The acquisition will see A Large Evil Company become an in-house production studio for the collectible toy company.

GLOBAL–Funko has purchased U.K. animation studio A Large Evil Corporation.

Under the terms of the acquisition, A Large Evil Corporation will operate under the name Funko Animation Studios. In addition, the company’s founders, Guy Thomson and Seth Watkins, will stay on as general managers.

Prior to the acquisition, Funko and A Large Evil Corporation collaborated on several animated product videos. In 2016, Funko and A Large Evil Corporation teamed up with Marvel Animation to create a series of animated Marvel Funko shorts. The first video, “Spellbound,” featured Iron Man, Spider-Man and Loki, and five additional shorts are slated to launch in late 2017 and into early 2018.

“Since 2014 we have produced the majority of our animated product videos with this innovative and fantastically creative studio and we are excited to move this function in house," says Brian Mariotti, chief executive officer, Funko. "We have seen firsthand how well received these shorts are from our fans and we look forward to continuing to produce these high caliber product videos while also creating original Funko content. As video becomes an increasingly important medium of communication, this will allow us to better create content to support and promote our brand and our products globally."