Book Matt →
October 14, 2025
Jessica Murphy
Vice President of Global Marketing Strategy & Operations

Game plan: Hasbro’s strategy to reinvent its icons for a new gen

This is some text inside of a div block.
This is some text inside of a div block.
LISTEN ANYWHERE YOU FIND YOUR PODCASTS
Game plan: Hasbro’s strategy to reinvent its icons for a new genGame plan: Hasbro’s strategy to reinvent its icons for a new gen

Opening: The Strategy Behind Legacy Brands in an AI-Driven World

In Episode 215 of the Speed of Culture Podcast, Matt Britton, founder and CEO of Suzy, the AI-powered consumer intelligence platform, sits down with Jessica Murphy, Vice President of Global Marketing Strategy at Hasbro, to explore how one of the world's most iconic toy and entertainment companies is reinventing itself for Generation Alpha. The conversation reveals a critical business truth: in an increasingly digital world, the demand for physical, tactile play is stronger than ever, and brands that successfully bridge the digital-physical divide will define the next decade of consumer culture.

Hasbro's strategy isn't about abandoning its heritage. Instead, it's about evolving timeless properties like My Little Pony, Transformers, and Monopoly for audiences who have grown up with screens as their primary entertainment medium. Yet paradoxically, Murphy reveals that kids are craving tangible, sensory experiences more than previous generations—Play-Doh, Pop-Its, and hands-on toys are experiencing unexpected resurgences precisely because they offer what digital experiences cannot. This contradiction isn't a problem; it's an opportunity that Hasbro has identified and is rapidly capitalizing on.

The broader context makes this conversation essential for any marketer, brand leader, or executive navigating cultural change. Today's parents are more anxious about their children's digital wellbeing than ever before. Meanwhile, data shows that children ages 6–11 have 25% less free time than they did a decade ago, and 30% of kindergarteners lack recess. In this landscape, Hasbro isn't just selling toys—it's positioning play as a solution to genuine societal challenges: loneliness, anxiety, and the erosion of childhood unstructured time.

Murphy's insights reveal how understanding these deeper cultural currents allows brands to move beyond marketing gimmicks to authentic, strategic positioning. What makes this episode particularly valuable is her transparency about the role of artificial intelligence in the creative process.

Rather than viewing AI as a threat to human creativity, she frames it as a tool that accelerates imagination while keeping human experience and connection at the center.

This nuanced view reflects where the most sophisticated brands are heading: not AI-first, but human-first with AI as an enabler. For audiences concerned about AI's impact on creativity and childhood development, Murphy's perspective offers reassurance grounded in real product strategy.

Hasbro's transformation is underpinned by a strategic framework called "Playing to Win"—a three-year plan designed to position Hasbro as one of the world's most profitable toy and game companies by 2027. The strategy rests on five building blocks:

This comprehensive approach reveals how legacy brands maintain relevance not through incremental tweaks, but through bold strategic reinvention grounded in consumer insight and cultural intelligence.


The Data-Driven Insight: Understanding Gen Alpha's Paradoxical Needs

The foundation of Hasbro's strategy rests on a counterintuitive insight: as digital technology becomes ubiquitous, children and families increasingly value hands-on, tactile, physical experiences. This isn't nostalgia; it's a direct response to the anxieties and limitations of a screen-centric childhood. When Jessica Murphy discusses the resurgence of sensory play products, she's pointing to a massive market signal that many consumer brands are still overlooking.

The statistics Murphy cites are sobering. Kindergarteners having no recess, children with 25% less free time, and rising childhood anxiety rates paint a picture of a generation under unprecedented stress. What's brilliant about Hasbro's strategic response is that it doesn't position toys as a distraction from these problems—it positions them as part of the solution.

Play, in Hasbro's framing, is literally essential infrastructure for healthy child development. It builds communication skills, fosters collaboration, and creates the unstructured time that developing brains need.

This insight directly influences product development and marketing strategy. Why is Hasbro investing in multi-format offerings like Monopoly available as a board game, mobile app, and card game? Because different contexts and audiences require different formats, but the core experience—connection, competition, strategy, laughter—remains constant.

This omnichannel thinking allows Hasbro to reach Gen Alpha where they are (increasingly online) while delivering what they need (tactile, social play).

The data also reveals which sensory experiences are winning with Gen Alpha. Pop-Its, fidget toys, and Play-Doh are experiencing remarkable resurgences because they provide immediate sensory feedback and stress relief. These aren't toys for "younger" kids anymore—they're mainstream across age groups because they address a genuine need.

Hasbro's licensing partnerships, like the PLAY-DOH x BARBIE collaboration announced as part of the Playing to Win strategy, reveal how the company is scaling these insights across its IP portfolio.

Understanding this paradox—more screens plus less free time plus rising anxiety equals stronger demand for physical play—is the key to understanding why Hasbro's strategy is working. Many brand leaders assume that digital natives prefer digital experiences. Murphy's insights correct this misconception with hard data and real-world product performance.

