Funko Pops are still all the rage despite the company not having such a rosy time since it listed as a public company in 2017. The model maker has signalled a move to get into board games in a big way this week by buying the Seattle based Forrest Pruzan Creative.
Forrest-Pruzan Creative has a host of good board games with some top tier licences, including; Disney Villainous, Harry Potter: Hogwarts Battle, Bob Ross – Art of Chill and Choose Your Own Adventure – House of Danger.
The terms of the deal haven’t been discussed but Andy Forrest and Alan Pruzan’s company is around 20 people and so this deal isn’t likely to impact Funko’s financial performance this year.
In a statement, Funko President Andrew Perlmutter said;
“As we expand our product portfolio, we believe this acquisition is in line with what we are doing with apparel, accessories and Funko Animation Studios,”
The games category is another avenue to deliver pop culture to our ever-growing fan base. FPC’s nearly two decades of experience in developing high quality games will provide us added expertise as we leverage our existing IP and licensor portfolio into this category.”
Funko seems not to have been as badly hit by the fall of Toys’R’Us as Hasbro and Mattel. One reason why this may be the case is that the company ensures that no single retailer is responsible for more than 10% of its incoming.
The company is due to report its fourth-quarter earnings from last year come February 28th. We’ll get a look ahead to Funko’s guidance for the year ahead.
Source: Seeking Alpha.
Creative Commons credit: Funko Pop Collection by Needxxx.