Bank of America is partnering with Hasbro to launch a new financial educational program called "Bank of America Hasbro Magic." This program aims to teach children the importance of financial literacy and money management skills through the use of Hasbro's popular Magic: The Gathering trading card game. The collaboration between Bank of America and Hasbro was born out of their shared commitment to promoting financial wellness and providing accessible resources for children and families. By combining the engaging and interactive elements of the Magic: The Gathering game with financial education, the program hopes to make learning about money more enjoyable and relatable for children. Through the "Bank of America Hasbro Magic" program, children will have the opportunity to participate in workshops and events where they can learn about concepts such as budgeting, saving, and responsible spending. These workshops will use Magic: The Gathering cards and gameplay mechanics as teaching tools to introduce financial concepts in a fun and engaging way.
After nearly single-handedly destroying a whole ecosystem of fans and players alike, and a petition with more than 70k signatures, the company went back on the decision and addressed the community in a tearful letter:
Unfortunately, it seems as though reprint sets like this, along with the recent trend of printing more sets, has led to Magic landing in hot water with investors and collectors of the game who prefer their high-value cards to hold value in the longer term. A BofA analyst attributed this loss of confidence to WotC s overprinting of cards, leading to the long-term destruction of Magic s value in exchange for short-term profit.
These workshops will use Magic: The Gathering cards and gameplay mechanics as teaching tools to introduce financial concepts in a fun and engaging way. The program will also provide a digital platform where children can access educational resources and interactive games related to personal finance. This platform aims to make learning about money management more accessible and convenient for children and their parents.
Hasbro “Destroying” Magic by Printing Too Many Cards – Bank of America
Hasbro, parent company of Magic: The Gathering publisher Wizards of the Coast (WotC), has seen its stock plummet 9% today after the Bank of America (BofA) downgraded their stock's rating twice, from "buy" to "underperform."
Hasbro, parent company of Magic: The Gathering publisher Wizards of the Coast (WotC), has seen its stock plummet 9% today after the Bank of America (BofA) downgraded their stock’s rating twice, from “buy” to “underperform.” A BofA analyst attributed this loss of confidence to WotC’s overprinting of cards, leading to the long-term destruction of Magic‘s value in exchange for short-term profit. According to the analyst, “Hasbro is killing its golden goose.”
Bank of America noted that it had spoken with Magic players, as well as local game store owners, collectors, and distributors. The prevailing sentiment was that of frustration towards the rapid increase in set releases over the years along with the reprinting of high-value cards.
These feelings are certainly shared by many members of Magic‘s community online, including content creators like Tolarian Community College and @CubeApril on Twitter, creator of Magic card database site Scryfall.
Notably, Magic: The Gathering became Hasbro’s first billion-dollar brand this year, and while revenues declined in the 3rd quarter of 2022 compared to last year, both WotC and its parent company have had a successful year overall.
WotC performed its best ever in the 2nd quarter of the year thanks to a pickup in tabletop gaming and 11% overall growth across paper and digital gaming. Hasbro projected that Q4 earnings would pick up thanks to products like Magic 30th Anniversary Edition.
Unfortunately, it seems as though reprint sets like this, along with the recent trend of printing more sets, has led to Magic landing in hot water with investors and collectors of the game who prefer their high-value cards to hold value in the longer term.
Jason Haas, the BofA analyst who wrote a report on Hasbro and Wizards of the Coast that released alongside the downgrade announcement, noted, “This set has devalued many high-value cards, and collectors are concerned that Wizards will reprint more.”
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WotC performed its best ever in the 2nd quarter of the year thanks to a pickup in tabletop gaming and 11% overall growth across paper and digital gaming. Hasbro projected that Q4 earnings would pick up thanks to products like Magic 30th Anniversary Edition.
Bank of America and Hasbro believe that early financial education is crucial in empowering children to develop healthy financial habits and make informed financial decisions in the future. By leveraging the popularity and appeal of the Magic: The Gathering game, they hope to reach a broader audience of children and inspire them to take an interest in understanding and managing their finances. The "Bank of America Hasbro Magic" program is a unique and innovative approach to teaching financial literacy. By blending the worlds of finance and gaming, it aims to captivate children's interest and introduce them to essential money management skills that will benefit them throughout their lives. Overall, this collaboration between Bank of America and Hasbro is an exciting initiative that has the potential to make a significant impact on the financial education landscape. By using the Magic: The Gathering game as a tool for learning, they are transforming the way children engage with money and equipping them with the knowledge and skills necessary to navigate the complex world of finance..
Reviews for "Bank of America brings the world of Hasbro Magic to your doorstep"
1. John Smith - 1/5 - This game was a complete disappointment. The rules were confusing and poorly explained, making it difficult to understand how to play. The game pieces were also flimsy and broke easily. Overall, it felt like a cheaply made game that was not worth the money.
2. Emily Johnson - 2/5 - I was excited to try out this banking-themed game, but it fell short of my expectations. The gameplay was slow and repetitive, with little excitement or strategy involved. Additionally, the design and artwork on the game board and cards were lackluster and unappealing. I wouldn't recommend this game to anyone looking for a fun and engaging gaming experience.
3. David Thompson - 1/5 - I regret purchasing this game. The theme of banking and financial management sounded intriguing, but the execution was terrible. The rules were convoluted, making it difficult to grasp the objectives and strategies. The gameplay was also monotonous and didn't provide any enjoyable moments. Save your money and look for a different board game that offers more entertainment value.
4. Sarah Adams - 2/5 - As a fan of both banking and Hasbro games, I was excited to try out this combination. Unfortunately, the gameplay fell flat and failed to capture my interest. The mechanics were confusing, and the overall experience felt disconnected and disjointed. The concept had potential, but it just didn't translate well into a satisfying game. I would recommend exploring other board games before considering "Bank of Amerrca Hasbro Magic."