The executive takeaway is clear: understand your audience's genuine needs beneath their surface behaviors, and position your brand as solving those deeper problems.


Revitalizing Legacy IP: The Psychology of Timeless Themes with Modern Relevance

Hasbro owns some of the most valuable intellectual properties in the world—franchises that have been passed down across generations. My Little Pony, created in 1983, has somehow remained culturally relevant across multiple generational shifts. Teenage Mutant Ninja Turtles, introduced in 1985, continues to spawn new entertainment and product lines. Transformers, starting in 1984, has evolved from a niche toy line into a multibillion-dollar entertainment franchise.

What allows these properties to transcend time?

Jessica Murphy's marketing approach to legacy IP reveals a sophisticated understanding of brand psychology. Rather than attempting to reinvent these properties from scratch—a risky strategy that often alienates longtime fans while failing to attract new audiences—Hasbro identifies the timeless emotional cores of each franchise and updates the cultural context in which those cores are expressed.

For My Little Pony, the core is friendship. The original 1983 line sold friendship as a wholesome virtue. By the 2010s, when Hasbro reinvigorated the IP with "Friendship is Magic," the message remained the same, but the cultural context had shifted.

The show featured stronger character development, more sophisticated humor, and themes that resonated with both children and adults. Murphy's role in leading these marketing campaigns involved ensuring that multi-generational audiences felt acknowledged and valued. This isn't traditional toy marketing; it's cultural stewardship.

Similarly, Teenage Mutant Ninja Turtles' core isn't actually about ninjas or mutations—it's about a group of outsiders who find family in each other and use their unique talents to protect their community. Every reinvention of TMNT maintains this emotional core while updating the aesthetics, humor, and cultural references.

This approach has profound implications for how brands manage longevity. Too many companies attempt to refresh legacy properties by chasing trends, only to alienate their core audience and fail to convince skeptical newcomers. Hasbro's approach—identify the timeless emotional core, update the cultural expression, and ensure all audiences feel represented—is far more sophisticated and effective.

The marketing mechanics also matter. Murphy emphasizes authenticity in creator partnerships and influencer relationships. Hasbro isn't instructing creators to push products in traditional ways. Instead, it's giving creators freedom to play with and interpret Hasbro's IP in ways that feel genuine to their audiences.

When a YouTube creator builds an entire content series around playing with Hasbro toys, that's not advertising; it's genuine engagement that happens to align with brand interests. This creator-centric approach acknowledges that Gen Alpha's media consumption patterns are fundamentally different from previous generations—they trust peer recommendations and creator content far more than traditional advertising.


Navigating the Digital-Physical Balance: Omnichannel Strategy for the AI Era

One of the most pressing strategic questions facing toy and entertainment companies is how to remain relevant as digital entertainment captures an increasing share of children's attention and discretionary time. Hasbro's answer isn't to compete head-on with digital platforms—it's to integrate with them while doubling down on the irreplaceable value of physical play.

The Monopoly franchise exemplifies this strategy. Rather than viewing the classic board game as a legacy product that needs to be phased out, Hasbro has expanded it across multiple formats: the traditional board game, mobile apps with digital-native features, card game versions for different contexts, and even retail-integrated experiences.

This multi-format approach serves several strategic purposes:

Jessica Murphy's discussion of channel strategy reveals where Hasbro is placing its marketing bets. Rather than fighting for attention on traditional television, Hasbro is investing heavily in YouTube, gaming platforms, and streaming services where Gen Alpha actually spends time.

Shifting to creator platforms, streaming, and in-game advertising requires different skills, metrics, and organizational structures. Legacy toy companies built their entire marketing infrastructure around broadcast television. This transformation demands reinvention.

The Retail Media opportunity is particularly interesting. Hasbro is using platforms like Walmart Connect and Amazon Prime advertising to reach parents in shopping contexts where they're making purchase decisions. The integration of retail media with streaming awareness campaigns creates a coordinated funnel that acknowledges how modern families discover and purchase products.

AI plays an enabling role in this digital-physical balance. Rather than using AI to replace human creativity, Hasbro is using AI to accelerate design, personalize marketing at scale, and identify patterns in consumer behavior that human analysts might miss.

"True creativity comes from lived human experience."

This perspective reflects a sophisticated understanding of where AI adds genuine value—pattern recognition, scaling, efficiency—and where human expertise remains irreplaceable: emotional authenticity, cultural understanding, and storytelling.


AI, Creativity, and the Future of Play: Reframing Technology's Role

The conversation around artificial intelligence and creativity has become increasingly polarized. Some view AI as an existential threat to human creativity and employment. Others position AI as a transformative tool that will revolutionize creative work.

Jessica Murphy's perspective offers a more nuanced third view: AI is powerful, but only as an accelerator and tool—the human elements of creativity, emotional intelligence, and cultural understanding remain central.

