**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-Q**

**T      **

**PLATINUM      STUDIOS, INC.**

| **CALIFORNIA**                                                                |   | **20-5611551**                                      |
|-------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (I.R.S.                Employer Identification No.) |

**11400      W. Olympic Blvd., 14**
**th**

**      Floor, Los Angeles, CA 90064 **

**(310)      807-8100**

Indicate      by check mark whether the registrant (1) has filed all reports required by      Section 13 or 15(d) of the Securities Exchange Act of 1934 during the      preceding 12 months (or for such shorter period that the registrant was      required to file such reports), and (2) has been subject to such filing      requirements for the past 90 days. Yes **x**No **o**

| Large                accelerated filer  ̈ | Accelerated                filer  ̈    |
|-----------------------------------------------|--------------------------------------------|
| Non-accelerated                filer  ̈   | Smaller                reporting company x |

**o      **
**x**

----

**PLATINUM      STUDIOS, INC. **
** **

**INDEX**

| **PART                  I: FINANCIAL INFORMATION** |                                                                                                                          |
|----------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|
| ITEM                  1:                           | FINANCIAL                  STATEMENTS                                                                                         | 3 |
|                                               | Balance                  Sheets                                                                                               | 3 |
|                                               | Statements                  of Operations                                                                                     | 4 |
|                                               | Statements                  of Cash Flows                                                                                     | 5 |
|                                               | Notes                  to the Financial Statements                                                                            | 6 |
| ITEM                  2:                           | MANAGEMENT’S                  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                  OPERATIONS | 22 |
| ITEM                  3 :                          | QUANTITATIVE                  AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                   | 27 |
| ITEM                  4:                           | CONTROLS                  AND PROCEDURES                                                                                      | 27 |
| **PART                  II: OTHER INFORMATION**    |                                                                                                                          |
| Item                  1                            | LEGAL                  PROCEEDINGS                                                                                            | 28 |
| ITEM                  1A :                         | RISK                  FACTORS                                                                                                 | 28 |
| ITEM                  2                            | UNREGISTERED                  SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                                  | 28 |
| ITEM                  3                            | DEFAULTS                  UPON SENIOR SECURITIES                                                                              | 28 |
| ITEM                  4                            | SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                          | 28 |
| ITEM                  5                            | OTHER                  INFORMATION                                                                                            | 28 |
| ITEM                  6:                           | EXHIBITS                                                                                                                      | 28 |
| SIGNATURES                                         | 29                                                                                                                            |

----

**PART I**
** ****–      FINANCIAL INFORMATION**** **

**ITEM      1. FINANCIAL STATEMENTS**

**PLATINUM      STUDIOS, INC**

**BALANCE      SHEETS**

|                                                                                                                                                                         |   | **June 30, 2008** |        | **December 31, 2007** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|-------------|---------------------------------|--------|
|                                                                                                                                                                         |   | **(Unaudited)**             |        |                            |   |
| **ASSETS**                                                                                                                                                                   |   |                        |        |                            |   |
|                                                                                                                                                                         |   |                        |        |                            |   |
| Current                assets:                                                                                                                                               |   |                        |        |                            |   |
| Cash                and cash equivalents                                                                                                                                     |   | $                           | 118,959     |                            | $      | 4,445 |   |
| Accounts                receivable                                                                                                                                           |   |                        | 218,276     |                            |   | 44,695 |   |
| Other                receivable, net of reserve for doubtful accounts of $75,000 and $0,                respectively                                                         |   |                        | -           |                            |   | 20,000 |   |
| Prepaid                expenses                                                                                                                                              |   |                        | 145,712     |                            |   | 109,124 |   |
| Inventory                                                                                                                                                                    |   |                        | -           |                            |   | 59,528 |   |
| Other                current assets                                                                                                                                          |   |                        | 414         |                            |   | - |   |
| Total                current assets                                                                                                                                          |   |                        | 483,361     |                            |   | 237,792 |   |
| Property                and equipment, net                                                                                                                                   |   |                        | 227,009     |                            |   | 257,130 |   |
| Web                sites                                                                                                                                                     |   |                        | 40,000      |                            |   | 40,000 |   |
| Character                rights, net                                                                                                                                         |   |                        | 182,609     |                            |   | 228,261 |   |
| Deposits                and other                                                                                                                                            |   |                        | 41,618      |                            |   | 39,118 |   |
| Total                assets                                                                                                                                                  |   | $                           | 974,597     |                            | $      | 802,301 |   |
| **LIABILITIES                AND STOCKHOLDERS' DEFICIT**                                                                                                                     |   |                        |        |                            |   |   |   |
|                                                                                                                                                                         |   |                        |        |                            |   |   |   |
| Current                liabilities:                                                                                                                                          |   |                        |        |                            |   |   |   |
| Accounts                payable                                                                                                                                              |   | $                           | 1,310,564   |                            | $      | 663,848 |   |
| Accrued                expenses and other current liabilities                                                                                                                |   |                        | 1,022,536   |                            |   | 788,868 |   |
| Bank                overdraft                                                                                                                                                |   |                        | -           |                            |   | 89,665 |   |
| Deferred                revenue                                                                                                                                              |   |                        | 10,475      |                            |   | 100,000 |   |
| Short                term notes payable                                                                                                                                      |   |                        | 2,160,254   |                            |   | 1,889,908 |   |
| Related                party payable                                                                                                                                         |   |                        | 193,079     |                            |   | 193,079 |   |
| Capital                leases payable, current                                                                                                                               |   |                        | 67,795      |                            |   | 73,282 |   |
| Total                current liabilities                                                                                                                                     |   |                        | 4,764,703   |                            |   | 3,798,650 |   |
| Long                term notes payable to shareholder                                                                                                                        |   |                        | 2,467,966   |                            |   | 2,531,464 |   |
| Accrued                interest due to shareholder                                                                                                                           |   |                        | 90,379      |                            |   | 60,479 |   |
| Capital                leases payable, non-current                                                                                                                           |   |                        | 77,501      |                            |   | 106,395 |   |
| Total                liabilities                                                                                                                                             |   |                        | 7,400,549   |                            |   | 6,496,988 |   |
|                                                                                                                                                                         |   |                        |        |                            |   |   |   |
| Common                stock, $.0001 par value; 500,000,000 shares authorized; 222,104,895                and                201,255,825 issued and outstanding, respectively |   |                        | 22,062      |                            |   | 20,126 |   |
| Additional                paid in capital                                                                                                                                    |   |                        | 9,028,279   |                            |   | 3,750,782 |   |
| Accumulated                deficit                                                                                                                                           |   |                        | (15,476,293 | )                               |   | (9,465,595 | ) |
| Total                shareholders' deficit                                                                                                                                   |   |                        | (6,425,952  | )                               |   | (5,694,687 | ) |
| Total                liabilities and shareholders' deficit                                                                                                                   |   | $                           | 974,597     |                            | $      | 802,301 |   |

