JAKKS Pacific Officially Inks Deal with Paramount Players for Creepy Crawlers Feature Film

JAKKS Pacific, Inc. JAKK, a leader in children's entertainment, today announced Paramount Players, a division of Viacom's VIAB VIA Paramount Pictures Corporation, has officially acquired the feature film rights to CREEPY CRAWLERS™, the iconic toy brand owned by JAKKS Pacific.

Neal H. Moritz will produce and Marc Gurvitz and Stephen Berman will serve as executive producers of the feature film. Ali Bell and Royce Reeves-Darby will be overseeing the project for Paramount Players.

"Paramount and Viacom are best-in-class partners. We are thrilled to be in collaboration with this powerhouse team, including Neal Moritz, on the development and production of a CREEPY CRAWLERS™ feature film for Family audiences around the world," said Stephen Berman, Chairman and CEO of JAKKS.

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom VIAB VIA, a leading content company with prominent and respected film, television and digital entertainment brands. Paramount controls a collection of some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, Paramount Television, Paramount Players, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. JAKK is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific's popular proprietary brands include Perfectly Cute™, Real Workin' Buddies™, Squish-Dee-Lish™, XPV®, Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®; a wide range of entertainment-inspired products featuring premier licensed properties; and C'est Moi™, a youth skincare and make-up brand. Through JAKKS Cares, the company's commitment to philanthropy, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkstoys), Twitter (@jakkstoys) and Facebook (JAKKS Pacific).

©2018 JAKKS Pacific, Inc. All rights reserved.

Forward Looking Statements

This press release may contain "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. The "forward-looking statements" contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.

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