National / International News
Following on a pledge to use his office's discretionary powers to address immigration, President Obama will remove the threat of deportation for up to 5 million people, says The New York Times.
A group of chefs gathered this month in Sao Paolo to talk about how they can help preserve biodiversity. Among their warnings: If we lose food products, we will lose flavors and traditions.
Almost 1 million people a year end up with painful eye infections, and improper contact lens care is a big reason why, according to a new study from the CDC.
The toll from the botched procedures is now 13 with scores more sick. Dr R.K. Gupta, who has performed 50,000 sterilizations over his career, told Reuters that he was being made a scapegoat.
Deadline Hollywood reported this week that Hasbro—the second-largest toy maker in the United States—is in talks to acquire DreamWorks Animation.
DreamWorks Animation has been looking to get acquired—a deal with Japanese SoftBank fell apart just last month. And Hasbro has been looking to get more involved in the movie business.
For DreamWorks Animation, part of it is a need to diversify beyond a marketplace for movie ticket sales that is increasingly challenging, especially for computer animated films.
"Like any technology, it's become easier, cheaper and faster," says Phil Contrino, chief analyst at BoxOffice.com. "So what that means is there's more competitors than in 1995, when Toy Story came out."
Now, DreamWorks Animation competes not only with Toy Story's Pixar, but with Sony and Universal, with its "Despicable Me" franchise.
As DreamWorks Animation has sought more revenue elsewhere, it has, in part, turned to merchandise. This is a business where Hasbro has excelled, with profits bouyed by toys based on the Star Wars movies and those of Marvel comic books, like Spiderman and Iron Man.
But it also works the other way around. Hasbro has profited off games and toys that have turned into movies: GI Joe, Ouija and—most of all—Transformers.
"The Transformer movies have been very lucrative not just because of the toy side but also because the toy side provided the [intellectual property] to make movies which did very well at the box office," says Martin Brochstein, senior vice president of industry relations and information at the International Licensing Industry Merchandisers' Association.
This trend can be seen throughout the toy industry. "Mattel, Hasbro, Lego have kind of turned on to the fact that they have this asset that can be mined," says Brochstein.
In other words: Toys are the new comic books.