Hasbro’s entertainment team moves to West Hollywood

Another entertainment company is moving to West Hollywood.

Hasbro It plans to move 100 employees across its film, TV, games, licensing, toys and AI studios to The Lot at Formosa in the first quarter of next year. The company signed a long-term lease for 31,435 square feet on the third and fourth floors of the Formosa West office building.

The company will cancel its lease on Empire Ave. in Burbank, where it occupied 80,000 square feet of office space that housed its consumer products and entertainment divisions, according to regulatory filings.

Hasbro hosts Miramax, Live Nation and People Inc. at The Lot, an 11-acre campus owned by CIM Group and featuring seven sound stages. and will join Kevin Hart’s banner, Hartbeat.

“This move marks a new chapter for Hasbro, bringing our team into the heart of West Hollywood and closer to the partners we work with every day,” said Kim Boyd, president of global licensing and entertainment at Hasbro.

Hasbro’s Hollywood projects include: monopoly A new version is being developed by Margot Robbie’s banner LuckyChap at Lionsgate. GI. article A Netflix competition series based on a Paramount adaptation and a board game. proviso.

The last two big screen features were from Paramount. Dungeons & Dragons: Honor Among Thieves (It grossed $205 million worldwide) Transformers: Rise of the Beast (USD 441 million) is expected to be achieved in 2023.