Mattel
Coverage of Mattel in the Nexus archive.
- The Minions and their ‘big boss’ Chris Meledandri keep a blockbuster machine humming
Chris Meledandri, founder of Illumination, has built a successful animation studio known for family-friendly blockbusters like the Minions and Super Mario movies. Illumination's films have generated over $11 billion globally, with its upcoming 'Minions & Monsters' expected to perform strongly.
- Kevin O’Leary slams work-life balance, saying it’s complete nonsense and founders should work ’25 hours a day, 8 days a week’
Kevin O’Leary criticized the concept of work-life balance for founders, arguing they should work '25 hours a day, 8 days a week' to compete globally. He emphasized that sacrifice in the first 36 months of a startup is essential for success, citing his own experiences building SoftKey and selling it to Mattel for $4.2 billion, which he acknowledged came at the cost of personal relationships and family time.
- After 'Barbie' success, Mattel looks to He-Man for another box-office lift
Mattel achieved box-office success with the 2023 'Barbie' movie and is set to release 'Masters of the Universe' this weekend, aiming for another successful film.
- Mattel investor campaigns to take the company private
Southeastern Asset Management, which owns 4% of Mattel's stock, is campaigning for the company to be taken private through a sale to a competitor or private equity firm. The investor made its case in an open letter on Thursday. This move could significantly impact Mattel's future.
- Mattel goes through another round of layoffs
Mattel plans to lay off 65 workers in May as part of ongoing layoffs in the past year. The company, known for Barbie and Hot Wheels, continues to face workforce reductions.