Superhero Publisher Valiant Sold to DMG Entertainment

Entertainment

Superhero Publisher Valiant Sold to DMG Entertainment

By Harpreet Kaur

January 30, 2018

Valiant Sold: Valiant Entertainment has been fully acquired by DMG Entertainment, according to The Hollywood Reporter. The Beijing-based media company previously owned at 57% stake in the company as part of a multi-million dollar investment in Valiant back in 2015. Valiant CEO/CCO Dinesh Shamdasani, who was part of the team that revived the company in 2012, is “transitioning out” as part of this deal according to THR.“This is about taking it to the next level,” said DMG founder/CEO Dan Mintz. “I am not looking on expanding from a publishing standpoint but from a motion picture standpoint.” Mintz said that “the plan is not to go in there and take apart what’s working,” and that Valiant’s comic writers and artists will continue working – and expand to working more on film, television, and other platforms.“You can expect more strong storytelling with a defined road to other platforms,” Mintz said. “I’m also looking forward to bringing the writers close to the filmmaking process, which is something that is also important, and not keeping them siloed into the comic book area.”Valiant has had a bit of an odd history: It was originally founded in the late 1980s by an ousted editor-in-chief of Marvel Comics, experienced a brief boom in the early ’90s, collapsed, was purchased by a video-game company around the turn of the millennium, collapsed again, was purchased by two fans who’d grown up on the original comics, and relaunched by them in its current form in 2012. Since then, Valiant has never been a heavyweight in the comics industry, but it’s won acclaim for series like Ninjak, The Death-Defying Dr. Mirage, X-O Manowar, Quantum and Woody, and the Eric Heisserer–penned Secret Weapons. They also managed to put a handful of their characters into the Hollywood hopper, with Vin Diesel attached to a movie about supersoldier Bloodshot, and Dave Bautista attached to one about the eternal warrior known as the Eternal Warrior. The Russo Brothers were also reportedly producing a TV version of Quantum and Woody.In 2015, Valiant partnered with Sony Pictures for a five-picture deal for two Bloodshot movies, two Harbinger Wars movies, then a crossover Harbinger Wars movie. After several delays, the first Sony film, Bloodshot, is scheduled for release in 2019. Valiant has also announced plans for movies based on Shadowman, X-O Manowar, Archer & Armstrong, and Quantum & Woody with various production companies, and a Second Life of Doctor Mirage is in development for TV. In addition to that, Valiant also self-funded a web-series titled Ninjak vs. the Valiant Universe, which is scheduled to be released sometime this year.While THR claims Valiant is the #3 publisher behind Marvel and DC Comics, as determined by the number of characters it owns, in 2017 Valiant was not among the top 10 Direct Market publishers in terms of dollar sales, accounting for less than 1% of market share. It was number nine in terms of unit sales, with 0.87% market share.