Platinum Studios’ Financial Struggles
A lot of questions have been thrown around of late regarding the financial status of comics publisher Platinum Studios, especially after Hero by Night creator D.J. Coffman went public with news that he hadn’t been paid for work and was facing foreclosure.
I spent the past several weeks investigating Platinum’s finances and interviewing Coffman, Platinum President Brian Altounian and other sources.
What came up is that Platinum is in a precarious financial situation, in the red by more than $10 million. An independent auditor warned that the company is a serious threat to go under. You can read the article at Publishers Weekly right here.
Platinum indicated to me that they wouldn’t be giving any more interviews regarding the company’s finances or the situation with Coffman.
Platinum has created a blog, where they give the unedited transcript of my interview with Altounian. You can read that right here. I haven’t had a chance yet to check it against my record of the interview.