Funko Launches New Collection Exclusively at Target
January 11 2018 - 8:30AM
Funko, Inc. ("Funko,” or the “Company”) (Nasdaq:FNKO), a leading
pop culture consumer products company, today announced the launch
of HeroWorld, its newest vinyl collectible figures collection. The
collection is exclusively available at Target and Target.com and
will connect fans of all ages to their favorite iconic heroes.
The new collection includes exclusive figures from multiple,
leading pop culture properties, including DC Comics, Five Nights at
Freddy’s, Teen Titans Go!, Power Rangers and Scooby-Doo. The
four-inch vinyl figures continue in the Funko tradition of creating
distinct and whimsical designs that we believe will inspire fans to
connect with their favorite pop culture content and build their
collections.
“HeroWorld is about expanding our universe of collectible
figures across multiple pop culture licenses for younger
audiences,” said Andrew Perlmutter, President of Funko. “We are
very excited about this new collection and as we continue to
introduce new innovative products designed to facilitate fan
engagement.”
The HeroWorld collection features curated sets of five or two
figures, retailing for $14.99 and $6.99 respectively. In addition
to this exclusive new collection, Target has agreed to reveal a
new, limited-edition Funko figure starting on January 5, 2018 and
continuing every Friday for eight weeks.
About Funko, Inc.
Headquartered in Everett, Washington, Funko is a leading pop
culture consumer products company. Funko designs, sources and
distributes licensed pop culture products across multiple
categories, including vinyl figures, action toys, plush, apparel,
housewares and accessories for consumers who seek tangible ways to
connect with their favorite pop culture brands and characters.
Learn more at https://funko.com/, and follow us on Twitter
(@OriginalFunko) and Instagram (@OriginalFunko).
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including statements regarding the
impact of Funko’s designs and Funko’s future collaboration with
Target. These forward-looking statements are based on management’s
current expectations. These statements are neither promises nor
guarantees, but involve known and unknown risks, uncertainties and
other important factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, but not limited to, the
following: our ability to maintain and realize the full value of
our license agreements; the ongoing level of popularity of our
products with consumers; changes in the retail industry and markets
for our consumer products; our ability to maintain our
relationships with retail customers and distributors; our ability
to compete effectively; fluctuations in our gross margin; our
dependence on content development and creation by third parties;
our ability to develop and introduce products in a timely and
cost-effective manner; our ability to obtain, maintain and protect
our intellectual property rights or those of our licensors;
potential violations of the intellectual property rights of others;
our ability to attract and retain qualified employees and maintain
our corporate culture; risks associated with our international
operations; changes in U.S. tax law; foreign currency exchange rate
exposure; the possibility or existence of global and regional
economic downturns; our dependence on vendors and outsourcers;
risks relating to government regulation; risks relating to
litigation, including products liability claims and securities
class action litigation; any failure to successfully integrate or
realize the anticipated benefits of acquisitions or investments;
reputational risk resulting from our e-commerce business and social
media presence; risks relating to our indebtedness and our ability
to secure additional financing; the potential for our electronic
data to be compromised; the influence of our significant
stockholder, ACON, and the possibility that ACON’s interests may
conflict with the interests of our other stockholders; risks
relating to our organizational structure; volatility in the price
of our Class A common stock; and the potential that we will fail to
establish and maintain effective internal control over financial
reporting. These and other important factors discussed under the
caption “Risk Factors” in our filings with the Securities and
Exchange Commission could cause actual results to differ materially
from those indicated by the forward-looking statements made in this
press release. Any such forward-looking statements represent
management’s estimates as of the date of this press release. While
we may elect to update such forward-looking statements at some
point in the future, we disclaim any obligation to do so, even if
subsequent events cause our views to change. These forward-looking
statements should not be relied upon as representing our views as
of any date subsequent to the date of this press release.
Media Contact:Jessica Liddell/Julia Young,
ICRFunkoPR@icrinc.com203-682-8200
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