<SEC-DOCUMENT>0001157523-19-001180.txt : 20190509
<SEC-HEADER>0001157523-19-001180.hdr.sgml : 20190509
<ACCEPTANCE-DATETIME>20190509161522
ACCESSION NUMBER:		0001157523-19-001180
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190509
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190509
DATE AS OF CHANGE:		20190509

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAKKS PACIFIC INC
		CENTRAL INDEX KEY:			0001009829
		STANDARD INDUSTRIAL CLASSIFICATION:	GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944]
		IRS NUMBER:				954527222
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35448
		FILM NUMBER:		19810721

	BUSINESS ADDRESS:	
		STREET 1:		2951 28TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90405
		BUSINESS PHONE:		424-268-9444

	MAIL ADDRESS:	
		STREET 1:		2951 28TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90405
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51982584.htm
<DESCRIPTION>JAKKS PACIFIC, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-size: 10pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-size: 16pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 OR 15(d) of</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported): &#160;</font><font style="font-size: 10pt; font-family: Times New Roman"><b>May
      9, 2019</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><font style="font-size: 12pt"><b>JAKKS
      PACIFIC, INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 34%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>0-28104</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>95-4527222</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of incorporation)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 67%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2951 28<sup>th</sup> Street, Santa Monica, California</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>90405</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 67%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: center">
      Registrant&#8217;s telephone number, including area code:&#160;&#160;<b>(424)
      268-9444</b>
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(see General Instruction A.2. below)<font style="font-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p style="text-align: right">
      <font style="font-size: 10pt">Emerging growth company </font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">If an
      emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.</font> <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      Securities registered pursuant to Section&#160;12(b) of the Act:&#160;
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black; width: 33%">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black; width: 33%">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black; width: 34%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; width: 33%" valign="bottom">
          <b>Title of each class</b>
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; width: 33%" valign="bottom">
          <b>Trading Symbol</b>
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; width: 34%" valign="bottom">
          <b>Name of each exchange on which registered</b>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; width: 33%" valign="top">
          <b>Common Stock, $.001 par value</b>
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; width: 33%" valign="top">
          <b>JAKK</b>
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; width: 34%" valign="top">
          <b>NASDAQ Global Select Market</b>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      On May 9, 2019 we issued a press release announcing our first quarter
      results for 2019.&#160;&#160;A copy of such release is annexed hereto as an
      exhibit. Such financial information included in the Exhibit attached
      hereto, shall not be deemed &quot;filed&quot; for purposes of Section 18 of the
      Securities Exchange Act of 1934, nor shall it be deemed incorporated by
      reference in any filing under the Securities Act of 1933, except as
      shall be expressly set forth by specific reference in such filing.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p style="white-space: nowrap">
      (d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 6%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 7%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit</b></u>
          </p>
        </td>
        <td style="width: 4%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 83%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 7%" valign="top">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 83%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 7%" valign="top">
          99.1
        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 83%" valign="top">
          May 9, 2019 Press Release
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 59%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            JAKKS&#160;PACIFIC, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 59%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 6%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 59%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            May 9, 2019
          </p>
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 6%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 59%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 32%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/ BRENT NOVAK</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 59%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 32%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Brent Novak, CFO
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><b>EXHIBIT&#160;INDEX</b></u><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 9%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit</b></u>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 6%" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 85%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 85%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 9%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51982584ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 85%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51982584ex99_1.htm">May 9, 2019 Press Release</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51982584ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>JAKKS
      Pacific Reports First Quarter 2019 Financial Results</b></font>
    </p>
    <p>
      SANTA MONICA, Calif.--(BUSINESS WIRE)--May 9, 2019--JAKKS Pacific, Inc.
      [NASDAQ: JAKK] today reported financial results for the first quarter
      ended March 31, 2019.
    </p>
    <p>
      <b>First Quarter 2019 Overview vs. Same Period Last Year</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales for the first quarter were $70.8 million compared to $93.0
        million reported in the comparable period in 2018. Sales in the 2019
        first quarter were negatively impacted, as expected, by the Toys &#8220;R&#8221;
        Us liquidation in March of 2018 and the success of Incredibles 2 last
        year, as well as the late Easter in 2019.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross margin was 20.2%, compared to 24.7% in the first quarter of 2018.
