Official Press Release
LOS ANGELES, November 13, 2008 - IM Global a worldwide financing, sales and distribution outfit for big-budget genre movies and specialty films and Platinum Studios, Inc. (OTCBB: PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters which it adapts, produces and licenses for all forms of media, announced today that they will develop a television series based on the Comic Book ChallengeÂ® winner "Hero By Night".
Under the agreement, IM Global will handle worldwide distribution for the project and will produce Hero By Night through their IM Global Television banner run by television veteran Gavin Reardon, who brokered the deal along with the Rigberg Entertainment Group.
Hero By Night, created by 2006 Comic Book ChallengeÂ® winner, DJ Coffman, tells the story of young landlord, Jack King, who uncovers the lair of the legendary Hero by Night . Determined to make a little extra cash, Jack auctions the Hero's journal on eBay. His plans backfire when he attracts the attention of Hero by Night's old arch-enemy. Jack must now embrace a buried legacy to stop a madman from completing his diabolical schemes.
Platinum Studios' Chairman and CEO Scott Mitchell Rosenberg and IM Global's Stuart Ford and Gavin Reardon are set to executive produce the series along with Rigberg Entertainment Group's Glenn Rigberg. Platinum Studios' vice president of Film and TV Rich Marincic will co-produce and former Universal Pictures' senior executive, Randy Greenberg, of The Greenberg Group, who negotiated the deal, would co-executive produce.
"We are very happy to be working with Stuart and IM Global -- Stuart is one of those rare entertainment executives who has a keen understanding of the business of entertainment and what makes for compelling entertainment," said Rosenberg. "Hero By Night is a wonderful young adult weekly adventure series."
"Hero By Night provides a wonderful opportunity to make action-adventure wish-fulfillment weekly television," said Ford. "Platinum Studios' depth of story and characters is unparalleled and presents a fantastic opportunity for IM Global and we are pleased to be working on this project with them."
Ford's 18-month old company is currently handling international rights on a slew of high profile projects in production such as martial arts CGI actioner Bunraku with Josh Hartnett and Woody Harrelson, supernatural thriller Shelter with Julianne Moore and Jonathan Rhys Myers, psychological thriller After.Life with Liam Neeson and Christina Ricci and hotly anticipated Dreamworks frightener Paranormal Activity. The company's specialty arm IM Global Acclaim is currently also enjoying box office success with Larry Charles' Religulous.
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" at 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 comic book Final Orbit with Russell Gewirtz (Inside Man, Righteous Kill) attached to adapt and Top Cow's Magdalena and Platinum has partnered with Arclight Films and Battlestar Galactica director Michael Rymer to bring Top Cow's Witchblade to the big screen.