee member Representative Andy Biggs reveals his belief that \u2063Joe Biden\u200b was &#8220;taking a \u2063cut&#8221; \u2062of his \u200cson Hunter&#8217;s business deals, \u200cbased on his observations during Devon Archer&#8217;s closed-door testimony.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Apple&#8217;s High-Yield Savings\u200c Account Surpasses $10 Billion in Deposits<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Apple&#8217;s \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apples-high-yield-savings-account-hits-over-10-billion-in-customer-deposits\/\" title=\"Apple's savings account surpasses B in customer deposits.\">high-yield \u200dsavings account<\/a>, offered in\u2063 partnership with Goldman Sachs, has\u200c now accumulated over $10 \u200cbillion in customer deposits, showcasing its \u200cpopularity among technology \u200benthusiasts.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Cognizant Technology Solutions Forecasts \u200dStrong Third-Quarter Revenue<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Cognizant Technology\u200c Solutions, a\u2062 leading IT services provider, has projected third-quarter revenue that exceeds expectations. \u2064More businesses are turning to the company for their IT \u2062needs.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hasbro&#8217;s full-year revenue forecast has been reduced due to the ongoing writers&#8217; and actors&#8217; strike affecting its entertainment segment, including the eOne film and TV studio. The company now expects a 3% to 6% decline in fiscal 2023 revenue, compared to its previous forecast of a low-single-digit decline.<\/p>\n","protected":false},"author":66,"featured_media":1989437,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1989436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1989436"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1989437"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1989436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1989436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1989436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}