----

**PLATINUM      STUDIOS, INC.**

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   | Three Months Ended |        | Six Months Ended |   |
|------------------------------------------------------------------|--------|------------------------------|-------------|----------------------------|--------|
|                                                             |   | June 30,                |        | June 30,              |   |
|                                                             |   | 2008                         |        | 2007                       |   | 2008 |   | 2007 |   |
| Net                revenue                                       |   | $                            | 376,885     |                       | $      | 638,972 |   | $ | 556,267 |   | $ | 1,676,800 |   |
|                                                             |   |                         |        |                       |   |   |   |   |   |   |   |   |   |
| Costs                and expenses:                               |   |                         |        |                       |   |   |   |   |   |   |   |   |   |
| Cost                of revenues (excluding depreciation expense) |   |                         | 136,265     |                       |   | 79,203 |   |   | 203,838 |   |   | 114,613 |   |
| Operating                expenses                                |   |                         | 1,221,114   |                       |   | 1,126,966 |   |   | 2,303,742 |   |   | 2,329,197 |   |
| Research                and development                          |   |                         | 145,674     |                       |   | 215,503 |   |   | 358,227 |   |   | 496,611 |   |
| Stock                option expense                              |   |                         | 6,653       |                       |   | - |   |   | 3,383,345 |   |   | - |   |
| Depreciation                and amortization                     |   |                         | 43,122      |                       |   | 42,177 |   |   | 87,461 |   |   | 80,665 |   |
| Total                costs and expenses                          |   |                         | 1,552,828   |                       |   | 1,463,849 |   |   | 6,336,613 |   |   | 3,021,086 |   |
| Operating                loss                                    |   |                         | (1,175,943  | )                          |   | (824,877 | ) |   | (5,780,346 | ) |   | (1,344,286 | ) |
| Other                income (expense):                           |   |                         |        |                       |   |   |   |   |   |   |   |   |   |
| Other                income                                      |   |                         | -           |                       |   | - |   |   | 182 |   |   | - |   |
| Gain                (loss) on disposition of assets              |   |                         | -           |                       |   | - |   |   | 100 |   |   | - |   |
| Gain                on settlement of debt                        |   |                         | -           |                       |   | - |   |   | 37,334 |   |   | - |   |
| Interest                expense                                  |   |                         | (100,159    | )                          |   | (62,585 | ) |   | (192,969 | ) |   | (140,387 | ) |
| Bad                debt expense                                  |   |                         | (75,000     | )                          |   | - |   |   | (75,000 | ) |   | - |   |
| Total                other income (expense):                     |   |                         | (175,159    | )                          |   | (62,585 | ) |   | (230,353 | ) |   | (140,387 | ) |
| Loss                before provision for income taxes            |   |                         | (1,351,102  | )                          |   | (887,462 | ) |   | (6,010,699 | ) |   | (1,484,673 | ) |
| Provision                for income taxes                        |   |                         | -           |                       |   | - |   |   | - |   |   | - |   |
| Net                loss                                          |   | $                            | (1,351,102  | )                          | $      | (887,462 | ) | $ | (6,010,699 | ) | $ | (1,484,673 | ) |
|                                                             |   |                         |        |                       |   |   |   |   |   |   |   |   |   |
| Basic                and diluted loss per share:                 |   |                         |        |                       |   |   |   |   |   |   |   |   |   |
| Net                loss per share                                |   | $                            | (0.01       | )                          | $      | (0.00 | ) | $ | (0.03 | ) | $ | (0.01 | ) |
| Basic                and diluted weighted average shares         |   |                         | 219,728,104 |                       |   | 201,255,825 |   |   | 215,003,172 |   |   | 201,255,825 |   |

