Latest / Los Angeles News Today | 2 Min News | THE DAILY NOW!
CEO, Josh Simon, leads Funko's revival plan. | Los Angeles News
Funko is facing significant financial challenges, having lost over $67 million last year and burdened with $225 million in debt. New CEO Josh Simon, a former Netflix executive, is implementing strategies to revive the company, including relocating production and accelerating product launches. While Funko reported a 7% sales increase in the second quarter, much of it is linked to a tariff refund. Aiming at adult collectors and gaining traction among celebrities, Funko is starting to show signs www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.