Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On June 2, 2008, the Board of Directors of Platinum Studios, Inc. (the "Company" or "Platinum") and shareholders holding a majority of the Company's outstanding stock approved an amendment to the Company's Bylaws to increase the number of directors to no less than 5 and no more than 7, with exact number being set currently at 5. As a result of the increase, there are currently 2 vacancies on the Company's Board of Directors.

Item 8.01 Other Items

Also, on June 2, 2008, the Company's Board of Directors and shareholders holding a majority of the Company's outstanding stock approved an amendment to the Company's 2007 Incentive Plan (the "Plan") to increase the number of shares subject to the Plan from 30,000,000 to 45,000,000 shares.

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