----

**PLATINUM      STUDIOS, INC.**

**STATEMENTS      OF CASH FLOWS**

**(UNAUDITED)**

|                                                                                                   |   | Six Months Ended June 30, |       |
|--------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|------------|
|                                                                                                   |   | 2008                                          |       | 2007 |   |
| Cash                flows from operating activities                                                    |   |                                          |       |   |   |
| Net                loss                                                                                |   | $                                             | (6,010,699 | ) | $ | (1,484,673 | ) |
| Adjustments                to reconcile net loss to net cash from operating                activities: |   |                                          |       |   |   |   |   |
| Depreciation                                                                                           |   |                                          | 41,809     |   |   | 35,013 |   |
| Amortization                                                                                           |   |                                          | 45,652     |   |   | 45,652 |   |
| Equity                instruments issued for services                                                  |   |                                          | 3,400,220  |   |   | - |   |
| Gain                on settlement of debt                                                              |   |                                          | (37,334    | ) |   | - |   |
| Decrease                (increase) in operating assets:                                                |   |                                          |       |   |   |   |   |
| Accounts                receivable                                                                     |   |                                          | (173,581   | ) |   | (5,518 | ) |
| Other                receivable                                                                        |   |                                          | 20,000     |   |   | (4,000 | ) |
| Inventories                                                                                            |   |                                          | 59,528     |   |   | (55,131 | ) |
| Prepaid                expenses and other current assets                                               |   |                                          | (34,009    | ) |   | (109,621 | ) |
| Other                assets                                                                            |   |                                          | -          |   |   | 9,806 |   |
| Increase                (decrease) in operating liabilities:                                           |   |                                          |       |   |   |   |   |
| Accounts                payable                                                                        |   |                                          | 677,966    |   |   | 10,070 |   |
| Accounts                payable related party                                                          |   |                                          | -          |   |   | (50,000 | ) |
| Bank                overdraft                                                                          |   |                                          | (89,665    | ) |   | - |   |
| Accrued                expenses                                                                        |   |                                          | 533,668    |   |   | (59,680 | ) |
| Accrued                interest                                                                        |   |                                          | 102,913    |   |   | 58,212 |   |
| Deferred                revenue                                                                        |   |                                          | (89,525    | ) |   | (750,000 | ) |
| Net                cash flows used in operating activities                                             |   |                                          | (1,553,057 | ) |   | (2,359,870 | ) |
|                                                                                                   |   |                                          |       |   |   |   |   |
| Cash                flows from investing activities                                                    |   |                                          |       |   |   |   |   |
| Investment                in property and equipment                                                    |   |                                          | (4,618     | ) |   | (61,879 | ) |
| Purchase                of intellectual property                                                       |   |                                          | (2,500     | ) |   | - |   |
| Other                assets - website acquisition                                                      |   |                                          | -          |   |   | - |   |
| Net                cash flows used in investing activities                                             |   |                                          | (7,118     | ) |   | (61,879 | ) |
|                                                                                                   |   |                                          |       |   |   |   |   |
| Cash                flows from financing activities                                                    |   |                                          |       |   |   |   |   |
| Proceeds                from non-related loans                                                         |   |                                          | 452,016    |   |   | - |   |
| Proceeds                from related party loans                                                       |   |                                          | 97,297     |   |   | 285,000 |   |
| Payments                on related party loans                                                         |   |                                          | (181,294   | ) |   | (200,050 | ) |
| Payments                on non-related party loans                                                     |   |                                          | (65,000    | ) |   | - |   |
| Origination                of capital leases                                                           |   |                                          | -          |   |   | 44,629 |   |
| Payments                on capital leases                                                              |   |                                          | (41,451    | ) |   | (34,521 | ) |
| Issuance                of common stock, net of offering costs                                         |   |                                          | 1,413,121  |   |   | 2,418,512 |   |
| Net                cash flows provided by financing activities                                         |   |                                          | 1,674,689  |   |   | 2,513,570 |   |
|                                                                                                   |   |                                          |       |   |   |   |   |
| Net                increase/(decrease) in cash                                                         |   |                                          | 114,514    |   |   | 91,821 |   |
| Cash,                at beginning of year                                                              |   |                                          | 4,445      |   |   | 331,435 |   |
| Cash,                at end of period                                                                  |   | $                                             | 118,959    |   | $ | 423,256 |   |
|                                                                                                   |   |                                          |       |   |   |   |   |
| **Supplemental                disclosure of cash flow information:**                                   |   |                                          |       |   |   |   |   |
|                                                                                                   |   |                                          |       |   |   |   |   |
| Cash                paid for interest                                                                  |   | $                                             | 116,360    |   | $ | 91,385 |   |
| Non-cash                financing activities related to the conversion of debt                         |   | $                                             | 166,092    |   | $ | - |   |
| Cash                paid for income taxes                                                              |   | $                                             | -          |   | $ | - |   |

