McFarlane has collaborated with artists like Clive Barker and H.R. The company has produced original works, giving a grotesque twist to fairy tale stories such as The Wonderful Wizard of Oz, and historical figures. Other media such as story book characters from Where the Wild Things Are have been represented.
Production began with action figures based upon Todd McFarlane's Spawn comic series and has since grown to feature a large number of licensed property lines including The Simpsons and "Movie Maniacs" (which features numerous famous horror icons such as Freddy Krueger, Jason Voorhees, Michael Myers, The Terminator, Leatherface, and The Thing), as well as other characters and lines like basketball and baseball legends, and characters from video games such as Soulcalibur, Onimusha, and Metal Gear Solid. Originally dubbed "Todd's Toys," the name was changed in 1995 following pressure from Mattel, who feared that the new company's name would be confused with that of Barbie's younger brother.
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When the two could not decide on how to make the toys to McFarlane's satisfaction, he reclaimed the toy rights to his characters and started his own toy company. In 1994 Todd McFarlane was working with Mattel to produce action figures based on his comic book characters.