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Post by newgenandy on Jan 30, 2019 15:31:36 GMT -5
So while listening to the mwfpod a couple of days ago I had a thought
So we know jakks did a lot of classic superstars mattel have yet to do because jakks could do deals with superstars direct whereas mattel need superstars under a legends deal (if not currently active) for a figure
Why are the rules different for both companies? Was this a condition of mattel getting the license they agreed to this? Just wondering if it had been reported or asked before? Had a look but couldn't see anything
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Post by hellojoeivers on Jan 30, 2019 15:39:34 GMT -5
I wondered this too
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Post by tarver89 on Jan 30, 2019 15:39:51 GMT -5
I could say something wrong, but i think as a bigger company known all over the world, Mattel has more restrictive rules regarding the making of toys and stuff like that and that includes the selection of the characters to create.
Adding to that, maybe WWE wants to have more "control" over the stuff produced under their name nowadays more than in the Jakks' days.
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Post by ~*Young $ Money*~ on Jan 30, 2019 15:43:49 GMT -5
I think it just happened to be the way the deal was. Wwe wanted Mattel to only use guys under the deal and they would try and sign them
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Post by 666erickana on Jan 30, 2019 15:49:22 GMT -5
Night and day, with jakks every months , guy from jakks was posting here with trivias to let us know who was signed for a fig, the sky was the limit. Distribution was great too. You had a line gor current superstars, and a classic lines for single fig and tag team.
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Post by BadGirlRyleigh on Jan 30, 2019 16:24:52 GMT -5
Mattel signed people when they had their own Classic Superstars line but we know how that went and then they stopped because they didn’t need to sign a bunch of old guys when they were barely putting out any classic figures
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Post by Classic Collector: The Return on Jan 30, 2019 16:26:51 GMT -5
At the beginning of the line Mattel did sign individuals on their own (Legends line). But the Legends line bombed for a variety of reasons & they decided against signing anyone on their own for financial reason. I think Bill said as much along time ago.
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Post by Patrick Bateman (original) on Jan 30, 2019 16:42:28 GMT -5
At the beginning of the line Mattel did sign individuals on their own (Legends line). But the Legends line bombed for a variety of reasons & they decided against signing anyone on their own for financial reason. I think Bill said as much along time ago. That's always the impression I have been under. They have the ability to, but no interest in making their own deals with wrestlers. |
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Post by legendsguy on Jan 30, 2019 16:45:38 GMT -5
either way if they want there legends collectors to keep buying they will need to go out and sign guys. The slowdown already has hit..and soon death. Espec how the lines aren't even making to stores. This is one thing Jakks did do right , even if they had it in there contract.
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Post by Artie Kendall on Jan 30, 2019 16:56:25 GMT -5
As it has been stated by others, Mattel did sign Legends to direct deals. After the Legends lined was cancelled for numerous reasons, Mattel decided to not do direct deals. In this first video you can head Bill Kerner talking about signing Bret Hart. In the second video Bill Miekena mentions Crush was signed to a direct deal but was not released in time for the Legends series so they put him in a Elite series since he was still under that deal. The third video the question is asked if the Legends line will come back.
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therick
Mid-Carder
Joined on: Jan 23, 2018 14:36:55 GMT -5
Posts: 162 
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Post by therick on Jan 30, 2019 19:18:07 GMT -5
I’m assuming Mattel is under a contract to produce WWE figs exclusively, and that they couldn’t do a deal with other feds? Even overseas ones?
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Post by disorder on Jan 30, 2019 19:43:20 GMT -5
It was probably too expensive acquiring their owns rights to do figures and have those figures not sell good
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Post by LA Times on Jan 30, 2019 19:55:03 GMT -5
When Jakks had the license, they could sign anybody they wanted directly. That was why they were able to crank out all those Ultimate Warrior figures when him and the WWE hated each other. Nowadays, they have to go through the WWE to sign wrestlers to deals.
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Post by stc13 on Jan 30, 2019 19:57:57 GMT -5
It gets a little complicated on the business side. But by using wrestlers signed to WWE licensing deals, any funds paid to the wrestlers are paid out of the pool of funds Mattel pays to WWE. If Mattel signed wrestlers directly to deals, they would still be paying the same amount to WWE, plus would need to negotiate individual contracts with the wrestlers.
It's more cost effective for Mattel do go through WWE licensed wrestlers than to do direct deals. And pretty much any major name who would be a big seller is under a WWE deal, and probably not something they consider worth their time for lower profile guys when they just make another Warrior or Savage that sell better anyway.
When the Legends line failed, it probably stuck Mattel on the hook for dead money on the contracts, and the decision was made by a higher up not to do direct deals. Considering Mattel's current financial picture, don't expect that to change any time soon.
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Post by Nivro™ on Jan 30, 2019 20:20:20 GMT -5
As one of, if not the only, person to physically hold & read a JAKKS figure contract I can say that the cost of signing a wrestler for a figure (at least back in the JAKKS days) wasnt really that bad. If I remember correctly there was a small up front fee & then a percentage from what was sold. Really the overall numbers would be a drop in the bucket for a multi-billion dollar company like Mattel.
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Post by Classic Collector: The Return on Jan 30, 2019 21:28:49 GMT -5
As one of, if not the only, person to physically hold & read a JAKKS figure contract I can say that the cost of signing a wrestler for a figure (at least back in the JAKKS days) wasnt really that bad. If I remember correctly there was a small up front fee & then a percentage from what was sold. Really the overall numbers would be a drop in the bucket for a multi-billion dollar company like Mattel. I remember a few of the contracts being showed here along time ago, I think the $ figure was around $5k but dependeds really on the talent. |
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Post by Glorydaysofwrestling on Jan 30, 2019 21:31:15 GMT -5
As one of, if not the only, person to physically hold & read a JAKKS figure contract I can say that the cost of signing a wrestler for a figure (at least back in the JAKKS days) wasnt really that bad. If I remember correctly there was a small up front fee & then a percentage from what was sold. Really the overall numbers would be a drop in the bucket for a multi-billion dollar company like Mattel. I remember a few of the contracts being showed here along time ago, I think the $ figure was around $5k but dependeds really on the talent. Basically, they’re being cheap. |
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