Entertainment Strike Impacts Hasbro Revenue Forecast

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The ongoing strikes in the entertainment industry are now affecting the toy industry Hasbro has lowered its full year revenue forecast due to its entertainment segment which is expected to take a hit from the actors and writers strike. They say it's margins and the margins in its entertainment division will likely decline due to the strikes. It will also take an impairment charge of $25 million production asset impairment charge from its recent Dungeon and Dragons movie.