      </li>
      <li style="margin-bottom: 10.0px">
        Net loss attributable to JAKKS Pacific was $29.2 million, or $1.24 per
        diluted share. This compares to a net loss attributable to JAKKS
        Pacific of $36.2 million, or $1.57 per diluted share, reported in the
        comparable period in 2018.
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted EBITDA was negative $17.1 million, compared to Adjusted
        EBITDA of negative $14.6 million in the 2018 first quarter. See note
        below on &#8220;Use of Non-GAAP Financial Information.&#8221;
      </li>
    </ul>
    <p>
      <b>Management Commentary</b>
    </p>
    <p>
      &#8220;As expected, our results for the first quarter showed the impact of the
      loss of Toys &#8220;R&#8221; Us as a significant customer, and the impact of a later
      Easter holiday,&#8221; said Stephen Berman, CEO of JAKKS Pacific. &#8220;In
      addition, the timing of certain key new product launches tied to major
      theatrical film releases has, as expected, significantly shifted our
      revenue to the second half of the year. Several licensed properties that
      drove our sales in the first half of last year saw declines, notably The
      Incredibles 2, Moana, and Tsum Tsum, in addition to declines in Squish
      Dee Lish, our own property. Still, we are pleased with the success we
      have seen so far with such licenses as Godzilla, Harry Potter, Fancy
      Nancy and Aladdin, and our evergreen lines in Moose Mountain and Kids
      Only.
    </p>
    <p>
      &#8220;We are looking forward to stronger sales in the second half of the
      year, which should benefit from a strong slate of entertainment content,
      notably Frozen 2, as well as Toy Story 4, the 30<sup>th</sup>
      Anniversary of the release of Disney&#8217;s The Little Mermaid, and Disney&#8217;s
      Gigantosaurus animated TV series. In addition, we expect strong
      contributions from products based on some of our own IP, including TP
      Blaster: Sheet Storm, Slap Ninja, Pinata Fiesta and Power Dozer.
      Consistent with our strategy, we continue to see our sales through
      online channels increase as a percent of total sales, which we expect
      will help us in a shifting retail landscape.&#8221;
    </p>
    <p>
      <b>Cash and Cash Equivalents</b>
    </p>
    <p>
      The Company&#8217;s cash and cash equivalents (including restricted cash)
      totaled $47.4 million as of March 31, 2019 compared to $58.2 million as
      of December 31, 2018 and $46.8 million as of March 31, 2018.
    </p>
    <p>
      <b>2019 Outlook</b>
    </p>
    <p>
      Our goal for 2019 is to grow sales by approximately 5% on a
      year-over-year basis with improved levels of Adjusted EBITDA compared to
      2018.
    </p>
    <p>
      <b>Expression of Interest from Hong Kong Meisheng Cultural Company
      Limited</b>
    </p>
    <p>
      As previously announced in the Current Report on Form 8-K dated February
      26, 2019, we engaged in extensive negotiations with Hong Kong Meisheng
      Cultural Company Limited (&quot;Meisheng&quot;) regarding its proposed $50 million
      equity infusion into the Company, resulting in Meisheng owning 51% of
      the Company's outstanding shares, which was also the subject of
      extensive negotiations with an ad hoc group of holders (the &quot;Ad Hoc
      Group&quot;) of the 4.875% convertible senior notes due 2020 (the &quot;Notes&quot;)
      issued by the Company and Oasis Investments II Master Fund Ltd.
      (&quot;Oasis&quot;) with respect to the Meisheng proposal and extension of
      maturities of the Company&#8217;s convertible senior notes. The Company is
      currently awaiting the receipt by Meisheng of certain approvals to
      advance such transactions, including approvals from Chinese regulatory
      bodies, and as a result, no executed and binding agreements related to
      those transactions have been reached with Meisheng, any member of the Ad
      Hoc Group, any other holders of the Notes or Oasis. The foregoing is
      only a summary of the latest discussions and is not intended to be a
      complete description of all of the terms and conditions thereof,
      including the potential significant additional dilution that could occur
      as a result of these transactions. No assurance can be given that the
      ongoing discussions will result in consummation of a transaction with
      Meisheng, the holders of the Notes or Oasis, or that even if a
      transaction is consummated that its final terms will resemble the terms
      described in the Current Report on Form 8-K dated February 26, 2019.
