ITV

Tag: Valiant Entertainment

  • Snapdeal brings in Housing.com exec as strategy officer

    Snapdeal brings in Housing.com exec as strategy officer

    MUMBAI: Snapdeal has announced the appointment of Housing.com’s CEO Jason Kothari as its chief strategy and investment officer.

    He will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this key leadership role and will be joining Snapdeal on 16 January. As chief strategy and investment officer for Snapdeal, Kothari’s responsibilities will include leading strategy; corporate development, including all investments and strategic partnerships; raising new capital for the Company; and portfolio management, overseeing companies Snapdeal wholly owns or has invested in.

    Most recently, Kothari was the CEO of Softbank-backed online real estate company Housing.com, where he led the successful turnaround of the Company from a position of distress to a market leader in one and a half years using organic and inorganic growth.

    Under his stewardship, Housing.com changed its business strategy and plan, hired a new experienced management team, restructured and reduced operating costs by 70 per cent going from 2,500 to 900 employees, raised an additional $20 million from lead investor Softbank, and achieved key operating results, such as increasing revenue by 400 per cent, customer visits by 200 per cent to 4.1 million per month and homes listed by 450% to 630,000 homes, becoming the most popular platform for buying and selling homes in the country.

    Prior to joining Housing.com, Kothari was the CEO and vice chairman of character-based entertainment company Valiant Entertainment, where he led the successful acquisition out of bankruptcy, and turnaround of the Company resulting in a record return in the industry and media recognition calling the Company “Marvel 2.0”.

    Snapdeal co-founder and CEO said, “Jason is a strong business leader & entrepreneur who has already been the CEO of two successful companies. Rohit and I warmly welcome Jason to the Snapdeal family and believe we will achieve even greater heights with his addition.”

    Kothari said, “I’m excited to join Snapdeal which is on its way to building one of India’s best companies, and I look forward to helping in making that potential a reality.”

  • Snapdeal brings in Housing.com exec as strategy officer

    Snapdeal brings in Housing.com exec as strategy officer

    MUMBAI: Snapdeal has announced the appointment of Housing.com’s CEO Jason Kothari as its chief strategy and investment officer.

    He will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this key leadership role and will be joining Snapdeal on 16 January. As chief strategy and investment officer for Snapdeal, Kothari’s responsibilities will include leading strategy; corporate development, including all investments and strategic partnerships; raising new capital for the Company; and portfolio management, overseeing companies Snapdeal wholly owns or has invested in.

    Most recently, Kothari was the CEO of Softbank-backed online real estate company Housing.com, where he led the successful turnaround of the Company from a position of distress to a market leader in one and a half years using organic and inorganic growth.

    Under his stewardship, Housing.com changed its business strategy and plan, hired a new experienced management team, restructured and reduced operating costs by 70 per cent going from 2,500 to 900 employees, raised an additional $20 million from lead investor Softbank, and achieved key operating results, such as increasing revenue by 400 per cent, customer visits by 200 per cent to 4.1 million per month and homes listed by 450% to 630,000 homes, becoming the most popular platform for buying and selling homes in the country.

    Prior to joining Housing.com, Kothari was the CEO and vice chairman of character-based entertainment company Valiant Entertainment, where he led the successful acquisition out of bankruptcy, and turnaround of the Company resulting in a record return in the industry and media recognition calling the Company “Marvel 2.0”.

    Snapdeal co-founder and CEO said, “Jason is a strong business leader & entrepreneur who has already been the CEO of two successful companies. Rohit and I warmly welcome Jason to the Snapdeal family and believe we will achieve even greater heights with his addition.”

    Kothari said, “I’m excited to join Snapdeal which is on its way to building one of India’s best companies, and I look forward to helping in making that potential a reality.”

  • Housing.com ups Jason Kothari as CEO

    Housing.com ups Jason Kothari as CEO

    MUMBAI: After much speculation over who would replace Rahul Yadav as the CEO of Housing.com, after his controversial exit earlier this year, the company has found one of its own to fill up the position. 

     

    Housing.com has named Jason Kothari as the new CEO. Kothari joined the company as chief business officer in August this year.

     

    The company’s board unanimously appointed him to the new post on Thursday.

     

    “Housing.com is one of those rare companies that have the potential to impact millions of people in their journey of buying, selling and renting homes. I am honoured that the Board has entrusted me with the responsibility of leading this dynamic company. We have built a world-class product and highly talented team, and it’s now time to rapidly progress towards our mission to build a world-class company,” said Kothari.

     

    Prior to joining Housing.com, Kothari was Valiant Entertainment co-founder and CEO, where he led the successful acquisition and turnaround of former $65 million unit of video game company Acclaim Entertainment, which owns and controls a library of popular entertainment characters, resulting in a 50x company value increase and global media recognition calling the company “Marvel 2.0.”

     

    Since August, Kothari has played an instrumental role on a number of key initiatives, including establishing a strong senior management team for the company by hiring chief financial officer Mani Rangarajan, general counsel Nandini Mehta, and the recently appointed CMO Nikhil Rungta.

  • DMG Entertainment invests in Valiant; to make new superhero movies

    DMG Entertainment invests in Valiant; to make new superhero movies

    MUMBAI: Watch out Spiderman, Superman and Batman. The superhero universe just got bigger. Valiant Entertainment has secured an undisclosed nine-figure investment from Chinese entertainment company DMG, the co-producers and co-financiers of Iron Man 3. The investment will be for feature-film financing as well as publishing, television and licensing opportunities.

     

    DMG chief executive officer Dan Mintz said, “Comic superheroes are profitable and highly sought intellectual properties for film franchises so taking a stake in the last indecent 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.”

     

    Current projects under development at Valiant include Shadowman, Bloodshot and Archer & Armstrong. Bloodshot is in development with Sony Pictures and Neal Moritz’s Original Film (producers of the Fast and the Furious and Jump Street franchises). Shadowman, with a script by J. Michael Straczynski, and Archer & Armstrong, being written by Bendavid Grabinski, are also in development.

     

    In addition to developing films for release in the United States and China, Valiant and DMG will develop the former’s characters for new audiences in China and the Asia-Pacific region. DMG and Valiant will also be pursuing Chinese licensing for Valiant properties beyond film in publishing, animation and theme parks, as well as toys and apparel.