Business | Platinum Studios has sold webcomics community DrunkDuck to e-book publisher WOWIO for an undisclosed sum. WOWIO was purchased in 2008 by Platinum and then sold in July 2009 to a holding company formed by Platinum President and COO Brian Altounian.
The DrunkDuck acquisition follows the announcement last week that WOWIO has raised $1.7 million in private financing and purchased WEvolt.com, an online community for creators to share and promote their work. Established in 2002 by Dylan Squires, DrunkDuck provides free hosting for webcomics, as well as forums and a feedback/review system. The site was purchased in December 2006 by Platinum. [press release]