Mattel mired in longest slump since 2015, eyes Hasbro licenses

VISITORS POSE FOR PHOTOS with the Bumblebee character at the Universal Studios Hollywood theme park in California. / BLOOMBERG NEWS PHOTO/PATRICK T. FALLON
MATTEL IS EXPERIENCING financial challenges, which are driving the company's stock down as well as making it look to scoop us licensing agreements from competitor Hasbro, which has had box office success with its latest Transformers movie, "Bumblebee." / BLOOMBERG NEWS PHOTO/PATRICK T. FALLON
NEW YORK – Mattel Inc. extended its longest streak of daily declines since 2015 after Goldman Sachs analysts cut estimates following the toymaker’s loss of licensing for certain DC Comics products, including boys’ action toys. Spin Master Corp. will be the new licensee for DC in the boy’s action category, remote control and robotic vehicles,…

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