Hasbro and Mattel shares rise following Disney’s Frozen 2 announcement

Global toy firms Mattel and Hasbro are reporting a jump in shares following Disney’s announcement of an upcoming Frozen 2 feature.

Toy company investors have helped the toy manufacturers see a surge in shares on the expectation that the two would benefit from sales of new Frozen related merchandise.

Mattel shares rose 5.7 per cent at $26.01, while Hasbro witnessed a 1.4 per cent increase, to trade at $61.62.

Financial Times reports that the license to make Frozen and other Disney princess dolls will go to Hasbro from the start of 2016.