I own my reproduction of the doll, as I made it. I don't own the character though. Derpy, the show character and all official Hasbro toys of her (which don't exist yet), are owned by Hasbro, but everything else belongs physically to whoever makes it. Supposedly they could try and call copyright infringement, and I would probably lose, but they won't.



It's the same idea that people can make pillows of Disney characters or something for tag sales, or paint images of photographs: They don't own the original or even claim to. While I don't know the full extent of the legality behind it I do know it's not enforced if it exists. If those three nightmare bills (SOPA, PIPA, ACTA) ever pass though, there may be trouble.