New 5 Star Line of Vinyl Figures to Launch First with Harry Potter Inspired Series
EVERETT, Wash., May 16, 2018 (GLOBE NEWSWIRE) — Funko, Inc. (“Funko,” or the “Company”) (Nasdaq:FNKO), a leading pop culture consumer products company, today announced the launch of 5 Star, its newest brand and collection of vinyl collectible figures. Warner Bros. Consumer Products has collaborated with Funko to launch the first 5 Star series of vinyl collectible figures which will feature fan favorite characters from the beloved Harry Potter™ film series.
“We are thrilled to collaborate with Warner Bros. Consumer Products to unveil our newest brand, 5 Star, which offers fans both opportunities for play and storytelling as stylized vinyl figures within collectible packaging,” said Brian Mariotti, CEO of Funko. “As we continue to expand our product offerings across categories, Funko plans to offer retailers a more curated assortment of licensed pop culture products. Featuring a fresh approach to packaging, stylization and articulation that offers more ways to play and display, 5 Star will allow fans to explore their favorite characters and worlds. We couldn’t imagine a better place to start than within the Wizarding World.”
The new collection continues the Funko tradition of creating distinct and whimsical designs that inspire fans to connect with their favorite pop culture characters and stories. With Funko’s attention to detail and characterization, the new 5 Star brand is designed to offer several unique features including three points of articulation, window display box packaging situating each character in its own unique world and thoughtful accessories that further the character’s narrative. While the initial collection will launch with Harry Potter™, Funko plans to expand the line to additional licenses later this year, including DC.
Funko anticipates that the 5 Star Harry Potter inspired figure collection will be available in July 2018 and that each figure in the collection will retail for $10 each. Each three-inch vinyl figure will be accompanied by an animal companion such as Hedwig the owl or an iconic character-defining object such as Harry’s wand.
5 Star is the latest brand to join the Funko portfolio which includes Pop!, Mystery Minis, Dorbz, Pint Size Heroes, Rock Candy, SuperCute and Loungefly.
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).
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, J.K. Rowling’s 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 (opening 2018). 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.
HARRY POTTER characters, names and related indicia are © & ™ Warner Bros. Entertainment Inc. Publishing Rights © JKR. (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 our launch of 5 Star; plans to offer retailers a more curated assortment of licensed pop culture products; product pricing; future product offerings; product release dates and product features. 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 quarterly report on Form 10-Q for the first quarter of 2018 and our 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 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.
Julia Young, ICR
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/c97e0165-7e5f-4a5d-bf91-0eeccd458cb4