Valiant Comics Heading to the Big ScreenMarch 9, 2015
Valiant Entertainment, the publisher of comics like X-O Manowar, Archer & Armstrong and Bloodshot, has announced its characters may soon be on the big screen after securing nine-figure funding for its own movie division.
The New York Times revealed on Sunday night that DMG Entertainment, based in Beijing, had invested the sum in Valiant, with the money earmarked for developing TV shows and films based on Valiant characters. DMG is no stranger to comic book movies, having co-produced and co-financed Iron Man 3.
Part of the deal will see projects designed specifically for the Asian market, from Chinese-language publishing and toys to theme parks.
Valiant was formed in 1989 by former Marvel Comics editor-in-chief Jim Shooter and Marvel writer/editor Bob Layton, with early titles including Harbinger and X-O Manowar. It was sold to Acclaim Entertainment in 1994, though the firm went bust in 2004. Valiant was relaunched as Valiant Entertainment a couple of years later.
Peter Cuneo, the chairman of Valiant, told the New York Times back in 2012 that he envisioned the company as “Marvel 2.0”. He had said he was confident about securing funding.
“Investors like to be able to compare concepts to other concepts. With Valiant, we very much have a blueprint to follow, which is Marvel.”
A number of films are already in development, including Bloodshot with Sony Pictures, Shadowman, which is being scripted by J. Michael Straczynski (World War Z, Changeling), and Archer & Armstrong.