G.I. Joe Captures Discovery Kids -- Rebranded Channel Will Be Like Disney, But With Rifles

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G.I. Joe and the rest of Hasbro finally inked a $300 million deal with the Discovery Channel for a joint venture that in effect rebrands Discovery Kids as purely an outlet for the toymaker's products, but under the guise of a cable channel.

Pushing product: It's kind of like the relationship that MSNBC already has with its parent, G.E. (Ask Keith Olbermann.)

The mind-boggling Hasbro/Discovery deal, aiming at those of you 14 and under, has been in the works for a few months, drawing heavy fire before G.I. Joe and My Little Pony trampled critics. Campaign for a Commercial-Free Childhood — good luck with that — had said of the deal:

"The planned network is the latest indication that the deregulation of children's television has been an unmitigated disaster for children and families; no longer do companies feel compelled to even pretend that their programming is beneficial for children or about anything but pushing product."

And push product it will. Very true that there's no pretense whatsoever. Hasbro President and CEO Brian Goldner says: "We look forward to creating fun, stimulating and educational content that will allow us to deliver all-new brand experiences to the young and 'young at heart' - anywhere and anytime they want."

Discovery's already making a profit, so it wasn't exactly forced into the deal. The rebranded network is scheduled to debut in late 2010.