The hugely popular Labubu dolls will soon star in their own feature film, Chinese toy company Pop Mart and Sony Pictures have announced.
A Labubu movie that will combine live action and computer-generated animation is in early development, the two companies said in a statement.
The film will be directed by Paul King, whose recent credits include Wonka and Paddington. No release date has been set.
Labubus have become a global sensation in recent years and sales have turned Pop Mart into a toy-making behemoth worth nearly $40 billion (£29.9 billion), surpassing established rivals like Barbie-maker Mattel.
The Labubu craze has helped Pop Mart expand beyond toys to operating a theme park in Beijing. Now, the company is venturing into film.
Labubus are Pop Mart's most popular toys. Part of their appeal is that they are sold in blind boxes - buyers don't know which Labubu they are getting until they open the package.
Celebrities like Rihanna and Lisa from Blackpink have also been photographed wearing Labubu charms with their designer bags.
Created over a decade ago by Hong Kong artist Kasing Lung, Labubu is a forest elf inspired by Nordic mythology and part of Lung's book series, The Monsters, which features a large number of fantasy characters.
The Labubu movie was announced in Paris on Wednesday during a global exhibition tour for the Labubu toys' 10th anniversary.
Lung will serve as the film's executive producer. Aside from directing, King will also co-produce and develop the script with Steven Levenson, the writer behind the stage show Dear Evan Hansen and the musical film Tick, Tick... Boom!
Pop Mart's plan to launch a Labubu media franchise is a logical next step after the toys' popularity, experts said. A Labubu movie could help Pop Mart evolve from a toy retailer to an entertainment brand.
For Gen Z and Millennial consumers, content and commerce are closely intertwined - watching a story, connecting with a character, and then buying into that world is a seamless journey... The potential is very high, Kim Dayoung, a marketing lecturer at the National University of Singapore, explained.
It could also reassure Pop Mart investors about the value of the company. Labubu has a loyal and fanatic customer base, so a film could potentially be a significant growth opportunity for them, if the content is appealing, added Kapil Tuli from the Lee Kong Chian School of Business at the Singapore Management University.
A Labubu movie could also capitalize on the momentum of Chinese animation, following the blockbuster success of Ne Zha 2 and the video game Black Myth: Wukong. It's a good moment to make that jump, Tuli concluded.
