SANTA MONICA, Calif.--(BUSINESS WIRE)--Oct. 8, 2018--
JAKKS Pacific, Inc. (NASDAQ: JAKK), a leader in children’s
entertainment, today announced Paramount Players, a division of Viacom’s
(NASDAQ: VIAB) (NASDAQ:VIA) Paramount Pictures Corporation, has
officially acquired the feature film rights to CREEPY CRAWLERS™, the
iconic toy brand owned by JAKKS Pacific.
Neal H. Moritz will produce and Marc Gurvitz and Stephen Berman will
serve as executive producers of the feature film. Ali Bell and Royce
Reeves-Darby will be overseeing the project for Paramount Players.
“Paramount and Viacom are best-in-class partners. We are thrilled to be
in collaboration with this powerhouse team, including Neal Moritz, on
the development and production of a CREEPY CRAWLERS™ feature film for
Family audiences around the world,” said Stephen Berman, Chairman and
CEO of JAKKS.
About Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a global producer and distributor
of filmed entertainment, is a unit of Viacom (NASDAQ: VIAB)
(NASDAQ:VIA), a leading content company with prominent and respected
film, television and digital entertainment brands. Paramount controls a
collection of some of the most powerful brands in filmed entertainment,
including Paramount Pictures, Paramount Animation, Paramount Television,
Paramount Players, MTV Films, and Nickelodeon Movies. PPC operations
also include Paramount Home Media Distribution, Paramount Pictures
International, Paramount Licensing Inc., and Paramount Studio Group.
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer
and marketer of toys and consumer products sold throughout the world,
with its headquarters in Santa Monica, California. JAKKS Pacific’s
popular proprietary brands include Perfectly Cute™, Real Workin’
Buddies™, Squish-Dee-Lish™, XPV®, Disguise®, Moose Mountain®,
Funnoodle®, Maui®, Kids Only!®; a wide range of entertainment-inspired
products featuring premier licensed properties; and C’est Moi™, a youth
skincare and make-up brand. Through JAKKS Cares, the company’s
commitment to philanthropy, JAKKS is helping to make a positive impact
on the lives of children. Visit us at www.jakks.com and
follow us on Instagram (@jakkstoys),
and Facebook (JAKKS
©2018 JAKKS Pacific, Inc. All rights reserved.
Forward Looking Statements
This press release may contain “forward-looking statements” (within the
meaning of the Private Securities Litigation Reform Act of 1995) that
are based on current expectations, estimates and projections about JAKKS
Pacific's business based partly on assumptions made by its management.
These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such statements due to numerous factors,
including, but not limited to, those described above, changes in demand
for JAKKS' products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, and
difficulties with integrating acquired businesses. The “forward-looking
statements” contained herein speak only as of the date on which they are
made, and JAKKS undertakes no obligation to update any of them to
reflect events or circumstances after the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181008005155/en/
Source: JAKKS Pacific, Inc.
Vice President, Communications
Sean McGowan, (949) 574-3860