$30 million of Funko Pop! toys will be thrown in the trash. Here’s why

Really important limited edition Batman and Joker offered at 2013 San Diego Comic Con. Welcome to watch Mojo. And today we’re counting down our picks for the top 10 rarest funk oh pop figures that might make you rich. I think you’d have no problem getting $2800 for the set for this list to be looking at the most expensive or in demand of these popular bobblehead figures either at the time of their release or after the fact. Do you own any of these ultra rare pops brag about it in the comments number 10, Buzz Lightyear Freddy Funk. Oh Glow in the Dark with *** name like toy story. This beloved animated franchise was destined to deliver some out of this world merchandise. It’s not too difficult to nab *** standard version of the space bound superhero for *** reasonable price. But when Funk Ohs mascot Freddie puts on the helmet, the cause really takes flight even though he’s done the signature suit *** few times now, it’s this limited glow in the dark figure that has reached prices to infinity and beyond with current listings in the universe of five grand with that much funding Zerg doesn’t stand *** chance. Number nine, Boba Fett. Freddy Funk. Oh Red Hair. Tracking down one of these exclusive figures requires its own bounty hunter. As if this classic Star Wars villain wasn’t already popular enough. This unmasked Freddy Funk O version was only ever released at the 2014 San Diego Comic Con for anyone living under *** millennium. Falcon sized rock. The series has seen *** mass resurgence in the ensuing years with the release of several record breaking Blockbusters, the franchises profile has arguably never been higher. And since Boba Fett just started his own Disney Plus series, we’d bet the rarity of this figure is going to *** galaxy far, far away. Would you be loyal to me if I were to spare you? Number eight, Apollo. Creed. Freddy Funk. Oh, no bruises. Everyone loves *** good old fashioned training montage. But you may want to keep this pop away from the boxing gloves. Freddie’s impersonation of this legendary boxing character is even more of *** hot ticket item than the original Creed figure, but that’s not where the exclusivity stops. Only *** meager quantity of these crossovers were ever produced, but an even smaller collection were manufactured without creeds, iconic bruising, stepping into the ring for one of these pops is dangerous enough, but it’s an even scrappy er, brawl to find *** creed that hasn’t already been roughed up by Ivan Drago. Number seven. Franken, Berry Freddy Funk. Oh Glow in the dark. The oft forgotten part of *** well balanced breakfast is of course *** scarcely produced cereal mascot figurine with reportedly only 12 ever produced this Freddy Funk. Oh Spin on the classic monster meal icon fetches prices around $6000. It is alone either since its sister serial creatures like Boo Berry also nabbed ghoulish prices in the ancillary market. Even without *** signature Freddy version. These undead icons are as pricey as they are sugary. So for the sake of collectors wallets, maybe it’s for the best that Freddy skips over Boo Berry for now. Number six Venom Freddy funk. Oh, what the hell I am. This symbiote has attached itself to more than just spider this time around Freddy’s run in with the iconic antagonists came hot off the heels of Venoms 2018 big screen adventure propelling the character to dizzying heights of popularity. However, since only 24 were produced, the frenzy demand led to an insane price tag currently valued around $8000. Ever since Freddie dropped the first few letters of his name to embrace his inner Eddie Brock. This figures worth has been climbing the web at this rate. It’ll be able to fund Venom three in no time. Number five clown Dumbo, this influential Disney icon didn’t just get dolled up for *** circus performance but also for *** massive surge in popularity. While there’s plenty of the standard edition to go around eager collectors either had to be one of the lucky few at the 2013 San Diego Comic Con or fish out bucks. After the fact to nab this guy as One of the mouse house’s oldest animated characters, this lovable elephant has the unique feature of appealing to *** wide generation of audiences which is surely part of the blame for its rabid demand with over 80 years in the pop culture conversation and counting dumb bows price may end up flying as high as he does. Number four sign metallic gold and chrome Stanley pop to get your hands on one of these, you need *** thick wallet, the stars to align and the willpower of earth’s mightiest. Not to be confused with the classic red metallic superhero variant that also fetches *** pretty penny. This pair of golden chrome figures are um among some of the rarest pops in existence. Nowadays, only 10 of each color exist and most of the copies and circulation are signed by the legendary comic writer himself since Lee unfortunately passed away in 2018. His signature alone is priceless, let alone on one of these Uber rare gold or chrome figures. Number three, James Lannister Freddy Funk. Oh bloody. This time. Funk Ohs mascot is heading to Westeros and the results are *** pop worth about as much as the Seven Kingdoms altogether. Even for *** fan favorite character from one of the most talked about television series of all time. $10,000 is an astonishing price tag for *** single figure. Things I do for love. The eldest Lannister sibling had been *** standout since episode one, but his development in later seasons, as well as *** unique blood spattered pattern on the pop made for *** perfect storm of Fervid fan interest who needs the Iron Throne when you’re fun co is more valuable than the rest of your cast. Combined threats. He’s not prepared to carry out. Number two. Count Chocula Freddy Funk. Oh Glow in the dark, scared. It may not have *** prize inside. But this undead serial symbols pop doesn’t need one with this kind of enduring esteem more so than even its Frank and Mary or Boo Berry Cousins. This Freddy Spin has become one of the most sought after in its field. The exclusive release of the 2011 San Diego Comic Con and extremely limited quantity have earned it an estimated worth upwards of 10 grand. There’s *** slightly cheaper metallic creation. But since vampires can’t step in the sun having one that glows in the dark is clearly the better choice provided. You can even find one on sale that is before we continue. Be sure to subscribe to our channel and ring the bell to get notified about our latest videos. You have the option to be notified for occasional videos or all of them. If you’re on your phone, make sure you go into your settings and switch on notifications. Number one signed Alex DeLarge Glow in the dark compared to some of the biggest brands on the planet. Classic literature doesn’t seem like it would be that big of *** draw. But this exclusive release of the Clockwork Orange protagonist had more going for it than its minimal 12 unit production. Each one was signed and numbered by Funk zero cc O. Brian Mariotti himself, turning this already limited pop into the company’s highest valued product by far even finding *** listing is *** fool’s errand. And that’s before churning out the $25,000 it’s currently worth with that kind of money. You could just buy the book or an entire library. I’ve taught you much, my little niece. Now tell me what you had in mind. Georgie Boy. Do you agree with our picks? Check out this other recent clip from Watch Mojo and be sure to subscribe and ring the bell to be notified about our latest videos.

