Platinum Entertainment was an American record label that operated in the 1990s.
[1] 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.
[1] In 1994, Platinum acquired Diadem, a label active in the Christian music industry,[2] and purchased Intersound Records in 1996.
[1] 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.
[6] Martin Tudor, a former Intersound executive, reorganized some Platinum assets into a new label named Compendia Music Group.