Category Archives: In the News

Mattel and Hasbro Considering a Merger—Again

matty-kid-1A recipe for disaster corporate success: Take 1 part struggling Mattel Toys, combine it with 1 part more of longtime rival, Hasbro Toys, then sprinkle with a dash of shrinking consumer interest and a smattering of unpalatable market effects (such as crumbling Toys ‘R Us (TRU) infrastructure), and what do you have? We don’t know, but the world’s two biggest toy companies appear to be contemplating a merger that (they hope) would cook up profitable “hot” products (to display on those vanishing TRU store shelves?), raise “Has/Mat” stock prices, and boost their newly combined mega-company’s bottom line. But WILL it?

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Will all of this corporate merger/restructuring simply result in a bland melange of bombast trumpeting, “Hey, look at us, we’re doing something BIG about our troubled toy industry.” Or is this all going to boil over into an even bigger, blander pot of  “kids-just-don’t-care-about-toys-anymore” reality stew? It will be interesting to toy fans and collectors to find out. Here’s the latest article we’ve found on this possible merger and its hoped-for final effects. Read it, watch the Mattel CEO video, and decide for yourself whether this merger is a good idea

Bottom Line: This move seems like too MUCH, and too LATE, to us. If the two companies combine, wouldn’t there be less urgency, less rivalry, less competitive spirit and less innovation? Monopoly the game, may be fun to play, but monopolies in real life rarely work out well for consumers. Company execs and stockholders may benefit in the short term, but toy fans in general will probably be quickly bored by all the new “tech toys” Mattel’s CEO seems to be so enamored of. (And all this hoopla looks like it’ll be one more nail in GIjOE’s “low tech” coffin box.)

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Remember Pearl Harbor Day Today—Ceremonies Will be Livestreamed on Numerous Websites

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Horror, Death and Destruction—In this historic photo, the Battleship USS West Virginia has already been sunk and continues to burn during the deadly attack on U.S. ships, installations and personnel at Pearl Harbor, HI, Dec. 7, 1941. In the background is the Battleship USS Tennessee. It would be damaged, but somehow remained afloat and was later repaired and modernized. (Photo: US Navy)

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In this full-color recreation of the attack, (a scene from the Hollywood film, Pearl Harbor), a stricken U.S. battleship lists severely to port as its sailors struggle to hold on. (Photo: Touchstone Pictures)

Bottom Line: Clear your desks, gather around, and REMEMBER with us the terrible events of this historic day back in 1941. Fortunately, there will be numerous websites providing LIVE streaming coverage of the memorial ceremonies taking place in Hawaii today. Here’s an article showing a complete list of those streaming sites and here’s a direct link to the DOD website as well. Please remember the time difference. If you don’t see an image, try the other links. Our sincerest thanks to everyone involved in providing live coverage of this important event available today.

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Today’s Pearl Harbor Memorial Ceremonies Are Viewable Via Worldwide Live-Streaming Coverage

Of course, no Hollywood movie could ever truly capture the holocaust of events inflicted upon Americans during the actual surprise attack. (Photo: US Navy)

The Japanese surprise attack on American forces, Pearl Harbor, HA, Dec. 7, 1941. (Photo: US Navy)

Bottom Line: Watch LIVE coverage of today’s memorial ceremonies via THIS streaming video link.

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SHOCKER!———Original Creator of “G.I. Joe” Action Figure, Stan Weston, Files Suit Against Hasbro in Bid to Recapture Copyrights to that Brand

It Was His Idea— Stan Weston (82) holds up a copy of Hasbro's original 1964 GIjOE Action Soldier, a product line produced from Weston's original concept which he created and sold to the company in 1963. When the copyrights to GIjOE expire in 2020, Weston (now 82), hopes to reclaim control over his creation in a court of law. (Photo:

It Was His Idea, Your Honor— Renowned toy creator, Stan Weston holds up an original 1964 GIjOE Action Soldier, just one piece of a hugely successful product line based on an original concept which Weston pitched and sold to Hasbro back in 1963. When copyrights to GIjOE expire in 2020, Weston (now 82), hopes to reclaim control over his creation—in court of law. (Photo: Nancy Dillon/NYDN)

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“I would welcome getting back the rights to G.I. Joe for the future; and then, plotting logical things to do with it. That’s all I’m looking to do.” —Stan Weston, 2015

The Right Thing to Do—Or a Blatant Money Grab?

Readers of The Joe Report will undoubtedly recall our 2013 story on Stan Weston (read that HERE) and how his regrettable 1963 decision to accept a one-time payment of $100,000 in exchange for his “G.I. Joe” product concept ending up costing him untold MILLIONS of dollars in future royalty payments and profits. Despite Weston’s financial losses, the “bottom line” of our story concluded with a consoling quote from Stan’s own brother, Jay Weston, who philosophically opined:

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“Stan once told me a story, about how he was introduced at a convention as ‘The Father of G.I. Joe,’ and a young boy came up to him and said, ‘Thank you. Joe made me a better student and a better boy.’ That’s probably worth more in the realm of heaven than any royalty.” —Jay Weston, 2013

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Stan Weston is the creator of many legendary toys, including GIjOE and Captain Action. In this undated photo, he poses in his office surrounded by his superb creations. (Photo: C.J. Zumwalt/NYDN)

While we agree that the effects GIjOE had on that young boy are indeed worth more than any financial reward, it appears that ol’ Stan has had some second thoughts about all of his (lost) GIjOE-related royalties. According to an article published last Wednesday in the Hollywood Reporter (see HERE), Weston’s attorney has just filed a “notice of termination” to Hasbro that, in effect, is:

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“…seeking to exploit a mid-1970s change in copyright law that allows authors or their heirs to grab back rights after 35 years from assignees. These termination rights have come up often in the music industry; here, it would terminate copyrights associated with a toy and derivative works.”

