This article contains promotional content .(June 2024) |
Formerly | Spin Master Toys (1994–2001) |
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Company type | Public |
TSX: TOY | |
Industry | Toys and entertainment |
Founded | March 26, 1994 |
Founder | Ronnen Harary Anton Rabie Ben Varadi |
Headquarters | 225 King Street W., Suite 200 Toronto, Ontario, Canada |
Area served | Worldwide |
Key people | Max Rangel (CEO, 2021–present) |
Brands | |
Revenue | $2.042 billion (2021) [1] |
Owners | Ronnen Harary Anton Rabie (98% voting power) |
Number of employees | 2,000+ (December 2021) [2] |
Divisions | Spin Master Games Spin Master Entertainment Spin Master Digital Games Spin Master Studios (USA) Spin Master Inc. (USA) |
Subsidiaries | Swimways Corporation [3] Marbles [4] Cardinal Industries Editrice Giochi Toca Boca [5] Perplexus [6] Gund [7] Nördlight [8] Melissa & Doug |
Website | Spinmaster.com |
Spin Master Corp., formerly known as Spin Master Toys, is a Canadian multinational toy and entertainment company. Spin Master employs over 1,600 people globally with offices in Australia, Canada, China, France, Germany, Hong Kong, India, Italy, Japan, Mexico, the Netherlands, Poland, Slovakia, Sweden, the United Kingdom, the United States, and Vietnam. [9]
Since 2002, Spin Master has received 92 "Toy of The Year" (TOTY) nominations with 28 wins across a variety of product categories, including 13 TOTY nominations for "Innovative Toy of the Year", more than any other toy company. In 2022, Spin Master won The Golden Screen Award for Feature Film, presented by the Academy of Canadian Cinema & Television, for Paw Patrol: The Movie . [10] Since 2021, Chase the police pup and Marshall the firefighting pup, two characters from Paw Patrol , are the company's mascots.
Three university friends from the Ivey Business School at the University of Western Ontario - Ronnen Harary, Anton Rabie and Ben Varadi - founded Spin Master Toys with $10,000 in Toronto in early 1994. [11] The company's first product, Earth Buddies, were small heads made out of Kmart pantyhose and grass seeds, which grew "hair" when watered. [12] The Earth Buddy went on to sell over 26,000 units.
Spin Master Toys' first major success came in 1998 with the launch of the Air Hogs brand and its first item, the Sky Shark. Developed from the prototype provided by inventors John Dixon and Peter Manning, the Sky Shark was a foam plane that used compressed air to enable outdoor flight. Product development took over two years and more than $500,000, [13] but ended up generating $103 million in revenue over the next few years. The Sky Shark put Spin Master Toys on the map, becoming one of the most popular toys in the world and earning them a slot on daytime television Regis and Kathie Lee alongside other international press. [14]
The company, which had grown to 28 employees by 1999, told the LA Times they were already “assessing 1,000 inventions a year.”[ citation needed ] They’d moved their manufacturing supply chain to Hong Kong in 1998.[ citation needed ]
The company scored another success in 1999, with Flix Trix Finger Bikes, a string of 1/2 inch replicas of BMX bikes. In 2003, the company made its first corporate acquisition buying Bounce ‘Round, a company that created scaled down versions of the inflatable bouncy castles. Over the next handful of years, Spin Master opened offices in the United States, Japan and Western Europe.[ citation needed ]
In 2003, Spin Master began marketing and distributing Pilot's Aquadoodle drawing toy for children with disappearing hydrochromic ink, which later won the American Toy of the Year award. [15] [16]
In 2008, Spin Master launched the Bakugan Battle Brawlers franchise, a card game developed in conjunction with Sega Toys, featured plastic balls which burst open to reveal anime-style characters. Bakugan reached almost $1 billion in yearly sales. [17]
Under Harary's leadership, Spin Master Entertainment launched with Bakugan Battle Brawlers the animated action adventure television series under the direction of Mitsuo Hashimoto. To date, Spin Master Entertainment has developed six television series with over 400 cumulative episodes. [18] In 2019, Abby Hatcher, an animated preschool series debuted on Nickelodeon on January 1, 2019, in the U.S. [19] The show centers on Abby and her new friends the Fuzzlies, who are amazing and quirky creatures that live in her family's hotel. Together with her best Fuzzly friend Bozzly, Abby goes on wild adventures to fix Fuzzly mishaps and help them in any way she can. [19] In 2020, Spin Master launched its first direct to Netflix series, Mighty Express. The show follows a team of trains and their kid best-buddies as they keep things moving and get the delivery through no matter what the trouble -one thrilling adventure after another.
