Funko Shuts Down Mondo’s Movie Poster Business, Lays Off Co-Founders and Other Staff
variety.comTodd Spangler NY Digital Editor Funko, less than a year after acquiring high-end collectibles brand Mondo, has wound down Mondo’s movie-poster business and let go several employees — including Mondo co-founders Mitch Putnam and Rob Jones, Variety has confirmed.
Mondo, based in Austin, Texas, was founded in 2001 and was previously a subsidiary of indie theater chain Alamo Drafthouse before Funko’s deal to buy it last year for $14 million.
Mondo had gained a strong following for its limited-edition screen-printed movie posters. Notable artists who worked with Mondo on its posters have included Olly Moss, Shepard Fairey, Ken Taylor and Kevin Tong.
Sources said that Mondo’s vinyl records and collectibles businesses are intact. In addition to Putnam and Jones, Mondo senior creative director Eric Garza also has been laid off.
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