The Nine-Figure Deal Establishes an Unprecedented Partnership for Feature Film Financing, Distribution and Licensing in China and Beyond
DMG Entertainment is also producing a slate of Hollywood/China films, such as Iron Man 3 (shooting in summer 2012) and Looper (set for a fall 2012 release), as well as a strong lineup of star-driven Chinese-language films. DMG Entertainment CEO Dan Mintz reached an agreement to buy Taiwan’s top television network, EBC, from private equity firm Carlyle Group.
(New York, NY and Beijing, China, March 9, 2015) – Valiant Entertainment – the award-winning comic book publisher with a library of more than 2,000 characters, including X-O Manowar, Bloodshot, Harbinger, Shadowman, Archer & Armstrong, and more – and DMG Entertainment, the Beijing-based leader in global entertainment, today announced a new partnership to span motion pictures, television, publishing, and licensing that will culminate in the big screen debut of Valiant’s universe of characters in theaters around the world.
In conjunction with this new partnership, DMG has made an eight-figure (USD) series C round of equity investment into Valiant, which the company will use to further its efforts in international publishing, film, television, licensing and beyond. DMG has dedicated an additional nine-figures (USD) of film financing capital toward the production of theatrical films and television programs based on Valiant’s library of iconic superhero characters.
In total, the new agreement is the first deal of its kind brokered between an internationally based entertainment company and a leading independent publisher of comic books and graphic novels. Utilizing DMG’s expertise in international film development, production, and distribution, Valiant will begin to establish its cinematic universe in the United States, China and beyond. Current Valiant feature films in development include the previously announced BLOODSHOT from Sony Pictures in partnership with Original Film; SHADOWMAN in partnership with the Sean Daniel Company from a script by J. Michael Straczynski; and ARCHER & ARMSTRONG, also with the Sean Daniel Company from a script by BenDavid Grabinski; among others. Valiant has also already begun development on several television projects.
The unprecedented partnership between Valiant and DMG offers both companies the ability to develop and co-produce tent-pole theatrical films for distribution and release simultaneously in the United States, China – the world’s fastest growing film market with more than $4.8 billion in box office receipts in 2014 – and the rest of the world.
“Global markets, like China, offer the greatest opportunities for monetization from merchandising, licensing, as well as revenues from film and television properties. Comic superheroes are the most lucrative and sought after IP for movie franchises, so taking a stake in the last independent massive comic universe is a strategic investment for DMG that will produce movies and TV that are both appealing and relevant to a global audience,” said DMG CEO Dan Mintz. “We are excited by the opportunity to bring these incredibly engaging characters and their stories to the big screen.”
https://cleverintl985.weebly.com/blog/anki-download-mac. Beyond film alone, DMG and Valiant will work in concert to form China-focused licensing partnerships for Valiant’s stable of characters in areas such as Chinese language publishing, animation, online gaming, toys, apparel, live events, theme parks, and more, with a focus on bringing Valiant’s iconic heroes to new audiences in China and Asia-Pacific.
DMG Entertainment has a proven track record of introducing celebrated superheroes to the Chinese/international marketplace. In 2013, the Beijing-based studio and production company co-produced and co-financed Marvel Studios’ IRON MAN 3 – the highest grossing foreign film of 2013 and sixth highest of all time in China. DMG is currently co-producing high-octane thriller AUTOBAHN, starring Anthony Hopkins, Ben Kingsley, Felicity Jones and Nicholas Hoult; and the extreme actioner POINT BREAK, directed by Ericson Core; both films will hit screens worldwide in 2015.
“Valiant’s iconic stable of intellectual property and world class management team coupled with DMG’s unmatched skill with entertainment brand building in China make a formidable partnership,” said Valiant Chairman Peter Cuneo. “We will look forward to introducing some of the most popular superheroes of all time to the world’s fastest growing market across all media forms.” Dmg dermatology naperville il.
“Audiences in China and the rest of the world are hungry for heroic stories that they can more easily relate to…and with the international box office accounting for the biggest piece of the total gross, the time is right for a truly international superhero franchise. https://cleverintl985.weebly.com/grammarly-mac-download.html. DMG will bring its unique global perspective to the task of transforming the Valiant Universe into the first international comic-movie universe,” said DMG President Wu Bing.
