Hit Entertainment
2011
$680M
Why
Mattel acquired Hit Entertainment, the owner of the Thomas & Friends and Barney brands, to expand its preschool portfolio and secure long-term licensing revenue streams from popular children's television properties.
Impact
The acquisition added iconic preschool brands to the portfolio, providing a stable, high-margin revenue base that insulates the company from the volatility of the traditional toy market.
Outcome
While the acquisition secured valuable intellectual property, the integration was challenging, and the company has since focused on streamlining the portfolio to focus on its core heritage brands.