We all know a number of animation followers and creatives are large followers of Funko and its memorabilia model Mondo. That’s why it was powerful to listen to the information that Funko is shedding most of Mondo’s workers, together with Mondo co-founders Rob Jones and Mitch Putnam and senior inventive director Eric Garza.
Mondo’s extremely prized, limited-edition film posters by acclaimed artists corresponding to Tom Whalen, Olly Moss, Shepard Fairey, Ken Taylor and Kevin Tong, have large followers world wide, as do its vinyl data of movie soundtracks and collectible toys. In response to a report in The Wrap, Funko can also be chopping The Lab division, which specialised in “cutting-edge experiences and merchandise.” If there’s a silver lining within the story it’s that Mondo’s vinyl and toys division continues to be alive and kicking—and that the corporate instructed Indiewire that it’s going to proceed to supply posters regardless of all of the layoffs and cutbacks.
The Austin-based firm was based in 2004 and was beforehand a subsidiary of the Alamo Drafthouse indie theater chain. Final yr, Funko purchased Mondo for $14 million after Alamo filed for chapter. Funko posted a internet lack of $46.7 million in its fourth-quarter earnings for 2022 and stated it could write down between $30 million and $36 million in stock for the primary half of 2023.
Sources: The Wrap, Indiewire
