Platinum Entertainment
Platinum Entertainment was an American record label that operated in the 1990s. The company was founded by Steve Devick in 1991, who reorganized his River North Studios recording studio into a record label. The company initially sold primarily gospel music, but diversified into other genres, primarily by signing older but still active acts instead of developing new artists.
Platinum Entertainment
- Name
- Platinum Entertainment
- Founded
- Platinum Entertainment was established or created on 1 January 1991.
- Headquarters
- Platinum Entertainment is situated in United States.
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wikidata · Q28457301 · wikipedia · Platinum Entertainment
In this article
Overview
Overview
In 1994, Platinum acquired Diadem, a label active in the Christian music industry, and purchased Intersound Records in 1996. 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 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 Compendia Music Group.
Key facts
Key facts
• Name — Platinum Entertainment • Founded — 1991 • Founder — Steve Devick • Defunct — 2001 • Status — Liquidated • Location — Downer's Grove, Illinois
Institutional history
Dated record
Institutional history
The full dated record · 2 entries
1991
Platinum Entertainment established.
1991
Platinum Entertainment was established or created on 1 January 1991.
Places
Named by the record
Places
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Platinum Entertainment is situated in United States.
Country
Platinum Entertainment is associated with United States.
Country
Context
Primary material
Context
Platinum Entertainment was established or created on 1 January 1991. Situated in United States. Recorded as record label.
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Where the work is held
Holdings and surviving copies
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Primary material
Documents and archives
authority record
- Wikidata, structured authority record Q28457301: Platinum Entertainment
General reference · Wikidata
reference work
- “Platinum Entertainment”, English Wikipedia, consulted as further reading
Reputable secondary · Wikipedia
Text attribution
Licensing
Text attribution
Part of the biographical narrative on this page reuses licensed material. Its origin, revision and licence are recorded here.
The biographical narrative on this page is based on the Wikipedia article Platinum Entertainment, revision 1325500146 (EN edition), by its contributors. VALÉORINE has edited that text and built its own documentary record around it. The reused material is available under CC BY-SA 4.0, and this page's reuse of it is offered under the same licence. Everything else on this page — the chronology, the holdings, the evidence, the plates and the connections — is VALÉORINE's own record. Sources and licences.
Notes from the source article
Cited by Wikipedia
Notes from the source article
These works are cited by the source article, in its own numbering. They are recorded as its citations, not as sources VALÉORINE has verified.
- 1.Platinum's Home A Hit. Chicago Tribune. May 7, 1997.
- 2.Collins, Lisa. In the Sprit. Billboard. February 19, 1994.
- 3.Platinum to Buy Intersound Records. The New York Times. November 14, 1996.
- 4.Morris, Chris. Ichaban Headed For the Auvtion Block; Platinum Entertainment Losses Mount. Billboard. June 10, 2000.
- 5.Morris, Chris. Bayside Picks Up Staffers After PED Closure. Billboard. July 8, 2000.
- 6.Morris, Chris. Platinum Takes Its Latest Reorganization Plan To Bankruptcy Court; Pop Goes Supers' Debut. Billboard. March 20, 2001.
- 7.Morris, Chris. Moving Up At Compendia. Billboard. October 11, 2003.
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Secondary witnessreference work
Secondary witness
The Encyclopedia exists whether or not anything is for sale. Corrections are recorded rather than overwritten, and every version of this record is kept. Published 17 August 2026.
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