Platinum Entertainment was an American record label that operated in the 1990s.

The company was founded by Steve Devick in 1991, who reorganized his River North Studios recording studio into a record label.^[1] The company initially sold primarily gospel music, but diversified into other genres, primarily by signing older but still active acts instead of developing new artists.^[1]

In 1994, Platinum acquired Diadem, a label active in the Christian music industry,^[2] and purchased Intersound Records in 1996.^[3]

By 1997, the company's revenue was estimated to be $130 million annually.^[1] However, by the turn of the century Platinum had begun to lose money—its first quarter financial report in 2000 showed that the company had lost $3.9 million in the quarter and had just $3,000 in cash.^[4] The company closed its distribution subsidiary in June,^[5] but was nevertheless forced to declare bankruptcy in July, with liabilities of $52.1 million against assets of $15.7 million.^[6] Martin Tudor, a former Intersound executive, reorganized some Platinum assets into a new label named Compendia Music Group.^[6][7]

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