- Posted by Johanna on August 22, 2009 at 5:00 pm
- Category: Digital and Webcomics
Platinum … has narrowed its focus this year to be strictly on its core film and television business. I personally formed a holding company that acquired 100% of WOWIO from Platinum on July 1 of this year.
Wowio had been acquired by Platinum about a year ago, so that didn’t last long. (And the combination was generally unsuccessful.) Practically, I’m not sure how much of a change this actually is, since Altounian is still President and Chief Operating Officer of Platinum, and he was the one defending the company when people pointed out that they still owed creators money from June 2008. That debt has still not, to my knowledge, been paid. The interview didn’t ask Altounian about financial matters.
Altounian is now plugging the “richer experience” of including audio and video as additional content in their ebook PDFs. He concludes by promising a brighter future:
[W]e are exploring additional media elements such as audiobook and other formats for our readers to broaden their collection of material. We are exploring new revenue-generating opportunities for our publishing partners. We are looking at new corporate sponsorships, and we recently launched a new non-profit initiative that will expand our readership greatly. Look for new announcements to come out over the next couple of months.
Given the number of times the company has said “trust us, good things are coming”, it appears that even though, on paper, the leadership may be different, it’s the same old Wowio.