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      In addition to the negotiation of the Meisheng proposal, the Company and
      its advisors have also explored other alternative transactions with the
      Ad Hoc Group and the Company&#8217;s lenders and other third parties. As of
      the date hereof, the Company has reached an agreement in principle with
      the Ad Hoc Group and Oasis with respect to an alternative transaction,
      in lieu of the Meisheng proposal, that contemplates the extension or
      refinancing of the Credit Line, the retirement or refinancing of the
      Term Loan, and the provision of incremental liquidity to the Company. In
      addition, the alternative transaction contemplates an investment by
      holders of the Notes to exchange into a new secured debt instrument with
      an extended maturity date, plus the issuance of significant preferred
      and common equity to holders of the Notes who participate in the
      exchange, including the Ad Hoc Group. These discussions are summarized
      in the Current Report on Form 8-K dated May 9, 2019. The foregoing is
      only a summary of the latest discussions and is not intended to be a
      complete description of all of the terms and conditions thereof. No
      assurance can be given that the ongoing discussions will result in a
      consummation of a transaction with the Company&#8217;s lenders, the Ad Hoc
      Group, any other holder of the Notes or Oasis, or that even if a
      transaction is consummated that its final terms will resemble the terms
      in the Current Report on 8-K dated May 9, 2019.
    </p>
    <p>
      <b>Use of Non-GAAP Financial Information</b>
    </p>
    <p>
      In addition to the preliminary results reported in accordance with U.S.
      GAAP included in this release, the Company has provided certain non-GAAP
      financial information including Adjusted EBITDA which is a non-GAAP
      metric that excludes various items that are detailed in the financial
      tables and accompanying footnotes reconciling GAAP to non-GAAP results
      contained in this release. Management believes that the presentation of
      these non-GAAP financial measures provides useful information to
      investors because the information may allow investors to better evaluate
      ongoing business performance and certain components of the Company&#8217;s
      results. In addition, the Company believes that the presentation of
      these financial measures enhances an investor&#8217;s ability to make
      period-to-period comparisons of the Company&#8217;s operating results. This
      information should be considered in addition to the results presented in
      accordance with GAAP, and should not be considered a substitute for the
      GAAP results. The Company has reconciled the non-GAAP financial
      information included in this release to the nearest GAAP measures. See
      the attached &#8220;Reconciliation of Non-GAAP Financial Information.&#8221;
    </p>
    <p>
      <b>Conference Call Live Webcast</b>
    </p>
    <p>
      JAKKS Pacific will webcast its first quarter earnings call at 4:30 p.m.
      ET/ 1:30 p.m. Pacific Time today. To listen to the live webcast and
      access the accompanying presentation slides, go to <u>www.jakks.com/investors</u>
      and click on the earnings website link under the Presentations tab at
      least 10 minutes prior to register, download and install any necessary
      audio software.
    </p>
    <p>
      A replay of the call will be available on JAKKS&#8217; website approximately
      one hour following completion of the call through May 16, 2019 ending at
      11:59 p.m. Eastern Time/8:59 p.m. Pacific Time. The playback can be
      accessed by calling (888) 843-7419 or (630) 652-3042 for international
      callers, with passcode &#8220;4858 3735#&#8221; for both playback numbers.
    </p>
    <p>
      <u><b>About JAKKS Pacific, Inc.</b></u>
    </p>
    <p>
      JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer
      and marketer of toys and consumer products sold throughout the world,
      with its headquarters in Santa Monica, California. JAKKS Pacific&#8217;s
      popular proprietary brands include MorfBoard&#8482;, Perfectly Cute&#8482;,
      Squish-Dee-Lish&#8482;, TP Blaster&#8482;, Disguise&#174;, Moose Mountain&#174;, Funnoodle&#174;,
      Maui&#174;, Kids Only!&#174;; a wide range of entertainment-inspired products
      featuring premier licensed properties; and C&#8217;est Moi&#8482;, a youth skincare
      and make-up brand. Through JAKKS Cares, the company&#8217;s commitment to
      philanthropy, JAKKS is helping to make a positive impact on the lives of
      children. Visit us at <u>www.jakks.com</u>&#160;and follow us on Instagram
      (@jakkstoys), Twitter (@jakkstoys) and Facebook (JAKKS Pacific).