At Hasbro, AI helps designers iterate more quickly on product concepts. It assists marketers in analyzing consumer sentiment and identifying cultural trends at scale. It personalizes recommendations and experiences for individual consumers.

But the core creative work—understanding what Gen Alpha genuinely needs, developing emotional narratives around brands, and making judgment calls about cultural relevance—remains distinctly human.

Murphy's framing is particularly important for countering a specific anxiety: that AI might hijack children's play experiences, transforming play from something a child drives into something an algorithm prescribes.

By positioning AI as a tool that serves human creativity rather than replacing it, Hasbro is making a strategic choice about what kind of company it wants to be. This choice signals a values proposition to parents who are increasingly concerned about technology's role in childhood.

Consider how AI might enhance the Play-Doh experience. An AI system could analyze how different age groups use the product, identify emerging play patterns, and suggest new color combinations or form factors. But the AI isn't replacing the child's creativity—it's helping Hasbro innovate faster.

The child remains the driver of play, with technology serving their imagination.


Winning the Next Decade: Strategic Imperatives for Mature Brands

Hasbro's Playing to Win strategy offers a playbook for how any mature brand can remain relevant as culture and technology shift. The five building blocks—profitable franchises, aging up properties, expanding demographic reach, scaling digital capabilities, and modernizing operations—represent a framework that extends across industries facing disruption.

The "aging up" strategy deserves particular attention. Rather than assuming the market narrows as children age, Hasbro sees opportunity in making properties like Transformers and My Little Pony appealing to teenagers and adults through collectibles, sophisticated storytelling, and community building.

This strategy acknowledges that play doesn't end in childhood—it evolves. By expanding into collectibles, advanced games, and cross-generational experiences, Hasbro significantly broadens its addressable market.

The "Everyone Plays" pillar reflects a recognition that toy marketing has historically skewed male and toward certain geographies. By expanding to underserved demographics—particularly girls and emerging markets—Hasbro unlocks new growth.

The digital and direct-to-consumer capability-building is equally critical. Video games are the fastest-growing entertainment category of the past decade, and Hasbro has positioned itself as the biggest digital games licensor. Building DTC e-commerce capabilities reduces dependence on traditional retail and creates direct consumer relationships.

Finally, systems modernization, supply chain excellence, design acceleration, and AI advancement provide the operational infrastructure that makes strategy execution possible.

For executives leading mature organizations, the imperatives are clear:


Key Takeaways


FAQ

How Is Hasbro Addressing Parental Concerns About Technology and Childhood Screen Time?

Rather than positioning technology as the enemy, Hasbro acknowledges legitimate parental anxieties about screen time while offering a balanced portfolio. The company invests in tactile, sensory play experiences alongside digital offerings. Technology isn't replacing play; it's creating new entry points to play. Murphy emphasizes authenticity in integration, ensuring technology enhances rather than hijacks childhood development.

What Makes Jessica Murphy's Approach to Brand Revitalization Different from Traditional Toy Marketing?

Traditional toy marketing focused on pushing the newest product. Murphy's approach centers on understanding deeper cultural needs and positioning brands as genuine solutions. She identifies timeless emotional cores, updates context, and prioritizes authentic creator partnerships over scripted influencer campaigns—creating genuine engagement instead of transparent product placement.

How Can Established Brands in Non-Toy Industries Apply Hasbro's "Playing to Win" Strategy?

The framework extends across industries: invest in your profitable core, expand to new demographics and use cases, enter high-growth digital channels, and modernize operational infrastructure. Whether in beverages, retail, or technology, the principles of aging up, adjacency expansion, and DTC capability-building apply broadly.

How Does Hasbro Balance Maintaining Heritage with Innovation for New Generations?

Hasbro identifies the emotional truth at the center of each property and updates everything else. My Little Pony's core is friendship; the storytelling, aesthetics, and humor evolve. This requires ongoing cultural research and consumer engagement, as well as restraint to avoid over-franchising and eroding brand authority.


Looking Ahead

The conversation between Matt Britton and Jessica Murphy on the Speed of Culture Podcast reveals a company navigating generational and technological shifts with strategic clarity. Hasbro's approach isn't about fighting the future or clinging to the past—it's about understanding genuine human needs and positioning the brand to serve them.

For brand leaders, marketing executives, and anyone responsible for navigating cultural change, the insights extend far beyond toys. Digital abundance creates stronger demand for tactile experiences. Authentic creator partnerships outperform traditional advertising. Artificial intelligence serves creativity best when it remains a tool rather than a replacement.

For parents and consumers concerned about childhood and technology, Hasbro's positioning of play as essential infrastructure offers reassurance grounded in strategy.

The coming years will determine whether Playing to Win positions Hasbro as one of the world's most profitable toy and entertainment companies by 2027. But the strategic principles—deep audience understanding, respect for heritage, technology as enabler, and operational excellence—offer lessons well beyond the toy industry.

To explore more insights about consumer culture, generational trends, and the intersection of technology and humanity:

Recent Episodes

View All Episodes →