JAKKS Pacific and Pokémon USA Sign Master Toy Deal for Hugely Popular Pokemon Brand; Companies Jointly Announce the Expansive New License at Press Conference Before the Opening of Licensing 2006 International.
JAKKS Pacific, Inc. (Nasdaq:JAKK) and Pokémon USA, Inc. announced today that the two companies have signed a Master Toy licensing agreement under which JAKKS(TM) Pacific will develop, manufacture and distribute a diverse line of toys and related products based on the hugely popular Pokémon® brand. JAKKS Pacific and Pokémon USA will officially announce the agreement at a press conference at Pier 81 in New York City preceding the opening of the Licensing 2006 International Show.
Pokémon is the collective name for more than 380 characters that one can find, catch, train, trade, collect, and use in battle against rivals in the quest to become a Pokémon Master. With more than $25 billion in worldwide retail sales, Pokemon is a global pop culture phenomenon credited with making Japanese animation mainstream in the U.S.
Categories covered in the agreement include action figures, play sets, accessories, role-play items, plush, plug-and-play items, craft activity kits, stationery, writing instruments and seasonal products, including kites and pool toys.
"This new deal with Pokemon is an incredible milestone for JAKKS Pacific," said Stephen Berman, President and COO, JAKKS Pacific, Inc. "Pokemon, with its vast universe of characters, continues to capture children's imaginations today, for the same reasons it has over the past 10 years -- engaging story lines and universal themes like friendship and teamwork. We are extremely proud that they have chosen JAKKS as their Master Toy partner, and we are ready to take the Pokemon brand into its next phase of growth with a stellar line-up of products."
Berman continued, "JAKKS has been in the action figure business since our inception, and we know what it takes to make and keep an action figure line fresh in the market. Pokemon has all the makings of a thriving toy line because it is an evergreen brand that has built a core collector following as well as a new generation of fans."
"JAKKS Pacific, a leader of innovative toy design, has a unique understanding of what kids want. That, coupled with its speed to market, merchandising capabilities, unique product offerings and creative management, were attractive qualities that reeled us in," said Akira Chiba, President, Pokemon USA. "JAKKS' ability to manage aggressive roll-out schedules and to continually offer fresh assortments at retail keeps kids coming back for more. JAKKS' proposal for the toy line was visionary and we are thrilled to be partnering with a young, innovative company."
Pokemon just announced that beginning this fall, the ninth season of the top-rated animated TV series, Pokémon: Battle Frontier, will air on Cartoon Network. Also, on June 3rd, episodes of Pokémon Chronicles launched during the Toonami block. A new direct-to-video title, the eighth Pokémon movie, Pokemon: Lucario and the Mystery of Mew, is set for release in September. In addition, Nintendo of America will launch new video games including Pokémon Mystery Dungeon: Red Rescue Team/Blue Rescue Team for the Nintendo DS(TM) (Blue) and Game Boy(R) Advance (Red) and Pokémon Ranger for the Nintendo DS(TM).
JAKKS plans to launch the Pokémon product line in North America in Spring 2007, as well as various international territories, including Canada, South America, Central America, Mexico and more.
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ:JAKK) is a multi-brand company that designs and markets a broad range of toys and consumer products. The product categories include: Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories. The products are sold under various brand names including JAKKS Pacific(R), Play Along(R), Flying Colors(R), Creative Designs International(TM), Road Champs(R), Child Guidance(R), Pentech(R), Trendmasters(R), Toymax(R), Funnoodle(R), Go Fly a Kite(R), Color Workshop(R), JPI(TM) and Plug It In & Play TV Games(TM). JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games. For further information, visit www.jakkspacific.com
Cartoon Network (CartoonNetwork.com), currently seen in more than 89 million U.S. homes and 160 countries around the world, is Turner Broadcasting System, Inc.'s ad-supported cable service offering the best in original, acquired and classic animated entertainment for kids and families. Overnight from 11 p.m.-6 a.m. (ET, PT) Sunday-Thursday, Cartoon Network shares its channel space with Adult Swim, a late-night destination showcasing original and acquired animation for young adults 18-34.
