Platimum Studios Inc. (PDOS) jumps on sale of childrens story
Posted on: June 8th, 2011Written 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.