----

**PLATINUM      STUDIOS, INC.**

**NOTES      TO FINANCIAL STATEMENTS**

**June      30, 2008**

**(UNAUDITED)**

| **( 1                  )** | **Description                    of business** |
|---------------------------------|------------------------------------------------|

**Nature      of operations**

|   | Platinum                Studios, LLC was formed and operated as a California limited liability                company from its inception on November 20, 1996 through September                14,                2006. On September 15, 2006, Platinum Studios, LLC filed with the                State of                California to convert Platinum Studios, LLC into Platinum Studios,                Inc.,                (“the Company”, “Platinum”) a California corporation. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | This                change to the Company structure was made in preparation of a private                placement memorandum and common stock offering in October, 2006 (Note                13). |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **(                2 )** | **Basis                of financial statement                presentation** |
|--------------------------|-----------------------------------------------------------------------------|

|   | The                accompanying unaudited financial statements of the Company have been                prepared in accordance with United States generally accepted accounting                principles for interim financial statements and with the instructions                to                Form 10-Q and Article 10 of Regulation S-X, promulgated by the Securities                and Exchange Commission (the “SEC”). Accordingly, they do not include all                of the information and disclosures required by United States generally                accepted accounting principles for complete financial statements.                In the                opinion of management, all adjustments (consisting of normal recurring                adjustments) considered necessary for a fair presentation have been                included. The results of operations for interim periods are not                necessarily indicative of the results that may be expected for the                fiscal                year. The financial statements should be read in conjunction with                the                Company’s December 31, 2007 financial statements and accompanying notes                included in the Company’s Annual Report on Form 10-K (the “Annual                Report”). All terms used but not defined elsewhere herein have the                meanings ascribed to them in the Annual                Report. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The                balance sheet at December 31, 2007 has been derived from the audited                financial statements at that date but does not include all the information                and footnotes required by United States generally accepted accounting                principles for complete financial                statements. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **(                3 )** | **Going                concern** |
|--------------------------|----------------------------------|

----

| **(                4 )** | **Summary                of significant accounting                policies** |
|--------------------------|------------------------------------------------------------------------------|

|   | **Reclassifications **–                Certain prior year amounts have been reclassified in order to conform                to                the current year’s presentation. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **Revenue                recognition**-                Revenue from the licensing of characters and storylines (“the properties”)                owned by the Company are recognized in accordance with guidance provided                in Securities and Exchange Commission Staff Accounting Bulletin No.                104                “Revenue Recognition” (an amendment of Staff Accounting Bulletin No. 101                “Revenue Recognition”) (“SAB 104”). Under the SAB 104 guidelines, revenue                is recognized when the earnings process is complete. This is considered                to                have occurred when persuasive evidence of an agreement between the                customer and the Company exists, when the properties are made available                to                the licensee and the Company has satisfied its obligations under                the                agreement, when the fee is fixed or determinable and when collection                is                reasonably assured. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Use        of estimates**

----

| **(                4 )** | **Summary                of significant accounting policies                (continued)** |
|--------------------------|------------------------------------------------------------------------------------------|

|   | **Cash                and cash equivalents** –                The Company considers all highly liquid investment securities with                an                original maturity date of three months or less to be cash                equivalents. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **Accounts                receivable **–                Trade receivables are carried at original invoice amount. The company                does                not regularly issue credit to its customers. The Company performs                ongoing                reviews of its receivables for collectability. Trade receivables                are                written off when deemed uncollectable. Recoveries of trade receivables                previously written off are recorded as income when received. No trade                receivables were written off for the six months ended June 30, 2008                and                2007. The Company’s allowance for doubtful accounts was $0 as of June 30,                2008 and December 31, 2007. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **Other                receivable**-                Other receivables are related to the sublease of unused office space                at                the Company’s headquarters. Other receivables are carried at original                invoice amount. Other receivables are written off when deemed                uncollectable. Recoveries of other receivables previously written                off are                recorded as income when received. The Company’s allowance for doubtful                accounts for other receivables was $75,000 as of June 30, 2008 and                $0 as                of December 31, 2007. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Concentrations      of risk**

|   | During                the three and six months ended June 30,                2008 and 2007,                the Company had customer revenues representing a concentration of                the                Company’s total revenues. For the three months ended June 30, 2008, three                customers represented approximately 66%, 13% and 11% of total revenues.                For the six months ended June 30, 2008, four customers represented                approximately 45%, 18%, 14% and 9% of total revenues. For the three                months                ended June 30, 2007, two customers represented approximately 71%,                and 24%                of total revenues. For the six months ended June 30, 2007, three                customers                represented approximately 60%, 27% and 9% of total revenues. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **Depreciation**                -                Depreciation is computed on the straight-line method over the following                estimated useful lives: |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **(                4 )** | **Summary                of significant accounting policies                (continued)** |
|--------------------------|------------------------------------------------------------------------------------------|