In August 2013, Spin Master acquired the Erector Set by Meccano construction set line. [20] In June 2015, Spin Master entered into an agreement to acquire Cardinal Industries, a 60-year-old game and puzzles company. The purchase made Spin Master the second largest games company in the United States. A month after announcing it was buying Cardinal, Spin Master made its initial public offering on the Toronto Stock Exchange. [14]
In January 2016 Spin Master purchased the library of board games owned by Editrice Giochi SRL, one of the oldest privately held toy game companies in Italy. In February 2016, Spin Master bought the Etch A Sketch and Doodle Sketch brands from The Ohio Art Company for an undisclosed price. In April 2016, Spin Master purchased digital toy makers Toca Boca and Sago Mini from the Bonnier Group of Sweden. In August 2016 Spin Master diversified into the water and outdoor sports category through the acquisition of Swimways corporation. [14]
In 2017, Spin Master acquired Marbles, a firm known for creating games, gifts and gadgets and the maker of Otrio; Aerobie, a leading producer of outdoor flying disks and sports toys; and Perplexus, a 3D ball-in-a-maze Spin Master had been distributing since 2013. [14]
In March 2018, Spin Master acquired the 120 year old stuffed toy brand Gund. [21] In December of that year, Spin Master was announced as the new toy licensee of the DC Entertainment starting in spring 2020, having acquired the license from Mattel. [22] Spin Master is now a $1.5 billion (sales) company, which employs over 1,600 people in 16 countries. [23] At the end of 2019, Spin Master completed the acquisition of the award-winning Orbeez brand from Maya Toys, complementing its growing Activities segment. [24] Also in 2019 Spin Master started a ten-year toy licensing contract with Monster Jam ending a previous toy licensing deal between Monster Jam and Mattel who marketed it Monster Jam toys under the Hot Wheels line. [25]
In February 2020, Spin Master announced the theatrical release of the Paw Patrol movie, a Spin Master Entertainment production in association with Nickelodeon Movies and distributed by Paramount Pictures. [26] Paw Patrol: The Movie released in theatres on August 20, 2021, grossing $142 million worldwide. [27] Following the success of its first theatrical film for the franchise, Spin Master announced that production had begun on a sequel, Paw Patrol: The Mighty Movie slated to release on September 29, 2023. [28] On 27 October 2020, Spin Master said it will pay $50 million for Rubik's Cube, the iconic game invented nearly 50 years ago. [29] The acquisition was completed on 5 January 2021. [30] At the end of 2020, Spin Master announced executive leadership changes appointing Max Rangel as Global President effective January 2021, assuming the position of Global President and CEO in April 2021. [31] In February 2022, Spin Master announced it renewed its licensing agreement with Warner Bros. Consumer Products to continue manufacturing DC Universe toys through 2026. [32]
In 2021, Spin Master launched the Future of Play Scholarship committing to invest $100,000 in financial aid annually to the education and mentorship of underrepresented individuals. [33] On October 19, 2021, Spin Master established Spin Master Ventures, a $100 million venture fund to back up games, toys and entertainment startups with investments made in Nordlight, a game development company in Stockholm and Hoot Reading, an online tutoring service that provides reading lessons to children. [34] By the end of 2021, Spin Master had grown to a global children's entertainment company, employing over 2,000 people in 28 offices around the world. [35]
On October 11, 2023, Spin Master announced an agreement to acquire toy company Melissa & Doug from AEA Investors for $950 million in cash. [36] The acquisition was completed on January 2, 2024. [37] [38]
This section needs additional citations for verification .(May 2023) |
Spin Master Games is the board game division of the company. Spin Master also owns Cardinal Industries, Marbles [42] and Editrice Giochi board and card game publishers. Spin Master Games publishes titles such as:
Alongside the company's toy and board game businesses, they are the company behind several successful kids' media franchises:
Title | Release date | Network | Notes |
---|---|---|---|
Bakugan Battle Brawlers | February 24, 2008 – January 26, 2012 | TV Tokyo (Japan) Teletoon (Canada) | co-production with Sega Toys, Sega, TMS Entertainment and Nelvana |
Redakai: Conquer the Kairu | July 9, 2011 – December 23, 2013 | YTV (Canada) Cartoon Network (U.S.) Canal J/Gulli (France) | co-production with Marathon Media |
Paw Patrol | August 12, 2013 – present | TVOKids (Canada) Nickelodeon (U.S.) | co-production with Guru Studio |
