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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~February~~June 1521, 2001

PLATINUM ENTERTAINMENT INC.
(Exact name of registrant as specified in its charter)

Delaware		000-27852		36-3802328
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

Delaware
(State or other jurisdiction
of incorporation)

000-27852
(Commission File Number)

36-3802328
(I.R.S. Employer
Identification Number)

11415 Old Roswell Road
Alpharetta, Georgia 30004
(Address of principal executive offices)

Registrant's telephone number, including area code: (770) 664-9262

Not applicable
(Former name or former address, if changed since last report)

ITEM 3. BANKRUPTCY OR RECEIVERSHIP

On ~~February~~June 1521, 2001, an order of the ~~Company,~~United asStates ~~Debtor,~~Bankruptcy ~~filed~~Court ~~the~~Northern ~~Debtor's~~District of Illinois Eastern Division was entered (a) approving a (x) Disclosure Statement to First Amended Joint Plan of Reorganization ~~with~~and (y) Summary Disclosure Statement for Equity Security Holders Regarding the ~~United~~First ~~States~~Amended Joint Amended Plan of Reorganization under Chapter 11 of the Bankruptcy ~~Court~~Code ~~for~~dated June 15, 2001 (the ~~Northern District~~"Plan"), filed by the Company and the Official Committee of ~~Illinois~~Unsecured Creditors on June 15, ~~Eastern~~2001 ~~District.~~and (b) fixing July 23, 2001 as the last day for filing written acceptances or rejections of the Plan

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND ~~RESULTS~~ EXHIBITS

c.: Exhibits:

Exhibit Number		Description
2.1		~~Debtor's~~First Amended Joint Plan of Reorganization dated ~~February~~June 15, 2001
2.2		Summary Disclosure Statement for Equity Security Holders Regarding the First Joint Amended Plan of Reorganization
2.3		Disclosure Statement to First Amended Joint Plan of Reorganization
2.4		Order Approving Disclosure Statement and Summary Disclosure Statement, and Fixing Time for Filing Acceptances or Rejections of Plan, Deadline for Filing Objections to Confirmation of the Plan, and Date for Hearing on Confirmation of the Plan

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PLATINUM ENTERTAINMENT INC. (Registrant)
Date: February 28, 2001	By:		/s/ SHANNON SAEGER Shannon Saeger Vice President and Treasurer
Date: July 2, 2001	By:	/s/ SHANNON SAEGER Shannon Saeger Vice President and Treasurer

INDEX TO EXHIBITS

Exhibit Number		Description
2.1		~~Debtor's~~First Amended Joint Plan of Reorganization dated ~~February~~June 15, 2001
2.2		Summary Disclosure Statement for Equity Security Holders Regarding the Joint Amended Plan of Reorganization
2.3		Disclosure Statement to First Amended Joint Plan of Reorganization
2.4		Order Approving Disclosure Statement and Summary Disclosure Statement, and Fixing Time for Filing Acceptances or Rejections of Plan, Deadline for Filing Objections to Confirmation of the Plan, and Date for Hearing on Confirmation of the Plan

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ITEM 3. BANKRUPTCY OR RECEIVERSHIP

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

SIGNATURES
INDEX TO EXHIBITS

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