Wikipedia

WowWee

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WowWee Group Limited, is a privately held, Hong Kong–based Canadian consumer technology company.

WowWee Group Limited
Company typePrivate
Founded1988; 36 years ago (1988)
Montreal, Quebec, Canada
FounderRichard Yanofsky
Peter Yanofsky
HeadquartersHong Kong, China
Websitewww.wowwee.com

History

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Initially from Canada, the two founding brothers (Richard and Peter Yanofsky) moved to Hong Kong to form the company in 1982, as an independent research & development and manufacturing outfit.[1] As an OEM seller, they produced products such as the Power Rangers Power Gloves and the Talking Tots dolls.[2] In 1987, the company changed focus, building and marketing toys under their own brand in response to a fall in OEM orders. In 1999, they produced new products including a robotic dog (MegaByte), T-Rex, and the Animaltronics and Dinotronics lines of remote control animals. In 1998 the company was purchased by Hasbro.[3]

Under Hasbro

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Shortly before the Hasbro sale,[4] Peter Yanofsky reportedly caught physicist/roboticist Mark Tilden on the Discovery Channel, and soon hired him as a consultant.[3] Initially Tilden worked part-time with WowWee while he continued his work with the Los Alamos National Laboratory, but in 2001, Tilden joined the company full-time. One of his first products with WowWee was the B.I.O. Bug, released in 2001. Unfortunately, while sales were doing well, they weren't as strong as either WowWee or Hasbro would have liked. In part this has been attributed to the after-effects of 9/11 and the anthrax attacks, while Tilden has also expressed disappointment with some of the limitations placed on the product design by Hasbro.[4] After moving to WowWee full-time in 2001, Tilden focused his attention on developing Robosapien.

While Tilden was developing Robosapien, Hasbro canceled the project several times, leading Yanofsky to negotiate out of the contract in 2003.[3] Robosapien was released in 2004, and over 1.5 million were reportedly sold in the first five months of sale.[5] Robosapien was the first commercially available biomorphic robot, and the first to integrate personality-like features. Tilden continued to develop the line with the Robosapien V2 (released in 2005), which added functionality like speech capability; RS Media™ robot (released in 2006), which included user-created functions, and Roboreptile (also in 2006).[6] The Roboquad a four-wheeled robot (released in 2007); the RS Tri-Bot, a three-wheeled robot (released in summer 2008),[7] and RS Media (2006).

In 2007, working with inventor Sean Frawley, WowWee released the FlyTech Dragonfly – a remote control flying ornithopter.[8] The Dragonfly was named as one of the inventions of the year by Time in 2007.[9] The success of the Dragonfly led to other flying toys, such as the Bladestar (a remote controlled helicopter) and the Butterfly (a wind-up ornithopter aimed at younger children).

Under Optimal Group

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On September 27, 2007, the publicly traded Optimal Group announced they had entered into a purchase agreement to acquire WowWee Ltd, which they completed in November of that year.[10]

At the 2008 CES, several new products (including the Rovio and Femisapien) were announced with their estimated release dates and prices.[11][12]

Private again; Fingerlings & Avastars

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In 2010, the management of WowWee entered into a support agreement with Optimal Group, and took the company private again.[13] In 2014, a new product, MiP, was released. It won more than 10 Tech and Toy awards, including the Toy Industry Associations’ 2015 TOTY award for Innovative Toy of the Year.[14] MiP was also named "Innovative Toy of the Year" at the National Robotics Week.[15] At the 2015 CES, WowWee announced products including MiPosaur and REV.[16]

In 2017, the company employed about 100 people.[17] For the 2017 Christmas season, it introduced, through a series of viral promotions on social media, a product called Fingerlings. The tiny robots, in the shape of monkeys, sloths and unicorns, became one of the most popular toys of the season.[17][18] Some shoppers complained that they were sold fake Fingerlings on Amazon and Walmart's websites.[19] In 2018, WowWee followed up[20] the success with large interactive plush Fingerlings in the Fingerlings Hugs series.

in 2022 WowWee formed a partnership with the Roblox development group Gamefam to launch the Avastars line of dolls.

