When Does The DC Comic Adult Collectible License Change Hands Between McFarlane And Mattel? - A Tale Of Two Dates

by Jay Cochran
October 13, 2025
Back in February the folks at Mattel released a press release informing the world that they had once again secured from Warner Bros. the global licensing rights to develop and market a full range of DC Comics -themed action figures, playsets, accessories, role play products, and adult collectibles.

Mattel had held those rights previously up until 2020 when the license was then split up and given to Spin Master who handled the more kids oriented products and McFarlane Toys who was taking over the stuff primarily geared towards the adult action figure collector.

The question now is when exactly will that DC license switch back to Mattel? In the press release put out by Mattel earlier this year, it clearly states that Mattel would be starting their new DC product lines in the second half of 2026.

Through the partnership, Mattel is awarded the global licensing rights to develop and market a full range of DC-themed action figures, playsets, accessories, role play products, and adult collectibles starting in the second half of 2026. The agreement spans all DC stories and characters including Batman, Superman, Wonder Woman, The Joker, Harley Quinn, and many more.

So up until now we all assumed that is when things would switch from McFarlane to Mattel, and McFarlane at least until this weekend never gave any real indication that was an incorrect assumption.

This weekend however that changed. In an interview conducted by the folks at Adventures In Collecting Podcast with Todd McFarlane, Todd says his company has the DC license until THE END OF 2026.



So why are we getting two conflicting dates from the two parties involved? Here are the most likely reasons.

1. Todd perhaps speaking off the cuff in this interview misspoke and got his dates confused.

2. Mattel put the wrong date in their press release back in February.

3. Something has changed between now and February when Mattel put out the press release.

4. We will see some kind of overlap in the second half of 2026 where both companies churn our DC Comic based products.


I would say #4 is the most unlikely reason. The second half of 2026 takes us into the holiday season which is when toy companies tend to sell their most product. So neither company is likely going to want to see another company putting out similar products on the shelves. That really goes for any time of the year but especially during the holidays.

Since the Mattel press release was likely well vetted before being released I tend to doubt #2 is likely either.

So that leaves either #1 or #3, and I honestly couldn't tell you which one of those I think is more likely. I have reached out to folks at Mattel and Warner Bros. to see if either is willing to provide any kind of clarification on this subject. but at this time we have not heard anything back. If I do or if McFarlane issues any kind of clarifying statement we will be sure to update you here.

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Comments...

Last 10 comments - ( Read All Posts )
Admiralty_Entertainment - 2025-10-28 @ 9:11 pm
18 hours ago, Jscott991 said:

In collectors' defense, the Jokerized, blacklight, patina, artist's proof stuff does NOT sell out fast. In fact, a lot of it is heavily discounted.

The figures that sell out are generally classic, normal looking figures of A-list characters or characters that haven't been made before. Also, the Batman movie waves are extremely popular.

I think there's a very clear hierarchy of what sells and what doesn't - classic characters that anyone with even passing familiarity of collectors could tell would be popular will disappear in moments, most everything else will linger for months and months. There seems to be very little in-between the two extremes with these lines. In my experience (which, admittedly, is not a US one) nobody wants the 'repaint' stuff.

Jscott991 - 2025-10-28 @ 2:43 am
15 minutes ago, Atlantis said:

Well said! One of the reasons I don't buy a lot of his figures. Collectors groan when hasbo does reuse, but this guy runs it in the ground....example, the Robin "gold label" and the Robin "Reborn"....c'mon, man.

At the same time, the same collectors run to buy these products! So it all sells out fast. That's all any company cares about, so why would they change? There's no incentive; no negative impact for the company. Its a shame, all around. Just a few tweaks here and there and everyone could be happy, but no.

In collectors' defense, the Jokerized, blacklight, patina, artist's proof stuff does NOT sell out fast. In fact, a lot of it is heavily discounted.

