Platinum Studios (OTCBB: PDOS) held its announced shareholders'
call on Friday, December 2, 2011 and releases a transcript of the
call for those shareholders and interested members of the
investment community who were unable to attend.
John Rutledge:
"Ladies and Gentlemen, thank you for joining this call. I'm John
Rutledge, President of Rutledge Law Center LTD., legal counsel to
Platinum Studios, Inc. It is my distinct pleasure to introduce
Platinum Studios' Chairman and CEO, Scott Rosenberg. Scott, take it
away."
Scott Rosenberg:
"Thanks, John. Good afternoon, everyone. I am Scott Mitchell
Rosenberg, Chairman of the Board and Chief Executive Officer of
Platinum Studios, Inc. As some of you probably know, I'm also
Platinum's largest single shareholder.
"Thank you for your time and interest in joining this call. I am
excited for the opportunity to share news concerning some of our
current successes and future projects and plans."
John Rutledge:
"Before you begin, Scott, we need to make sure we notify all of the
listeners that this call includes forward-looking statements
concerning Platinum's future expectations, projections of future
operations and financial condition, and other "forward-looking"
information. Platinum believes it is important to communicate its
expectations; but, there are events in the future that it cannot
accurately predict and over which it has no control. Our actual
results as a corporation and the timing of certain events may
differ materially from those anticipated in these forward-looking
statements. All of the listeners should carefully consider these
statements in light of these cautionary statements and all other
information contained in our most recent reports with the SEC. With
that in mind, Scott, let's begin the call."
Scott Rosenberg: "Thanks, John. As a
fellow stockholder, you no doubt know that Platinum controls an
international library of comic book characters. We adapt, produce
and license these properties for all forms of media, including
print, film, internet, mobile and wireless gaming and
merchandising. One of those properties, "Cowboys & Aliens,"
has, according to boxofficemojo.com, now passed the $100 million
box-office-receipts mark in North America and another $75 million
internationally, for a $175 million world-wide total.
"We are thrilled at the continuing success of "Cowboys &
Aliens" -- the movie and our graphic novel. Regarding the novel,
Platinum has retained full rights to it -- with the exception of
the feature film and certain television rights which, of course,
are shared among DreamWorks, Universal, and Paramount. So, for
example, Platinum can publish new comic books, produce games, sell
toys and set up licensing deals that relate to the games and the
novel. And we've had a lot of success doing so. Even with an
extremely late green-light for the release of the movie (which made
it particularly difficult to market our merchandise), we have been
able to license development rights to a variety of formats,
including iPod/iPad, Android, and several tablet devices, as well
as feature phones and online interactive gaming.
"In the licensing industry, often the success of a brand is
determined by what happens after a film's release. With "Cowboys
& Aliens," several of the licensees expanded upon their initial
plans after the film came out. Gameloft, the European company that
distributes its games in over 100 countries and employs over 4,000
developers, first launched its "Cowboys & Aliens" games on
certain feature phones ("feature" meaning not "smart") and, after
the film's release, decided to start distributing on Android phones
as well. I've actually downloaded it onto my phone, and I love
it!
"Additionally, Mako Games was initially releasing the game just
on the iOS platforms, including iPhone, iPad, and iPod and we've
now allowed it to expand onto Android tablets.
"We've just announced a deal with Playtech, the world's largest
publicly-traded online gaming software supplier, for "Cowboys &
Aliens'" plots. This is our first gaming deal, and we're
excited.
"The graphic novel, which was republished by Harper Collins,
spent weeks on the New York Times' bestseller list both before and
after the film's release. The book has been on both the soft and
hardcover graphic books lists -- some weeks, simultaneously.
"Platinum has also licensed the story to Orbit Media Group, LLC
to create "Cowboys & Aliens: The Kids," an interactive
storybook application for all Apple iOS devices. We are very
pleased that Orbit will make a donation from each sale of this
storybook application to the global charity, Starlight Children's
Foundation. And, we are pleased to inform you that Platinum is
doing likewise.
"As you may have already heard, we are building a franchise plan
around another of our books, "Atlantis Rising," and we're thrilled
about other upcoming projects, including "Unique" at Disney (with
"Harry Potter" producer David Heyman); "Vice" (with producer Andrew
Lazar and Top Cow Productions, Inc.); a "hybrid" feature film
project that will mix monsters and humans, "Nightfall" (with Bill
Stuart, developer and executive producer of "The Rock").
"Platinum is also developing "MetaDocs" for television (with
FremantleMedia and Landscape Entertainment). It's kind of a cross
between "Grey's Anatomy" or "ER" and "Superheros." And, we are also
working on "Gray Legion" with Robert W. Cort, who is the producer
of "Three Men and a Baby," "Runaway Bride," "Mr. Holland's Opus")
and dozens of other movies.
"Internally, Platinum has been aggressively restructuring our
business to improve efficiency and lower overhead. In that regard,
we have retained Rutledge Law Center LTD. to replace a lot of want
we were initially doing in-house and to represent Platinum in its
business and contract law matters. Rutledge Law Center LTD. is
compensated for those services in restricted stock -- not cash.
This has improved our short-term cash flow, is substantially
improving our workflow, and aligns the corporation's operation with
the long-term interest of us shareholders. Additionally, the
corporation's number of authorized shares has been increased to
allow us to strategically negotiate settlements with certain of the
corporation's debtors (in addition, of course, to complying with
requirements that enough shares be authorized to cover existing
convertible notes).