| Fixed                assets           |   | Useful                Lives  |                                                         |
|---------------------------------------|--------|-----------------------------------|--------------------------------------------------------------|
|                                  |   |                              |                                                         |
| Furniture                and fixtures |   |                              | 7                years                                       |   |
| Computer                equipment     |   |                              | 5                years                                       |   |
| Office                equipment       |   |                              | 5                years                                       |   |
| Software                              |   |                              | 3                years                                       |   |
| Leasehold                improvements |   |                              | Shorter                of lease term or useful economic life |   |

**Character      development costs**

|   | **Purchased                intangible assets and long-lived assets **–                Intangible assets are capitalized at acquisition costs and intangible                assets with definite lives are amortized on the straight-line basis.                The                Company periodically reviews the carrying amounts of intangible assets                and                property in conformance with the Statement of Financial Accounting                Standards No. 144, *Accounting                for the Impairment or Disposal of Long-Lived Assets*                (SFAS 144). Under SFAS 144, long-lived assets, such as property and                equipment, and purchased intangibles subject to amortization, are                reviewed                for impairment whenever events or changes in circumstances indicate                that                the carrying amount of an asset may not be recoverable. Recoverability                of                assets to be held and used is measured by a comparison of the carrying                amount of an asset to the estimated undiscounted future cash flows                expected to be generated by the asset. If the carrying amount of                an asset                exceeds its estimated future cash flows, the impairment charge to                be                recognized is measured by the excess of the carrying amount over                the fair                value of the asset. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **Advertising                costs**                -                Advertising costs are expensed the later of when incurred or when                the                advertisement is first run. For the three and six months ended June                30,                2008 advertising expenses were $11,935 and $47,510, respectively.                For the                three and six months ended June 30, 2007 advertising expenses were                $48,737                and $95,014, respectively. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Research      and development **

----

| **(                4 )** | **Summary                of significant accounting policies                (continued)** |
|--------------------------|------------------------------------------------------------------------------------------|

**Income      taxes **

**Net      income/(loss) per share**

| **(                5 )** | **Inventory**  |
|--------------------------|---------------------|

|   | Inventory                is stated at the lower of cost (computed on a first-in, first-out                basis)                or market. The inventory consists of finished goods purchase for                resale. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                            |   | **June 30, 2008 ****(Unaudited)** |   | **December 31, 2007** |   |
|---------------------------------|--------|--------------------------------------------------|--------|---------------------------------|--------|
|                            |   |                                             |   |                            |   |
| Kiss                merchandise |   |                                             | -      |                            |   | 59,528 |   |
|                            |   |                                             |   |                            |   |   |   |
|                            |   | $                                                | -      |                            | $      | 59,528 |   |

|   | For                the six months ended June 30, 2008 The Company recorded an inventory                impairment of $54,823. For the year ended December 31, 2007 the Company                recorded no inventory impairment or inventory reserve                expense. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **(                  6 )** | **Property                  and equipment**  |
|----------------------------|---------------------------------------------------|

|   | Property                  and equipment are recorded at cost. The cost of repairs and maintenance                  are expensed when incurred, while expenditures refurbishments and                  improvements that significantly add to the productive capacity                  or extend                  the useful life of an asset are capitalized. Upon asset retirement                  or                  disposal, any resulting gain or loss is included in the results                  of                  operations. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                              |   | **June 30, 2008 ****(Unaudited)** |     | **December 31, 2007** |   |
|---------------------------------------------------|--------|--------------------------------------------------|----------|---------------------------------|--------|
| Property and                equipment, cost: |   |                                             |     |                            |   |   |   |
| Office                equipment                   |   | $                                                | 13,207   |                            | $      | 10,804 |   |
| Furniture                and fixtures             |   |                                             | 118,140  |                            |   | 118,140 |   |
| Computer                equipment                 |   |                                             | 158,648  |                            |   | 151,220 |   |
| Software                                          |   |                                             | 93,149   |                            |   | 91,292 |   |
| Leasehold                improvements             |   |                                             | 20,557   |                            |   | 20,557 |   |
|                                              |   |                                             | 403,701  |                            |   | 392,013 |   |
| Less                accumulated depreciation      |   |                                             | (176,692 | )                               |   | (134,883 | ) |
|                                              |   |                                             |     |                            |   |   |   |
| Net                property and equipment         |   | $                                                | 227,009  |                            | $      | 257,130 |   |

| **(              7 )** | **Character                Rights** |
|------------------------|-------------------------------------|

| **(              8 )** | **Due                to related party** |
|------------------------|-----------------------------------------|

|                                                        |   | **June 30, 2008 ****(Unaudited)** |    | **December 31, 2007** |   |
|-------------------------------------------------------------|--------|--------------------------------------------------|---------|---------------------------------|--------|
|                                                        |   |                                             |    |                            |   |
| B.Altounian                - Consulting prior to employment |   |                                             | 193,079 |                            |   | 193,079 |   |
|                                                        |   |                                             |    |                            |   |   |   |
|                                                        |   | $                                                | 193,079 |                            | $      | 193,079 |   |

