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In late 2007, Spin Master launched the most successful product in its history, Bakugan. This growth allowed expansion of the company's licensing capabilities and relationships with major entertainment companies. During this time of growth, Spin Master made its first significant acquisition, acquiring X-Concepts, Inc, maker of Tech Deck. The company also opened its Los Angeles marketing and design hub, allowing the company to access deep local toy design, marketing and engineering talent. It has come to represent affordable, technologically-advanced and innovative vehicles and aircrafts with hobby-grade remote control performance, designed and priced for the mass market.įrom 2002 - 2007, Spin Master expanded its international footprint, establishing sales and distribution offices across western Europe. The brand came to the company from two British inventors based on an innovative design involving a miniature engine powered by compressed air. In 1998, Spin Master launched its Air Hogs brand, the first products designed to be easily flown by children and required limited assembly. The business has progressed through key stages, from start up growth, building the base, Bakugan growth, refocusing to diversified growth operating now across all toy industry super categories. Spin Master has achieved significant growth over the past two decades, transforming itself from a small, single product toy company into a leading global, diversified, multi-platform and highly innovative children's entertainment company. This initial success served as the springboard for Spin Master's entry into the toy business. With Anton selling the item on the street and to specialty retailers, the operation quickly expanded to a small facility in downtown Toronto. The nascent entrepreneurs' first product was the Earth Buddy, a nylon stocking-covered head of sawdust topped with grass seeds which grew to emulate hair, funded with their own $10,000 investment. Ben Varadi, a classmate of Anton's from The University of Western Ontario's Richard Ivey School of business, joined the Company subsequently in 1994. Spin Master was founded in 1994 by two childhood friends, Ronnen Harary and Anton Rabie, soon after graduation from The University of Western Ontario. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Spin Master plans to host a conference call to discuss its audited financial results on March 1.
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The Canadian toy maker and children’s entertainment powerhouse is behind the popular animated television series Paw Patrol and digital game Toca Life World. He says the toymaker’s team deftly navigated a complex supply chain environment in the fourth quarter to deliver products throughout the holiday season in a timely fashion. Spin Master global president and CEO Max Rangel says the results showcase the strength in the company’s three creative centres comprising toys, entertainment and digital games. dollars, says its fourth-quarter gross product sales were US$627.5-million, up from US$511.8-million. 31 was US$620.5-million, up from US$490.6-million in the fourth quarter of 2020. The Toronto-based company says its preliminary unaudited revenue for the three months ended Dec. TOY-T says its revenue grew 26.5 per cent compared with a year ago driven by growth in toy, entertainment and licensing and digital games revenues.