"Fans of both 'Labyrinth' and 'The Dark Crystal' continue to grow, while both brands also enjoy the passionate and loyal support of committed followers for decades," Federico San Martin, vice president of global consumer products for The Jim Henson Company, said in a statement Friday.
"We are looking forward to McFarlane toys introducing the characters that defined these classic adventures to our legions of fans around the world."
"Jim Henson was one of the most visually creative minds, and these incredible movies are just the tip of the iceberg," added Todd McFarlane, owner and chief executive officer of McFarlane Toys.
"We pride ourselves on our creativity and attention to detail, and to be able to make figures of these iconic characters is something pretty special."
The upcoming toys will include a 7-inch figure of "Labyrinth's" Jareth the Goblin King, played by David Bowie, who died of cancer last year.
The toy will go on sale in November.
"The Dark Crystal" fans can look forward to figures of puppet characters Jen and Kira in the spring of 2018.
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Netflix announced this week that it is working on a "Dark Crystal" prequel series.
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