NYT mast



DC’s Justice League and Marvel’s Avengers are going to have to make room for even more heroes coming to the big screen. The independent comic book publisher Valiant Entertainment and the Beijing-based DMG Entertainment announced on Sunday a nine-figure investment and partnership for feature-film financing as well as publishing, television and licensing opportunities. Valiant’s library of characters and concepts include X-O Manowar, an alien abductee from the past thrown into the present with high-tech armor, and the series Harbinger, about teenagers with special abilities at odds with a corporation out to shape the destiny of the world. Comic superheroes are profitable and highly sought intellectual properties for film franchises, said Dan Mintz, the chief executive officer of DMG, in a statement, “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.” In addition to developing films for release in the United States and China, the two companies will develop Valiant’s characters for new audiences in China and the Asia-Pacific region. There are plans for Chinese-language publishing, animation and theme parks, as well as toys and apparel.