On November 17, 2022, Ancora Holdings Group, LLC announced that it issued the below statement regarding Hasbro, Inc.'s announcement that it has initiated a sale process for its eOne TV and film business. Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora Alternatives LLC, commented: As outlined in Ancora May letter to the Company's Board of Directors, divesting of eOne can improve the Company's long-term positioning by enabling it to deleverage, reduce operational complexity and reinvest in core segments and high-quality brands with strong growth trajectories. Ancora Holdings stated that it encouraged by the Company's decision to initiate a sale process that will be led by Chief Executive Officer Chris Cocks and supported by independent financial advisors.

Ancora Holdings stated that its prior interaction with Cocks and other recent developments suggest to Ancora Holdings that the Company is beginning to adopt investor feedback and pursue important strategic enhancements that can benefit shareholders, customers, employees and other partners over the long run.