Item 8.01 Other Events

On April 29, 2009, Hasbro, Inc. ("Hasbro"), entered an agreement with Discovery Communications, LLC, a Delaware limited liability company ("Discovery") and Discovery's ultimate parent, Discovery Communications, Inc., a Delaware corporation ("DCI") which provided that upon the closing (the "Closing") of the transactions contemplated by the agreement, Hasbro would purchase a 50% interest in a limited liability company subsidiary of Discovery (hereafter referred to as the "Joint Venture") which would own the Discovery Kids Network in the United States, and Hasbro would enter into various other arrangements related to the Joint Venture. This agreement and these arrangements were described in a Current Report on Form 8-K filed with the Securities and Exchange Commission on April 30, 2009.

The Closing took place on May 22, 2009 and Hasbro has now completed its purchase of a 50% interest in the Joint Venture from Discovery for a purchase price of $300 million. A copy of the May 22, 2009 press release announcing the Closing is attached as exhibit 99 to this report.

Hasbro has funded this purchase price from available cash and portions of the proceeds of its offering of $425 million in aggregate principal amount of 6.125% Notes which were issued on May 13, 2009 (the "May Debt Offering").

Hasbro had previously obtained a financing commitment from Bank of America, N.A. and RBS Citizens, N.A. providing Hasbro with the ability to borrow up to $200 million for up to one year (the "Financing Commitment"), subject to customary borrowing conditions, including the absence of a material adverse event impacting Hasbro's business. This financing commitment could have been utilized to pay a portion of the purchase price for the 50% interest in the Joint Venture. However, upon the closing of the May Debt Offering Hasbro terminated the Financing Commitment. No amounts were borrowed pursuant to the Financing Commitment.