HomeManufacturing

Saban Brands Plans Layoffs Following Hasbro Acquisition

By staff-author

May 23, 2018

1291

Saban Brands LLC, owner of the Power Rangers and other entertainment properties, announced the layoff of 60 employees as Hasbro Inc. is set to buy the company.

Century City-based Saban Brands will shut down July 2, according to a Worker Adjustment Retraining Notification letter sent to the state of California from Saban Brand lawyer Lawrence Stone, an attorney at Jackson Lewis.

The letter was dated May 1, which coincides with the date toymaker Hasbro announced its acquisition of Saban Brands.

Saban Brands parent Saban Capital Group, an investment firm that specializes in entertainment investments, will continue as a company, according to the letter. It has equity in Paul Frank Industries and Celestial Tiger Entertainment among other companies.

Occupations of the listed layoffs run the gamut from creative director to financial analyst to director of accounting. Fifty-one of the 60 layoffs are set to happen on July 2.

Not known is whether Hasbro will re-hire any employees subject to layoff. The letter made no mention of rehires, and a message left with Saban Brands May 23 was not immediately returned.

Media and entertainment reporter Matthew Blake can be reached at (323)556-8332 or mblake@labusinessjournal.com

Previous article

Health Care Leadership Forum & Awards 2018: HENRY MAYO NEWHALL HOSPITAL

Next article

Reliam Acquires G2 Tech, Plans Rebrand

Featured Articles

Related Articles

Matthew Blake Author ' + // image style settings '

' + 'tagDiv image style' + '' + '

' + ''; //inject our settings in the template - before

td_template_content = td_template_content.replace('

', td_our_content + '

'); //save the template jQuery('#tmpl-image-details').html(td_template_content); //modal off - click event jQuery(document).on( "click", ".td-modal-image-on", function() { if (jQuery(this).hasClass('active')) { return; } td_add_image_css_class('td-modal-image'); jQuery(".td-modal-image-off").removeClass('active'); jQuery(".td-modal-image-on").addClass('active'); }); //modal on - click event jQuery(document).on( "click", ".td-modal-image-off", function() { if (jQuery(this).hasClass('active')) { return; } td_remove_image_css_class('td-modal-image'); jQuery(".td-modal-image-off").addClass('active'); jQuery(".td-modal-image-on").removeClass('active'); }); // select change event jQuery(document).on( "change", ".td-wp-image-style", function() { switch (jQuery( ".td-wp-image-style").val()) { default: td_clear_all_classes(); //except the modal one jQuery('*[data-setting="extraClasses"]').change(); //trigger the change event for backbonejs } }); //util functions to edit the image details in wp-admin function td_add_image_css_class(new_class) { var td_extra_classes_value = jQuery('*[data-setting="extraClasses"]').val(); jQuery('*[data-setting="extraClasses"]').val(td_extra_classes_value + ' ' + new_class); jQuery('*[data-setting="extraClasses"]').change(); //trigger the change event for backbonejs } function td_remove_image_css_class(new_class) { var td_extra_classes_value = jQuery('*[data-setting="extraClasses"]').val(); //try first with a space before the class var td_regex = new RegExp(" " + new_class,"g"); td_extra_classes_value = td_extra_classes_value.replace(td_regex, ''); var td_regex = new RegExp(new_class,"g"); td_extra_classes_value = td_extra_classes_value.replace(td_regex, ''); jQuery('*[data-setting="extraClasses"]').val(td_extra_classes_value); jQuery('*[data-setting="extraClasses"]').change(); //trigger the change event for backbonejs } //clears all classes except the modal image one function td_clear_all_classes() { var td_extra_classes_value = jQuery('*[data-setting="extraClasses"]').val(); if (td_extra_classes_value.indexOf('td-modal-image') > -1) { //we have the modal image one - keep it, remove the others jQuery('*[data-setting="extraClasses"]').val('td-modal-image'); } else { jQuery('*[data-setting="extraClasses"]').val(''); } } //monitor the backbone template for the current status of the picture setInterval(function(){ var td_extra_classes_value = jQuery('*[data-setting="extraClasses"]').val(); if (typeof td_extra_classes_value !== 'undefined' && td_extra_classes_value != '') { // if we have modal on, switch the toggle if (td_extra_classes_value.indexOf('td-modal-image') > -1) { jQuery(".td-modal-image-off").removeClass('active'); jQuery(".td-modal-image-on").addClass('active'); } } }, 1000); })(); //end anon function -->