bidding for the acquisition, a transaction that would place the distribution rights to the Allspark library and newer content back to Hasbro. It was ultimately decided that on August 3, 2023, Lionsgate announced that it would acquire Entertainment One for $500 million. The deal closed on December 27, 2023 and Entertainment One got renamed to Lionsgate Canada on June 7, 2024.

In August 2023, Hasbro announced a new banner titled Hasbro Entertainment.