Jakks Renews Deal With Nickelodeon

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Jakks Pacific Inc. said Friday that it has renewed a licensing agreement with Nickelodeon and Viacom Consumer Products.


Under the Flying Colors agreement, Jakks will make toys based on Nickelodeon and Nick Jr. shows including “Dora the Explorer,” “Go Diego Go!,” “SpongeBob SquarePants” and “The Backyardigans.” Financial terms of the deal were not disclosed.


The deal comes a day after the Malibu-based toymaker released solid third quarter earnings that beat Wall Street expectations.


However, shares in Jakks were down 57cents to $21.43 in early trading Friday.

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