Funko, Inc. acquired Mondo from Alamo Drafthouse Cinemas, Ltd for $14 million.
June 09, 2022
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Funko, Inc. (NasdaqGS:FNKO) acquired Mondo from Alamo Drafthouse Cinemas, Ltd. on June 8, 2022. The team at Mondo is staying together, making the transition to Funko. The company does not expect the acquisition to have a material impact on its financial performance in 2022.
Funko, Inc. (NasdaqGS:FNKO) completed the acquisition of Mondo from Alamo Drafthouse Cinemas, Ltd. for $14 million on June 8, 2022. Scott Winship and Charles Craig of GulfStar Group, Inc. acted as financial advisor to Alamo Drafthouse Cinemas, Ltd. in the transaction.
Funko, Inc. operates as a pop culture lifestyle brand. The Company is engaged in selling a range of licensed pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products are principally figures, fashion accessories, apparel, plush products, accessories, homewares, and non-fungible tokens (NFTs). Its products combine its brands and designs and aesthetic sensibilities into properties it licenses from content providers. In addition to offering multiple properties and product categories, it creates and sells a variety of brands that have their own look and feel. The Company's brand portfolio includes Core Collectibles (which include Pop! Vinyl, as well as other branded lines such as Soda, Bitty Pop!, and Pop! Yourself), Loungefly (softlines including bags, wallets, backpacks and apparel) and Other (which includes brands, such as Digital Pop! and Mondo).
FUNKO, INC. 
