Valiant Entertainment SOLD to DMG Entertainment
After strong beginnings by Jim Shooter in the 1990’s, Valiant Comics has been bought and sold before. Having been sold to Acclaim Entertainment in 1994, the comic line saw significant decline after relaunching and then finally stopped all together, then didn’t see the light of day until Acclaim declared bankruptcy and Valiant was purchased by Dinesh Shamdasani and Jason Kothari in 2005. Fast forward to 2012 where we saw the relaunch of Valiant with titles such as X-O Manowar, Harbinger, Bloodshot, and Archer & Armstrong. Having spent the last 6 years maintaining presence as the alternative for many who wanted a connected universe of comics but not bogged down by the years of continuity and complicated plot lines, Valiant saw many successes and has been widely recognized as the alternative to the big two of DC and Marvel.
Today, rumors began to surface early this morning that Valiant had been purchased once again. Now the rumors have been proven to be true. Filmmaker and DMG Entertainment Founder Dan Mintz has announced the acquisition of Valiant Entertainment.
Mintz, apparently having held a large stake in Valiant since 2014, has now made the move to have total control of the publisher in an effort to take their over 2000 characters and make them into film and television giants to rival Warner Bros. owner of DC Comics, and Disney owner of Marvel Comics and make DMG Entertainment what he’s calling, “one of the most valuable and innovative media companies in Hollywood.”
“Our priority is to build upon Valiant’s vast universe of characters from a filmmaker’s perspective,” Mitnz Contin “I’m excited to immerse Valiant’s fans well beyond the stories we tell cinematically — from publishing to gaming to theme parks and beyond.”
This comes after multiple announcements from Valiant in regards to multimedia moves. From Ninjak Vs the Valiant Universe, the web series that has been said to be released in partnership with Youtube channel BatInTheSun, The announcement of a Quantum and Woody television series, as well as speculation that Jared Leto could be cast as Bloodshot in a Sony produced movie and the casting of Dave Batista as Eternal Warrior in an unnamed project. With all these ventures into multimedia, and now with DMG taking over, it looks that Valiant is expanding even more.
Mintz isn’t some random in the industry either. The Valiant acquisition is the latest in a string of high-profile strategic moves from Mintz and DMG, the global entertainment powerhouse valued at more than $6 billion. In addition, the company has continued to expand its purview with new initiatives in intellectual property, virtual reality, e-sports and live attractions based on top-tier global franchises, including Hasbro’s “Transformers.”
Mintz has a strong track record when it comes to producing and financing global IP, including Marvel Studios’ “Iron Man 3” and the acclaimed sci-fi thriller “Looper.” Additionally, DMG has produced numerous major motion pictures, including its recent partnership with James Cameron and Studio Canal to reimagine “Terminator 2” in 3-D for global theatrical release. DMG’s upcoming feature films include “Chappaquiddick,” starring Jason Clarke and Kate Mara, and “Blockers,” starring Leslie Mann and John Cena; both films will hit screens worldwide in 2018.
Is Valiant in trouble from a comic book perspective after years of hard work? Hopefully not from what Mintz say’s.
“This is about taking it to the next level,” says Mintz, a former filmmaker-turned-entrepreneur. “I am not looking on expanding from a publishing standpoint but from a motion picture standpoint.”
Valiant has had an excellent track record since their relaunch in 2012. We can only hope that with amazing characters like X-O Manowar, Faith, Ninjak, Shadowman and Bloodshot, this can be a move that helps elevate them rather than history repeated itself.