Hasbro and Sesame Workshop have announced a ten year global strategic alliance that will give Hasbro the rights to manufacture and market a range of toys and co-branded games based on the characters of Sesame Street.
The range of products, featuring Elmo, Big Bird, Abby Cadabby and Cookie Monster, among others, will be designed to simultaneously entertain and educate young children.
New Sesame Street products from Hasbro’s Playskool and games brands will be available in stores from 2011.
Brian Goldner, Hasbro’s president and CEO said: “We are very pleased to form a global strategic alliance with Sesame Workshop. Sesame Workshop has an amazing portfolio of characters that children have enjoyed in a variety of forms for decades, and Sesame Street is a brand that parents trust.
"Hasbro fully embraces Sesame Workshop’s philosophy and mission, and we see this new alliance as an ideal strategic fit."
Gary Knell, Sesame Workshop’s president and CEO added: “At the heart of Hasbro’s business is making fantastic games, toys, lifestyle and entertainment products that are enjoyed by people of all ages worldwide.
"We are thrilled to work with the leading provider of play to provide families with an extended and engaging Sesame Street experience.”