Jakks Pacific posts Q4 loss, cites tablet-driven playtime as factor

The financial struggle continues for Malibu, California-based toyco Jakks Pacific. The company reported that net sales for the fourth quarter of 2012 came in at US$133.5 million, compared to US$141.1 million during the same period in 2011. The reported net loss for the fourth quarter was US$119.5 million.
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February 21, 2013
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About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com
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