
Alarming situation regarding the Care Bears that will likely need to be verified somehow and discussed regarding what to do.
I hate to be the bearer of bad news for the Care Bears, but I just found this out from another Care Bears group and thought I needed to share it here.
Hey, sorry for the alert, but this is quite serious.
The Care Bears IP has recently been bought out by ABG, Otherwise known as "Authentic Brands Group". A company that directly purchases any brand that is struggling with finances or has become bankrupt/debt-heavy just to essentially suck the brand dry of all possible money before abandoning it.
The reason this is important is because they support unethical labour practices, child labour, Generative AI usage and are willing to do anything just to increase their profit.
They are directly connected to Shien and the practices of that company, as well as its partner company Temu. The playbook is simple. They wait for any beloved brand to hit financial trouble, buy it out, including all names, trademarks and merch rights, and then strip out whatever made the thing worth buying. They then license the brand to third parties, which do all the work. Including ones that lobby or fund many sorts of right-wing political parties. And then they kill it.
You may also know about the recent collabs that Care Bears has done, which directly support companies with interests that go against human rights and the LGBTQ+ community. Such as Harry Potter. This will only get worse under ABG. Unfortunately there may not be much that can be done about this. However, the best-case scenario is that they realise that they need to treat the IP with respect and respect the fan base of Care Bears.
I'm being told at this time that the best thing we can do is to boycott Care Bears and all Care Bears merch/material until they understand, but I do beg to wonder if there is anything else we can do. But even if this goes in the right direction. Money will still go directly to ABG from supporting Care bears and will support their practices.