    </p>
    <p>
      &#169;2019 JAKKS Pacific, Inc. All rights reserved.
    </p>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      This press release may contain &#8220;forward-looking statements&#8221; (within the
      meaning of the Private Securities Litigation Reform Act of 1995) that
      are based on current expectations, estimates and projections about JAKKS
      Pacific's business based partly on assumptions made by its management.
      These statements are not guarantees of future performance and involve
      risks, uncertainties and assumptions that are difficult to predict.
      Therefore, actual outcomes and results may differ materially from what
      is expressed or forecasted in such statements due to numerous factors,
      including, but not limited to, those described above, changes in demand
      for JAKKS Pacific's products, product mix, the timing of customer orders
      and deliveries, the impact of competitive products and pricing, and
      difficulties with integrating acquired businesses, or closing
      transactions associated with the Meisheng proposal or alternative
      transactions. The &#8220;forward-looking statements&#8221; contained herein speak
      only as of the date on which they are made, and JAKKS undertakes no
      obligation to update any of them to reflect events or circumstances
      after the date of this release.
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>JAKKS Pacific, Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="11" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Condensed Consolidated Balance Sheets (Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>March 31,</b>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center" valign="bottom">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>ASSETS</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Current assets:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Cash and cash equivalents
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          42,431
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          53,282
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Restricted cash
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          4,974
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          4,923
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          67,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          122,278
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Inventory
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          44,685
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          53,880
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Prepaid expenses and other assets
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          28,030
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          15,780
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          187,913
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          250,143
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Property and equipment
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          123,841
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          128,049
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Less accumulated depreciation and amortization
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          103,685
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          107,147
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          20,156
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          20,902
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Operating lease right-of-use assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          35,132
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          35,083
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          35,083
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Intangibles and other assets, net
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          33,691
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          36,713
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Total assets
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          311,975
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          342,841
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Current liabilities:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Accounts payable and accrued expenses
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          57,897
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          87,488
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Reserve for sales returns and allowances
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          26,009
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          29,403
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Short term operating lease liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Short term debt, net
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          20,000
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          27,211
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          112,723
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          144,102
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Long term operating lease liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          29,628
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Long term debt, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          142,411
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          139,792
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Other liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          128
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          4,409
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Income taxes payable
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,461
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,458
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Deferred tax liability, net
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          1,430
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          1,431
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Total liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          287,781
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          291,192
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          Stockholders' equity:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Common stock, $.001 par value
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          30
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          218,524
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          218,155
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Treasury stock
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (24,000
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (24,000
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Accumulated deficit
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (156,759
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (127,601
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Accumulated other comprehensive loss
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (14,544
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (15,847
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Total JAKKS Pacific, Inc. stockholders' equity
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          23,251
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          50,737
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Non-controlling interests
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          943
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          912
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total stockholders' equity
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          24,194
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          51,649
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Total liabilities and stockholders' equity
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          311,975
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          342,841
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>JAKKS Pacific, Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="11" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Condensed Consolidated Statements of Operations (Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center" valign="top">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>2019</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>2018</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>(In thousands, except per share data)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Net sales
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          70,826
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          93,004
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Less cost of sales
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Cost of goods
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          45,108
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          53,258
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Royalty expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          9,841
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          15,291
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Amortization of tools and molds
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          1,537
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          1,496
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Cost of sales
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          56,486
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          70,045
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          14,340
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          22,959
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Direct selling expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,228
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          12,487
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          25,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          44,530
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,697
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,600
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Restructuring charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Acquisition related and other
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          2,867
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          -
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Loss from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (24,041
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (35,658
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Other income (expense):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Income from joint ventures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          22
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Other income (expense), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          83
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          50
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Change in fair value of convertible senior notes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (2,423
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (1,021
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          Interest income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          14
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (3,018
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (1,936
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Loss before benefit from income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (29,372
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (38,529
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Benefit from income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (245
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (2,336
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          Net loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (29,127
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (36,193
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Net income attributable to non-controlling interests
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          31
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          51
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Net loss attributable to JAKKS Pacific, Inc.
