Wizards of the Coast president to leave position as Magic: The Gathering hits record $500M earnings

Q: How long is John Hight expected to serve in the advisory role at Wizards of the Coast?

John Hight is expected to serve a full year in the advisory role starting in September.

Q: What responsibilities will John Hight have while serving as an advisor to the CEO?

Hight will "have such duties and responsibilities as are reasonably assigned by the CEO from time to time," specifically including assisting with transitional efforts and the successful onboarding of a successor President of Wizards of the Coast. He is expected to serve in that advisory role for a full year.

Q: How did Magic: The Gathering perform financially during John Hight's recent tenure?

During John Hight's recent two-year leadership, Magic: The Gathering delivered record financial results, including achieving $500 million in earnings in a single quarter, the most the CCG has ever made. The game generated "mega-millions" for Hasbro, driven by cross-franchise promotions and brand deals such as Marvel crossovers that produced major sales surges. Other Magic segments continue to be strong with multiple brand deals and new sets planned.

Wizards of the Coast president John Hight will take on a reduced advisory role in September, just months after Magic: The Gathering achieved mega sales.

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Derek Strickland

Senior Gaming Editor

Published Jul 28, 2026 2:41 PM CDT

1-minute read time

TL;DR: John Hight will step down as Wizards of the Coast president in September to become an advisor for one year while a successor is onboarded. During his two-year tenure, Wizards' Magic: The Gathering reached a record $500 million quarter aided by cross-franchise promotions, even as Hasbro cut gaming projects and took a $56 million impairment charge.

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Leadership is changing at Wizards of the Coast, the label behind the highly profitable Magic: The Gathering collectible card game.

Wizards of the Coast president to leave position as Magic: The Gathering hits record $500M earnings 1

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According to a recent SEC filing spotted by Game Developer, Wizards of the Coast president John Hight will leave his position and take on an advisory role starting in September.

Hight is expected to serve a full year in the advisory role, and will "have such duties and responsibilities as are reasonably assigned by the CEO from time to time, including assisting with transitional efforts and the successful onboarding of a successor President of Wizards of the Coast for the Company."

Read more: Magic: The Gathering makes history with $500 million earned in a single quarter

The executive helped lead the popular WotC brand over the last two years, earning mega-millions for Hasbro in the process. Wizards' profitable and highly popular Magic: The Gathering card game recently broke sales milestones by achieving $500 million in earnings in a single quarter--more than the CCG has ever made before. MTG's cross-franchise promotions and brand deals have led to major surges in sales, especially the Marvel crossovers.

On the interactive front, Hasbro has dialed back its gaming ambitions by cancelling multiple games. This led to a $56 million impairment charge for Hasbro, showing that the company is taking a more disciplined and risk-averse approach to gaming. Hasbro still has other major video game projects in development including Exodus, a new sci-fi action adventure game from Archetype Entertainment that's coming to PS5, Xbox Series X/S, and PC in 2027.

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Question #1

How long is John Hight expected to serve in the advisory role at Wizards of the Coast?

Question #2

What responsibilities will John Hight have while serving as an advisor to the CEO?

Question #3

How did Magic: The Gathering perform financially during John Hight's recent tenure?

Question #4

Which cross-franchise promotions are mentioned as driving recent MTG sales growth?

The article cites cross-franchise promotions and brand deals in general, specifically highlighting the Marvel crossovers as driving recent MTG sales growth.

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