EVERETT, WA, (October 4, 2018) – Funko, Inc. ("Funko””) (Nasdaq: FNKO), a leading pop culture consumer products company, in partnership with Warner Bros. Consumer Products (WBCP) and DC Entertainment, today announced the launch of DC Primal Age, a new line of action figure toys featuring retro-style barbarian fantasy themed Super Heroes and Super-Villains from the DC universe. The inaugural line will be available for purchase starting October 5, 2018 on Amazon.com.
The first wave of the DC Primal Age branded collection will include eight, five-and-a-half-inch tall action figures, featuring the iconic DC Super Heroes and DC Super-Villains everyone knows and loves as well as two “beast rides” and a full size Batcave playset. To celebrate the launch, Funko, Warner Bros. Consumer Products and Amazon will be giving away 10,000 DC: Primal Age Mr. Freeze action figures today at the 2018 New York Comic Con. Lucky fans will be able to grab the first DC: Primal Age Mr. Freeze at one of two locations, including the Funko Booth (# SC01) and the DC Booth (# 722) at the Javits Center in New York.
“We are excited to finally unveil this new retro line of action figures that pays homage to the unique design that we all remember from the DC comic books of the seventies and eighties,” said Brian Mariotti, CEO of Funko. “It's been an incredible experience to bring this nostalgic spin to the iconic Super Heroes and Super-Villains of the DC Universe in a true Funko fashion. The new collection is a great example of our strong relationships with our licensors who trust us to deliver our own take on their popular characters. We continue to see a fantasy renaissance in consumer demand and we look forward to sharing this new concept with our fans.”
“We partnered with Funko to create a collection that would spark the nostalgia of DC fans yet give them an all new way of viewing their favorite DC Super Heroes and Super-Villains,” said Julian Montoya, senior vice president, global toys, Warner Bros. Consumer Products. “Then we launched the innovative toy line in a fun way to engage and excite fans, who are at the center of everything that we do.”
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).
About Warner Bros. Consumer Products
Warner Bros. Consumer Products (WBCP), a Warner Bros. Entertainment Company, extends the Studio's powerful portfolio of entertainment brands and franchises into the lives of fans around the world. WBCP partners with best-in-class licensees globally on an award-winning range of toys, fashion, home décor, and publishing inspired by franchises and properties such as DC, the Wizarding World, Looney Tunes and Hanna-Barbera. The division's successful global themed entertainment business includes groundbreaking experiences such as The Wizarding World of Harry Potter and Warner Bros. World Abu Dhabi. With innovative global licensing and merchandising programs, retail initiatives, promotional partnerships and themed experiences, WBCP is one of the leading licensing and retail merchandising organizations in the world.
About DC Entertainment
DC Entertainment, home to iconic brands DC (Superman, Batman, Green Lantern, Wonder Woman, The Flash), DC Vertigo (Sandman, Fables) and MAD, is the creative division charged with strategically integrating across Warner Bros. and WarnerMedia. DC Entertainment works in concert with many key Warner Bros. divisions to unleash its stories and characters across all media, including but not limited to film, television, consumer products, home entertainment, and interactive games. Publishing thousands of comic books, graphic novels and magazines each year, DC Entertainment is one of the largest English-language publishers of comics in the world.
All DC characters and elements © & ™ DC Comics. (s18)
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 Funko's launch of the DC: Primal Age action figure collection; anticipated fan reaction; merchandise strategy ; future product offerings; product release dates and product features. These forward-looking statements are based on Funko 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 Funko's 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: Funko's ability to maintain and realize the full value of its license agreements; the ongoing level of popularity of Funko products with consumers; changes in the retail industry and markets for Funko consumer products; Funko's ability to maintain relationships with retail customers and distributors; Funko's ability to compete effectively; fluctuations in Funko's gross margin; Funko's dependence on content development and creation by third parties; Funko's ability to develop and introduce products in a timely and cost-effective manner; Funko's ability to obtain, maintain and protect its intellectual property rights or those of its licensors; potential violations of the intellectual property rights of others; Funko's ability to attract and retain qualified employees and maintain its corporate culture; risks associated with Funko's international operations; changes in U.S. tax law; foreign currency exchange rate exposure; the possibility or existence of global and regional economic downturns; Funko's 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 Funko's e-commerce business and social media presence; risks relating to Funko's indebtedness and its ability to secure additional financing; the potential for Funko's electronic data to be compromised; the influence of Funko's significant stockholder, ACON, and the possibility that ACON's interests may conflict with the interests of Funko's other stockholders; risks relating to Funko's organizational structure; volatility in the price of Funko's Class A common stock; and the potential that Funko will fail to establish and maintain effective internal control over financial reporting. These and other important factors discussed under the caption “Risk Factors” in Funko's quarterly report on Form 10-Q for the second quarter of 2018 and its other 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 Funko management's estimates as of the date of this press release. While Funko may elect to update such forward-looking statements at some point in the future, Funko disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing Funko's views as of any date subsequent to the date of this press release.