Beanie Babies billionaire Ty Warner breaks silence after harsh portrayal in ‘The Beanie Bubble’

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Beanie Babies billionaire Ty Warner breaks silence after harsh portrayal in ‘The Beanie Bubble’
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I envisioned a product that kids could afford with their allowance money. My thought process centered around an affordable impulse item.

Zero. But again, they don’t pretend to have made a realistic, historical movie. The disclaimer at the beginning makes this very clear. The movie is 90% made up.

I don’t begrudge the filmmakers that. They are artists. But let’s not pretend the movie is something that it’s not.This is a perfect example of how fictional the movie is. No such person ever existed. Mike Swallow and his 16-year-old son Mark visited the NY Toy show in 1986 and discovered my products. They immediately purchased a container, and Mark still is my #1 distributor of Ty in the world to this day.

This is another place where the movie veers from the truth. Its depiction of Patti Roche as opening up the UK market for us is inaccurate. She ran warehouse receiving and shipping in the company’s early days. She was not even with the company when Beanie Babies were launched.I preferred not to work closely with her again, so I offered her a deal for UK distribution. She ran Ty Europe – a separate company from Ty Inc. – for several years.

I don’t think so. Nothing lasts forever. Most crazes are short-lived and only last a matter of months. The Beanie craze lasted longer than any other craze in the history of toys in the world to date.Warner: I have not spoken to either since they left the company, which was years ago. I would be happy to catch up one day with both and recall those crazy days.Ty Inc. is a privately held company and has never disclosed that information, which is proprietary.How likely is it today for a toy maker to sell their products outside of the big box stores like you did and still have a hit product?Not likely. The big box stores don’t take risks and only buy what’s already been proven in other markets.

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