Why did LEGO fail in 2004?
Expanding to theme parks, clothing and television shows proved to be another costly distractions for the brand, and in 2004 LEGO’s profits dropped significantly. The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks. At a time when toy companies are struggling to match the massive gains of pandemic-era sales, the LEGO Group is growing rapidly.
Is The LEGO Movie 3 Cancelled?
The Movie’s Status Was Re-Confirmed In 2022 Though news has been scant since the rights to LEGO shifted over to Universal, the latest update confirms that The LEGO Movie 3 is still happening. In 2022, The Lego Group announced the Lego Star Wars theme will continue until December 2032.
Is LEGO losing money?
This statistic shows the net profit of the LEGO Group from 2009 to 2024. In 2024, the Lego Group’s net profit amounted to approximately 13. Danish kroner (approximately 1. Danish kroner recorded a year earlier. Danish pronunciation: [ˈkʰelˀ ˈkʰiɐ̯k kʰʁeˈstjænˀsn̩]; born 27 December 1947) is a Danish businessman who was the president and CEO of The Lego Group from 1979 to 2004. According to the Bloomberg Billionaires Index, Kristiansen is the third richest Dane, with a net worth of US$7. March 2025.The name ‘LEGO’ is an abbreviation of the two Danish words “leg godt”, meaning “play well”. It’s our name and it’s our ideal. The LEGO Group was founded in 1932 by Ole Kirk Kristiansen. The company has since passed from generation to generation and is to this day still owned by the Kirk Kristiansen family.
Why are some LEGO illegal?
Adam Gaterell some illegal techniques were used in official sets and then Lego realized they’d put undue stress on parts and so were deemed illegal afterwards, so they won’t be used in future sets. A LEGO technique is classed as ‘illegal’ if it puts stress on the elements used; these are avoided by LEGO designers as over time, they would cause the pieces to break or deform.