RC2: New Thomas deals in place

RC2 and HIT have agreed new licensing terms for the Thomas and Friends franchise.
Publish date:
Social count:

RC2 has signed an agreement with HIT Entertainment which modifies existing license agreements and provides a release to RC2 in connection with past indemnification claims related to the recall of certain products and other legal matters.

The agreement provides an extension to the license term on the Thomas & Friends Wooden Railway product line, along with an immediate reduction in licensing payments on the product line and a shortening of the license term on the Take Along Thomas & Friends die-cast product line.

In addition, RC2 will pay HIT a one-off cash payment of $15 million in exchange for a release from indemnification claims. RC2 expects the one-time payment and reduced future profits from the shortening of the Take Along Thomas & Friends product line will over time be offset by the reduction in licensing payments and licensing term extension on the Thomas & Friends Wooden Railway product line.

In addition, the agreement clarifies that there are no contractual restrictions related to the development of toy products for Chuggington, a new preschool animated train series in which an RC2 affiliate holds an ownership position and has an option for a worldwide master toy license.



Take Along Thomas, RC2

Backed by a DVD release, RC2's Take Along Thomas, Morgan's Mine Play-set is one of the range's flagship products and is being backed with an integrated campaign including TV, PR and retail promotions...

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.