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Wednesday, April 7, 2010 as of 11:14 AM ET

Hasbro

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Hasbro

Hasbro () is an American multinational toy and board game company. It is one of the largest toy makers in the world.

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Hasbro Delays Release Of 'GI Joe' Sequel By Nine Months

Hasbro Inc.

(HAS) has pushed back the theatrical release for "G.I. Joe: Retaliation" by nine months, a move that comes days after a disappointing opening weekend performance for "Battleship" in the U.S. and Canada.The toy maker said it now plans to release the G.I. Joe sequel on March 29, 2013, to allow time for the film to be processed for the 3D format. That move should bolster the film's gross sales as 3D screenings command a premium over regular ticket admission."It is increasingly evident that 3D resonates with moviegoers globally and together with Paramount, we made the decision to bring fans an even more immersive entertainment experience," said Hasbro President and Chief Executive Brian Goldner in a statement.The franchise's original film, "G.I. Joe: The Rise of Cobra," was released in 2009 and grossed roughly $302 million worldwide, according to Box Office Mojo.Shares of Hasbro, which affirmed it still expects revenue and profit to rise this year absent the impact of foreign c...

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