$30 million of Funko Pop! toys will be thrown in the trash. Here’s why

Updated: 7:35 PM EST Mar 5, 2023

Video above: Top 10 rarest Funko Pop! figures that might make you richThirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will soon make their way into the hands of a new collector: The garbage collector.Funko said in its fourth quarter earnings report that a combination of waning demand for the toys and a surplus of inventory is creating financial trouble for the company. Last year, they had to rent excess warehouse space just to hold the buildup of Funko figures, which range from Baby Yoda to Eddie Van Halen.Funko was holding onto about $246.4 million worth of dolls at the end of 2022. That’s 48% more than what they had on hand just one year before.The company intends to “eliminate” a bit of that nearly $250 million in inventory in the first half of 2023 “to reduce fulfillment costs by managing inventory levels to align with the operating capacity of our distribution center,” Funko said in a statement Wednesday. “This is expected to result in a write down in the first half of 2023 of approximately $30 to $36 million.”In short, the product they’re storing is now worth less than the cost of keeping it on hand, so they’re dumping at least $30 million worth of it.On a call with investors last week, CEO Brian Mariotti said Funko had already filled its Arizona distributing center to the brim with dolls and was forced to rent excess storage containers for them. The cost of that extra storage, he said, was causing the company to lose money at a rapid clip.Company executives also announced that they would cut 10% cut of their workforce as a cost-saving measure.Funko benefited during the pandemic boom, posting $1 billion in net sales for 2021 — a 58% increase from 2020 — but those gains didn’t hold up as the global economy reopened.The company reported a total loss of $47 million in the fourth quarter of 2022. That’s down from a profit of $17 million during the same period the year before.”It was clear on our last earnings call that the business and our operations hit an inflection point,” Mariotti said. “A combination of macro factors and Funko-specific issues have disrupted our financial and operating performance to an unacceptable degree.”Funko stock has fallen by 9.4% so far this year.

CNN —

Video above: Top 10 rarest Funko Pop! figures that might make you rich

Thirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will soon make their way into the hands of a new collector: The garbage collector.

Funko said in its fourth quarter earnings report that a combination of waning demand for the toys and a surplus of inventory is creating financial trouble for the company. Last year, they had to rent excess warehouse space just to hold the buildup of Funko figures, which range from Baby Yoda to Eddie Van Halen.

Funko was holding onto about $246.4 million worth of dolls at the end of 2022. That’s 48% more than what they had on hand just one year before.

The company intends to “eliminate” a bit of that nearly $250 million in inventory in the first half of 2023 “to reduce fulfillment costs by managing inventory levels to align with the operating capacity of our distribution center,” Funko said in a statement Wednesday. “This is expected to result in a write down in the first half of 2023 of approximately $30 to $36 million.”

In short, the product they’re storing is now worth less than the cost of keeping it on hand, so they’re dumping at least $30 million worth of it.

On a call with investors last week, CEO Brian Mariotti said Funko had already filled its Arizona distributing center to the brim with dolls and was forced to rent excess storage containers for them. The cost of that extra storage, he said, was causing the company to lose money at a rapid clip.

Company executives also announced that they would cut 10% cut of their workforce as a cost-saving measure.

Funko benefited during the pandemic boom, posting $1 billion in net sales for 2021 — a 58% increase from 2020 — but those gains didn’t hold up as the global economy reopened.

The company reported a total loss of $47 million in the fourth quarter of 2022. That’s down from a profit of $17 million during the same period the year before.

“It was clear on our last earnings call that the business and our operations hit an inflection point,” Mariotti said. “A combination of macro factors and Funko-specific issues have disrupted our financial and operating performance to an unacceptable degree.”

Funko stock has fallen by 9.4% so far this year.