This is what the newly reformed Valiant Entertainment has been building towards for the last few years Turning the superhero line they publish into movies. There have been lots of rumours along the way, lots of projects announced, teased and rumoured. But now they have shown us the money.
Valiant PR gave the word to the New York Times. Hundreds of millions to make Valiant-based TV shows, and movies for the cinema.
And they have also received tens of millions of investment into the New York publisher itself, from the Beijing-based entertainment company DMG who co-funded Iron Man 3. However DMG remain a minority investor. They will also work together to pursue large-scale Chinese licensing programs for the Valiant characters beyond film in publishing, toys, gaming, apparel and more.
This is certainly the biggest competition in terms of superhero-based films and TV to Marvel and DC's hegemony and the biggest film financing announcement from a comics publisher since Marvel Studios set up to make Iron Man.
The films are to be co-funded and distributed by major Hollywood studios, beginning with Bloodshot for by Sony Pictures and Neal Moritz's Original Film (producers of the Fast and the Furious and Jump Street franchises)
The DMG investment looks likely to secure Chinese distribution for Bloodshot and the like, one of the biggest prizes for US movie studios right now – and was very valuable for the success of Iron Man 3, Transformers 4 and the latest Pirates Of The Caribbean.
Other Valiant films already announced include Shadowman written by J. Michael Straczynski, and Archer & Armstrong with the Sean Daniel Company (Mummy franchise)
Look for more announcements at upcoming comic book conventions. Going to be an even bigger San Diego…
Originally founded by ex-Marvel EIC Jim Shooter and Bob Layton in 1989, Valiant went through more ups and downs than any other publisher, before being sold by their investors by to characters and concepts were much fought over, with Valiant Entertainment entrepreneurs Dinesh Shamdasani and Jason Kothari winning out in 2005, then hiring ex-Marvel CEO Peter Cuneo as an investor. As well as reviving the likes of X-O Manowar, Bloodshot, Rai, Quantum & Woody, Eternal Warrior, Harbinger and more, they have also begun to publish original concepts as part of the canon.
Of late they have hired established staffers and big name on-the-rise comic book creators from Jeff Lemire to Paulo Rivers to Matt Kindt to continue to revive the characters and line,