Dinesh Shamdasani, Peter Cuneo, and Gavin Cuneo Resign After Chinese Investors Buy Valiant Entertainment

This morning, Bleeding Cool broke the story that Valiant had been sold. Since then, the details have flowed out in dribs and drabs.

valiant Dinesh Shamdasani
Photo by Kendall Whitehouse

That includes the buyer being Chinese investment firm DMG Entertainment, originally set up in partnership with the Chinese government. Their acquisition of a minority share a few years ago was big news, but as they have stepped up to majority investor and now sole owner after triggering a contractual clause for full ownership, after Valiant were unable to find anyone to match their deal.

As part of this, three Valiant executives will be stepping down. We named CEO/CCO Dinesh Shamdasani as leaving before, but also Chairman Peter Cuneo, and CCO Gavin Cuneo will be going, though Dinesh and Gavin will be transitioning out through consultation. Peter is out straight away.

Stepping up to run the company from DMG's side, I am told, will be Ben Hung, working with Dan Mintz. Hung used to be part of Marvel Studios and now plays a major role in DMG.

While the editorial team will remain at Valiant's New York offices, it wouldn't be the worse advice for prospective other comics publisher employers to check their LinkedIn profiles right now.

About Rich Johnston

Head writer and founder of Bleeding Cool. The longest-serving digital news reporter in the world. Living in London, father of two. Political cartoonist.

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