Tenkai Knights | August 24, 2013 – December 6, 2014 | Cartoon Network (U.S.) Teletoon (Canada) TV Tokyo (Japan) | co-production with Shogakukan-Shueisha Productions and Bones |
Little Charmers | January 12, 2015 – April 15, 2017 | Treehouse TV (Canada) Nickelodeon (U.S.) | co-production with Nelvana and Atomic Cartoons |
Rusty Rivets | November 8, 2016 – May 8, 2020 | Treehouse TV (Canada) Nickelodeon/Nick Jr. Channel (U.S.) | co-production with Jam Filled Toronto |
Super Dinosaur | September 8, 2018 – January 26, 2019 | Teletoon (Canada) Amazon Prime Video (US) | co-production with Skybound Entertainment and Atomic Cartoons |
Bakugan: Battle Planet | December 23, 2018 – March 1, 2023 | Cartoon Network/Netflix (United States) TV Tokyo (Japan) Teletoon/YTV (Canada) | co-production with TMS Entertainment, Nelvana and Man of Action Entertainment First revival of the Bakugan franchise |
Abby Hatcher | January 1, 2019 – April 2, 2022 | TVOKids (Canada) Nickelodeon (U.S.) | co-production with Guru Studio |
Dragomonz | September 23, 2019 | YouTube | |
Zo Zo Zombie | March 19, 2020 | co-production with J.C.Staff | |
Mighty Express | September 22, 2020 – August 29, 2022 | Netflix | co-production with Atomic Cartoons |
Sago Mini Friends [52] | September 16, 2022 – present | Apple TV+ | co-production with Brown Bag Films |
Rubble & Crew [53] | February 3, 2023 – present | Treehouse TV (Canada) Nickelodeon (U.S.) | co-production with Jam Filled Toronto Spin-off of PAW Patrol |
Bakugan | September 1, 2023 – January 8, 2024 | Netflix | co-production with TMS Entertainment Second revival of the Bakugan franchise |
Vida the Vet | October 14, 2023 – present | Treehouse TV (Canada) CBeebies (UK) | co-production with Jam Filled Toronto |
Unicorn Academy [54] | November 2, 2023 – present | Netflix | |
Bella's Bro-Bots | 2024 | Treehouse TV (Canada) | co-production with Nelvana |
Title | Release date | Notes |
---|---|---|
Paw Patrol: The Movie | August 20, 2021 | co-production with Paramount Animation, Nickelodeon Movies and Elevation Pictures (Canadian distribution) |
Paw Patrol: The Mighty Movie | September 29, 2023 |
In 2012, Spin Master launched its first digital gaming app for Tech Deck. [55] Other successful apps connected to the company's entertainment and toy Intellectual properties followed and, in 2016, Spin Master expanded its offering in the digital space with the acquisition of global mobile and digital app brands Toca Boca and Sago Mini. [56] Spin Master Digital Games' most popular titles include:
Mattel, Inc. is an American multinational toy manufacturing and entertainment company founded in Los Angeles by Harold Matson and the husband-and-wife duo of Ruth and Elliot Handler in January 1945 and headquartered in El Segundo, California. Mattel has a presence in 35 countries and territories; its products are sold in more than 150 countries.
Hasbro, Inc. 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.
Nelvana Limited is a Canadian animation studio and entertainment production company owned by Corus Entertainment since 2000. Founded in July 1971 by Michael Hirsh, Patrick Loubert, and Clive A. Smith, it was named after Nelvana of the Northern Lights, the first Canadian national superhero, who was created by Adrian Dingle. The company's production logo is a polar bear looking at Polaris, the North Star.
Brian Robbins is an American businessman, producer, director, actor, and the current co-CEO of Paramount Global. He has been the president of Nickelodeon and president and CEO of Paramount Pictures since 2018 and 2021, respectively. He was named the co-CEO of Paramount Global in April 2024.
MGA Entertainment Inc. is a manufacturer of children's toys and entertainment products founded in 1979. Its products include Bratz, Num Noms, Lalaloopsy, and Rainbow High, as well as toys targeted at boys such as Scan2Go. MGA also owns Little Tikes and animation studio MGA Studios.
Behaviour Interactive Inc. is a Canadian video game developer and publisher based in Montreal. The studio is best known for the multiplayer horror game Dead by Daylight.
Lego Harry Potter is a Lego theme based on the film series of the same name and the eponymous novels by British author J. K. Rowling. It is licensed from Warner Bros. Lego models of important scenes, vehicles and characters were made for the first six films and all of the published books. The first sets appeared in 2001, to coincide with the release of the first film, Harry Potter and the Philosopher's Stone. Subsequent sets were released alongside the new films, until Harry Potter and the Order of the Phoenix. The line then went dormant for three years, with sets being released in 2010 and 2011. In 2018, it was announced that more sets based on the Harry Potter franchise would be released, including new sets based on Fantastic Beasts and Where to Find Them and its sequel, Fantastic Beasts: The Crimes of Grindelwald.
