Companies

MGA Entertainment and Crayola Team Up for L.O.L. Surprise! Dolls in Global Licensing Deal

Published February 14, 2024

In a landmark partnership between two iconic companies, MGA Entertainment MGA and Crayola have unveiled their latest venture that is set to take the retail world by storm. Established late in 2023, the collaboration will revolve around a multi-year licensing agreement permitting MGA Entertainment to globally produce and distribute a new line of dolls and licensed merchandise. These products will combine the creative spirit of Crayola with the playful essence of MGA's L.O.L. Surprise! brand.

Global Reach of the Joint Venture

The alliance between these industry titans is not just a fusion of their respective expertise, but also a strategic move to tap into the vast global market. With the official announcement made from Los Angeles, California, and Easton, Pennsylvania, the reach of this collaboration is set to transcend borders and resonate with consumers worldwide, bringing together the art of coloring with the fun of collectible dolls.

Anticipated Impact on Retail

The anticipation surrounding this collaboration is palpable across the retail industry. The synergy of Crayola's reputation for fostering creativity and MGA Entertainment's MGA knack for delivering hot-selling toys positions this venture as a potential retail blockbuster. With the products slated to hit shelves across various markets, retailers are gearing up for an influx of consumers eager to get their hands on these unique offerings.

Investment, Collaboration, Retail