Alamo Drafthouse Sells Poster and Collectible Company Mondo to Funko
The Austin, Texas based company Mondo is best known for its vinyl records and soundtracks, posters, toys, apparel, books, games and various other movie-themed collectibles. Previously owned by indie theater chain Alamo Drafthouse, Mondo has now been purchased by the favorite Pop! toy brand, Funko. In the deal, about 30 Mondo employees are joining Funko.
Mondo, based in Austin, Texas, was founded in 2001 by Rob Jones and Tim League and was previously a subsidiary of Alamo Drafthouse. Mondo has become best known for its limited-edition vinyl records and screen-printed posters, which focus on bringing art back to music and cinema through collaborations with acclaimed artists.
Funko CEO Andrew Perlmutter told Variety:
“Mondo’s devoted fanbase and high-end pop culture collectibles make it the perfect complement to Funko’s current portfolio of brands,” he said. “By leveraging our international distribution and licensing network, we feel well positioned to expedite the growth of the Mondo brand.”
Funko intends to run Mondo the way it has managed Loungefly, the apparel and accessories brand it acquired in 2017. According to Perlmutter, “Mondo will operate as a unique brand in the portfolio, gradually integrating into common back-end functions where it increases efficiency or makes sense.”
This merge seems pretty natural, and it makes a lot of sense for collectible fans. Now Mondo and Funko can be a one stop shop for all your collectible needs!