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VALIANT SOLD
Posted: 020918

Bought Up by its Largest Stockholder in Order to Facilitate Film Production

Valiant Entertainment is now fully owned by DMG Entertainment. DMG, which co-produced Looper and Iron Man 3, already owned a 57 percent stake in Valiant. The decision to take over the entire company was made to make the creation of film properties based on the comics easier. According to DMG CEO Dan Mintz the move was made by doing that and not the comics. Valiant was formed in 1989 with former Marvel Comics Editor-in-Chief Jim Shooter then sold in 1994 to game developer and publisher Acclaim Entertainment. The company went out of business after filing bankruptcy in 2004 and in 2005 a group led by Dinesh Shamdasani and Jason Kothari picked up the rights to the Valiant catalog which led to the company being renamed Valiant Entertainment. The comics owned by them hit the racks again in 2012. Shamdasani, Gavin Cuneo and Peter Cuneo will resign from as the CEO/CCO, COO and chairman but Shamdasani and Gavin Cuneo will remain involved with the company in a consulting role. It was made clear that Valiant will continue publishing monthly comics.

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