----

| **(              9 )** | **Short-term                and long-term debt** |
|------------------------|--------------------------------------------------|

| **Short-term debt**                                                                                                                                                                                                                                                                                                                        |   | **June 30, 2008****(Unaudited)** |    | **December 31, 2007** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|---------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |
| Loan                payable to member - uncollateralized; payable in monthly installments                of                interest only at variable interest rates. At June 30, 2008 and December                31, 2007 , the interest rates were 4.90% and 7.15%, respectively.                Due upon                demand               |   | $                                          | 749,874 |                            | $      | 740,011 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to 3rd party - uncollateralized; payable in annual installments                of                interest only at 6%. Due upon demand                                                                                                                                                                               |   |                                       | 18,200  |                            |   | 17,676 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to member - uncollateralized; payable in monthly installments                of                interest only at 5%. Due upon demand.                                                                                                                                                                                |   |                                       | 114,288 |                            |   | 160,964 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to member - uncollateralized; payable in monthly installments                of                principal and interest at varying rates. At June 30, 2008 and December                31,                2007, the interest rates were 8.61% and 3.99%, respectively. Due                upon                demand. |   |                                       | 213,515 |                            |   | 136,487 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to member - uncollateralized; interest only at 5%. Due upon                demand.                                                                                                                                                                                                                                  |   |                                       | 1,362   |                            |   | 10,000 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 5%. Payable on demand.                                                                                                                                                                                        |   |                                       | -       |                            |   | 510 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due August, 2008.                                                                                                                                                                                        |   |                                       | -       |                            |   | 213,315 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 18%. Due August, 2008.                                                                                                                                                                                        |   |                                       | 14,227  |                            |   | 27,573 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 18%. Due April, 2008.                                                                                                                                                                                         |   |                                       | -       |                            |   | 110,290 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due September, 2008.                                                                                                                                                                                     |   |                                       | 109,649 |                            |   | 106,658 |   |
|                                                                                                                                                                                                                                                                                                                                            |   |                                       |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due August, 2008.                                                                                                                                                                                        |   |                                       | 28,193  |                            |   | 26,697 |   |

----

| **(              9 )** | **Short-term                and long-term debt                (continued)** |
|------------------------|-----------------------------------------------------------------------------|

| **Short-term                debt**                                                                                                                          |   | **June 30, 2008 ****(Unaudited)** |    | **December 31, 2007** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|---------|---------------------------------|--------|
|                                                                                                                                                        |   |                                             |    |                            |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due September, 2008. |   |                                             | 28,168  |                            |   | 26,673 |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due September, 2008. |   |                                             | 57,111  |                            |   | 54,149 |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due August, 2008.    |   |                                             | 16,931  |                            |   | 16,033 |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due August, 2008.    |   |                                             | 73,843  |                            |   | 109,195 |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due September, 2008. |   |                                             | 28,251  |                            |   | 26,755 |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due August, 2008.    |   |                                             | 112,873 |                            |   | 106,922 |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due August, 2008.    |   |                                             | 113,085 |                            |   | - |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Bank                line of credit - uncollateralized; payable in monthly installments                of                interest only at 7.5%.              |   |                                             | 50,000  |                            |   | - |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; Lump sum payable in August,                2008.                                             |   |                                             | 60,000  |                            |   | - |   |
|                                                                                                                                                        |   |                                             |    |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 5%. Due September, 2008.  |   |                                             | 25,092  |                            |   | - |   |

----

| **(              9 )** | **Short-term                and long-term debt                (continued)** |
|------------------------|-----------------------------------------------------------------------------|

| **Short-term                debt**                                                                                                                                                                                                                                                                                                                                                                                                  |   | **June 30, 2008 ****(Unaudited)** |      | **December 31, 2007** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|-----------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |
| Loan                payable to shareholder - uncollateralized; Lump sum payable in July,                2008.                                                                                                                                                                                                                                                                                                                       |   |                                             | 28,000    |                            |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; Lump sum payable in July,                2008.                                                                                                                                                                                                                                                                                                                       |   |                                             | 17,000    |                            |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Loan                payable to shareholder - uncollateralized; payable in monthly installments                of interest only at 12%. Due September, 2008.                                                                                                                                                                                                                                                                         |   |                                             | 300,592   |                            |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Total                short-term debt                                                                                                                                                                                                                                                                                                                                                                                                |   | $                                                | 2,160,254 |                            | $      | 1,889,908 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| **Long-term                debt**                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                             |      |                            |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Loan                payable to member - uncollateralized; payable in monthly installments                of                interest only at variable interest rates. At June 30, 2008 and December                31, 2007, the interest rates were 7.151% and 7.487%, respectively.                Monthly                payments of principal and interest begin on July 1, 2009; final payment                due June 1, 2034. |   |                                             | 1,293,989 |                            |   | 1,293,989 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Loan                payable to member - uncollateralized; principal includes interest                accrued                at variable interest rates. At June 30, 2008 and December 31, 2007                the                interest rate was 5.0%. The loans are due June 30, 2010.                                                                                                                                           |   |                                             | 1,173,977 |                            |   | 1,237,475 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Total                long-term debt                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                                                | 2,467,966 |                            | $      | 2,531,464 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                             |      |                            |   |   |   |
| Total                short-term and long-term debt                                                                                                                                                                                                                                                                                                                                                                                  |   | $                                                | 4,628,220 |                            | $      | 4,421,372 |   |

