That's what I'm talking about. Hasbro was trying to break into videogames for the fourth or fifth time, so they bought Atari. It was an odd move considering Atari was seemingly next to worthless at the time, but Hasbro saw potential in it.
As is often the case with Hasbro's crazy ideas it was actually kinda working for a while. They sold it off because they were struggling elsewhere and needed cash badly.
HISTORY TIME!
Hasbro (under Stephen Hassenfeld’s final days) was looking to get into gaming with a VCR based game console in the late 80s. When Alan took over after Stephen’s death, the game console lost its biggest supporter and was scuttled. Tom Zito would take the tech and material produced for the console to make Digital Pictures. In fact, I believe Hasbro still owns rights to Night Trap and Sewer Shark (which were produced under contract for Hasbro’s unmade console).
Fast forward 5 years, and the “multimedia revolution” was in effect and Hasbro made another effort in the gaming space, leading to successful growth until 1998 when they acquired Microprose and the remnants of Atari (by that point, pretty much an “IP husk”). All was well until the dot com crash, well, crashed their stock along with under performance of numerous product lines (Star Wars Episode 1, Beast Machines, the impending loss of the Batman license, etc), along with new management.
Then, in the mid-2010s, mobile gaming was the hot thing and Hasbro bought themselves a mobile studio (Backflip). But then mobile gaming cooled off and consoles started to see a resurgence so…Hasbro dumped that.
And in the past few years, Hasbro has committed to new internal game development because, well, AAA games are expensive and time consuming to make. The reason we’ve gotten so many…mediocre…titles for Transformers and GI Joe is because they were done quick and cheap. Because no major publisher or studio are compelled to invest 4-5+ years and hundreds of millions into a AAA game without at least some level of guarantee Of success. Major IPs like Star Wars and Marvel DO bring that (at least to some degree), Transformers is MAAAAYBE. GI Joe? Not a chance.
That said, barring a really impressive offering? It would not surprise me if Hasbro largely backs out of video games if Transformers ReActivate and the AAA GI Joe title don’t garner some significant commercial traction.
Assuming either of those ever actually see the light of day…