Platinum breaks down the walls to financing

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200609291108 Platinum breaks down the walls to financingSpurge had a link to an otherwise little-noted pr from Tuesday about Platinum getting some equity investment. Coming on the heels of the NY Times piece revealing Platinum’s plan to publish on the Web, the pieces are all coming together.

Several people have wondered in comments if Platinum has ever published anything, as and far as we can tell, the answer is, no. However, COWBOYS AND ALIENS, which has been in film development for some time, has been solicited for a December release. According to the website, it’s been co-written by Fred van Lente, who writes the awesome ACTION PHILOSOPHERS so that’s one good thing. Actually, you can see for yourself just how good, as the book is being serialized at DrunkDuck. New pages go up weekdays. Meanwhile here’s the financing PR.


Platinum Studios, an entertainment company that controls the world’s largest independent library of comic book characters, announced today an equity investment of more than $1 million by Brian Altounian, the company’s president and chief operating officer.

“This equity infusion comes at a particularly important time in Platinum’s growth,” said Scott Mitchell Rosenberg, chairman of Platinum Studios. “It will allow us to expand our new media and mobile divisions at an accelerated rate and significantly increase our partner initiatives.”

Altounian joined Platinum Studios (www.PlatinumStudios.com) in 2005 to build the company’s digital strategy for business development and acquisitions in the online, interactive, and wireless industries.



“After spending the last couple years building value for various technology companies as a member of their respective Boards, I saw the enormous potential in Platinum Studios and took a leadership role in the company,” said Altounian. “I strongly believe in Scott Rosenberg’s progressive vision for the entertainment space and the management team that we have assembled at the company has the capability, passion and commitment to execute on our plan.”

Altounian has extensive experience in developing corporate infrastructure and preparing early-stage companies to access capital through the public equity markets and he has provided support to a number of technology companies such as Warp9, Imaging3, Inc. (OTC Bulletin Board: IMGG – News) and BioSolar, Inc. In addition, Altounian is the former Chairman of the Board of XsunX, Inc., and past member of the Board of Directors of Machine Talker (OTC Bulletin Board: MTKN – News), and is currently a Board member of Cereplast, Inc. (OTC Bulletin Board: CERP – News).

Altounian spent 12 years in the entertainment industry with a successful consulting practice, as well as holding senior management positions at Lynch Entertainment, Time Warner Interactive, National Geographic Television and WQED. Most recently, he was consulting producer on “Random 1,” a reality television series that debuted in November 2005 on the A&E Network.

Comments

  1. You know… I[‘m actually *really* curious — and borderline excited — to see some “real” comicbooks come from Platinum.

  2. When is it trading? I’m looking forward to buying some of the company. Kind of like being a part owner. :)

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