Celebrating its 25th anniversary in 2015, Valiant is one of the most successful comic book publishing companies in the history of the medium with more than 81 million comics sold and a library of more than 2,000 distinct characters. Established by a brain trust of legendary comics creators – including former Marvel Editor-in-Chief Jim Shooter; seminal Iron Man writer and artist, Bob Layton; and the visionary writer and illustrator of Wolverine: Weapon X, Barry Windsor-Smith – Valiant’s heroes and villains inhabit the largest independently owned superhero universe anywhere in comics.
Re-established in 2005 as Valiant Entertainment with a best-in-class management team that includes Chairman Peter Cuneo, CEO & Chief Creative Officer Dinesh Shamdasani, COO & CFO Gavin Cuneo, President of Licensing, Promotions & Ad Sales Russell A. Brown, Publisher Fred Pierce and Vice Chairman Jason Kothari, the company returned to great commercial and critical success in 2012, winning a Diamond Gem Award for Publisher of the Year and numerous industry awards and accolades. To date, Valiant’s titles consistently rate among the best reviewed in comics.
“Today marks one of Valiant’s biggest milestones yet with a huge step towards bringing the Valiant characters to the big screen and forging the foundation of the first truly international cinematic universe,” said Valiant CEO & Chief Creative Officer Dinesh Shamdasani. “By bringing Valiant’s biggest heroes to theaters around the world in concert with our new partners at DMG, we look forward to making Valiant not only an iconic name in comics, but global entertainment as well.”
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![Dmg entertainment china cabinet Dmg entertainment china cabinet](/uploads/1/3/3/9/133909134/484613636.jpg)
About DMG
DMG is a global entertainment and media company with diverse international holdings across motion pictures, television, music, gaming, creative management and entertainment-themed properties, as well as offering advertising, marketing and brand communications services. DMG Entertainment, the company’s entertainment division, makes movies and television shows, along with music promotion, licensing and merchandising, cinemas and gaming with a focus on telling stories that appeal to global audiences with operations in North America/Hollywood and Asia/China. DMG Entertainment’s films include the record-setting blockbuster IRON MAN 3, the critically acclaimed sci-fi hit LOOPER, and the techno-thriller TRANSCENDENCE; along with some of China’s highest-grossing films including NO MAN’S LAND, FOUNDING OF A REPUBLIC and GO LALA GO!. DMG Entertainment is currently working on the high-speed thriller AUTOBAHN, starring Anthony Hopkins, Ben Kingsley and Nicholas Hoult; and Point Break, directed by Ericson Core, for release in 2015.
DMG Entertainment China [SHZ: 002143] publicly traded on the Shenzhen stock exchange.
DMG Entertainment China [SHZ: 002143] publicly traded on the Shenzhen stock exchange.
About Valiant Entertainment
Valiant is a leading character-based entertainment company with a library of over 2,000 characters, including X-O Manowar, Bloodshot, Harbinger, Shadowman, Archer & Armstrong and many more. Established in 1989, Valiant has sold over 81 million comic books, and today its characters continue to be forged in publishing, licensing, film, video games, and beyond. Since its summer 2012 relaunch, Valiant has returned to the fore as one of the most highly regarded publishers in comics, winning a 2012 Diamond Gem Award for Comic Book Publisher of the Year. Visit them online at ValiantUniverse.com.
Additional Executive Quotes
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“DMG is a force in China. This partnership will bring Valiant’s iconic characters to the Chinese marketplace in a fashion unprecedented in the world of superheroes and comics to date. DMG will introduce Valiant’s universe to Chinese audiences and, in the process, enhance the appeal and relevance of our characters to the fastest growing marketplace for entertainment in the world,” said Gavin Cuneo, COO & CFO for Valiant Entertainment.
Industry | Entertainment |
---|---|
Founder | Dan Mintz |
Headquarters | Beverly Hills, CA, |
Website | www.dmg-entertainment.com/ |
DMG Entertainment is a Chinese media and entertainment company with holdings and operations across motion pictures, television, comic book publishing, gaming, next-gen technology and location-based entertainment. The studio's most recognizable films include Looper (2012) and Iron Man 3 (2013).
