United Kingdom, July 23 -- Hasbro has revealed it has taken a $56 million (£41m) non-cash write-down after cancelling several video game projects that had been planned for release from 2028 onwards.

The toy and gaming giant confirmed the charge during its earnings report for the second quarter ending June 28, 2026, saying it is narrowing its focus to projects with the strongest long-term commercial potential.

Chief executive Chris Cocks did not identify the cancelled games, although a Dungeons and Dragons title being developed by Giant Skull was previously scrapped earlier this year.

Speaking to investors, Cocks said Hasbro is becoming more selective with its digital investments.

He said: "We are focusing our digital investment b...