Platimum Studios Inc. (PDOS) jumps on sale of childrens story

Posted on: Wednesday, June 8th, 2011
Written by:

Platimum Studios Inc. (OTCBB: PDOS) saw its stock price zoom 37.5% Wednesday morning to 2.75 cents, on the licensing of one of its children’s stories. Volume for the stock was 262,000 shares, still far short of its daily average of 659,228.

The Los Angeles-based entertainment rights company that controls a library of more than 5,000 comic book characters announced today that it granted interactive application rights for a special kid’s story based on the New York Times bestselling graphic novel “Cowboys & Aliens” to Orbit Media Group for e-book distribution on the iPad, iPhone, Android phones and tablet PCs.

“Cowboys & Aliens: The Kids,” the pre-war story of which is under tight wraps, will be released simultaneously in print and was created by Platinum Studios, Inc. Chairman and CEO Scott Mitchell Rosenberg, the creator of the original graphic novel and a producer on the upcoming feature film. Rosenberg was unavailable for comment Wednesday.

“Cowboys & Aliens” is just one of the properties Platinum Studios controls among a multi-universe library of over 5,000 comic characters. While other large comics-based libraries are already spoken for, Platinum Studios remains independent of major entertainment studio affiliation. Marvel was acquired by Disney for $4 Billion, and is the second major comic library to be acquired by a Hollywood studio after DC Comics, which is owned by Warner Bros.

Tags: , , , ,
Category: OTCBB, Penny Stocks
no comments
You can leave a response, or trackback from your own site.

Leave a Reply

Your email address will not be published. Required fields are marked *

About Penny Stocks

The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.