The Toy Industry Association Inc. presented its annual Toy of the Year Awards Feb. 16, at the beginning of the New York Toy Fair. Top honors went to Spin Master Ltd.’s Air Hogs Havoc Heli Laser Battle, but several licensed products were also represented among the winners.

Disney Consumer Products’ Hannah Montana brand, showcased across a wide range of licensees at the 2008 Toy Fair, won the award for Property of the Year. Hasbro’s Transformers movie Deluxe figures won Boy Toy of the Year. Techno Source’s Rubik’s Revolution, produced under license from Rubik rights holders Seven Towns Ltd., won Game of the Year.