Hasbro is an American toy and game company. It is one of the largest toy makers in the world, second only to the toy giant Mattel. Founded in 1923 as textile remnant company Hassenfeld Brothers, the firm moved into toy production in the late 1940s. Its first success as a toy company came in 1952, with the production of the Mr. Potato Head toy. In 1964, the company created the term "action figure" to market its new line of G.I. Joe toys. The company shortened its name to Hasbro in 1968. Other Hasbro hits include My Little Pony (1983), Transformers (1984), Furby (1998) and Pokemon (1999).
Hasbro has acquired a number of other toy companies, including the Milton Bradley Company and its Playskool label in 1984, CBS Toys and its Child Guidance label in 1985, Kenner and Parker Brothers in 1991, and Tiger Electronics in 1998. Child Dimension and Kid Dimension are also Hasbro labels.
In 2010, Hasbro partnered with Discovery Communications to launch a cable network called The Hub.
Hasbro Children's Hospital 2011 gala was titled "Elmo's Red Tie Ball", and featured the character as a guest. The same year, the company bought the official rights from Fisher Price to produce Sesame Street toys, and have done so ever since.
- The history of Hasbro on Hasbro's website
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