Leading pop culture company expands product line with newest vinyl collectible figure collection HeroWorld available exclusively at Target
EVERETT, Wash. , Jan. 11, 2018 (GLOBE NEWSWIRE) -- 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).
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.
Jessica Liddell/Julia Young, ICR
Source: Funko, Inc.