Two years after a US$150 rolling robot captured the hearts of Star Wars devotees, Walt Disney Co is betting fans will shell out the same price for the droid’s dark, evil twin.
On the big screen, BB-9E is to face off against the beloved BB-8 in a new Star Wars installment in December from Disney’s movie studio. The toy, made by Sphero, is part of a collection of fancier gadgets Disney expects will help give its flagging consumer products business a boost.
Get ready for a US$200 goggles-and-light saber combo developed by Disney and Lenovo Group Ltd (聯想) that lets customers duel and play holographic chess; US$200 fighter drones from Propel; and a US$100 programmable robot kit from manufacturer littleBits Electronics Inc.
Photo: Bloomberg
“These are all products at a higher price point that we believe are going to help us continue to expand our audience,” said Jimmy Pitaro, the chairman of Disney’s consumer products arm.
Pitaro said his strategy is to offer merchandise for customers at all income levels, to reach as many people as possible.
Burbank, California-based Disney is pulling out all the stops for its new line of products tied to Star Wars: The Last Jedi, which hits theaters on Dec. 15. The rollout has included early reveals of new characters, a big focus on high-tech toys and product releases at 20,000 stores around the world on Friday, an event it calls “Force Friday.”
Pitaro’s division, the largest entertainment licensing operation in the world, could use a shot in the arm. Sales peaked with the release of Star Wars: The Force Awakens in late 2015, and they are down 15 percent in the first nine months of this fiscal year, as other kid-friendly films, such as Beauty and the Beast and Cars 3 failed to deliver the sales surge of predecessors Frozen and The Force Awakens.
Lower costs have allowed the unit to show increased profit for the past two quarters.
Disney, like other companies, has come to realize that modern consumers are looking for experiences as much as things.
This year’s marketing effort includes an augmented reality function on the Star Wars app that lets people see images of star fighters in the sky above 20 worldwide sites like the Eiffel Tower and the Hollywood sign. It also lets shoppers track virtual images in stores.
There is also an ongoing push for female characters, in particular The Last Jedi heroine Rey. Hasbro Inc this year released Forces of Destiny, an all-female line of US$22, 28cm poseable figures based on Star Wars characters that are also featured in short films viewable online.
“We’re basically partnering with Hasbro here to create a new category,” Pitaro said. “It’s not really a doll and it’s not really an action figure, it’s what we’re calling adventure figures.”
Whether all this allows Disney to top its previous Star Wars merchandise sales and reignite growth in its consumer products business remains to be seen.
The Force Awakens was the first Star Wars film in 10 years, so there was a lot of pent-up demand from long-time fans for new items. The Last Jedi is the third film in three years.
“It’s ludicrous to think this will do the same volume levels as Force Awakens, but it will still be quite a huge number,” said Marty Brochstein, who heads industry relations at the International Licensing Industry Merchandisers Association. “Most companies would love to have Disney’s level of success.”
Most would like to have customers like Harrison Tanji and his wife Danielle Jack, who were among the 30 people waiting in line at a Toys “R” Us store in Los Angeles at midnight on Friday morning, when the new products were first available for sale.
They spent US$240 picking up a Porg plush toy, Funko bobblehead and several Luke Skywalker action figures to add to a collection that already fills a room in their house.
Tanji said the crowd was not nearly what it was 18 years ago when he and friends waited outside a Toys “R” Us for a “Midnight Madness” event tied to the release of Star Wars: Episode I — The Phantom Menace.
There are more stores selling Star Wars products these days, he said, and it is harder to find an item that will rise in value like the earlier merchandise has.
Like Tanji and Jack, many passionate Star Wars toy buyers are collectors who look to eventually profit off at least some of their purchases, and given the hour, a lot of the people showing up for an early crack at the new merchandise on Friday were adults.
Mario Santiago, a 22-year-old background actor, arrived at a Target store in West Hollywood, California, at 9:30pm and was fourth place in a line of about 20 people awaiting the midnight debut.
He hoped to score some of Hasbro’s Black Series action figures and a Porg, a cuddly new creature he thinks will be a big hit.
“I’m going to be a geek for tonight,” he said.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth