It looks like the man who created GI Joe is planning to reclaim rights to the character line.
The 82-year-old father of G.I. Joe has served notice to Hasbro that his assignment of rights will expire on Feb. 29, 2020, at which time or his heirs will reclaim all interests in the $100 million toys.
Stanley A. Weston sued Hasbro on Tuesday in Los Angeles Federal Court. He is represented by renowned entertainment attorney Bert Fields, who at 86 goes back even further than his latest client.
I guess he could be delayed until he dies, but it sounds like his family will pursue beyond him. Hmm.... This is interesting, and I wonder how many similar things may have happened to make precedent?
Original G.I. Joe dolls - excuse me, action figures - were selling for as much as $5,750 in 1995, according to a Chicago Tribune story of that year. In 2003, a 1963 prototype of G.I. Joe went for $200,000 on eBay, according to a collectors' site.
Now that IS some serious green!
...and how did they get their name in the first place?
The dolls were named after a 1945 movie, "The Story of G.I. Joe," and originally came in four versions: infantryman, sailor, Marine and pilot. A black G.I. Joe appeared in 1965, then a Green Beret and - brace yourself - a nurse. As the Vietnam War became increasingly unpopular, G.I. Joe was renamed an "adventurer" in 1969, rather than a soldier. He's also appeared as an astronaut, a drug agent, a spy, a terrorist fighter, and so on - always with more special equipment to be bought.
I guess I was weird growing up. I never played with dolls or wanted one.. All my play things were guns,spears, bows, boomerangs, dog, horse, and a couple of girls that lived about a mile away.. all those things had their finer points of interest and gave me little time for much else. :chin: