Funko acquires Mondo from Alamo Drafthouse
The high-end collectible company creates vinyl records, posters, soundtracks, toys, clothing, books, games and other collectibles.
Funko has officially acquired Mondo, the merchandise arm of Alamo Drafthouse. Founder and President of Alamo, Tim League, and the Mondo team made the official announcement today. People will recognize the American company for the premium merchandise for their favorite TV shows, movies, music, and more. They are known for selling quality posters, apparel, vinyl, and VHS, among other things.
The company was started in 2004 by League as a way to introduce the public to the designers’ original works of art. The designers behind much of Mondo’s merchandise include Becky Cloonanthe first female artist to draw the main Batman title for DC, Olly Mossand Wytchs comic book artist Jock.
The other good news surrounding the announcement is that Mondo’s team should stay together after the acquisition. League discussed the acquisition of Funko Inc., saying it’s “very confident” the transition to Funko will be “nothing short of wonderful” and gave a final thank you to the Mondo team, saying:
The team that made Mondo amazing is staying together, transitioning to Funko, and will continue their same work with the same creative vision. I’m super excited about the future plans I know of, and I’m sure I’ll soon be marveling at the work that isn’t even a light bulb spark yet… I offer my sincere thanks to the entire team for nearly two decades of tireless dedication and craftsmanship. You have certainly made my adult life so much better.
The Mondo team also issued a statement thanking Alamo Drafthouse and welcoming Funko, saying:
We’ve always loved following our passions and doing things our way, and we’ll be forever grateful to Alamo Drafthouse for supporting those passions and helping us become who we are today. But we needed a bigger boat…and that’s where Funko comes in. They understand what Mondo is today and are eager to help us become the company we want to be.
We’re still the same company that started in the theater lobby…only now with even more resources to support our vision. We can’t wait to show you what’s next.
Funko Inc., known for its bobbleheads, figurines, action figures, and more, is no stranger to the merch market. The company was founded in 1998 with the idea of producing nostalgia-focused toys and collectibles, with its first version of the bobblehead being the mascot for the Big Boy fast food restaurant. After being sold to CEO Andrew Perlmutter, licensing to major companies such as Warner Bros., Nickelodeon, and Disney, expanded the company’s line of items, bringing it into the mainstream. Personally, I can’t think of anyone who doesn’t have some type of Funko Pop! collectible, honestly.
With the likes of Loungefly, also under the Funko banner, we’ll likely see more ideas and broader franchise coverage with the releases. However, according to League’s statements, there is no need to worry about the quality for those who like Mondo. It’s not going anywhere.