In an official statement issued, the license agreement covers original Cartoon Network properties for the 6 to 11 age group and also carries a first-look option on all newly created original series and programming.

As per the deal, Mattel will have licensing rights to multiple toy and games categories including vehicles, action figures, playsets, role-play, board games, puzzles, and youth electronics items for the Cartoon Network brand as well as shows including Fosters Home for Imaginary Friends, The Powerpuff Girls, Camp Lazlo, Ed, Edd n Eddy, The Grim Adventures of Billy & Mandy, the newly launched My Gym Partner's a Monkey and The Life & Times of Juniper Lee. Existing relationships for other original series will remain unaffected by the deal.

Mattel has licensing deals with Viacom Inc.'s Nickelodeon and movies studios as Warner Bros. and Disney-Pixar.

"We are pleased to be aligning the Cartoon Network brand with one of the world's largest and most respected toy companies, setting the stage for great success in the all important toy and games category," Turner Entertainment sales and marketing president David Levy says. "We've always had a very strong relationship with Mattel as an advertiser and now we are extending that into consumer products. This will enhance the brands of both companies by combining our assets as a leading entertainment company with their expertise in the global toy market."

In 2007, the first product lines to come to market under the agreement will be toys based on one of Cartoon Network's most successful series, the Emmy-winning Foster's Home for Imaginary Friends, created by Craig McCracken, the visionary behind The Powerpuff Girls. Products for Ed, Edd n Eddy, Camp Lazlo and The Grim Adventures of Billy & Mandy will also debut in 2007.

"We're confident that combining Cartoon Network's strength in creating original, quality programming with Mattel's expertise in developing innovative products will engage kids in new ways," Mattel Brands president Neil Friedman says. "By leveraging the Cartoon Network brand as well as their original content, we're opening up a whole new type of creative and licensing partnership."