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By 1997, the company's revenue was estimated to be $ 130 million annually. However, by the turn of the century
Platinum had begun to lose money—its first quarter financial report in 2000 showed that the company had lost $ 3.9 million in the quarter and had just $ 3,000 in cash. The company
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closed its distribution subsidiary in June, but was nevertheless forced to declare bankruptcy in July, with liabilities of $ 52.1 million against assets of $ 15.7 million. Martin Tudor, a former
Intersound executive, reorganized some Platinum assets into a new label named
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The company was founded by Steve Devick in 1991, who reorganized his River North
Studios recording studio into a
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272:"Platinum Takes Its Latest Reorganization Plan To Bankruptcy Court; Pop Goes Supers' Debut"
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217:"Ichaban Headed For the Auvtion Block; Platinum Entertainment Losses Mount"
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In 1994, Platinum acquired Diadem, a label active in the
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was an
American record label that operated in the 1990s.
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243:"Bayside Picks Up Staffers After PED Closure"
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339:Record labels disestablished in 2000
190:"Platinum to Buy Intersound Records"
354:Defunct companies based in Illinois
163:Collins, Lisa (February 19, 1994).
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296:Morris, Chris (October 11, 2003).
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334:Record labels established in 1991
270:Morris, Chris (March 20, 2001).
215:Morris, Chris (June 10, 2000).
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241:Morris, Chris (July 8, 2000).
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349:1996 mergers and acquisitions
344:1994 mergers and acquisitions
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298:"Moving Up At Compendia"
99:Christian music industry
77:Downer's Grove, Illinois
138:"Platinum's Home A Hit"
329:American record labels
85:Platinum Entertainment
22:Platinum Entertainment
111:Compendia Music Group
196:. November 14, 1996
194:The New York Times
103:Intersound Records
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165:"In the Sprit"
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144:. May 7, 1997
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305:. Retrieved
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92:record label
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45:Steve Devick
16:Record label
307:January 20,
281:January 20,
252:January 20,
226:January 20,
200:January 19,
174:January 20,
148:January 20,
105:in 1996.
323:Categories
117:References
68:Liquidated
302:Billboard
276:Billboard
247:Billboard
221:Billboard
169:Billboard
73:Location
55: (
50:Defunct
42:Founder
32: (
27:Founded
65:Status
309:2017
283:2017
254:2017
228:2017
202:2017
176:2017
150:2017
57:2001
53:2001
34:1991
30:1991
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