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Dark Horse Entertainment has announced a new partnership with Vanguard Visionary Associates, a Hong Kong-based company specializing in pop culture and entertainment, which will afford the Oregon-based comic publisher more financial freedom to develop and acquire properties for the screen and expand into new territories.
“We are extremely pleased with our new relationship with the people at Vanguard Visionary Associates,” Dark Horse CEO and founder Mike Richardson said in a statement about the deal. “We’ve had great success over the years, funding our company internally and watching it grow from modest beginnings through the hard work of our amazing staff. This new arrangement will allow us to accelerate our growth and extend our reach worldwide. The deal will offer resources that will take our company to the next level. It will also present new opportunities for our employees as well as the talented content creators we work with.”
According to Dark Horse, the deal is intended to allow the company to fully finance development of properties already owned by the company, as well as acquire outside material for media adaptation. Additionally, the partnership is intended to be a gateway for Dark Horse to bring its comic book library to new foreign markets, with a particular focus on China.
As part of the partnership, Vanguard Visionary Associates chairman Stanley Cheung will join the board Dark Horse Entertainment. Prior to his current position, Cheung was the chairman of the Walt Disney Company in Greater China, and also has experience in the Chinese consumer arm of Johnson & Johnson.
Calling the new deal “a great fit between our companies,” Cheung added, “Our goals are similar, and we feel that by combining our efforts we will be able to enhance Dark Horse’s visibility internationally on the way to making it a leader in the film business, while also making its publishing and product offerings available to new fans around the world.”
Dark Horse was created in 1986 as Dark Horse Comics, with Dark Horse Entertainment officially launching in 1992; projects currently in the works include Netflix’s The Umbrella Academy and Polar, as well as Neil Marshall’s upcoming Hellboy reboot.
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