2010 lawsuit

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On November 23, 2010, Engadget revealed that WowWee and a number of retailers were being sued for trademark infringement by Gibson Guitar Corporation for unlawfully using the shapes of the bodies and headstocks of Gibson's signature guitars in their Paper Jamz line of battery operated toy guitars.[21] WowWee denied any wrongdoing and asserted that the shapes Gibson claimed as trademarks were generic and therefore could not function as trademarks. On November 24, 2010, the court denied Gibson's request for a temporary restraining order,[22] but on December 22, 2010, granted Gibson's motion for a preliminary injunction. The case was later settled, with WowWee paying Gibson an undisclosed amount for licensing the likeness of Gibson guitars, according to Gibson CEO, Henry Juszkiewicz.[23]

2022 lawsuit

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On August 3, 2022, the video game company Roblox Corporation sued WowWee due to the Avastars line of toys. Roblox claimed that the Avastars' designs were too similar to that of a classic Roblox avatar.[24]

References

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  1. ^ Krueger, Justus (February 28, 2006). "Robot climbs evolutionary ladder". South China Morning Post. Hong Kong.
  2. ^ "History". WowWee (Official Site). Archived from the original on April 8, 2008. Retrieved May 1, 2008.
  3. ^ a b c Goldman, Francisco (November 28, 2004). "A Robot for the Masses". The New York Times.
  4. ^ a b Feder, Barnaby J. (February 21, 2002). "Toyland Is Tough, Even for Robots". The New York Times.
  5. ^ Taylor, Michael (November 16, 2004). "Innovative toy packs a punch". South China Morning Post. Hong Kong.
  6. ^ Bullard, Dave (August 9, 2006). "Techno comes to toy town". The Courier Mail.
  7. ^ WowWee RS Tri-bot
  8. ^ Marriott, Michel (February 8, 2007). "If Leonardo Had Made Toys". The New York Times.
  9. ^ "Gadget of the Year: FlyTech Dragonfly". Time. November 1, 2007. Archived from the original on November 4, 2007.
  10. ^ "Optimal Group Completes WowWee Acquisition (Press Release)". Yahoo! Finance. November 7, 2007. Archived from the original on December 22, 2007. Retrieved May 1, 2008.
  11. ^ "CES 2008: Meet the new WowWee Robot Lineup!". RoboCommunity. January 8, 2008. Retrieved June 24, 2008.
  12. ^ RoboCommunity Team (January 14, 2008). "WowWee Robots 2008 – Release Dates and Pricing Guide". RoboCommunity. Retrieved June 24, 2008.
  13. ^ Optimal Group Enters Into Support Agreement With Management of WowWee Group for Offer of US$2.40 per Share, March 17, 2010
  14. ^ "2015 TOTY Winners". The Toy Association. Retrieved March 30, 2023.
  15. ^ named Innovative Toy of the Year at National Robotics Week, ToyNews, April 16, 2015
  16. ^ WowWee® Shifts Into Hyperdrive at CES with REV™ and MiPosaur™, PR Newswire
  17. ^ a b Corkery, Michael. "How the Fingerling Caught On (Robot Grip and All) as 2017’s Hot Toy", The New York Times, December 9, 2017
  18. ^ White, Martha C. "A Brand New Set of Fingerlings Toys Have Arrived. Here's Where to Buy Them", Money, December 20, 2017
  19. ^ Pisani, Joseph "Shoppers: Fake Fingerlings sold through outside sellers on Amazon, walmart.com", USA Today, November 21, 2017
  20. ^ "Fingerlings Hugs Bella Is in Stock At Amazon for Pre-order". I4U News. Retrieved August 1, 2018.
  21. ^ "Gibson sues WowWee, retailers over Paper Jamz toy guitars". Engadget. November 23, 2010. Retrieved November 24, 2010.
  22. ^ "Adams v. Gibson, 2:07-cv-00777-RAM | Casetext Search + Citator". casetext.com. Retrieved March 30, 2023.
  23. ^ "Gibson Responds to WowWee Settlement Article". MMR. January 12, 2011. Archived from the original on July 14, 2011. Retrieved February 9, 2011.
  24. ^ Brittain, Blake (August 3, 2022). "Roblox sues tech toymaker WowWee over avatar figurines". Reuters. Retrieved June 11, 2023.
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