Hasbro will expand its video game business to reduce tariff risks
Hasbro (HAS.US) CEO Chris Cocks stated that the company will focus more on video games and the collectible card game "Magic: The Gathering" to reduce the tariff risks the company faces due to traditional toys.
Cocks added that the company is developing about 10 video games, and it is expected that in the future, up to 80% of Hasbro's business and 95% of its investments will be concentrated in the collectibles/gaming sector
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