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Funko CEO Says Mondo Movie Poster Business Will Continue but Will End ‘Extremely Limited Runs’ That Limit Access ‘Unfairly’

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Brian Mariotti, CEO of Funko, posted a message to fans of Mondo, the high-end collectibles company it acquired last year, after Mondo was hit with layoffs — including the team leading its pos…

Thursday, Mariotti confirmed that there were layoffs at Mondo but said “the majority of the companywide layoffs weren’t in Mondo.” He also wrote that contrary to early reports last week that Mondo was shutting down the posters division, “the Mondo posters business will continue, period.”

In addition, Mariotti said in the message, Funko will be “investing heavily” in production of vinyl records in the near future, with plans to build a nearly 70,000-square-foot space in San Diego that will be a combination of record-pressing factory, “record store of the future” and live music event space. Plans for the San Diego venue also include a 4,000-square-foot dedicated Mondo art gallery.

While we did reduce our overall workforce by about 10% across Funko, the majority of the company-wide layoffs weren’t in Mondo.

 

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none of the top poster talent wants to work with Mondo any more, so good luck with that! look forward to seeing the prints in Walmart.

Aka we can charge the same and print as many as we want.

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