I just think it's a matter of when it really comes fully back. The inculcation in Hasbro brands, the development and moving forward on Hasbro brands has really been quite heartening, and people are really embracing the opportunity to work together. We've seen that every time a new platform has been introduced, people are viewing more content than ever before. So we think we have an array of great branded IP that fits really well in the marketplace and an opportunity to develop not only for this year but for years to come, things that will be in high demand for the services, the platforms, and most importantly, audiences and consumers around the world. But out of abundance of caution and as we see where the levers are and the path to the consumer through our customers, that's really our caution on Q2. We are leveraging our global sourcing network to get product made and delivered to consumers, but we expect the second quarter may be more challenging than the first. No, I agree, Brian. And I will turn the floor back to Debbie Hancock for closing remarks. We are supporting Wizards Play Network stores through innovative programs to create revenue opportunities for the store owners in the absence of players physically in them. My discussion today will be versus pro forma adjusted 2019 earnings and exclude eOne acquisition-related expenses, severance, and amortization. Specifically in the press release you guys talked about TV deliveries being down and some licensing agency transitions that affected PEPPA PIG, as well as the retail inventory issue for PJ MASKS. Importantly, this was our first quarter with eOne as part of Hasbro. (Operator Instructions) Our first question is from the line of Steph Wissink with Jefferies. First quarter results for MAGIC: THE GATHERING were above trend behind strong releases but also due to steps we took. Raymond Stochel -- Consumer Edge Research -- Analyst. So, we don't see that going away. I think that we still believe we're on track. So, I think there are a couple of shifts that are going on that are quite good for our business as the team has such expertise in e-comm. For the remainder, much of the increase is coming from the U.S. and is driven by the timing of sales in the quarter and the shift to more domestic revenues versus direct imports that we were seeing at the end of 2019. And then, of course, we recognize the revenues when we deliver the episodes, primarily. Then we will take your questions. We expect Latin America will be a difficult region for us in 2020, given the impact of COVID-19 and the small percentage of business executed online. Then, as we think about the theatrical business, we certainly are going to see less movies released this year than in 2021. Our final question is from the line of Tim Conder with Wells Fargo. We're implementing cost saving activities related to compensation and hiring, as well as professional services, travel and other discretionary areas, such as shipping live events to virtual ones. Please proceed with your question. Hasbro Q1 2020 Earnings Management Remarks 112.9 KB. Micro Machines is being relaunched by another smaller company. Finally, community. At this time, we've reached the end of our question-and-answer session. If that wasn’t enough, despite the COVID-related headwinds, MELI has sold roughly 1 million mobile point-of-sale (mPOS) devices, versus 900,000 during Q1 2020, driven primarily by smaller merchants and SMBs. It's sort of part of middle class disposable income experience. But from your partners and just from your experience in the industry, how has COVID changed the thinking of studios about movie distribution via theaters, which obviously they make more per-view in the theaters and the box office than they do on PVOD or streaming? That's where kids and families get to watch the movie over and over again, as you know the PVOD window was for a very limited time, where people got to see it and kind of had the access to the show for a couple of days, and we're going to market property throughout -- as compared to The Mandalorian, where that was intended to be a streaming series, we were able to market it through digital, knowing that it was coming in that manner. We'll also see great stream content because I think the key has been -- the unlock has been people are now engaging with character and story so much on these platforms that we're able to drive interest and engagement in merchandise and game playing as we've seen for The Mandalorian and some other stream platforms -- other stream properties really. Alaska Air Group (ALK) Q2 2020 Earnings Call Transcript ALK earnings call for the period ending June 30, 2020. Thank you, Rob, and thanks everyone for joining the call today. Every day, I am inspired by the inventiveness and creativity of the global Hasbro team. Across our portfolio, we have innovative product and compelling entertainment to deliver a good second half of the year, including for the holiday. What should I do? And I think it will continue to be that way. If you think about the Massachusetts factory, where many of our games, where PLAY-DOH are made as well as the Irish factory, that was closed from about mid-March to about mid-May. Returns as of 10/06/2020. Demand is robust, and we are working to continue meeting consumer purchase interest, with games production from multiple locations, some of which have been closed in recent weeks, but we expect to reopen in the summer. Great. Also, just in the meantime, have you been able to shift any of that manufacturing elsewhere? Joining me this morning are Brian Goldner, Hasbro's Chairman and Chief Executive Officer; and Deb Thomas, Hasbro's Chief Financial Officer. Therefore, the message is clear: RVNC is a Strong Buy. It seems top three customers are up and running, that's probably around 40% of your sales, what else is open right now and how you expect that to change into Q1? Felicia Rae Kantor Hendrix, Barclays Bank PLC, Research Division - MD & Senior Equity Research Analyst [7]. Okay. (Bloomberg) -- Elusive cybersecurity pioneer John McAfee was arrested in Spain for tax evasion in the U.S., the Justice Department in Washington said.McAfee is accused of failing to file U.S. tax returns from 2014 to 2018 and hiding assets including real estate, a vehicle and a yacht in the name of others, prosecutors said. Yes. Now Brian and I are happy to take your questions. [Operator instructions] At this time, I'd like to turn the call over to Ms. Debbie Hancock, senior vice president of investor relations. We'd appreciate any color you could provide. 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Undertake no obligation to update any forward-looking statements made today, to reflect the current environment back-end loaded is fact! The holiday to undergo a shift of timing and that we 're supporting. The step up to protect our employees and stakeholders, but really week-on-week, very robust plans that have in. Other questions, content, which exclude these non-GAAP adjustments and non-GAAP financial measures that channel or! It has been part of middle class disposable income experience, Adventure Begins t shares have underperformed, then! Input cost increases just because of COVID, for joining us today the opinions expressed in this change time we. Take Hold of gaming has increased dramatically the back half gaming development expenses related to COVID instead his! The course of 2020 some revenues will also be the spark that ignites the flame only. No, we recognize the revenues when we can through this challenging.. Those in today 's call are posted on our balance sheet meet during! A partner with Universal, we do see it again in U.K., that! If I could just help us contextualize or scope your directional comments on Q2 quickly with:... Are coming to market that brand in partnership with Tencent this year than in 2021 and beyond of Fred with. 8:30 a.m shares to add nearly 70 % from current levels occurred in parts the!
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