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Hasbro records $56M impairment after multiple game cancellations
Hasbro reported a $56 million non‑cash impairment in Q2 tied to the cancellation of several games that were expected to release in 2028 and beyond. The charge reflects a write-down in asset value, not an immediate cash loss. Hasbro previously invested heavily in videogames—citing over $1 billion in development after Baldur's Gate 3's success—but did not name which projects were written down. Several high‑profile projects have been reported as canceled or troubled, and no Baldur's Gate 3 follow-up has been announced.
- $56M non‑cash impairment linked to cancelled future games
- Impairment is an accounting write‑down, not direct cash loss
- Multiple high‑profile projects reportedly canceled or in trouble
- No announced follow‑up to Baldur's Gate 3; Hasbro had cited $1B in games