Spin Master

Spin Master Corp.
Public Company
Traded as TSX: TOY
Industry Toys, television series
Genre Children's Entertainment
Founded 1994
Founder Ronnen Harary, Anton Rabie, Ben Varadi
Headquarters Toronto, Ontario, Canada
Area served
Global
Key people
Ronnen Harary and Anton Rabie (co-CEOs)
Number of employees
over 1,000 (2015)[1]
Divisions Spin Master Games
Spin Master Entertainment
Spin Master Outdoors
Spin Master International
Subsidiaries Swimways Corporation[2]
Marbles[3]
DV Giochi
Toca Boca[4]
Website Spinmaster.com

Spin Master is a Canadian global toy and entertainment company that has been designing, developing, manufacturing, and marketing consumer products for children around the world since 1994. Its brands include Bakugan, Meccano, Air Hogs, PAW Patrol, Aquadoodle, TGR, Tech Deck and 2015 Toy of the Year, Zoomer Dino. Spin Master employs over 1000 people globally with offices in Canada, United States, Mexico, France, Italy, United Kingdom, Slovakia, Germany, Sweden, the Netherlands, China, Hong Kong, Japan, and Australia.[5]

Since 2002, Spin Master has received 82 TIA Toy of The Year (TOTY) nominations with 24 wins across a variety of product categories. Spin Master has been recognized with 13 TOTY nominations for Innovative Toy of the Year, more than any other company.[6]

In 2007, the company launched Spin Master Entertainment, a media division that develops and produces global entertainment properties, characters and content. Spin Master Entertainment has produced five television series, including Bakugan Battle Brawlers, Little Charmers and its current hit PAW Patrol, which is broadcast in over 160 countries and territories globally. In 2014 Spin Master Entertainment launched a news broadcast named TGR.

In 2016, The Ohio Art Company announced that they sold its Etch A Sketch and Doodle Sketch brands to Spin Master.[7][8]

In January 2016 Spin Master announced the acquisition of DV Giochi, an Italian board game publisher founded in 1936 with a large portfolio of board games including Bang!, Word Up, Lvel 9, The Game among others.[9]

History

Three college friends from Western Ivey Business School, Ronnen Harary, Anton Rabie and Ben Varadi, founded Spin Master with $10,000 in Toronto in 1994.[10] The company's first product, Earth Buddies, was a small head made out of Kmart pantyhoses and grass seeds, which grew "hair" when watered. The Earth Buddy went on to sell over 26,000 units.

Spin Master's first major success came in 1998 with the launch of the Air Hogs brand, and its first item, the Sky Shark. Developed from the prototype provided by inventors John Dixon and Peter Manning, the Sky Shark was a foam plane that used compressed air to enable outdoor flight. Product development took over two years and more than $500,000,[11] but ended up generating $103 million in revenue over the next few years.

However, Spin Master's largest property to date was Bakugan, a card game developed around plastic marbles which popped open to reveal anime-style characters. Developed in conjunction with Sega Toys, Sega Corp and marketed through the Bakugan TV show (TMS Entertainment, Nelvana Inc.), Bakugan reached almost $1 billion in yearly sales.[12]

Products, Works, and Brands

Spin Master Entertainment

In 2008, Spin Master partnered with Cartoon Network to create "multi-category consumer products programs for Spin Master's portfolio of brands." They won the 2009 Toy of the Year award for Bakugan.[13] Spin Master is also the co-producer of an animated TV series called Redakai: Conquer the Kairu.[14] Spin Master Entertainment has produced five television series, including Little Charmers, Rusty Rivets, and their major hits Bakugan Battle Brawlers and PAW Patrol.

TGR is a news broadcast program produced by Spin Master Entertainment. This news broadcast presents PAW Patrol.

Air Hogs

Air Hogs was launched in 1999 with the Sky Shark. Specializing in low price, simple to fly airplanes and helicopters the Air Hogs line has evolved to include air and ground vehicles. Air Hogs products are sold and distributed in over 50 countries worldwide.

Zoomer

Introduced in 2014, Zoomer is a robotic dog that won "Innovative Toy of the Year" at the Toy Industry Association's ToTY Awards in 2014.[15] Zoomer Dino won the 2015 ToTY for "Boy Toy of the Year" and "Overall Toy of the Year."[16]

Also part of the Zoomer line are Zoomer Zuppies and Zoomer Chomplingz, smaller, low price point versions of their large counterparts. These smaller Zoomer items feature much of the same technology and interactivity as their larger counterparts.

Meccano

Acquired by Spin Master in 2013, Meccano (known as Erector Set in the USA) is a European construction brand with over 100 years of history. Spin Master has continued to manufacture and operate Meccano out of their European headquarters. Sets range from multi-build sets, architectural builds, and a build your own R/C car set. In 2015 the company introduced Meccanoid, a robotic building platform that allows children to build a four foot tall robot that can speak, move, and interact using a number of technologies.

Spin Master Games

Spin Master Games is the board game division of the company and includes titles such as:

Sick Bricks

Sick Bricks is a free-to-play video game and integrated line of collectible mini figures and construction sets. It won one of Techlicious’ 2015 Best of Toy Fair Awards.[33]

The core of Sick Bricks exists as an action RPG title available on Android and iOS which encourages players to "beam" physical figurines into the digital game [34] using the camera on their mobile device. Players can create new versions of existing figurines by physically combining different parts (e.g. arms, legs, head) and then scanning the resulting character into the game.

