It’s the end of an era for moviegoers, as Mondo will reportedly no longer produce unique and stylish movie posters. Mondo’s parent company, his Funko, seems to have laid off most of the Austin-based company’s staff and eliminated its poster department.
According to the sources I spoke to wrapMondo co-founders Rob Jones and Mitch Putnam were also fired, and the company’s cutting-edge experiences and products division, The Lab, closed. It’s not clear how long they’ll be around, as the source explained.
Funko purchased Mondo from Alamo Drafthouse less than a year ago and has built a cult following over the years by creating cinematic fine art on limited edition movie posters, vinyl records and licensed action figures. We have added brands to our growing portfolio. Some of Mondo’s movie posters are very popular with the collector community, and the company’s recent vinyl endeavor puts an artistic twist on famous movie soundtracks, making these discs beautifully designed. Packed in a slipcase.
Over the years, Mondo’s popularity has grown to the point where they host their own convention, MondoCon, and record sales have been a hit with fans. By comparison, Funko got off to a rough start heading into 2023. After posting a loss in the fourth quarter of 2022, the company laid off 10% of its staff and made $30 million to $36 million worth of cash. Announced to dump collectibles.Inventory.
With its Arizona warehouse overflowing with unsold inventory famous enough to warrant figurines, Funko decided it would be cheaper to dump the unsold merchandise than to rent storage space.
The products featured here have been independently selected by the editors. GameSpot may receive a portion of the proceeds from purchases featured on our site.
