]>Hasbro Consumer Products reinvigorates an '80s classic. With retro and nostalgia on a trend high, remaking what's old is in the new. Such is the case for Pawtucket, RI-based Hasbro Consumer Products, maker of the evergreen Mr. Potato Head and Monopoly, among others. In mid-November, Hasbro pitched the reinvention of its '80s classic, My Little Pony, to potential and existing licensees, as well as retailers. A large licensing initiative is already underway with a global toy launch, a publishing program, and a series of films. Yes, My Little Pony in theaters.Indeed, My Little Pony, originally launched in 1983, was quite the young girls' sensation-after a 10-year run, My Little Pony generated worldwide retail sales in excess of $1 billion, and was ranked the No. 1 mini doll brand for seven years. This past success, coupled with "the need in the market for young product," according to Cheryl McCarthy, producer, Hasbro Fantasy Factory, who's reliving My Little Pony a second time round, prompted the worldwide launch for fall 2003 as a "company initiative." Targeted at girls ages 3 to 7, the property's vision, McCarthy says, is to be "a positive influence for little girls all over the world for the rest of time." "While this may seem like an ambitiously big goal, this is about a property that can have an impact on little girls," notes McCarthy, adding that My Little Pony requires little girls to be little girls. The marketing campaign speaks to just that, reflecting a "magical and innocent world for young girls, with no makeup, no belly buttons, just My Little Pony." In addition, says Ira Hernowitz, senior vice president, marketing, My Little Pony is a "core brand priority" for Hasbro. "Hasbro is turning its attention home," explains Hernowitz. "As a toymaker, Hasbro has been licensing in. It's time to spend money on itself." Beginning August 2003, Hasbro will effectively begin more than $2 million in marketing spend. Toys & BooksThe toy portion of the global My Little Pony program is underway, with 12 new ponies and two new playsets slated for 2003. To keep product fresh, each year the playsets will have new themes; first year's theme is "Year of the Celebration." First out of the corral are eight ponies-Sparkleworks, Minty, Sweetberry, Wysteria, Rainbow Dash, Pinkie Pie, Kimono, and Sunny Daze-that are unique and authentic. How do you prove their authenticity? A magic hoof can reveal a pony's name. Slated for launch in August 2003, one such playset is Celebration Castle, which features twinkling lights, a hot air balloon (how ponies get around), among other ponyland accessories. By holiday, My Little Pony will welcome a new friend, baby pony Pink Sun Sparkle. While some product exclusives will exist within retail, no plans for an exclusive retail partner are in the works.