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (29,158
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (36,244
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Loss per share - basic and diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (1.24
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (1.57
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Shares used in loss per share - basic and diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          23,557
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          23,100
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Income (loss) per share - diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (1.24
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (1.57
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Shares used in income (loss) per share - diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          23,557
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          23,100
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>JAKKS Pacific, Inc. and Subsidiaries</b><br><b>Reconciliation of
      Non-GAAP Financial Information (Unaudited)</b>
    </p>
    <p>
      <b>Reconciliation of GAAP to Non-GAAP measures:</b>
    </p>
    <p>
      <b>This press release and accompanying schedules provide certain
      information regarding Adjusted EBITDA and Adjusted Net Income (Loss),
      which may be considered non-GAAP financial measures under the rules of
      the Securities and Exchange Commission. The non-GAAP financial measures
      included in the press release are reconciled to the corresponding GAAP
      financial measures below, as required under the rules of the Securities
      and Exchange Commission regarding the use of non-GAAP financial
      measures. We define Adjusted EBITDA as income (loss) from operations
      before depreciation, amortization and adjusted for certain non-recurring
      and non-cash charges, such as reorganization expenses and restricted
      stock compensation expense. Net income (loss) is similarly adjusted and
      tax-effected to arrive at Adjusted Net Income (Loss). Adjusted EBITDA
      and Adjusted Net Income (Loss) are not recognized financial measures
      under GAAP, but we believe that they are useful in measuring our
      operating performance. We believe that the use of the non-GAAP financial
      measures enhances an overall understanding of the Company&#8217;s past
      financial performance, and provides useful information to the investor
      by comparing our performance across reporting periods on a consistent
      basis.</b>
    </p>
    <p>
      <b>Investors should not consider these measures in isolation or as a
      substitute for net income, operating income, or any other measure for
      determining the Company&#8217;s operating performance that is calculated in
      accordance with GAAP. In addition, because these measures are not
      calculated in accordance with GAAP, they may not necessarily be
      comparable to similarly titled measures employed by other companies.</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center" valign="top">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>2019</b></u>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>2018</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (29,127
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (36,193
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income from joint ventures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (22
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other income (expense), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (83
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (50
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Interest income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (27
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (14
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,018
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,936
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Benefit from income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (245
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (2,336
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,234
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,096
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Acquisition related and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,867
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restricted stock compensation expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          618
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          674
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Bad debt write-offs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          13,794
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Change in fair value of convertible senior notes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,423
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,021
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restructuring charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Minimum guarantee shortfalls
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          -
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          3,468
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Adjusted EBITDA
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (17,074
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (14,626
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center" valign="top">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>2019</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>2018</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>(In thousands, except per share data)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net loss attributable to JAKKS Pacific, Inc.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (29,158
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (36,244
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restricted stock compensation expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          618
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          674
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Bad debt write-offs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          13,794
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Acquisition related and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,867
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Change in fair value of convertible senior notes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,423
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,021
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restructuring charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Minimum guarantee shortfalls
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,468
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Tax impact of additional charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (15
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (2,348
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Adjusted net loss attributable to JAKKS Pacific, Inc.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (23,017
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (19,635
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Adjusted loss per share - basic and diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (0.98
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          (0.85
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Shares used in adjusted loss per share- basic and diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          23,557
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right" valign="bottom">
          23,100
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><u><b>JAKKS Pacific</b></u><br>Brent Novak, (424) 268-9450<br>Chief
      Financial Officer
    </p>
    <p>
      Rachel Griffin, (424) 268-9553<br>Vice President, Communications
    </p>
    <p>
      <u><b>Liolios Investor Relations</b></u><br>Sean McGowan, (949) 574-3860<br>Managing
      Director<br><u>JAKK@liolios.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
