Funko CEO Says Mondo Movie Poster Business Will Continue but Will End ‘Extremely Limited Runs’ That Limit Access ‘Unfairly’
Todd Spangler NY Digital Editor Brian Mariotti, CEO of Funko, posted a message to fans of Mondo, the high-end collectibles company it acquired last year, after Mondo was hit with layoffs. As part of Funko’s 10% job cuts across the company, Mondo co-founders Mitch Putnam and Rob Jones as well as senior creative director Eric Garza were laid off last week. In a Twitter post Thursday, Mariotti confirmed that there were layoffs at Mondo but said “the majority of the companywide layoffs weren’t in Mondo.” He also wrote that contrary to early reports last week that Mondo was shutting down the posters division, “the Mondo posters business will continue, period.” That said, according to Mariotti, “We feel that making extremely limited runs of posters, most of which are 150 pieces or under, limits access to fans unfairly. Many of these posters are bought with the sole purpose of flipping them at a much higher cost to fans that really want them.”