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originalfunko Toy Fair New York 2020 Reveals: Paka Paka - Boo Hollow!
originalfunko Coming soon: Pop! Icons - Ninja @Ninja #ninja #loaded #funko #pop #funkopop
originalfunko A NEW episode of the Funko Funkast "Getting to Know - Unboxing the Unboxers 2.0" is here!🎧 Listen to the Funkast on iTunes, Google Play, SoundCloud, Spotify, YouTube or Funko.com
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. ("Funko,” or the “Company”) (Nasdaq: FNKO), a leading pop culture consumer products company, today announced that due to the uncertainty of the COVID-19 crisis, it is taking the following actions to enhance its financial flexibility:Beginning on April 5th, Funko will furlough a significant portion of its employees. Affected employees will maintain their health benefits, and subject to local regulations, will also be able to access unemployment benefits;Implementing salary reductions across the executive team as well as members of upper level management;Executing reductions in operating expenses and non-product development capital expenditures; andProactively managing working capital, including reducing incoming inventory to align with anticipated sales.In addition to these actions, Funko is evaluating further options to increase flexibility and retain liquidity. Since December 31, 2019, the Company repaid all outstanding borrowings on its $75 million revolving credit facility and subsequently drew down approximately $29 million. As of March 31, 2020, the Company expects to have over $50 million of cash on hand and $46 million of availability on its revolving credit facility.“During this uncertain and unprecedented time, it is essential we take actions to best position Funko for our employees, partners and shareholders,” stated Brian Mariotti, Chief Executive Officer. “We are making difficult decisions that we believe will put us in a position of strength to navigate this crisis and support the long-term health of our Company.”
originalfunko Check out our latest Tupac Pop! Which music Pop! should we make next?
originalfunko Coming soon: Pop! Movies - Back to the Future
originalfunko Funko Shop Exclusive Item: Vinyl SODA: Freddy Funko Live at 11AM PDT. Limit of 2 items.
originalfunko Funko Shop Item: Pop! Animation: 10" Huckleberry Hound Live at 11AM PDT. Limit of 2 items.
There's no need to wait until the end of October to scare the dickens out of your family and friends when you can do it now and have barrels of fun at the same time! Join us in celebrating Funkoween, May 18-22, where you can capture Pop! Vinyl figures, key chains, and more featuring your favorite Marvel characters as zombies, as well as frightening standouts from horror films like Killer Klowns from Outer Space, Zombieland, The Craft, and Creepshow. There's even a 10-inch tall Chucky! Plus, brand-new Funko Pop!s and mini-figures will launch throughout Funkoween week. Check back every day to see what's new so you don't miss out!
originalfunko Funko Shop Item: Pop! Myths: 6" Kraken Live at 11AM PDT. Limit of 2 items.
Funko layoffs will cost about 250 jobs at Everett-based pop culture marketer Funko, the Everett-based designer and marketer of pop culture figurines, will cut a quarter of its global workforce, laying off about 250 people as it copes with the economic fallout of the COVID-19 pandemic.The company said in a brief regulatory filing late Wednesday it expects “a majority of the workforce reduction” will take place by the end of June, and the rest by the end of the third quarter, meaning September.Funko CEO Brian Mariotti told shareholders during a virtual annual meeting May 27 that in response to the pandemic, the company initially “closed all of our corporate offices and our 2 flagship retail stores,” and added safety precautions at its distribution centers. It also has “accelerated the expansion of Funko’s e-commerce platform,” he said.The company said in April it was furloughing a “significant portion” of its employees, and that top management would take a 20% pay cut through the end of June.According to its year-end filing with the Securities and Exchange Commission, Funko had 744 employees in the United States, with another 252 in Europe and 10 in Asia.In 2017 the company opened an elaborate flagship retail store in Everett, as part of a new strategy to sell its products directly as well as through other merchants. It licenses and sells a range of “vinyl figures, action toys, plush, apparel, housewares and accessories” drawn from pop culture hits ranging from Spider-Man and Batman to Corpse Bride and The Nightmare Before Christmas.Funko said it expects about $1 million in charges related to the job cuts. The company could not immediately be reached for comment on the location of the job cuts or the status of its stores.
originalfunko Coming soon: Funko Vinyl Soda - Joker @wbpictures @dccomics #joker #wb #dc #darkknight #funko #soda #funkosoda #pop #funkopop