Alamo Drafthouse Sells Mondo to Funko – Billboard

Indie film circuit Alamo Drafthouse Cinema has offered Mondo to Funko, the popular culture way of life model.

Terms of the deal by the indie film circuit weren’t disclosed, however the settlement fingers Funko the creator of popular culture collectibles like vinyl data, posters, soundtracks, toys, attire, books and video games. The Alamo Drafthouse subsidiary Mondo was based in 2001 by Rob Jones and Tim League.

“Over the past few months, we searched exhaustively to find a perfect partner who saw what was unique and special about Mondo and was in a position to meaningfully invest in Mondo, nurture the team, and further its reach and vision,” mentioned League in an announcement, including: “Funko is exactly that unicorn. The team that made Mondo amazing is staying together, making the transition to Funko, and will continue their same work with the same creative vision.”

Alamo, which emerged from Chapter 11 in June, has continued to retool its enterprise within the hope extra films will come from the main studios because the pandemic eases, whilst the standard theatrical window shortens. As a part of that restructuring, Alamo offered its Drafthouse Films label to digital distributor Giant Pictures.

“Mondo’s devoted fan base and high-end pop culture collectibles make it the perfect complement to Funko’s current portfolio of brands. By leveraging our international distribution and licensing network, we feel well-positioned to expedite the growth of the Mondo brand,” Mondo CEO Andrew Perlmutter mentioned in an announcement on Monday.

The deal for Mondo arrives only a month after former Disney CEO Bob Iger joined a consortium led by Peter Chernin’s The Chernin Group to take a position $263 million in Funko to gasoline its enlargement.

This article was initially printed by The Hollywood Reporter.

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