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Business Wars

Encore: Hasbro vs Mattel | Screen Dreams | 6

Business Wars

Wondery

History, Business, David Brown, Management

4.613.2K Ratings

🗓️ 6 January 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

With the world plugging into the Internet, toys are under pressure. Kids are swapping plastic play for screen-based entertainment and both Mattel and Hasbro need to adapt. The question is: how?

Mattel’s also finding out the hard way that Barbie’s reign as the queen of dolls is no longer secure. Challengers to her throne are emerging and the first strike against the dream doll comes not from Hasbro, but from within its own offices.

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This episode orginially aired on April 8, 2019.

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Transcript

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0:00.0

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0:04.8

Download the app today.

0:14.8

Christmas 1996 is just five days away and in Oklahoma City, a desperate mom's on the hunt

0:21.7

in Toys or Us.

0:23.7

She hurries down the pink Barbie aisle.

0:26.3

The doll her daughter wants more than anything isn't there.

0:31.1

She stops the store assistant.

0:33.0

Excuse me, do you have any holiday Barbies?

0:35.8

You know the one with the burgundy coat and white fur hat?

0:39.2

Sorry ma'am, they sold out last week.

0:41.6

We won't be getting anymore.

0:44.2

Any idea where I can get one?

0:46.4

Sorry, those ones disappeared the minute they go on the shelves.

0:50.6

He's right.

0:52.5

These limited edition Christmas Barbies are hot.

0:56.5

Mattel made two million this year and they sold out in just a few weeks.

1:01.2

And those sales figures have emboldened Mattel's CEO Jill Barod.

1:05.9

The following spring, she meets with a holiday Barbie team in Mattel's LA headquarters.

1:13.6

The big retailers say they can sell even more holiday Barbies, so I want us to make three

1:19.6

million this year.

1:21.8

The Barbie team thinks that's a bad idea.

1:24.7

The challenging barod isn't wise either.

...

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