UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 23, 2014

JAKKS PACIFIC, INC.
(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code:  (310) 456-7799

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition.

   On October 23, 2014, we issued a press release announcing our third quarter results for 2014.  A copy of such release is annexed hereto as an exhibit. Such financial information included in the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.  Financial Statements and Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit 99.1

JAKKS Pacific® Reports Improved Third Quarter Results for 2014

Company Increases 2014 Financial Guidance

MALIBU, Calif.--(BUSINESS WIRE)--October 23, 2014--JAKKS Pacific, Inc. (NASDAQ: JAKK) reported results for the Company’s third quarter ended September 30, 2014.

Net sales for the third quarter of 2014 increased to $349.4 million, up 12% from net sales of $310.9 million reported in the comparable period in 2013. Reported net income for the third quarter increased 16% to $44.1 million, or $1.03 per diluted share. This compares to reported net income for 2013 of $36.6 million, or $1.11 per diluted share.

Net sales for the nine months ending September 30, 2014 increased 12% to $556.0 million compared to $495.2 million in 2013. Reported net income for the nine month period was $18.7 million, or $0.61 per diluted share. This compares to a net loss for the first nine months of 2013 of $37.8 million, or $1.73 per diluted share.

Stephen Berman, President and CEO, JAKKS Pacific, Inc., stated, “We are extremely pleased with our better than expected sales in the third quarter. Strong sales, particularly of our new Frozen Snow Glow Elsa doll and Light Up Musical dresses, contributed to our improved third quarter results. We are also pleased with the great performance of our Disguise Halloween offerings, Nintendo plush and figure products, and licensed large scale figures such as Star Wars, to name just a few.

“We are experiencing very positive consumer reaction to many of our products at retail, a wide variety of which were included on retailer holiday hot toy lists including Toys ‘R’ Us, Walmart, Target, Kmart, and Amazon, among others; toy industry experts’ top toy lists including Time to Play and Toy Insider; and consumer parenting media such as PARENTS and Family Fun magazines – all have touted our products as the anticipated 'must haves' for the holidays.

“This quarter has been a most gratifying one for our company, and demonstrated our core competency of creating and manufacturing great products and quickly shipping to market to meet rising consumer demand. Our goal is to maintain this momentum with a broad array of innovative products and a continued focus on improving year-to-year profitability. Our sales teams have done a stellar job growing our business in the third quarter. We have grown our offerings in alternative distribution channels such as QVC and Kohl’s, and expanded into new retailers such as Justice and GameStop – our products are everywhere that consumers shop. Our International business continues to grow as well, posting sharp year over year growth in the third quarter, led by Frozen toddler dolls, Disney Princess toddler dolls, Nintendo plush and figures, Star Wars figures and Slugterra toys. We continue to expand and grow in international markets including the UK, Europe, Middle East, Mexico, Latin America and Asia.

“To stay relevant in our changing industry landscape and ahead of evolving play patterns, we continue to launch new products in our DreamPlay portfolio and update our existing apps with fun new games and in-app purchases. New roll-outs in our DreamPlay line of technology-driven toys in the third quarter include the launch of our Max Tow Truck app and new updates to our miWorld app. We anticipate these apps and toys will be popular with children this holiday season by providing a unique interactive play experience that combines great physical toys with DreamPlay iD technology and enhanced augmented reality content brought to life on smart phones and tablet devices.

Berman concluded, “We recently completed our Fall Toy Preview meetings and are pleased with the enthusiastic response from retailers, licensors and other industry partners to our 2015 product line-up, which will feature more of the biggest licenses in children’s entertainment as well as unique, innovative products. We look forward to returning JAKKS to profitability as we wrap up a successful 2014 and look forward to a promising year in 2015.”

2014 Guidance

The Company currently expects increased net sales for the full year of 2014 to be in the range of $750 million to $760 million, an increase from its previously issued guidance of net sales in the range of $660 million to $670 million, with earnings guidance now in the range of $0.64 to $0.67 per diluted share. The Company’s previous reported earnings guidance was in the range of $0.20 to $0.30 per diluted share. Excluding the second quarter restructuring charge of $1.2 million, EBITDA is now expected to be in the range of $51 million to $53 million, an increase from the previous EBITDA guidance in the range of $43 million to $45 million.

Working Capital

As of September 30, 2014, the Company’s working capital was $246.9 million, including cash and equivalents and marketable securities of $88.8 million, compared to working capital of $195.2 million including cash and equivalents and marketable securities of $51.7 million as of September 30, 2013.

Conference Call

JAKKS Pacific will webcast its third quarter earnings conference call today, October 23, 2014, at 9:00 a.m. ET (6:00 a.m. PT). To listen to the live webcast, go to www.jakks.com/investors, and click on the earnings webcast link under Events and Presentations at least 10 minutes prior to register, download and install any necessary audio software. A telephonic playback will be available from 11:30 a.m. ET on October 23 through November 21, 2014. The playback can be accessed by calling (888) 843-7419, or (630) 652-3042 for international callers, pass code “38251775”.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer and marketer of toys and consumer products with a wide range of products that feature popular brands and children's toy licenses. JAKKS’ diverse portfolio includes Action Figures, Electronics, Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture, Vehicles, Plush, Art Activity Kits, Seasonal Products, Infant/Pre-School, Construction Toys, Ride-On Vehicles, Wagons, Inflatable Environments and Tents, Impulse Toys and Pet Products sold under various proprietary brands including JAKKS Pacific®, Road Champs®, Funnoodle®, JAKKS Pets®, Plug It In & Play TV Games™, miWorld™, Kids Only!®, Tollytots®, Disguise®, Moose Mountain® and Maui®. JAKKS is also the creator of the underlying Monsuno® property and toy line. JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Nickelodeon®, Warner Bros.®, DC Comics®, Saban’s Power Rangers® and Cabbage Patch Kids®. DreamPlay Toys, LLC is a joint venture between JAKKS Pacific, Inc. and NantWorks LLC to develop, market and sell toys and related consumer products incorporating NantWorks’ proprietary iD recognition technology. www.jakks.com

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.

© 2014 JAKKS Pacific, Inc. All rights reserved.

CONTACT:
JAKKS Pacific, Inc.
Joel Bennett, (310) 455-6210
Anne-Marie Grill, (310) 455-6245