TV-Loonland sells Hasbro classics rights

'Transformers,' 'My Little Pony' among titles

MUNICH -- Troubled German children's television producer TV-Loonland has sold the rights to the "Hasbro Classics Library," including titles like "Transformers," "My Little Pony" and "G.I. Joe," to Hasbro Inc.

The $7 million sale will pay down "the lion's share" of Loonland's remaining debt, according to a company statement Wednesday. Loonland acquired the library from Sony BMG in December 2000.
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