Funko has laid off most of MondoNews's staff, ceasing production of their popular movie posters.
Fans of movie memorabilia may want to rush to pick some more up, as it may soon be too late. A new report from The Wrap said that Funko, the company that owns memorabilia brand Mondo, is laying off most of the latter's staff. The report additionally said that Mondo will be ceasing all production of its signature movie posters.
The news is especially shocking given that Mondo's movie posters are what first put the company on the map, with its distinctive and often limited-edition artworks becoming valued treasures for film collectors. Mondo also manufactures other types of memorabilia, most notably vinyl records of film soundtracks and collectible toys.
COLLIDER VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT Founded in 2004, Mondo was owned by the theater chain Alamo Drafthouse Cinema for almost the entirety of its life cycle. This changed in 2022, though, when Funko, an entertainment company best known for creating film and television-centric vinyl figures and bobbleheads, purchased Mondo after Alamo Drafthouse filed for and then emerged from bankruptcy.
However, following Funko's takeover of the company, there began to be creative differences between the two brands, with Funko disliking some of the new ideas that were brought up by Mondo executives. This includes items such as a show devoted to Peanuts and limited edition capsule collections of merchandise that Funko just didn't go for.
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