Mattel Inc. MAT, -5.76% said late Thursday it has entered a three-year licensing agreement involving the "Despicable Me" franchise. The agreement covers products such as action figures, play sets, plush toys, and others, Mattel said. The line will debut at retailers worldwide ahead of the franchise's Minions movie in the summer of 2020. "Mattel is committed to strategic collaborations with globally-recognized franchises, which are helping to drive our transformation into an IP-driven, high-performing toy company," the toy maker said in a statement. Shares of Mattel were flat in the extended session Thursday after ending the regular trading day down 0.9%.