Funko and Epic Games Partner to Launch Fortnite™ Toys and Collectibles
18 July 2018 - 10:30PM
Funko, Inc. ("Funko,” or the “Company”) (Nasdaq:FNKO), a leading
pop culture consumer products company, today announced a new
partnership with Epic Games to create a range of Fortnite™ toys and
collectibles in a deal brokered by IMG.
The new Fortnite branded collection will feature more than ten
different product lines including Funko’s iconic Pop! figures, 5
Star figures, Pint Size Heroes, Vynl, keychains, POP! apparel and
more.
“We are thrilled to collaborate and partner with Epic Games to
create the inaugural Fortnite™ product collection and to bring
these characters to life for the first time,” said Brian Mariotti,
CEO of Funko. “This collection will be a true celebration of
Fortnite’s incredible popularity and cultural significance, and we
believe our Funko Fortnite collectibles will strongly resonate with
fans of the game. We look forward to expanding this collection and
combining our leading product capabilities with our strong retail
platform. Ultimately our goal is to create a powerful merchandise
strategy for the Fortnite™ brand, as well as bring these amazing
collectibles to fans around the world.”
Mark Rein, Vice President of Epic Games commented: "We're
all big fans of Funko's collectibles, so we were thrilled when we
had the chance to partner with them on the Fortnite collection. We
hope our players are as excited as we are about all of the cool
stuff that's on its way."
Launching Holiday 2018, the collection will be available for
purchase at a broad array of retailers worldwide.
Fortnite is the action building game from Epic Games that lets
you drop into a massive 100-player PVP Battle Royale or team up
with friends in a co-op campaign to Save The World against a horde
of monsters. Craft and loot in giant worlds where no two games are
ever the same. Fortnite Battle Royale is free and available on PC,
Mac, PlayStation 4, Xbox One, iOS, and soon, Android.
About FunkoHeadquartered in Everett,
Washington, Funko is a leading pop culture consumer products
company. Funko designs, sources and distributes licensed pop
culture products across multiple categories, including vinyl
figures, action toys, plush, apparel, housewares and accessories
for consumers who seek tangible ways to connect with their favorite
pop culture brands and characters. Learn more at
https://funko.com/, and follow us on Twitter (@OriginalFunko) and
Instagram (@OriginalFunko).
About Epic GamesFounded in 1991, Epic Games is
the creator of Fortnite, Unreal, Gears of War, Shadow Complex, and
the Infinity Blade series of games. Epic's Unreal Engine technology
brings high-fidelity, interactive experiences to PC, console,
mobile, AR, VR and the Web. Unreal Engine is freely available at
unrealengine.com. For more information on the studio, visit
epicgames.com and check out @EpicGames.
About IMGIMG is a global leader in sports,
fashion, events and media, operating in more than 30 countries. The
company manages some of the world’s greatest sports figures and
fashion icons; stages hundreds of live events and branded
entertainment experiences annually; and is a leading independent
producer and distributor of sports and entertainment media. IMG
also specializes in sports training and league development, as well
as marketing, media and licensing for brands, sports organizations
and collegiate institutions. IMG is part of the Endeavor (formerly
WME | IMG) network.
Media EnquiriesJulia Young,
ICR203-682-8200FunkoPR@icrinc.com
Epic, Epic Games, and Fortnite and their related logos
are registered trademarks of Epic Games, Inc. in the USA
(Reg. U.S. Pat. & Tm. Off.) and elsewhere.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including statements regarding Funko’s
launch of the Fortnite collection; anticipated fan reaction;
creating a powerful merchandise strategy for the Fortnite brand;
future product offerings; product release dates and product
features. These forward-looking statements are based on Funko
management’s current expectations. These statements are neither
promises nor guarantees, but involve known and unknown risks,
uncertainties and other important factors that may cause Funko’s
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements, including,
but not limited to, the following: Funko’s ability to maintain and
realize the full value of its license agreements; the ongoing level
of popularity of Funko products with consumers; changes in the
retail industry and markets for Funko consumer products; Funko’s
ability to maintain relationships with retail customers and
distributors; Funko’s ability to compete effectively; fluctuations
in Funko’s gross margin; Funko’s dependence on content development
and creation by third parties; Funko’s ability to develop and
introduce products in a timely and cost-effective manner; Funko’s
ability to obtain, maintain and protect its intellectual property
rights or those of its licensors; potential violations of the
intellectual property rights of others; Funko’s ability to attract
and retain qualified employees and maintain its corporate culture;
risks associated with Funko’s international operations; changes in
U.S. tax law; foreign currency exchange rate exposure; the
possibility or existence of global and regional economic downturns;
Funko’s dependence on vendors and outsourcers; risks relating to
government regulation; risks relating to litigation, including
products liability claims and securities class action litigation;
any failure to successfully integrate or realize the anticipated
benefits of acquisitions or investments; reputational risk
resulting from Funko’s e-commerce business and social media
presence; risks relating to Funko’s indebtedness and its ability to
secure additional financing; the potential for Funko’s electronic
data to be compromised; the influence of Funko’s significant
stockholder, ACON, and the possibility that ACON’s interests may
conflict with the interests of Funko’s other stockholders; risks
relating to Funko’s organizational structure; volatility in the
price of Funko’s Class A common stock; and the potential that Funko
will fail to establish and maintain effective internal control over
financial reporting. These and other important factors discussed
under the caption “Risk Factors” in Funko’s quarterly report on
Form 10-Q for the first quarter of 2018 and its other filings with
the Securities and Exchange Commission could cause actual results
to differ materially from those indicated by the forward-looking
statements made in this press release. Any such forward-looking
statements represent Funko management’s estimates as of the date of
this press release. While Funko may elect to update such
forward-looking statements at some point in the future, Funko
disclaims any obligation to do so, even if subsequent events cause
its views to change. These forward-looking statements should not be
relied upon as representing Funko’s views as of any date subsequent
to the date of this press release.
Funko (NASDAQ:FNKO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Funko (NASDAQ:FNKO)
Historical Stock Chart
From Apr 2023 to Apr 2024