UT was effectively Character Options’ American tentacle. Now that Funko has bought it, will there be anything like a resurgence for the 5″ figures, or will they shut that down in favor of more hideous superdeformed Vinyl Pops? [LINK]
EVERETT, WA (January 23, 2017) – Funko, one of the leading creators and innovators of licensed pop culture products, announced today that it has completed an agreement to acquire substantially all of the assets of Underground Toys Limited (UTL), a leading creator, manufacturer and distributor of licensed products. Financial terms of the transaction were not disclosed.
Founded in 2001 and based in London, UTL is a provider of award winning toys and entertainment products under licensed brands that include Star Wars, Doctor Who, Marvel, WWE and DC Comics. In January 2014, Funko and UTL entered into a European distribution agreement whereby UTL exclusively distributed Funko products along with its own range of licensed merchandise to a network of European retailers, including Toys “R” Us, Tesco, ASDA, Carrefour, and FNAC.
Or maybe they’ll push Doctor Who over to the Kenner-style ReAction line. 😕
I still don’t get those Funko figures. Ugly, square-headed blobs that only vaguely look like the characters they’re trying to ape. They’re so damn ugly, why do people buy them? Of course, I have the same problem with bobbleheads and am eternally confused why they’re still a thing.