Mattel seems to have done a good job putting the program together, but I agree with industry analyst Sean McGowan that the line could be either a huge hit or a huge failure.
Interestingly, the article makes several references to the fact that Monster High is "the first in-house toy brand the company has launched since Hot Wheels in 1968." I don't know where LA Business Journal got their information, but I can remember several brands from my time at Mattel in the late 1980s and early 1990s that were developed in-house, though none of them exist today. Just to check, I contacted toy consultant Lynn Rosenblum, who is quoted in the article and worked at Mattel when I did. She verified that many brands from Cherry Merry Muffin (a small doll line) to Masters of the Universe (a hugely successful boys' action line) were Mattel in-house initiatives. Looks like somebody is rewriting toy industry history.
Regardless of whether it was created in-house at Mattel or came from elsewhere, Monster High's success will depend on how it resonates with kids. By the end of the year, we'll all know if it's a hit or a miss.
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