Sources are suggesting that is indeed the case, with the size of Valiant’s investment in the project coming under question from DMG Entertainment.Īlso unknown at this time is the status of two licensing deals Valiant has announced in recent months, for prose novels with Blackstone Publishing and sneakers with apparel manufacturer BLANX.Īccording to sources familiar with the situation, Valiant’s long term financial situation has been in question for some time, with a number of employees, including top editors at the company, actually working on a freelance basis. Fans are already complaining about the lack of updates and wondering if the project has been abandoned. Launched with great fanfare earlier this year, the project has not been significantly updated since July, with at least one announced deadline for a new NFT minting having been missed. Also on the schedule are two new series, Bloodshot Unleashed, to launch in September, and X-O Manowar Unconquered, to debut in November it’s unclear as of time of writing what the status of either project actually is.Īccording to a source familiar with the situation, one obligation that will not be met is the recently announced Valiant NFT game.
According to multiple sources, only a skeleton crew remains in place for the time being, with some estimates running as low as three employees.Įarlier reports from Bleeding Cool and had suggested that publisher Fred Pierce was one of the employees dismissed, but that appears to be erroneous, with Pierce seemingly still in place at least in some capacity as the company moves to complete existing obligations, including an upcoming Eternal Warrior graphic novel funded earlier this year on Kickstarter and due to be published in November. Sources have revealed that a number of key employees, including the majority of the editorial staff, were laid off in the first week of August as parent company DMG Entertainment pulled back on spending at the company.
Valiant Entertainment is the latest publisher to be hit by a sudden wave of layoffs, with only a handful of employees remaining with the company and its long term future uncertain, Popverse can confirm.
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