My Little Pony gets new life as TV series!

From the Hollywood Reporter:

"My Little Pony" may become the first Hasbro property to spawn a TV series for the upcoming kids cable channel, a joint venture between Hasbro and Discovery.

The newly formed Hasbro Studios, which is designed to be a main supplier of the new channel, has put "Pony" on a fast development track.

Hasbro Studios had been looking into several Hasbro brands as potential series vehicles. "Pony" emerged as a frontrunner following the strong showing of one-hour special "My Little Pony: Twinkle Wish Adventure" on the Disney Channel Nov. 6.

"The runaway success of 'My Little Pony' on the Disney Channel affirms our belief in the long-term value of this project," said Hasbro Studios president Stephen Davis.

"Pony" will undergo a multi-platform development for TV as well as video game and other digital extensions.