MGA ENTERTAINMENT HIGHLY CONCERNED ABOUT EFFECT OF CORONAVIRUS ON ITS EMPLOYEES AND OTHERS, ASKS U.S. GOVERNMENT TO STOP WHITEWASHING AND TELL THE TRUTH

MGA Entertainment CEO and Founder, Isaac Larian, Declares: “We’re on the verge of a major worldwide humanitarian crisis”

Chatsworth, Calif. (February 7, 2020) – MGA Entertainment (MGAE) CEO and Founder, Isaac Larian, has monitored the worldwide effects of the Coronavirus, and like many has become increasingly concerned about his MGAE employees in Hong Kong and mainland China, as well as the world. Since all businesses and factories were forced to close 14 days ago, Larian has continued to obtain real-time status updates. According to reports, earlier today leaders of Foxconn, the biggest factory in China which makes Apple iPhones and other electronics, told their factory workers not to return February 10, which is two weeks later than the original return date following closures for Chinese New Year.

After hearing this news today, Larian issued the following:

“The world is on the verge of a major worldwide humanitarian crisis. The biggest toy factory in China just extended its closure by yet another week; I am sure they will extend again. The Coronavirus is not solely China’s problem – the spread of the virus and the implications of the virus will impact more than those who have been or will be afflicted by it – it will impact the global economy.”

After reading and seeing news reports about the lack of supplies and medicine available to citizens, Larian and his employees around the world acted yesterday.

“People who live in China and Hong Kong don’t have masks and medicine that they desperately need in order to combat the proliferation of this virus. MGA airlifted 6,000 masks and anti-viral treatments and sent to our MGAE Hong Kong and China employees. We will provide additional support next week.”

As a global business leader, Larian is keenly aware of the ramifications the virus will have on the toy industry and the world economy.

“Leaders in the U.S. Government, specifically in the White House, who imply that the USA is immune from this pandemic are out of touch. This crisis will bring the biggest recession to ever hit the world economy if it is not dealt with now. It’s time that we all put our differences and nationalism aside and combat this monster that is threatening humanity.”

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