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April 24, 2009

Jakks Pacific Blames WWE for 17 Percent First Quarter Decline in Revenue

WWE's official toy manufacturer, Jakks Pacific, blamed WWE, Pokemon, and Hannah Montana for a 17 percent decline in revenue from the first quarter 2008 to the similar January - March period this year.

Jakks reported a first quarter loss of $10.8 million compared to a profit of $877,000 in the prior year quarter. The company blamed declining sales of WWE's toy line for contributing to the profit loss...More?

source: associated press


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