It’s the end of an era for movie fans, as Mondo is said to be no longer producing stylish and unique movie posters. Mondo’s parent company, Funko, appears to have laid off most of the staff at the Austin-based company and killed its posters division.
According to sources who spoke with TheWrap, Mondo co-founders Rob Jones and Mitch Putnam were also fired, and the company’s cutting-edge products and experiences division, The Lab, was shut down. Only the toy division and files remain, but as sources explain, it’s unclear how long they will last.
Funko bought Mondo less than a year ago from Alamo Drafthouse, adding a brand to its portfolio that has built a cult following over the years by producing cinematic artwork on posters. limited edition movies, vinyl and licensed action figures. Some of Mondo’s movie posters have become very sought after among collectors, and the company’s recent record business shows the company has taken an artistic turn for its tracks. popular movies, pack these discs in beautifully designed containers.
Mondo’s popularity has grown over the years, to the point that it even hosts its own convention, MondoCon, and its vinyl sales have been a huge hit with fans. Compared to 2023, Funko has had a rough start and after posting a loss in the fourth quarter of 2022, the company announced that it will lay off 10% of its staff and dump 30+ worth of collectibles. million to 36 million dollars. inventory.
With warehouses in Arizona overflowing with inventory of anything famously vague enough to warrant a number, Funko determined that it would be cheaper to dispose of unsold goods rather than rent space to house them. .
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