Funko and Goliath Announce Exclusive Global Deal for Funko Games
January 17, 2024 at 04:15 pm EST
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Funko, Inc. and Goliath announced that the companies have entered into an exclusive worldwide license and distribution agreement for Funko?s portfolio of games marketed under the Funko Games brand. As part of the deal, Goliath also acquired the assets of Funko?s board game development studio, formerly known as Forrest-Pruzan Creative, and celebrated board game design team, Prospero Hall. Financial terms were not disclosed.
Under the multi-year agreement, Goliath will be the exclusive worldwide distributor of Funko?s current catalog of games and puzzles and has agreed to collaborate with Funko to develop and distribute new games and puzzles. The agreement includes an initial payment from Goliath, followed by future minimum guaranteed royalty payments for the use of the Funko brand. Additionally, Goliath will acquire Funko?s current inventory of board games and puzzles, as well as rights to intellectual property related to the studio.
Goliath plans to showcase many of the Funko board games at the upcoming 2024 toy fairs in London and Nuremberg.
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. 
