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Is the Party Over After Funko is Accused of Fun House Accounting?

If you have had a chance to research Funko’s prospectus before their IPO, you might of thought the earnings were too good to be true. If you did, you weren’t the only one. Today, the law firm of Kirby McInerney LLP announced that it was opening an investigation of Funko, Inc. (NASDAQ: FNKO) concerning the Company and its officers’ possible violations of federal securities laws. If you are not aware, Funko commenced its IPO of 10,416,666 shares at a price of $12.00 per share on November 2, 2017. On November 3, 2017, the day after the IPO, Funko shares closed at $7.00, more than 40% below the IPO price. It was the worst opening day for an IPO in 17 years. It’s kind of crazy to think that the underwriters initially wanted to open at $14-$16. An article from Stephen Gandel over at BloombergGadfly gives you a great explanation of Funko’s “fun house accounting”. (more…)

Spoilers: Smuggler’s Bounty The Last Jedi POP!

Funko dropped a little tease for their upcoming Smuggler’s Bounty box. This one is a must have if I do say so.

The next Star Wars Smuggler’s Bounty box will be here soon… very soon!

THE LAST JEDI box officially closes this Wednesday (November 15th), but just in case you hadn’t quite made up your mind about reserving this box, we’ve got another reveal to help you. To be fair, it’s actually a different look at the figure we already revealed.

Remember there are spoilers ahead, you’ve been warned.

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Finish Him!!! New Mortal Kombat Figures Coming from Funko

Funko seems to be really stepping up their action figure game. The popular video game franchise Mortal Kombat is the latest to join Funko Action Figures. These fully articulated figures stand roughly 5 ½ inches tall, many of which hold deadly weapon accessories. The series includes Scorpion, Sub-Zero, Raiden, Kitana, and Liu Kang.

If you aren’t already familiar, these will be just like the Zorn figures Funko released earlier this summer. There is an obvious nod to the old 80’s He-Man with the style of these figures. (more…)

Funko Revives Their Legacy Line with Mad Max: Fury Road Figures

A few years back Funko got into the 6 inch action figure market with their Legacy series. One of their first liscense was Game of Thrones that brought collectors two series totally 12 figures. After that they did smaller series with liscense like Firefly and The Rocketeer. After only marginal success, it seemed like Funko was willing to let the brand sit on the back burner while they perused other projects. CEO Brian Mariotti said that indeed was not the case, and that they secured the rights for 6 inch figures. Many have tried and failed, meeting resistance from creator George Miller. No clue as to when to expect new figures but, now the less, this is great news for fans.

LEGO Ideas Women of NASA Set Sells Out Online

Everyone knew this set was going to be a hit when it was announced as the LEGO Ideas winner way back when. If you got one early, consider yourself lucky. They are currently out of stock online. The sets are currently fetching double retail on the secondary market. If they aren’t gone already, you might get lucky and still find them on shelves somewhere.
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