Fan reaction to Weston’s surprising legal challenge to Hasbro has been mixed. We consulted with our usual panel of 1:6 experts and their responses have been both encouraging and disparaging:

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Al Hartman, Captain Action fan & collector (Photo: Al Hartman)

Al Hartman, collector of 1:6 scale (Photo: Al Hartman)

“You want to know what I think? Hasbro made so much money off the G.I. Joe line… They should throw Stan a bonus just out of kindness. Just like a company gives a retiree a gold watch at retirement. The heck with whether there’s a contract that can be enforced, without need to enrich lawyers on both sides with a lawsuit. Make a big deal about it. Give him a lifetime achievement award, hold a press conference, give him the check and a specially made G.I. Joe Statue. Just to be kind, and for the good P.R.”
Al Hartman

Others were less amenable to Weston’s lawsuit. For example:

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“I think it stinks that he (Weston) wants to drag this through the mud. Whatever he came up with working for Hasbro belongs to Hasbro.” —Brian (last name withheld)

As always, we sought out the opinion of our favorite toy industry analyst, Rudy Panucci, who provided some helpful insight and commonsensical commentary on this matter, predicting:

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Toy Expert and Pop-Culture Blogger, Rudy Panucci (Photo: Rudy Panucci)

Renowned toy industry expert and pop-culture blogger, Rudy Panucci (Photo: Rudy Panucci)

“He will get a huge settlement. He doesn’t actually want GI Joe back. He wants back royalties that he feels Hasbro stiffed him on. From a pure legal standpoint, he has no chance of recapturing the copyrights, since all of the profitable elements were devised by Hasbro. He has a long shot at claiming the original idea under the novel premise that it was his idea to create a posable, male action figure, and that Hasbro did all the development as work-made-for-hire under his direction. But I would imagine that it would take years in court, with each side winning a few victories before it could get to the point of Hasbro possibly turning over the property. Way more likely would be Hasbro settling and paying him off–probably an eight figure sum and guaranteed royalties in the future. They’ll want this matter over and settled before it affects the publicity for the next movie. Perfect timing on Weston’s part. The only witness to dispute what he says was Don Levine, and he just died. Reportedly neither side has a contract.” —Rudy Panucci

Bottom Line: However Stan’s legal ploy pans out, it seems to us here at The Joe Report that if his lawyer can prove there is legal precedence, the likelihood of Hasbro offering Weston a financial settlement is quite high. However, the actions of Hasbro’s leadership regarding G.I. Joe have long (and regularly) baffled the brand’s loyal fans and industry experts alike. Hasbro may decide to fight Stan tooth and nail. This lawsuit bears close attention by all of GIjOE fandom. So…Stay tuned!

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Death of a Real-Life American Hero———Fox Lake Police Lt. Charles “G.I. Joe” Gliniewicz, Killed While Pursuing Three Suspects in Illinois

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Slain police officer, Charles “G.I. Joe” Gliniewicz of Illinois. (Photo: Fox Lake PD)

In an all too common story (nowadays), we’ve just received news that another member of America’s “thin blue line” separating civilized society from anarchy and chaos—has been killed. In this particular case, the slain police officer in question, Lt. Charles Gliniewicz of Fox Lake, IL, also had a unique nickname that may be of interest. That’s right. It was “G.I. Joe.” We’re not sure how or when Officer Gliniewicz was tagged with that specific appellation, but it will certainly strike another chord with readers of The Joe Report. As of the writing of this article, Gliniewicz’s killer (or killers) remain at large and a massive manhunt is currently underway. According to the latest intel from NBC News:

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“A growing manhunt continued on land and in the air Tuesday for three suspects believed to have gunned down a police officer in northern Illinois during a foot chase. The slain officer in Fox Lake, a village on the Wisconsin border, was identified as 30-year-veteran Lt. Charles Joseph Gliniewicz, a married father of four boys. Colleagues nicknamed him “G.I. Joe,” the mayor said.”

The Manhunt is On— For the killer or killers of Lt.

Armored Up— The manhunt is on for the killer—or killers—of Lt. Gliniewicz. (Photo: nydailynews)

“Gliniewicz radioed to dispatch before 8 a.m. local time that he was chasing three male suspects engaged in suspicious activity, Lake County Sheriff’s spokesman Chris Covelli told reporters. The officer then lost contact with the dispatchers. When backup arrived, officers found the injured Gliniewicz lying in a marshy area and stripped of his weapon and pepper spray, Covelli said. He died at the scene, reported NBC Chicago.”

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Killed in the Line of Duty—Lt. Gliniewicz on duty in his Fox Lake PD squad car. (Photo: Fox Lake PD)

Gliniewicz was remembered Tuesday for his enthusiasm and dedication to law enforcement, including working with children as part of a local Police Explorers unit. ‘He would always try to help everybody,’ youth member Thomas Ashbacher told NBC Chicago. ‘He would give his shirt off his back if he could.’ Ashbacher said Gliniewicz went by G.I. Joe because of his past military career, and was always patient when it came to showing kids the ropes of law enforcement training. ‘He could be tough,’ Ashbacher recalled, ‘but he could also be the most friendliest guy [to] you.”” 

Bottom Line: Our sincerest support and prayers go out to the family of Lt. Gliniewicz and to the other members of the Fox Lake PD and to all other police departments nationwide.

A supporter of Fox Lake Police Lieutenant Charles Joseph Gliniewicz who was also known as

Honoring Gliniewicz— A supporter of Fox Lake Police Lt. Charles Joseph Gliniewicz holds up his handmade sign in memory of the slain police officer in Illinois. (Photo: REUTERS/Jim Young)

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