Here we go again!
In a press release, Funko announced it has nearly $250 million worth of inventory in its warehouses - in other words, stuff that has yet to be sold. That's a 48% increase over last year, and Funko's starting to feel the squeeze. CEO Brian Mariotti reported that a distribution center in Arizona has been paying monthly rentals on shipping containers to keep the stuff in.
So, what is a multi-million-dollar corporation to do? Look to the past! Just like when Atari was swamped with unsold copies of ET for the 2600, Funko is going to alleviate the situation by trashing its own inventory, sending the unsold stock to the landfill. It's literally cheaper for them to throw the stuff away and take the tax write-off for the loss than to try to sell them, which means about $30 million dollars worth of POP!s, Vinyl Sodas, and whatever else Funko is making these days are about to be buried under the desert, just like ET. Arizona this time, rather than New Mexico. Though it would have been a beautiful irony if they'd ended up in the same dump.
I guess in 2063 or so, we can expect to see a documentary about fans going and digging these up, and putting some of them in a museum. Time is a flat circle.