Hasbro Is Betting On Fewer, Bigger Video Games After $56 Million Write-Down

Hasbro's ambitious plan to expand into video games appears to have hit an expensive snag, as the company has recorded a $56 million impairment charge related to its video games portfolio for 2028 and beyond, according to its second-quarter earnings results. For the uninitiated, an impairment charge is a sudden loss of value for an asset, making it worth far less than what a company originally paid for it. "Over the last several quarters, we have reviewed our portfolio and updated our plans fo...