----

| **(              9 )** | **Short-term                and long-term debt                (continued)** |
|------------------------|-----------------------------------------------------------------------------|

| Years                Ending December 31,                       |   |   |      |
|----------------------------------------------------------------|--------|--------|-----------|
|                                                           |   |   |      |
| 2008                                                           |   |   | 2,160,254 |   |
| 2009                                                           |   |   | 8,699     |   |
| 2010                                                           |   |   | 1,192,411 |   |
| 2011                                                           |   |   | 19,907    |   |
| 2012                                                           |   |   | 21,496    |   |
| Thereafter                                                     |   |   | 1,225,453 |   |
|                                                           |   |   |      |   |
| Total                short-term and long-term debt obligations |   |   | 4,628,220 |   |

| **(              10 )** | **Operating                and capital leases** |
|-------------------------|-------------------------------------------------|

|   | The                Company has entered into operating leases having expiration dates                through                2011 for real estate and various equipment needs, including office                facilities, computers, office equipment and a vehicle. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **(              10 )** | **Operating                and capital leases                (continued)** |
|-------------------------|----------------------------------------------------------------------------|

| Years                  Ending December 31,                |   | **Capital Leases** |    |
|-----------------------------------------------------------|--------|-------------------------|---------|
| 2008                                                      |   | $                       | 94,303  |   |
| 2009                                                      |   |                    | 58,060  |   |
| 2010                                                      |   |                    | 37,947  |   |
| 2011                                                      |   |                    | 24,705  |   |
| Thereafter                                                |   |                    | -       |   |
| Total                  minimum obligations                |   |                    | 215,015 |   |
| Less                  amounts representing interest       |   |                    | 35,338  |   |
| Present                  value of net minimum obligations |   |                    | 179,677 |   |
| Less                  current portion                     |   |                    | 73,282  |   |
| Long-term                  portion                        |   | $                       | 106,395 |   |

| Years                  Ending December 31, |   | **Operating Leases** |      |
|--------------------------------------------|--------|---------------------------|-----------|
| 2008                                       |   | $                         | 427,945   |   |
| 2009                                       |   |                      | 430,761   |   |
| 2010                                       |   |                      | 442,815   |   |
| 2011                                       |   |                      | 302,855   |   |
| Thereafter                                 |   |                      | -         |   |
| Total                  minimum obligations |   | $                         | 1,604,376 |   |

| **(                11 )** | **Commitments** |
|---------------------------|-----------------|

----

| **(                12 )** | **Related                party transactions** |
|---------------------------|-----------------------------------------------|

|   | The                Company has an exclusive option to enter licensing/acquisition of                rights                agreements for individual characters, subject to existing third party                rights, within the RIP Awesome Library of RIP Media, Inc., a related                entity in which Scott Rosenberg is a majority shareholder. The Company                did                not exercise this right during the years ended December 31,  2007                and 2006.  Scott                Mitchell Rosenberg also provides production consulting services to                the                Company’s customers (production companies) through Scott Mitchell                Rosenberg Productions (another related entity) wholly owned by Scott                Mitchell Rosenberg. At the time the Company enters into a purchase                agreement with a production company, a separate contract may be entered                into between the related entity and the  production                company. In addition, consulting services regarding development of                characters and storylines may also be provided to the Company by                this                related entity. Revenue would be paid directly to the related entity                by                the production company. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **(              13 )** | **Stockholders                equity** |
|-------------------------|----------------------------------------|

----

| **(              13 )** | **Stockholders                equity (continued)** |
|-------------------------|----------------------------------------------------|

| **(              14 )** | **Common                Stock Purchase                Warrants** |
|-------------------------|------------------------------------------------------------------|

|                                    |   | **Outstanding**         |   | **Exercisable**                                                 |   |
|-----------------------------------------|--------|-------------------------|--------|-----------------------------------------------------------------|--------|
|                                    |   |                    |   |                                                            |   |   |   |   |   |   |   |
| Range of Exercise Prices |   | Number Outstanding |   | Weighted Average Remaining Contractual Life |   | Weighted Average Exercise Price |   | Number Exercisable |   | Weighted Average Exercise Price |   |
|                                    |   |                    |   |                                                            |   |   |   |   |   |   |   |
| ***Warrants***                          |   |                    |   |                                                            |   |   |   |   |   |   |   |
|                                    |   |                    |   |                                                            |   |   |   |   |   |   |   |
| $                                       | 0.10   |                    |   | 2,896,100                                                       |   |   | 3.67 |   | $ | 0.10 |   |   | 2,896,100 |   | $ | 0.10 |   |
| $                                       | 0.10   |                    |   | 2,896,100                                                       |   |   | 3.67 |   | $ | 0.10 |   |   | 2,896,100 |   | $ | 0.10 |   |