Mega Brands Inc. is a Canadian children's toy company that is currently a wholly owned subsidiary of Mattel. Mega Bloks, a line of construction set toys, is its most popular product. Its other brands include Mega Construx, Mega Puzzles, and Board Dudes. The company distributes a wide range of construction toys, puzzles, and craft-based products.
Bakugan Battle Brawlers is a Japanese-Canadian anime television series produced by TMS Entertainment, Dentsu Inc., and Nelvana Limited under the direction of Mitsuo Hashimoto. The story centers on the lives of creatures called Bakugan and the "battle brawlers" who possess them. The Bakugan franchise itself is a joint venture between Sega Toys, Spin Master and Nelvana.
PlayMonster is a manufacturer and marketer of family entertainment products that specializes in games, children's puzzles, toys, activities, and teaching tools founded in 1985. In February 2016, Patch changed its company name to PlayMonster.
Toca Boca is a Swedish children's mobile video game developer. The company is owned by Spin Master and is based in Stockholm, Sweden.
Scopely, Inc. is an American interactive entertainment company and mobile-first video game developer and publisher. The company is headquartered in Culver City, California, with offices across the US, EMEA and Asia.
Paw Patrol is a Canadian animated television series created by Keith Chapman and produced by Spin Master Entertainment, with animation provided by Guru Studio. In Canada, the series is primarily broadcast on TVOntario as part of the TVOKids programing block. TVO first ran previews of the show in August 2013. The series premiered on Nickelodeon's Nick Jr. in the United States on August 12, 2013.
Moose Toys, also known as Moose Enterprises or The Moose Group, is an Australian-owned toy design, development, and distribution company founded in 1985 by Brian Hamersfeld. The company is headquartered Cheltenham, Victoria, Australia, has over 600 staff, and distributes to over 50 countries. They are most known for their collectable minifigure toy lines "The Trash Pack" and "Shopkins", and their associated francises.
Toys-to-life is a video game feature using physical figurines or action figures to interact within the game. These toys use a near field communication (NFC), radio frequency identification (RFID), or image recognition data protocol to determine the individual figurine's proximity, and save a player's progress data to a storage medium located within that piece. It was one of the most lucrative branches of the video game industry especially during the late 1990s and 2010s, with the Skylanders franchise alone selling more than $3 billion worth over the course of four years.
Shopkins are a range of tiny, collectable toys manufactured by Moose Toys. Based on grocery store items, each plastic Shopkin figure has a recognizable face and unique name. They also have special finishes like translucent, glitter, or squishy. The collectable toys also expanded into lines of clothing, trading cards, and other related merchandise.
Ronnen Harary is a Canadian entrepreneur, television and film producer, philanthropist, and billionaire. He is a co-founder of Canadian children's entertainment company Spin Master and the co-creator of PAW Patrol, a preschool series that airs in 160 countries. Along with childhood friend Anton Rabie, he founded Spin Master shortly after graduating from the University of Western Ontario, and they were co-CEOs of the company from 1994 to 2021. Harary is now chair of Spin Master's board of directors. He continues to oversee the company's long-term strategic vision and remains involved in business development and merger and acquisition activity.
Bakugan: Battle Planet is an anime television series serving as a reboot of the 2007–2012 series Bakugan Battle Brawlers. The series is produced by Nelvana, Spin Master Entertainment and TMS Entertainment, and edited by Man of Action Entertainment. Battle Planet premiered in North America in December 2018, airing on Teletoon in Canada and Cartoon Network in the United States, and later debuted in Japan in April 2019.
Paw Patrol: The Movie is a 2021 Canadian animated action-adventure comedy film based on the television series Paw Patrol created by Keith Chapman. It was directed by Cal Brunker, who co-wrote the screenplay with Billy Frolick and Bob Barlen from a story by Frolick. Several cast members from the main series reprised their roles, including Kingsley Marshall, Keegan Hedley, Shayle Simons, Lilly Bartlam, and Ron Pardo. They are joined by Iain Armitage, Marsai Martin, Yara Shahidi, Kim Kardashian, Randall Park, Dax Shepard, Jimmy Kimmel, Tyler Perry, and introducing Will Brisbin in his film debut as Ryder. In the film, Ryder and the Paw Patrol pups are called to Adventure City in order to stop the recently-elected Mayor Humdinger from wreaking havoc.
Toca Boca's move also falls in line with subsidiary Sago Mini (which was also part of Spin Master's acquisition last April).
It's been a wild ride for Spin Master, a young Toronto-based company that was founded by three entrepreneurial friends: the high-strung, creative 28-year-old Varadi, the more serious salesman Anton Rabie and long-term visionary Ronnen Harary, who are both 27. The company was founded in 1994.
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