Toy giant Hasbro on Wednesday swung to a first-quarter loss due to costs from its acquisition of Entertainment One, where film and TV revenues collapsed as content production shut down amid the coronavirus pandemic.eOne's music assets, which include Dualtone and the defunct Death Row Records, enjoyed enough gains in recorded music and publishing to offset declines in live events and management, Hasbro said.Hasbro posted a first-quarter loss of $69.6 million, or 51 cents per-share, compared to a year-earlier profit of $26.7 million or 21 cents per-share.
The first-quarter loss included $127.5 million in after tax acquisition-related expenses and $19.9 million in after tax purchased intangible amortization associated with the eOne.