JAKKS Pacific Board of Directors Announces Appointment of Michael J. Gross as New Member

SANTA MONICA, Calif.–(BUSINESS WIRE)–Leading U.S. toy and consumer products manufacturer JAKKS Pacific, Inc.
(NASDAQ: JAKK) today announced the appointment of Michael J. Gross as an
independent member of JAKKS board of directors. Mr. Gross is the Vice
Chairman of WeWork Companies, Inc., a privately held company which
develops collaborative office sharing sites throughout the world. He
joined the company as Chief Financial Officer in 2013. Prior to joining
WeWork, Mr. Gross was CEO of Morgan’s Hotel Group and served as a member
of its Board of Directors.

“Michael brings to our Board broad managerial, financial and strategic
planning skills,” noted Stephen Berman, Chairman and CEO of JAKKS. “We
look forward to his insights in assisting the Company’s future growth
and development,” added Berman.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: 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 BIG-FIGS™, XPV®, Max Tow™ and
Friends, Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®, as
well as a wide range of entertainment-inspired products featuring
premier licensed properties. 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
).

©2016 JAKKS Pacific, Inc. All rights reserved.

Contacts

JAKKS Pacific, Inc.
Sara Rosales Montalvo, 424-268-9363
SaraRM@jakks.net