DMG Entertainment, the entertainment business involved with films like Looper and Chappaquiddick, has obtained Valiant Entertainment, the comic publisher that boasts the third-largest universe of superhero characters supporting Marvel Comics and DC (Detective Comics). DMG, run by founder and CEO Dan Mintz, currently had a 57% stake in Valiant following their $100 million in 2016. They’ve purchased the rest of Valiant, providing DMG possession and giving them a launching pad for a push.
Producer and CEO of Valiant Entertainment
Valiant Comics was founded by Marvel Comics editor-in-chief Jim Shooter with businessman Steven Massarsky and lawyer. In 1994, the business was offered to Acclaim Entertainment. Following Acclaim declared bankruptcy in 2004, the business was declared as a member of Valiant Entertainment by entrepreneurs Dinesh Shamdasani and Jason Kothari in 2005. Making use of former Marvel writers and artists, Valiant has built a robust library of something around 2,000 characters, and publishes award-winning line of comics from top authors and artists with titles like X-O Manowar, Bloodshot, Harbinger, Shadowman, Archer & Armstrong, and Ninjak.
While DMG is located in Los Angeles it isn’t. That comes from shareholders in China. Mintz is credited as being a film director, but his stellar qualifications are thin. In producing the majority of his chops seem to be — that provides the foundation he needs to be a force to be reckoned with in the deal that is new to him.
Mintz says he isn’t seeking to make wholesale changes — “The plan isn’t to really go in there and take apart what is functioning,” he says — but that doesn’t mean that there are not any changes already occurring. Apparently Shamdasani, that behaved as CEO, is cashing out and dangling from the business.
While the specifics of who’s likely and who’s staying are up in the atmosphere, Mintz says authors and that the artists that remain will work on comics, but additional programs.
“You can expect stronger storytelling with a defined road to other programs,” he says. “I’m also looking forward to bringing the authors close to the filmmaking process, and it can be something that is also significant, rather than keeping them siloed to the comic book area.”
Valiant has been occupied in Hollywood. Harbinger and Bloodshot are at Sony, also Quantum and Woody, is currently in development for a television series with all the Russo Brothers’ Getaway Productions, while Dr. Mirage is set up at CBS Studios as well as The CW Network.
There’ll be a strong focus on injecting intellectual property back to the Chinese market, and Mintz already has experience there, using led an Iron Man 3 brief according to footage from the film for them.
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DMG Entertainment Acquires Valiant Entertainment
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Chinese funded DMG Entertainment buys the rest of entire comic business, giving it 100 percent ownership.
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source http://www.hundredwattstudio.com/dmg-entertainment-acquires-valiant-entertainment/
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