Barbie ditches her Malibu dream house
Mattel says the famous doll will introduce a new dream house in 2013. But is it another desperate move from a struggling toymaker?
Barbie's ditching her life in Malibu after residing in the glitzy California seaside town since 1971.
It may be a long overdue move. After all, there's something, well, dated about Malibu, which was a byword for California-style living in the 1970s and 1980s, inspiring a 1983 television movie starring Susan Dey of the 1970s sitcom "The Partridge Family" and the Malibu sedan from Chevrolet.
Mattel and other toymakers are suffering from an economy that's still recovering from the recession and kids who increasingly would rather play "Angry Birds" on their parents' iPhones than with a physical toy.
Barbie's home search is one way Mattel is trying to generate new interest in the doll. Millions of women who grew up playing with the Barbie Malibu Dreamhouse and Malibu Barbie might be interested to follow along as the doll searches for her new home, which hasn't yet been "found."
Mattel is combining virtual and real aspects in the doll's move. It's listed the fictional Malibu Dreamhouse for a whopping $25 million on real estate site Trulia (TRLA), where fans and the merely nosy can view photos of Barbie's "bachelorette compound" complete with pink "granite" countertops and heated pink "marble" flooring (the house's decorating theme is best described as "pink plastic").
So where is Barbie moving? Mattel plans to keep that under wraps until the fall, when it will announce her new dream house and release a new playset -- just in time for the holiday shopping season.
Rather than asking consumers and fans to suggest locations for her new house, Mattel has tapped a team of designers to help make the decision.
Fans from more than 185 countries participated in the Monopoly campaign, which asked people to vote on Facebook about which tokens to keep. In the end, the iron was booted and a new cat token will be introduced later this year.
As for Barbie, her house will be listed by Josh Altman of Bravo's "Million Dollar Listing: Los Angeles," who says he'll be happy to show her houses all over the world.
According to the New York Times, Altman noted, "And Ken is fine with whatever she wants to do."
More on moneyNOW
I miss the days when there were only a few Barbie's to choose from and you could buy the clothes separately. Now it seems like you have to buy a doll for each outfit.
We didn't have much money so my Barbie drove a shoebox and she had a water bed made from the plastic bag that they would put your Sunday papers in when it was raining. My Barbie dated my neighbors GI Joe and we'd take his Jeep!
Here's a taste of her profile:
Name: Barbie Mattel
Occupation: Socialite, Inheritance
Spouse: 1-Ken Mattel (divorced)
Net Worth: ?
Anyway - as for the Malibu Dream House, seems things are hard-up for Barbs these days and she needs the money or else faces foreclosure from back taxes owed to the IRS. Wow - we all knew that Ken was a lazy no good bastard, but she wouldn't listen. Now she's paying for it literally with monthly alimony payments to guess who. It's all his fault!
Maybe Barbie should move to China where all the jobs are. Maybe Dubai ?
Barbie had great fashions and accessories when she first came out, then she went schlock, cheap and chintzy.
Now I wouldn't bother with her, she's not worth the surface giltz, and those houses never did stay together.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
More Market News
The solid report comes a month after the retailer closed all of its Canadian operations.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'