‘Star Wars’ Is Helping Hasbro Survive the Pandemic

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hasbro grogu animatronic

Credit: Hasbro

Before The Mandalorian Season 1 premiered on November 12, 2019, showrunner Jon Favreau and executive producer Dave Filoni decided to take a major gamble. They didn’t announce the existence of “Baby Yoda” until the series debuted.

Credit: Lucasfilm/Disney

Related: Bryce Dallas Howard Says Baby Yoda Was”Most Difficult Secret”

The cutest Star Wars character in the galaxy — who we now know is a 50-year-old infant Order 66 survivor named Grogu — immediately took America by storm.

Although fans had to wait on Baby Yoda merchandise to start hitting store shelves, once it did, many items quickly sold out. Hasbro, who holds the master toy license for both Marvel and Star Wars, has thoroughly enjoyed the spoils of Grogu’s immense popularity.

CNBC noted that the Star Wars franchise has helped Hasbro stay afloat during the challenges of the COVID-19 pandemic, even without traditional theatrical releases:

While the Rhode Island-based company saw sales of its licensed content from entertainment studios fall 12% to $1.08 billion for the full year, its sales of Star Wars grew by 70% over that period.

Last year marked the first time since 2014 that Disney did not release a Star Wars film in theaters, but sales of Grogu — the child formerly known as Baby Yoda — and of toy lightsabers helped fuel growth for the toy franchise.

mando and grogu tython
Credit: Lucasfilm/Disney

Related: Hasbro Crowdfunders React: Company Took $10 Mil. to Create Razor Crest Toy

In addition to a wide variety of Grogu action figures, animatronic toys, and other items, Hasbro’s lightsabers — including its Darksaber model — have been immensely popular.

Furthermore, the toy manufacturer has long been known for its Star Wars The Black Series action figures.

This action figure collection includes popular Skywalker Saga characters like Darth Vader, Han Solo, Luke Skywalker, Princess Leia, Boba Fett, Chewbacca, and even the Empire Strikes Back (1980) Wampa.

It also features posable scale figures from The Mandalorian and animated series like Star Wars: The Clone Wars and Star Wars Rebels. Grand Admiral Thrawn, Cad Bane, The Armorer, Ahsoka Tano, and bounty hunter Din Djarin are all available, for example.

star wars the black series hasbro
Credit: Hasbro Pulse

Related: ‘The Mandalorian’ Season 3 Might Need to Air Without Grogu

Popular Star Wars Jedi Fallen Order video game character, Cal Kestis, also has a Black Series line figure — it would look great displayed next to the new legacy lightsaber option that will soon be available from Star Wars: Galaxy’s Edge!

CNBC also shared Hasbro CEO Brian Goldner’s thoughts about Disney’s streaming series moving forward:

“What’s been great for our business is that streaming content is now being enjoyed by so many people, it has really hit a tipping point,” CEO Brian Goldner said Monday on CNBC’s “Squawk on the Street.” “And that tipping point means that you have tens of millions of people watching a piece of content over a given early period of time that allows us to ‘eventize.’”

With at least 11 new Star Wars series set to hit Disney+ over the course of the next few years, it doesn’t seem like Hasbro will be running out of merchandising opportunities within the Star Wars galaxy anytime soon.

What are your thoughts about the Star Wars universe keeping Hasbro alive during the pandemic? Are you a Star Wars toy collector?

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