The characters of the Valiant Universe are in for a pretty big change going forward. While the characters & their adventures will likely stay the same, the people behind the scenes guiding them will be changed quite a bit.
According to The Hollywood Reporter, Valiant Entertainment has been fully sold to Bejing-based entertainment company DMG Entertainment who previously held a 57 percent stake in Valiant after investing back in 2015. DMG CEO and founder Dan Mintz made the move to expand to whole ownership of the company in order to push Valiant more beyond the comic pages into film, movies, and other media platforms.
“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 was first formed in 1989 by Jim Shooter as one of the founders and was bought by Acclaim Entertainment in the 90s but eventually closed its doors in the early 2000s. Back in 2012 though, Valiant made a big-time rebooted return to the comic world of superheroes thanks to entrepreneurs Dinesh Shamdasani and Jason Kothari.
While Mintz said that he is not looking to make drastic changes to the company, as part of the deal for full ownership current CEO/CCO Shamdasani is said to be “transitioning out of the company.
Reportedly the writers and artists on books currently will keep working on those comics but at the same time will be brought in to work closer with the other media platform focuses.
“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.”
Currently Valiant already has deals with Sony for Harbinger and Bloodshot films and a television deal with the Russo Brothers for Quantum and Woody along with a deal for a Dr. Mirage series with CBS Studios and The CW Network. Likely the greater focus on other media platforms could see films or shows for X-O Manowar, Ninjak, Faith, Archer & Armstrong, Shadowman and the other 2,000 ish characters that the company owns that are not already getting such deals.