Sony Pictures Animation and Platinum Studios, Inc. to Develop Animated Feature

CULVER CITY, Calif., Feb. 4 /PRNewswire/ -- Sony Pictures Animation has set a deal with Platinum Studios, Inc. (OTC Bulletin Board: PDOS), an entertainment company that controls an international library of comic book characters which it adapts, produces and licenses for all forms of media, to develop an animated feature, it was announced today by Bob Osher, president of Sony Pictures Digital Productions and Hannah Minghella, president of production for Sony Pictures Animation.

Platinum Studios, which controls an international library of comics and graphic novel content with over 5,600 characters, brings comic book projects to feature film and television. This marks another collaboration between Sony and Platinum Studios CEO Scott Mitchell Rosenberg, following the billion dollar franchise, "Men In Black," which is one of the most successful comic book to film adaptations of all time.

"I have known and respected Scott Rosenberg for many years as a great resource of characters, stories and ideas," said Bob Osher. "We're looking forward to working with him and Platinum Studios to develop a feature from their library of stories and characters."

"It is great to be working with Bob and Sony again," said Rosenberg. "And Hannah has the perfect energy and creative tenacity to drive us into a fantastic feature world."

Platinum Studios' film and TV division has various other properties in development at major film studios, including "Atlantis Rising" at DreamWorks with Kurtzman/Orci ("Transformers") set to produce, "Cowboys and Aliens" also at Dreamworks with Kurtzman/Orci partnering with Universal Pictures and Imagine Entertainment, and "Unique" at Walt Disney Pictures and "Dead of Night" with Hyde Park Entertainment with Brandon Routh ("Superman Returns") starring and Kevin Munroe (2007's "TMNT") directing. Gale Anne Hurd's Valhalla Motion Pictures and Platinum Studios are currently co-developing feature films based on the soon-to-be-published action thriller graphic novel Final Orbit and Top Cow's Magdalena.

Sony Pictures Animation (SPA) most recently produced "Open Season," "Surf's Up," and "Open Season 2." Upcoming projects for SPA include, "Cloudy With a Chance of Meatballs," "Hotel Transylvania" and "The Smurfs." The company recently announced a first-look deal with The Gotham Group as SPA continues to build its slate of upcoming productions.

About Sony Pictures Animation:

Sony Pictures Animation exemplifies the next generation of CGI storytelling to produce a variety of animated entertainment for audiences around the world. Sony Pictures Animation is developing a full slate of films with "Cloudy With A Chance Of Meatballs" now in production. Its second film, "Surf's Up," was nominated for an Academy Award(R) for Best Animated Feature and won two Annie Awards. Its first film, "Open Season," was a box office success and the #2 DVD title of the year for Sony Pictures Home Entertainment (SPHE) in 2007. A sequel, "Open Season 2," was just released by SPHE on January 27. Sony Pictures Animation is an operating unit of Sony Pictures Digital Productions.

About Platinum Studios, Inc. (http://www.platinumstudios.com)

Platinum Studios (OTCBB:PDOS) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, tv, online, mobile/wireless, gaming, and merchandising. Platinum Studios' library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as Drunk Duck (www.DrunkDuck.com), the industry's preeminent webcomics community and Wowio (www.wowio.com), the world's leading e-book distributor. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms.

Platinum Studios Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC.

SOURCE Sony Pictures Animation



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