JAKKS Pacific and Headstart Sign Exclusive Distribution Agreement
May 16, 2016 06:00 AM Eastern Daylight Time
SANTA MONICA, Calif.--(BUSINESS WIRE)--JAKKS Pacific, Inc. (NASDAQ: JAKK), a leading designer, manufacturer, marketer and distributor of children's toys and consumer products, today announced that it has been selected by Headstart International, a leading privately held Australian toy company, as its exclusive U.S. distributor of Ooshies™, a line of collectible characters featuring popular licenses such as Teenage Mutant Ninja Turtles®, and from Warner Bros. Consumer Products. The multi-year agreement allows JAKKS to promote, market and sell Ooshies in various channels nationwide.
"The agreement is a great realization for us to secure placement of Ooshies in the U.S. JAKKS has strong relationships with both licensors and retailers and is well-positioned to help us launch our Ooshies brand," said David Hendy, Chairman of Headstart International.
"For the past 25 years, David and I have enjoyed a terrific personal friendship and we are now thrilled to further strengthen our business partnership with this new distribution agreement with Headstart," said Stephen Berman, Chairman and CEO, JAKKS Pacific.
"Headstart is a leading privately held Australian toy company, distributing major brands such as Little Tikes, Baby Born, Disney Princess, Frozen, Teenage Mutant Ninja Turtles and Star Wars. Headstart also manufactures a great range of products under license by Disney, Marvel, Star Wars, Nickelodeon, Warner Bros. and Fox consumer products. Headstart has been built on its commitment to innovation, marketing and strong relationships with suppliers and retailers," said Hendy.
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific's popular proprietary brands include BIG-FIGS™, XPV®, Real Construction®, Max Tow™ and Friends, Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®, as well a wide range of entertainment-inspired products featuring premier licensed properties. DreamPlay Toys, LLC is a joint venture between JAKKS and NantWorks LLC to develop, market and sell toys and related consumer products incorporating NantWorks' proprietary iD™ recognition technology. Through JAKKS Cares, the company's commitment to philanthropy, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkstoys), Twitter (@jakkstoys) and Facebook (JAKKS Pacific).
©2016 JAKKS Pacific, Inc. All rights reserved.
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