The figures that sell out are generally classic, normal looking figures of A-list characters or characters that haven't been made before. Also, the Batman movie waves are extremely popular.

Atlantis - 2025-10-28 @ 2:27 am
On 10/21/2025 at 1:39 PM, Admiralty_Entertainment said:

Completely this. It drives me nuts and I truly believe it holds back the company as a whole across all its lines. Artificial scarcity creating a high aftermarket price does nothing to help either the manufacturer or the license holder, and the multiple repaints of figures under nonsensical themes (Jokerized, blacklight, patina, iced, artist's proof...) to attempt to squeeze more use out of existing molds are all the same trick that swamped the action figure market in the 90's.

Well said! One of the reasons I don't buy a lot of his figures. Collectors groan when hasbo does reuse, but this guy runs it in the ground....example, the Robin "gold label" and the Robin "Reborn"....c'mon, man.

At the same time, the same collectors run to buy these products! So it all sells out fast. That's all any company cares about, so why would they change? There's no incentive; no negative impact for the company. Its a shame, all around. Just a few tweaks here and there and everyone could be happy, but no.

Atlantis - 2025-10-27 @ 6:26 am

Can't happen soon enough. If the follow on is great, I'll start getting DC figures like I did back in the day with DCU Classics

Admiralty_Entertainment - 2025-10-21 @ 9:39 pm
8 hours ago, Jscott991 said:

(he has a mindset like a 90s comic book collector, and views action figures as a niche market).

Completely this. It drives me nuts and I truly believe it holds back the company as a whole across all its lines. Artificial scarcity creating a high aftermarket price does nothing to help either the manufacturer or the license holder, and the multiple repaints of figures under nonsensical themes (Jokerized, blacklight, patina, iced, artist's proof...) to attempt to squeeze more use out of existing molds are all the same trick that swamped the action figure market in the 90's. I get his "I'm doing my own thing, people will get onboard with it or they won't" mindset since it made him successful in the first place, but it becomes more obstinance in the face of seeing what the market is doing, collector trends and technology improvements.

Jscott991 - 2025-10-21 @ 1:07 pm
1 hour ago, deecee4 said:

Id love it if they used this time to rerelease figures that came and went so fast most weren't able to get them like the manhunter robot and platinum hawkman.

If he had a heart/brain he would re-release Who is Wonder Woman. But he won't. McFarlane is on record opposing straight rereleases and enjoys figures trading for high values on the secondary market (he has a mindset like a 90s comic book collector, and views action figures as a niche market).

Based on today's leaks, it looks like next year will continue to be Batman heavy. Plus we know some of his last figures will be for the Supergirl movie.

deecee4 - 2025-10-21 @ 11:58 am

Id love it if they used this time to rerelease figures that came and went so fast most weren't able to get them like the manhunter robot and platinum hawkman.

Scattergorical - 2025-10-21 @ 4:15 am
4 hours ago, Admiralty_Entertainment said:

I'm interested to see what else he can get out next year given the turnaround time for design/approval/manufacturing. An extra six months that wasn't planned sufficiently in advance would generally only allow for repaints or kitbashes of existing molds... but a lot of that is McFarlane's standard operating model anyway!

Exactly. There's usually something I can use out of every wave, but I have the luxury of being a Multiverse casual.

Admiralty_Entertainment - 2025-10-20 @ 11:33 pm
On 10/20/2025 at 9:35 AM, Scattergorical said:

I thought the extra pace was for a closeout by the end of the year... If he can sustain the shear amount of releases per quarter, it's going to be a fun year.

I'm interested to see what else he can get out next year given the turnaround time for design/approval/manufacturing. An extra six months that wasn't planned sufficiently in advance would generally only allow for repaints or kitbashes of existing molds... but a lot of that is McFarlane's standard operating model anyway!

Scattergorical - 2025-10-19 @ 8:35 pm

I thought the extra pace was for a closeout by the end of the year... If he can sustain the shear amount of releases per quarter, it's going to be a fun year.

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