Platinum has developed film or television with others, including The Walt Disney Company's 20th Century Studios, Warner Bros.

Platinum Studios was co-founded in January 1997 by Scott Mitchell Rosenberg and European rights agent Ervin Rustemagić.

[4] Platinum produces based on two categories: Those from the "Macroverse Bible," a multi-thousand page bible of interrelated comic characters created by Rosenberg, including titles such as Cowboys & Aliens, and properties acquired from other companies or creators such as Dylan Dog and Jeremiah (the latter two having been represented by Rustemagić for publishing rights only, with Platinum acquiring all other rights including film and television).

[9] Over the next ten years, Platinum Studios continued to increase the size of its portfolio through licensing, publishing, film, and television contracts with comic book creators.

Jon Favreau directed the screen adaptation of the comic,[24] Cowboys & Aliens premiered at the 2011 San Diego Comic-Con and was released theatrically in the United States and Canada on July 29, 2011.

In September 2006, Platinum Studios purchased the webcomics community site DrunkDuck.com (created by Dylan Squires)[14] for an undisclosed sum.

Some felt it would help the site's popularity and the community would only get bigger and better; others were concerned Platinum was going to "take over" and claim the rights to people's comics.

[16] In June 2008, Platinum Studios announced that it had begun talks to acquire WOWIO, a Los Angeles–based online destination that provides users the ability to share and consume digital media content, such as e-comics and E-books, while providing revenue-generating opportunities for creators and publishers through advertising and merchandising programs.

In addition, some Platinum Studios Comics titles are developed for film, television, and other media such as app games for mobile devices.

Platinum Studios Comics' first print project was the Cowboys & Aliens original graphic novel, created by Scott Mitchell Rosenberg, written by Fred Van Lente and Andrew Foley, and illustrated by Dennis Calero and Luciano Lima.

Winners received prizes from software to graphics tablets and new PCs, while competing for the first-prize award of publishing their comic with Platinum Studios (as well as other possible media ventures).

The 2007 judge's panel consisted of Scrubs regular Donald Faison, Shrek producer John H. Williams, and Platinum Studios Chairman Scott Mitchell Rosenberg.

Actor Brandon Routh was a judge for the 2008 Comic Book Challenge which was won by Carlos Weiser's The Armageddon Chronicles.