The Mego Corporation was (and is) a toy company founded in 1954. Originally known as a purveyor of dime store toys, in 1971 the company shifted direction and became famous for producing licensed action figures (including the long-running “World’s Greatest Super Heroes” line), celebrity dolls, and the Micronauts toy line. For a time in the 1970s, their line of 8-inch-scale dolls with interchangeable bodies became the industry standard. In 1982 Mego filed for bankruptcy, and by 1983, the Mego Corporation ceased to exist; today, Mego figures and playsets can be highly prized collectibles, with some fetching hundreds, or even in some cases, thousands of dollars (depending on rarity) in the collectibles market. Toy Industry Update: As of July, 2018, Mego Corporation has announced they will be producing a limited run of their classic style clothed figures in their traditional 1/9 scale as well as some 1/5 figures sold exclusively through Target Stores.
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