Why did Hasbro and Mattel pass on the Sky Shark toy, and how did you resolve their concerns?
Replied byRonnen Harary
Co-founder & Board Chair at Spin Master
Niche: Production
Revenue: Approx. $166 Million/month
Location: Toronto, Ontario, Canada
Started: 1994
They passed because flying toys are risky, break easily, and have fast spinning propellers that present safety hazards. Because we were naive, we did not pass on it. Instead, we solved those issues by inventing plastic propeller tips, foam nose cones, and pop-off wings.
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