All articles tagged with #labubu
Sony Pictures is developing a live-action film based on the Labubu plush toys, enlisting director Paul King, known for 'Wonka' and 'Paddington,' to direct and produce. The project is in early stages, and Labubu toys are popular collectibles originally created by artist Kasing Lung and sold by China-based retailer Pop Mart. Hollywood is increasingly turning to toy and game IPs for movies, with recent successes like 'Barbie' and 'Super Mario Bros.'
Paul King is set to direct and produce a live-action 'Labubu' film for Sony Pictures, based on a picture book series by Kasing Lung, with the project currently in early development. King, known for directing 'Wonka' and the 'Paddington' films, will bring his expertise to this narrative-driven project.
Paul King, known for directing Paddington and Wonka, is set to direct a film adaptation of the popular collectible toy Labubu for Sony, in collaboration with Chinese retailer Pop Mart, with the project currently in early development.
Despite a record-breaking third-quarter U.S. sales increase, Pop Mart's stock declined 9%, with concerns over fading demand for Labubu dolls as resale prices drop, possibly due to increased supply and efforts to curb scalping, amidst ongoing global expansion and celebrity endorsements.
The article explores the global fascination with Labubu plushies, highlighting a journey across four countries to understand why these toys have become a cultural phenomenon, and describing the author's experience choosing between different Labubu collectibles at a Pop Mart display.
Pop Mart's Wang Ning, once worth $27 billion due to the Labubu plush toy craze, has seen $6 billion of his net worth evaporate as the toy's popularity wanes, stock plunges, and analysts downgrade the company's valuation amid signs of fad fatigue and reliance on a single product.
Wang Ning, founder of Pop Mart, has seen his net worth drop by nearly $6 billion due to declining demand for the Labubu dolls, leading to a fall in the company's stock and a change in his ranking among China's richest. Despite the setback, Pop Mart remains up over 180% year-to-date, though analysts predict continued stock pressure and a potential slowdown in growth.
The hype around Labubu dolls has faded, leading to a nearly 9% drop in Pop Mart's stock in Hong Kong and erasing about $13 billion in value, as JPMorgan downgrades the company due to weak catalysts and declining secondary market demand, despite its strong year-to-date performance.
Pop Mart's shares experienced their largest decline since April as the shine of Labubu, a key product or brand, begins to fade, indicating potential challenges for the company's growth or market perception.
Naomi Osaka, a prominent tennis star and fashion icon, expressed regret over missing the opportunity to debut her seventh Labubu outfit at the 2025 US Open final after losing in the semifinals. Known for her unique Labubu fashion statements inspired by tennis legends, Osaka's absence of the seventh Labubu has left fans wondering if she will continue her trend in future tournaments.
South Park's upcoming episode, airing on September 3, satirizes the obsession with Labubu toys, highlighting their popularity and cultural impact, with the episode featuring chaos among kids and cameos from Trump and Satan.
Labubu, a plush monster toy by Pop Mart, is on track to generate over $1 billion in revenue in 2025, driven by its popularity in international markets and celebrity endorsements, marking a significant rise in the toy industry.
Pop Mart's stock surged over 12% after announcing the upcoming release of a mini Labubu doll, which has become a global craze, significantly boosting the company's revenue and international sales, especially in the Americas.
Pop Mart's shares rose 10% after reporting a nearly 400% increase in net profit driven by global demand for its Labubu dolls, with revenue up over 200% in the first half of 2025, despite concerns about the longevity of its IPs and regulatory scrutiny on blind-box toys.
Pop Mart's sales more than tripled in the first half of the year, driven by the popularity of the Labubu doll, leading to a surge in profits and a significant increase in company valuation, despite concerns over the blind box format and its sustainability.