History[edit]
DMG Entertainment began as a film production company that was founded by Dan Mintz, Bing Wu, and Peter Xiao.[1] In the late 2000s, DMG began distribution of non-Chinese films in Chinese theaters, including Twilight and Knowing.[2]
Film production was added to DMG's portfolio in 2009, and its first production was The Founding of a Republic (2009). DMG also contributed to the productions of Looper (2012) and Iron Man 3 (2013) and distributed the films in theaters in China.[1] DMG became involved with Looper as Endgame Entertainment's Chinese partner. After the companies closed the deal in January 2011, changes to film production included casting Chinese actress Summer Qing and setting part of the film in Shanghai. DMG's involvement allowed it to distribute the film in China at the same time as its international premiere, where there was usually 'a blackout period' before non-Chinese films could be screened in China.[3] While Chinese regulators did not grant Looper official co-production status, DMG's involvement with Looper as a Chinese company permitted its distribution of the film. Variety reported, 'That means that the film could be considered domestically Chinese, which can provide the same benefits as a co-production.'[4]
DMG also contributed as a production partner for Marvel Studios' Iron Man 3, though Disney and DMG withdrew plans to apply for official co-production status in China. Despite the withdrawal, DMG's involvement resulted in inclusion of various Chinese elements such as the casting of Chinese actor Wang Xueqi and footage shot in Beijing. The companies also edited a different version of Iron Man 3 to be distributed in China. The version included a scene with actor Fan Bingbing and 'bonus footage specifically for Chinese viewers'.[4]
Variety reported that the company benefited from 'strong connections' with Chinese government officials and the state-run film enterprise China Film Group. The trade paper said, 'The journeys of 'Looper' and 'Iron Man 3' were not exactly smooth, with questions over whether they would qualify as co-productions, which enjoy vital benefits in distribution, immunity from blackout periods and a far greater revenue share.' Mintz said DMG's involvement with the films has helped validate its approach to the Chinese film market.[1] It was announced January 29 2018 that DMG fully acquired the comic publisher Valiant Entertainment, which it previously held 57% ownership. DMG had a deal with Valiant to produce five movies based on Bloodshot and Harbinger. Upon acquiring the whole of Valiant, DMG forced founding President and CEO Dinesh Shamdasani out of the company.[5]
Filmography[edit]
- Twilight (2008) – theatrical distribution (China)
- The Founding of a Republic (2009) – co-production
- Knowing (2009) – theatrical distribution (China)
- Go Lala Go! (2010) – co-production
- Killers (2010) – theatrical distribution (China)
- RED (2010) – theatrical distribution (China)
- Resident Evil: Afterlife (2011) – theatrical distribution (China)
- The Eagle (2011) – theatrical distribution (China)
- Beginning of the Great Revival (2011) – co-production
- Love You You (2011) – co-production
- Priest (2011) – theatrical distribution (China)
- Repeat I Love You (2012) – co-production
- Looper (2012) – co-production, theatrical distribution (China)
- Iron Man 3 (2013) – co-production
- No Man's Land (2013) – co-production
- Transcendence (2014) – co-production, theatrical distribution (China)
- Point Break (2015) – co-production, theatrical distribution (China)
- Collide (2015) – co-production
- Terminator 2 3D (2016) – theatrical distribution (China)[6]
- Blockers (2018) – co-production[7]
Dmg Entertainment Financials
References[edit]
Dmg Entertainment Movies
- ^ abcCoonan, Clifford (June 5, 2013). 'DMG's Dan Mintz: Hollywood's Man in China'. Variety. Retrieved August 1, 2013.
- ^Staff (November 30, 2010). 'Resident Evil: Afterlife--China's No.1 3D film at box office'. China.org.cn. China Internet Information Center. Retrieved August 1, 2013.
- ^Goldstein, Gregg (October 6, 2012). 'China partner helps 'Looper' win big'. Variety. Retrieved August 1, 2013.
- ^ abGraser, Marc (March 29, 2013). 'China Gets Own Version of 'Iron Man 3′'. Variety. Retrieved August 1, 2013.
- ^'Comic Book Shake-Up: DMG Entertainment Acquires Valiant (Exclusive)'. The Hollywood Reporter. Retrieved 2018-01-29.
- ^'James Cameron, DMG Partner for 'Terminator 2' 3D Rerelease Targeting China (Exclusive)'. The Hollywood Reporter. Retrieved 2017-03-17.
- ^'Leslie Mann, John Cena, Ike Barinholtz to Star in Comedy 'The Pact' (Exclusive)'. Variety. Retrieved 2017-04-25.
External links[edit]
Dmg Entertainment Movies Produced
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