Mattel (NASDAQ:MAT) shares were nudged higher after the toy maker announced the renewal of its multi-year licensing agreement ...

Mattel's deal with Warner Bros. Discovery to make toys related to the DC brand could fuel more toy sales and help Mattel compete with rivals such as Hasbro.

Mattel was still allowed to produce DC-themed toys aimed at girls and preschoolers. The new multiyear deal could help fuel sales for the El Segundo, California-based toy maker and entertainment ...