King is behind films such as “Wonka” and “Paddington.” The film’s plot and planned release date are not known.
Labubu was created by Hong Kong-born illustrator Kasing Lung as one of several monsters in a series of books inspired by Norse mythology. For Pop Mart, which owns the rights, the dolls have been a cash cow like no other. In 2024, the company made a profit of $1.8 billion, a more than 100 percent increase from the previous year. Sales of Labubu dolls alone increased by 726 percent, according to the New York Times.