Spy Gear

Acquired in November 2012 from Wild Planet,[35] Spy Gear is a line of spy-themed toys and role play items that aim to empower and inspire kids to become spies themselves. Products are categorized as either Surveillance, Communication, Security, and Spy Essentials.

In 2013 Spy Gear was a McDonald's Happy Meal Partner, winner of an Oppenheimer Toy Portfolio Platinum Award, and winner of the National Parenting Center's Seal of Approval.

Liv Dolls

Spin Master was once a boy toy market. They had action figures, like Bakugan, but lacked a fashion doll. In 2006, they tried a fashion robot that could move by itself, but this had poor results. They almost gave up, until they finally came up with a new line that was launched in fall 2009: a girl toy line, Liv World [36] The characters are Sophie, Katie, Alexis, Daniela, Hayden,and more.

Lines/Waves

NASCAR Collectibles

In late 2011, Spin Master released a bunch of NASCAR Toys including replica 1/64th scale cars, haulers, pull back cars, remote control cars, and Bashers. This marks the return of NASCAR in the retail toy aisles since late 2010 when Action pulled the plug. In late 2015, it was then seen in stores that Lionel Racing had taken over NASCAR Authentics, ending Spin Master's 5-year run.

La Dee Da

The line features a young city girl named Dee and her friends, Tylie, Cyanne and Sloane, who started their own fashion label of the same name. They are fashion designers and always get inspirations everywhere they go and see in which is the theme of their new outfits. The character Dee also has a pet who shares the same taste for fashion, Le Bun. "Dee-sign Time" is often used for this style of fashion design.

Rowdy Shouty Chic is the official tagline.

Characters

References

  1. http://www.theglobeandmail.com/report-on-business/rob-magazine/how-spin-master-got-its-mojo-back/article22639332/
  2. http://www.swimways.com/swimways.aspx
  3. http://www.chicagotribune.com/business/ct-spin-master-buys-marbles-brain-store-0502-biz-20170501-story.html
  4. http://kidscreen.com/2017/07/10/toca-boca-moves-into-consumer-products/
  5. Company Overview
  6. http://www.toyawards.org
  7. http://www.ohioart.com/release.pdf
  8. https://www.nytimes.com/2016/02/13/business/ohio-art-sells-etch-a-sketch-to-spin-master.html
  9. "Spin Master expands games portfolio with Editrice Giochi purchase". PR Newswire. 2016-01-27. Archived from the original on 2016-01-27. Retrieved 2016-01-27.
  10. http://articles.latimes.com/1999/mar/24/business/fi-20523
  11. http://www.theglobeandmail.com/report-on-business/rob-magazine/how-spin-master-got-its-mojo-back/article22639332/
  12. http://business.financialpost.com/news/retail-marketing/spin-master-joins-digital-gaming-ranks
  13. Turner Newsroom 2010
  14. TV by the Numbers 2011
  15. http://www.toyassociation.org/events2/toty_awards/2014_toty_winners.aspx#.WKIuMm8rIgg
  16. http://globenewswire.com/news-release/2015/02/14/706456/10120248/en/Zoomer-Dino-Wins-Big-at-Annual-Toy-of-the-Year-Awards-Ceremony.html
  17. http://www.toyassociation.org/Events2/TOTY_Awards/2014_TOTY_Winners.aspx#.VSVDD_nF9Fo
  18. http://www.spinmaster.com/product_detail.php?pid=p10438
  19. http://www.spinmaster.com/product_detail.php?pid=p10442
  20. http://www.spinmaster.com/product_detail.php?pid=p10443
  21. http://www.spinmaster.com/product_detail.php?pid=p10444
  22. http://www.spinmaster.com/product_detail.php?pid=p10421
  23. http://www.spinmaster.com/product_detail.php?pid=p10424
  24. http://www.spinmaster.com/product_detail.php?pid=p20228
  25. http://www.spinmaster.com/brand.php?brand=cat_perplexus&gender=&age=&pageSize=0&pageNo=1
  26. http://www.spinmaster.com/product_detail.php?pid=p20222
  27. http://www.spinmaster.com/brand.php?brand=cat_beat_the_parents&gender=&age=&pageSize=0&pageNo=1
  28. http://www.spinmaster.com/product_detail.php?pid=p10390
  29. http://www.spinmaster.com/product_detail.php?pid=p20225
  30. http://www.spinmaster.com/product_detail.php?pid=p10423
  31. http://www.spinmaster.com/product_detail.php?pid=p20232&bid=cat_spinmaster_games
  32. http://www.spinmaster.com/product_detail.php?pid=p20223
  33. http://www.techlicious.com/blog/techlicious-2015-best-of-toy-fair-awards/
  34. http://www.forbes.com/sites/games/2015/03/27/sick-bricks-review/
  35. http://www.prnewswire.com/news-releases/spin-master-ltd-acquires-key-brands-from-wild-planet-180822851.html
  36. Turner Newsroom 2010

Brand Sites

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