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Description

1st MLP: FIM  
2nd The Transformers G1  
3rd G.I. Joe: A Real American Hero.
 
The Ponies has completely overthrown these two!!!

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Background Pony #4E88
All three of these 2D animated Hasbro cartoons have featured length films that were animated with 2D visuals and 3D effects and based off on and set during these three tv shows. First comes the Tranformers movie, the G.I. Joe movie, and finally the My Little Pony movie. All three have a pilot episode as a story-arcs splitting up into more than one. Both G.I. Joe and My Little Pony have feature length films that nearly killed off its main/lead character/face of franchise. But the Transformers movie killed off Optimus Prime in the Tranaformers movie but bring him back at the end of season three. Both Transformers and My Little Pony have the final two season two ok place after the movie. Both Transformers and My Little Pony have a three-part series finale. And both Transformers and My Little Pony don’t have sequel series. But the G.I. Joe cartoon does. Except it was animated by DIC instead of Sunbow.
DJ1107

@FairJustice
They were the longest running series based on Hasbro property until Friendship is Magic overtook them. I’m not sure if there are any other toy based/merchandise driven shows that have run longer.
 
Super Sentai? That’s been going on for almost 40 years in Japan.
Vivacious Sun

It’s probably due to flash animation being kinda cheap to do, what with wrangling puppets around instead of old traditional drawings that they’ve kept the property going for so long.
Registered Anon
My Little Pony - 1992 Edition
Wallet After Summer Sale -
Not a Llama - Happy April Fools Day!
Squirrel - Had a squirrel badge before it was cool
The End wasn't The End - Found a new home after the great exodus of 2012

Drama in the comments
@FairJustice  
They were the longest running series based on Hasbro property until Friendship is Magic overtook them. I’m not sure if there are any other toy based/merchandise driven shows that have run longer.