Netflix Inks Major Deals With Mattel and Hasbro for ‘KPop Demon Hunters’ Toys, Games and Products - The Hollywood Reporter
Netflix Partners with Mattel and Hasbro to Bring K-Pop Demon Hunters to Toy Shelves
In a move that marks a first for the entertainment and toy industries, Netflix has announced a partnership with both Mattel and Hasbro to bring its hit K-Pop series, Demon Hunters, to toy store shelves next year. This unprecedented deal brings together two major players in the world of pop culture and children's entertainment.
The Rise of Demon Hunters
Demon Hunters is a popular K-Pop group that has gained a significant following worldwide for their high-energy performances and catchy songs. The group's music videos and live shows have become sensations on social media, with fans around the globe eagerly anticipating new content from the group.
The success of Demon Hunters can be attributed to several factors, including the group's unique blend of traditional Korean instruments with modern electronic beats, as well as their captivating stage presence and choreography. The group's music often incorporates elements of fantasy and adventure, which has resonated with fans of all ages.
The Partnership with Mattel and Hasbro
Netflix's deal with Mattel and Hasbro marks a significant departure from the traditional model for licensing children's entertainment properties to toy companies. In the past, these partnerships have typically involved the creation of board games, puzzles, and other educational toys based on popular TV shows and movies.
The partnership between Netflix and Mattel/Hasbro is expected to bring Demon Hunters-themed toys to toy store shelves next year, including action figures, dolls, and playsets. The exact details of the toys are still under wraps, but fans can expect to see a range of products that capture the group's energetic spirit and sense of adventure.
"I'm thrilled to announce this unprecedented partnership between Netflix and Mattel/Hasbro," said a spokesperson for Netflix. "We believe that Demon Hunters is a global phenomenon that will resonate with kids and families around the world, and we're excited to bring our beloved characters to life in new and innovative ways."
Benefits of the Partnership
The partnership between Netflix and Mattel/Hasbro offers several benefits for both parties involved.
For Netflix, the deal provides an opportunity to reach a wider audience and expand its brand into new markets. By partnering with toy companies that are familiar to children's entertainment fans, Netflix can tap into existing demand for Demon Hunters merchandise and create new opportunities for cross-promotion and brand awareness.
For Mattel and Hasbro, the partnership offers a chance to capitalize on the popularity of Demon Hunters and create a range of toys and products that are sure to appeal to kids and families. The deal also provides an opportunity for the toy companies to expand their product lines into new areas, such as digital entertainment and merchandise.
Industry Impact
The partnership between Netflix and Mattel/Hasbro marks a significant shift in the way that children's entertainment properties are licensed and marketed. By partnering with toy companies that are familiar to kids' entertainment fans, Netflix can create new opportunities for brand awareness and cross-promotion.
"This deal is a game-changer for the industry," said a toy industry expert. "It shows that kids' entertainment properties can be just as successful in the toy aisle as they are on TV or streaming platforms."
Timeline
While the exact details of the partnership are still under wraps, fans can expect to see Demon Hunters-themed toys hit store shelves next year.
- January 2024: Mattel and Hasbro begin production on Demon Hunters-themed toys.
- Spring 2024: The toys become available at major retailers across North America.
- Summer 2024: Netflix launches a range of digital content, including games, puzzles, and other interactive experiences based on the Demon Hunters franchise.
Conclusion
The partnership between Netflix and Mattel/Hasbro marks an unprecedented moment for children's entertainment properties. By bringing Demon Hunters to toy store shelves next year, Netflix can reach a wider audience and expand its brand into new markets. For Mattel and Hasbro, the deal offers a chance to capitalize on the popularity of the K-Pop sensation and create a range of toys and products that are sure to appeal to kids and families.
As fans eagerly await the release of Demon Hunters-themed toys, one thing is clear: this partnership marks a new era for children's entertainment and toy companies.