Spin Master Corp. (TSX:TOY) is a global leader in children`s entertainment that creates exceptional gaming experiences through a wide range of innovative toys, entertainment franchises and digital toys and games. Spin Master is best known for award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®, Hatchimals® and GUND® and is the licensee for other popular properties. Spin Master Entertainment creates and produces compelling multiplatform content, engaging stories and characters through its in-house studio and partnerships with external creators, including the success of the PAW Patrol kindergarten and 10 other TV series distributed in more than 160 countries. The company has an established digital presence, anchored by the Toca Boca® and Sago Mini brands® which together have more than 25 million monthly active users. With more than 1,800 employees in 28 locations around the world, Spin Master markets products in more than 100 countries. For more information, visit spinmaster.com or follow Instagram, Facebook and Twitter @spinmaster. The number of calls for participants is (647) 427-7450 or (888) 231-8191. A live webcast of the call is available on Spin Master`s website at: www.spinmaster.com/events.php. After the call, an audio recording and a copy of the call are archived on the same web page. About Spin Master Master (TSX: TOY; www.spinmaster.com) is a global leader in children`s sales that creates, designs, manufactures, licenses and markets a diversified portfolio of innovative toys, games, products and entertainment features. Spin-Master… Sales premiums are marketing and sales credits requested by customers for factors such as cooperative advertising, contract discounts, negotiated discounts, customer audits, quantity discounts, defective products and customer costs for the sale of the company`s products, and recorded as a reduction in gross product revenue.
Management uses distribution premiums to identify and compare business costs with individual retailers, different geographic markets and between different distribution channels. On October 27, 2020, the company announced that it had entered into an agreement to acquire Inlondon Rubik`s Brand Ltd, which owns the rights to Rubik`s Cube, at a cost of $50.0 million. The transaction is expected to close on January 4, 2021.