----

| **(              15 )** | **Stock                Options** |
|-------------------------|----------------------------------|

*** ***

|                                              |   | **Six months ended ****June 30, 2008** |    |
|---------------------------------------------------|--------|-----------------------------------------------------------------|---------|
|                                              |   | **Shares**                                                      |    | **Weighted ****Average ****Exercise ****Price** |   |
| Outstanding—beginning of year     |   |                                                            | — |   | $ | — |   |
| Granted at fair value              |   |                                                            | 22,050  |   |   | 0.10 |   |
| Exercised                                         |   |                                                            | — |   |   | — |   |
| Canceled/forfeited                                |   |                                                            | 800     |   |   | — |   |
| Outstanding—end                of quarter   |   |                                                            | 21,250  |   |   | 0.10 |   |
| Options                exercisable at quarter-end |   |                                                            | 19,106  |   | $ | 0.10 |   |

|                                        |   | **Options Outstanding** |   | **Options Exercisable**                 |   |
|---------------------------------------------|--------|------------------------------|--------|----------------------------------------------|--------|
| **Range of Exercise Prices** |   | **Shares**                   |   | **Weighted****Average****Exercise****Price** |   | **Weighted****Average****Remaining****Contract****Life** |   | **Aggregate****Intrinsic****Value** |   | **Shares** |   | **Weighted****Average****Exercise****Price** |   | **Weighted****Average****Remaining****Contract****Life** |   | **Aggregate****Intrinsic****Value** |   |
| $0.0-$0.10                                  |   |                         | 21,250 |                                         | $      | 0.10 |   |   | 2.75 |   | $ | 882 |   |   | 19,106 |   | $ | 0.10 |   |   | 2.75 |   | $ | 788 |   |

----

| **(              16 )** | **Income                taxes** |
|-------------------------|---------------------------------|

----

| **(              17 )** | **Subsequent                events**** ** |
|-------------------------|------------------------------------------------|

----

**TEM      2:  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS      OF **
**OPERATIONS****FORWARD-LOOKING STATEMENTS**

| · | discuss                our future expectations;                                                                          |
|--------|--------------------------------------------------------------------------------------------------------------------------|
| · | contain                projections of our future results of operations or of our financial                condition; and |
| · | state                other "forward-looking"                information.                                                 |

**GENERAL**

----

**RESULTS      OF OPERATIONS - THREE AND SIX MONTHS ENDED JUNE 30, 2008 COMPARED TO THE THREE      AND SIX MONTHS ENDED JUNE 30, 2007**

**NET      REVENUE (UNAUDITED)**

**EXPENSES      (UNAUDITED)**

*Cost      of revenues*

*Operating      expenses*

*Research      and development*

----

*Stock      option expense*

*Depreciation      and amortization*

**LIQUIDITY      AND CAPITAL RESOURCES (UNAUDITED)**

**MARKET      RISKS **

----

**CRITICAL      ACCOUNTING POLICIES AND ESTIMATES**

----

----

**ITEM      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET      RISK**

**ITEM      4T. CONTROLS AND PROCEDURES **

----

**PART II      - OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS**

**ITEM      1A. RISK FACTORS**

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES **

**ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

**ITEM      6. EXHIBITS**

| 31.1*  | Certification                by Chief Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a)                of the Exchange Act                                                                                                                           |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                               |
| 31.2*  | Certification                by Interim Chief Financial Officer, required by Rule 13a-14(a) or                Rule                15d-14(a) of the Exchange Act                                                                                                    |
|   |                                                                                                                                                                                                                                                               |
| 32.1*  | Certification                by Chief Executive Officer, required by Rule 13a-14(b) or Rule 15d-14(b)                of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of                the                United States Code                        |
|   |                                                                                                                                                                                                                                                               |
| 32.2*  | Certification                by Interim Chief Financial Officer, required by Rule 13a-14(b) or                Rule                15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title                18                of the United States Code |

***      **

----

**SIGNATURES**

|   | **Platinum                Studios, Inc.**                                                                                       |
|--------|---------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                            |
| By:    | /s/                Scott Mitchell Rosenberg                                                                                |
|   | Scott                Mitchell Rosenberg                                                                                         |
|   | Chief                Executive Officer                                                                                          |
|   | and                Chairman of the Board                                                                                        |
|   |                                                                                                                            |
| By:    | /s/                Brian Altounian                                                                                         |
|   | Brian                Altounian                                                                                                  |
|   | President,                Chief Operating Officer&                Principal Financial and Accounting                Officer |

----