BLITZWAY

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BLITZWAY - overview

Established

2010

Location

Seoul, -, South Korea

Primary Industry

Media

About

BLITZWAY CO. , LTD, based in Seoul, South Korea, specializes in high-quality collectible action figures and replicas, catering to a global market of enthusiasts and collectors. Founded in 2010, BLITZWAY is a South Korean company that focuses on designing and producing action figures and collectibles. It is led by CEO Seung-won Choi.


The company has seen no significant pivots in its business strategy since its inception. The founders include Hyeok-cheol Kwon, Min-ki Hong, and Seung-won Choi. BLITZWAY operates from its headquarters in Seoul, South Korea, with a commitment to high-quality craftsmanship and a passion for popular culture. BLITZWAY is a Korea-based figure company that specializes in high-quality collectible action figures, statues, and replicas.


Their core product offerings include meticulously crafted action figures from popular franchises like Ghostbusters and Back to the Future, as well as life-size replicas such as the T-800 Endoskeleton Skull. The company is noted for its partnerships with leading intellectual property holders, which allows it to deliver products that appeal to collectors and fans across North America, Europe, and Asia. By focusing on quality craftsmanship and exclusive designs, BLITZWAY meets the desires of passionate fans across multiple demographics. In 2024, BLITZWAY reported a revenue of USD 26.


61 mn with an EBITDA of USD -2. 99 mn. The company employs a direct-to-consumer sales model primarily through its online platform, where customers pre-order collectible figures and statues. Pricing varies based on product complexity and exclusivity, and flagship items command premium prices.


The company limits the number of items purchased per order to maintain exclusivity, catering to its dedicated customer base who are often repeat buyers. BLITZWAY is actively designing and preparing to launch new products, with specific release dates to be announced. The company plans to expand into new markets, particularly targeting increased sales efforts in Europe and North America by the end of 2025. Recent funding will be utilized to enhance product development and marketing efforts in these regions, aiming to strengthen the brand's presence and product reach.


Primary Industry

Media

Sub Industries

Multimedia & Graphics, Digital Media

Website

www.blitzway.com

Total Amount Raised

Subscriber access only

BLITZWAY - financials

Fiscal Year EndedDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)-15,850,396,278---
% Revenue Growth (YoY)-----
EBITDA (USD)(4,945,400)3,674,920,559---
Operating Income (USD)(4,945,400)3,062,840,559---
Operating Margin-19.3%---
% EBITDA Margin-23.2%---
NET Income (USD)(4,253,713)(11,035,681,507)---
% Net Margin-(69.6%)---

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