SANTA MONICA, Calif. - JAKKS Pacific, Inc. (NASDAQ: JAKK), a renowned toy and consumer products manufacturer, has announced a partnership with Epic Story Media to introduce a new intellectual property (IP) called Wild Manes. The collaboration is set to produce a content and licensing program centered around this IP, featuring an animated series and a toy line inspired by a whimsical world of horses.
The animated series, developed by Epic Story Media and animated by Loomi Animation, is scheduled for release on YouTube Kids and other OTT platforms in Summer 2024. The show, consisting of forty 5-minute episodes, is penned by Shelia Rogerson, creatively produced by Cheryl Hassen, and directed by Tahir Rana.
In tandem with the series, an interactive Roblox game is being developed by Freeground, Epic's new game studio. The game is slated for a Summer 2024 release, allowing players to immerse themselves in the town of Wild, complete quests, and interact with the Mane Girls characters.
JAKKS Pacific is also set to launch the Wild Manes toy line in Fall 2024. The line will feature character-driven horse sets, horse and cart ensembles, and playsets, each with a unique personality and origin story. The toys will be available at major retailers and online.
Greta Salmon, Sr. Director of Marketing, Girls Toys at JAKKS Pacific, expressed excitement about the partnership with Epic Story Media to create a comprehensive franchise ecosystem that includes engaging content, consumer products, and children's toys.
Epic Story Media's CEO and President, Ken Faier, highlighted the innovative approach to crafting content across multiple platforms to introduce and engage children with the brand throughout the year.
The Wild Manes toys and animated series will be presented at this year's Licensing Expo from May 21-23, 2024, in Las Vegas, Nevada, with a media mixer planned at Epic Story Media's booth.
This announcement is based on a press release statement from JAKKS Pacific, Inc.
InvestingPro Insights
In light of JAKKS Pacific, Inc.'s (NASDAQ: JAKK) recent announcement of their partnership with Epic Story Media, there are several financial metrics and InvestingPro Tips that provide a deeper understanding of the company's current market position. As of the last twelve months as of Q4 2023, JAKKS Pacific holds a market capitalization of $237.02 million, reflecting the size of the company in the toy and consumer products sector.
The company's P/E Ratio stands at a modest 5.97, with an adjusted P/E Ratio for the same period at 6.28. This indicates that the company is trading at a low earnings multiple, which may catch the eye of value investors seeking undervalued stocks. Additionally, JAKKS Pacific's Revenue Growth has seen a decline of 10.63% over the last twelve months, which aligns with one of the InvestingPro Tips that analysts anticipate a sales decline in the current year.
Despite the challenges in revenue growth, JAKKS Pacific's financial health appears robust, with liquid assets that exceed short-term obligations. The company also holds more cash than debt on its balance sheet, which is a reassuring sign for investors concerned about financial stability. Moreover, the valuation implies a strong free cash flow yield, suggesting that the company is generating a healthy amount of cash relative to its share price.
For investors interested in a more comprehensive analysis, there are additional InvestingPro Tips available for JAKKS Pacific on InvestingPro, including insights into stock price volatility and revenue valuation multiples. With the use of the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable insights.
As JAKKS Pacific ventures into new IP with Wild Manes and expands its digital footprint, these financial metrics and InvestingPro Tips provide a valuable perspective for investors monitoring the company's progress.
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