Hasbro Selling eOne Music To Blackstone
Brian Goldner, Hasbro’s Chairman and CEO, commented, “This transaction will ensure that eOne Music is well positioned to unlock great opportunities for its many talented artists and partners, as Hasbro continues to focus on the core strategic elements of our Brand Blueprint to further strengthen our position as a purpose‐led play and entertainment company. On behalf of the Board and Hasbro management, I want to recognize the strong leadership of Chris Taylor and the entire eOne Music organization.”
Taylor said, “I’m excited to continue to lead and grow this exceptional business. We want the creative community to know that we are focused on making sure that this only benefits them and the work we do together. I also want to thank Brian Goldner and Hasbro for their support and partnership.” As part of the transaction, Entertainment One Canada Limited will sell the Canadian music division. The deal is expected to close in the second or third quarter of 2021.