Switch Theme:

Funko acquires a board game company  [RSS] Share on facebook Share on Twitter Submit to Reddit
»
Author Message
    Subject: Advert
[Up]
Advert


Forum adverts like this one are shown to any user who is not logged in. Join us by filling out a tiny 3 field form and you will get your own, free, dakka user account which gives a good range of benefits to you:
  • No adverts like this in the forums anymore.
  • Times and dates in your local timezone.
  • Full tracking of what you have read so you can skip to your first unread post, easily see what has changed since you last logged in, and easily see what is new at a glance.
  • Email notifications for threads you want to watch closely.
  • Being a part of the oldest wargaming community on the net.
If you are already a member then feel free to login now.




[Post New] 2019/02/15 17:08:18
    Subject: Funko acquires a board game company
[Up]
Made in gb
[DCM]
Et In Arcadia Ego





Canterbury

https://finance.yahoo.com/news/funko-acquires-a-board-game-company-as-it-takes-aim-at-hasbro-143000610.html?fbclid=IwAR33JahpdtjlQRz9kdiUCY8qzZy6Hza2F6Wz7rR90JcbI-1NQybV89hCeCY


Funko now wants to play in the board game space.

The maker of pop culture themed dolls said Friday it has acquired board game maker Forrest-Pruzan Creative. Terms of the deal were not disclosed. Forrest-Pruzan Creative is known for games such as Disney’s Villainous and Harry Potter: Hogwarts Battle.

Funko said the acquisition will not have a material impact to its financial results in 2019.

“This is another avenue for us to engage with pop culture enthusiasts. Similar to our previous acquisitions — Loungefly and An Evil Corporation (now Funko animation studios) — this is in line with expanding our product offerings,” Funko CEO Brian Mariotti tells Yahoo Finance.

The purchase marks Funko’s initial entry into the board game sector. And the move could prove lucrative.

Despite the interest in playing games on mobile devices, the board game market is seen growing 9% annually through 2023. The growth is expected to be fueled by millennials finally having kids and choosing more family style activities at home.

But Funko will face stiff competition carving out market share in the $12 billion-plus industry from board game king Hasbro.

Popular board games by Hasbro like Monopoly and Pie Face helped drive $787 million in sales for the company’s gaming division in 2018. Hasbro is expected to show off its latest board game innovations at this year’s Toy Fair in New York.
The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht. The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all
We love our superheroes because they refuse to give up on us. We can analyze them out of existence, kill them, ban them, mock them, and still they return, patiently reminding us of who we are and what we wish we could be.
"the play's the thing wherein I'll catch the conscience of the king,
 
   
[Post New] 2019/02/15 21:13:55
    Subject: Funko acquires a board game company
[Up]
Made in us
Veteran Inquisitorial Tyranid Xenokiller





Some backwater sump

No good can come of this.
New Career Time? 
   
[Post New] 2019/02/15 22:06:14
    Subject: Funko acquires a board game company
[Up]
Made in us
Shrieking Traitor Sentinel Pilot




Burbank, CA

 The Power Cosmic wrote:
No good can come of this.


Really?

I don't see anything wrong with it. Funko has the money, and the general market appeal to get more people playing board games. They also have a staggeringly fast turn around in making decent quality toys. They have inroads with pretty much any property out there (they are literally classed differently then regular toys by most IP holders, allowing them to get licenses other companies couldn't). The downside would be that they make too much stuff, and saturate the market quickly. The upside is, other studios which thought they were the heaviest hitters, and had been slacking because of it (cough* Asmodee cough*) have to deal with a new, very big dog in the fight, and will up their game accordingly.
, , , , , , ,

 
   
[Post New] 2019/02/16 03:01:13
    Subject: Funko acquires a board game company
[Up]
Made in us
Fixture of Dakka






 The Power Cosmic wrote:
No good can come of this.


Agreed... Except yet another beanie baby...


At Games Workshop, we believe that how you behave does matter. We believe this so strongly that we have written it down in the Games Workshop Book. There is a section in the book where we talk about the values we expect all staff to demonstrate in their working lives. These values are Lawyers, Guns and Money. 
   
[Post New] 2019/02/17 09:12:59
    Subject: Re:Funko acquires a board game company
[Up]
Made in au
Regular Dakkanaut




Hiding behind terrain

The growth is expected to be fueled by millennials finally having kids and choosing more family style activities at home.

That's not a horse I'd bet on. Goodluck to them.
   
 
Forum Index » News & Rumors
Go to: