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Posted in: Board Games, Funko, Funko Games, Games, Tabletop | Tagged: goliath
Funko Announces New Exclusive Deal With Tabletop Company Goliath
Funko has revealed a new partnership with tabletop company Goliath, which will help get Funko Games out to a global audience.
Article Summary
- Funko partners with Goliath for global distribution of Funko Games titles.
- Goliath to exhibit Funko board games at 2024 international toy fairs.
- Exclusive deal includes the development of new games and a Bitty Pop! Chase game.
- Funko to streamline business and reduce debt through new Goliath agreement.
Funko made an announcement this morning that they have entered into a new exclusive deal with tabletop publisher Goliath. The multi-year deal will have Goliath publishing the company's library of titles under the Funko Games division, giving them better global distribution in places such as the UK, Australia, New Zealand, and more. Goliath confirmed the deal and revealed they plan to showcase many of their board games at the upcoming 2024 toy fairs in both London and Nuremberg. We have more info for you below from today's press release, along with a couple of quotes from both companies.
Under the multi-year agreement, Goliath will be the exclusive worldwide distributor of Funko's current catalog of games and puzzles and has agreed to collaborate with Funko to develop and distribute new games and puzzles. The agreement includes an initial payment from Goliath, followed by future minimum guaranteed royalty payments for the use of the Funko brand. Additionally, Goliath will acquire Funko's current inventory of board games and puzzles, as well as rights to intellectual property related to the studio.
"Funko Games is a highly regarded brand that includes hundreds of board games recently created as well as a great portfolio from Forrest-Pruzan. We look forward to bringing the Funko brand and style to the game aisle in new and innovative ways," said Goliath's Chief Executive Officer, Jochanan Golad. "With Pressman's 101 years and Goliath's 43 years of selling games, we believe we're a perfect fit to partner with Funko to develop and distribute games on a global level. We plan to commence marketing several key games around the world immediately. We're especially thrilled about our plan to bring to market a new and exciting game called Bitty Pop! Chase, which includes Funko's popular Bitty Pop! miniature collectible characters."
Funko Interim Chief Executive Officer Mike Lunsford said, "The transaction is designed to keep with our previously stated goal of streamlining our business by focusing on our core assets. We intend to use the proceeds from this transaction to reduce our debt. We believe that Goliath's size and scale, as well as their intimate knowledge of the global games and toys market, make them a strong partner for Funko in the board game category."
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