Valiant Entertainment is partnering up with Chinese-based distribution company DMG Entertainment to bring Valiant characters to the big screen, according to a report from The New York Times. The deal is described as a nine-figure investment geared at creating films for global audiences as well as animation, theme parks, and merchandise.
Valiant already has three movies in development, including Archer & Armstrong and Shadowman with the Sean Daniel Company, and Bloodshot with Sony.
DMG Entertainment began as an advertising agency and added movie production to its services in the last 6 years, contributing to the production and distribution of Iron Man 3 in China. DMG’s involvement in Iron Man also contributed to the casting of Chinese actor Wang Xueqi and extra footage shot in Beijing. The company is said to have strong ties to the Chinese government and China Film Group, China’s largest state-run film enterprise.
Though the exact figure of the deal was not disclosed, the description is akin to the 2005 deal cultivated by Marvel and Merrill Lynch, which gave Marvel access to $525 million over eight years – the results of which were lucrative, to say the least.