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Hasbro Entertainment is an American production and distribution company. As a division of American toy and multimedia company Hasbro, it serves as the successor of Hasbro Studios/Allspark following the sale of the majority of Entertainment One's assets (except for its family brands division, which has been folded into Hasbro) to Lionsgate on December 27, 2023.
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The company continued to struggle through the retail apocalypse, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 stores, lay off 20% of its corporate and supply chain staff, and eliminate the role of COO and CSO within the company. Liquidity was raised to about $1B after a loan and additional financing were secured.
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