EVERETT, Wash., (GLOBE NEWSWIRE) — Funko, Inc. (“Funko,” or the “Company”) (Nasdaq:FNKO), a leading pop culture consumer products company, today announced it has acquired Forrest-Pruzan Creative LLC (FPC), an acclaimed board game development studio.
Based in Seattle, Washington, FPC was founded in 2000 by Andy Forrest and Alan Pruzan and has a staff of over twenty designers working under the creative leadership of Jay Wheatley. FPC specializes in game invention, game design, and playtesting. The FPC creative team has developed multiple award-winning board games incorporating top-tier licenses for all ages, including Disney Villainous, Harry Potter: Hogwarts Battle, Bob Ross – Art of Chill and Choose Your Own Adventure – House of Danger.
Funko believes that everyone is a fan of something, and this acquisition allows pop culture enthusiasts to display their fandom through multi-player interaction comprised by their favorite characters and introduces Funko to an entirely new demographic, ardent board gamers.
“We’ve always been incredibly impressed with FPC’s portfolio and have witnessed the company make a name for itself on a global level.,” said Funko President Andrew Perlmutter. “As we expand our product portfolio, we believe this acquisition is in line with what we are doing with apparel, accessories and Funko Animation Studios. The games category is another avenue to deliver pop culture to our ever-growing fan base. FPC’s nearly two decades of experience in developing high quality games will provide us added expertise as we leverage our existing IP and licensor portfolio into this category.”
Financial terms of the deal were not disclosed, and the Company does not expect the acquisition to have a material impact on its financial performance in 2019.
