Yes, BifBangPow Toys (distributed by Entertainment Earth) will be releasing various toys based on the 1980 cult classic. Fan-favorite comic book artist Alex Ross is designing the packaging.
The first two slated are bobbleheads for Flash and Ming. You can see a pic of Flash's bobblehead at BBP's blog: http://bifbangpow.blogspot.com/index.html
It sounds like there are more toys in this line on the way and we'll hear more details at the 2007 Toy Fair in NY in February, so keep your ears open.
And this brings up a related topic: why was there hardly any merchandise based on the 1980 film? There were some Halloween costumes, some tie-in comics and books, some puffy stickers, and a few rare international items (UK cap gun and a French? hanging mobile), but no action figures. Mego, who produced beautiful 10-inch figures in 1978, supposedly planned a line, but these didn't get past the planning stage. I've heard two theories: 1) the licenses were already tied up by Mattell for the animated Filmation line, and 2) the domestic box office was so disappointing that any other plans were shelved. Shame, eh?
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