"We are being strategic in our spending, and have substantially
reduced our monthly overhead by a combination of reduced payroll
and eliminating some independent contracting agreements -- and much
of our balance sheet expenses represent stock warrants -- not money
spent for office supplies, employee salaries or other similar
costs. In that regard, please know we take seriously our position
as fiduciaries to the corporation -- and we will continue make
certain money is spent wisely."
John Rutledge:
"Scott, would you like me to talk about the different board of
directors members?"
Scott Rosenberg:
"Yes, thanks."
John Rutledge: "I
think that it's good information to know, for those listeners who
don't know about each of the directors and their background. You
probably already know Scott's bio. But, if you don't, feel free to
Google him or go to platinumstudios.com. Scott is very active
online, so feel free to send him a Facebook friend request. And, we
ask, of course, that you "like" Platinum Studios and "Cowboys &
Aliens" and our other properties on Facebook.
"Let's talk first about Mark Canton. Mark Canton has been a
Director of Platinum Studios, Inc., since May 10, 2010. A little
bit of background on him -- in 1985, Mr. Canton became Warner
Brothers' President of Worldwide Theatrical Production. In 1991,
Mr. Canton joined Sony Pictures Entertainment's Columbia Pictures
as Chairman of the Board of Directors. By 1994, he became Chairman
of the Columbia TriStar Motion Picture Companies with all creative,
operational, and management responsibility for Columbia Pictures,
Triumph Films, Sony Pictures Classics, SPE's international
theatrical operations and Columbia TriStar's strategic motion
picture alliances. During his time at Sony, he green-lit "Men in
Black" for Scott. "Men in Black," as of most of you know, is based
on the comic Scott published from his prior company, Malibu Comics.
He later sold Malibu Comics to Marvel Comics, which is now owned by
Disney.
Also during Mr. Canton's time at Sony, the company released such
films as: "A Few Men," "Groundhog Day," "In the Line of Fire,"
"Bram Stoker's Dracula," "Bad Boys," "The Net," "The Professional,"
"The Fifth Element," "Jumanji," "Sleepless in Seattle," "Air Force
One," and many more movies including initiating "I Know What You
Did Last Summer," "Starship Troopers," "Zorro," "Godzilla," and
"Stepmom." Since then, he launched Atmosphere Entertainment MM, an
entrepreneurial venture to develop, produce and finance theatrical
motion picture and television programming. Mr. Canton is presently
developing new television projects at HBO, ABC, CBS, TNT and
Lifetime. His recent films include "300," "Letters to Juliet" and
the recently released "Immortals."
"The second director we'll talk about is Gerald Kline. He is an
attorney licensed to practice in California, and has experience in
strategic business development, private equity venture capital,
mergers and acquisitions and the sales, marketing and merchandising
of entertainment intellectual properties. Mr. Kline has been in
private practice from 2008 to the present. Mr. Kline was a
consultant to various companies from 2005 to 2008, including
Platinum Studios. Prior to establishing his private criminal law
practice, Mr. Kline was a Managing Director at the investment and
consulting firm of Moore, Clayton & Co. from 2001 to 2003, and
prior to that, he was director of licensing at a number of
entertainment firms including Viacom Consumer Products, from 1991
through 2001.
"The third director is Adam Post. He is President and founder of
LeadGrowth, a marketing company that outsources
business-to-business products, and AVANT Media Group, which is a
consumer-brand oriented intellectual property business focused on
developing new properties for broad segments and segments with
passionate consumer following. Mr. Post has been in charge of
LeadGrowth since 2005. Brands that AVANT owns include Personality
Comics. Personality Comics has featured biographical stories on
Babe Ruth, The Beatles, Martin Luther King, Jr., Sean Connery,
Marilyn Monroe, William Shatner and over one hundred others. Mr.
Post sold to Platinum, in 2001, rights to the Triumphant Comics
universe. With that, we have talked about each of the directors.
Would you like to continue the call?"
Scott Rosenberg: "I
am grateful to our board members and all of our Platinum staff and
employees for their talent and creativeness, their dedication and
loyalty. Platinum has the tremendous opportunity to position itself
to become a leader in the creation of new content across all media.
We deeply appreciate your faith in this opportunity for Platinum,
and we will do our best to exceed your expectations of the
corporation.
"I am also pleased to announce that Platinum just entered into a
licensing deal with Brand Xpand to develop, operate and fulfill
orders for dozens of "Cowboys & Aliens" themed merchandise
through our website.
"As always, we welcome your comments and feedback. Our next call
will be on January 3, 2012, to go over our business strategies for
2012 and share our management's expectations for the upcoming year.
I invite you to email Marianne@RutledgeLawCenter.com with topics
you'd like us to consider addressing during the January call. We
are currently planning an annual meeting of the corporation's
shareholders that we hope will be as fun as it is informative. More
to come on that. Thank you for attending this call and being a
loyal supporter of our developing corporation. Have a wonderful
day."
About Platinum Studios Platinum Studios
(OTCBB: PDOS) is an entertainment company that controls one of the
largest international libraries of comic book characters from all
over the world, which it adapts, produces and licenses for all
forms of media including print, film, online, mobile/wireless,
gaming and merchandising.
For more information please visit
http://www.platinumstudios.com.
Please contact: Christina Smith Email Contact
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