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.”
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.