chernin group

chernin group

Photo by Matthew Ball on Unsplash

A group of investors led by The Chernin Group (TCG) has taken a $263 million stake in Funko, the toy company best known for its licensed figurines of popular movie and TV characters.

Los Angeles-based TCG and its partners will own 25% of Funko once the transaction closes, the companies announced Thursday. Other investors in the group include e-commerce giant eBay, former Disney CEO Bob Iger and sports super-agent Rich Paul of Klutch Sports Group.

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Photo by Sahand Hoseini on Unsplash

With reports of a new $1 billion fund in the works, The Chernin Group (TCG) is doubling down on media's continued transition from simple entertainment into a vehicle for commerce.

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