Reanimate
Sorcery
Put target creature card from a graveyard onto the battlefield under your control. You lose life equal to its converted mana cost.
You will learn to earn death. —Volrath
Illustrated by
Friday Night Magic 2004#10RareEnglishLegality
Rulings
If a card in a player’s graveyard has 
in its mana cost, X is considered to be 0.
The amount of life you lose is determined by the converted mana cost of the card in your graveyard, not the creature once it’s on the battlefield.
You lose life after the creature is already on the battlefield. Any abilities it has that interact with loss of life, such as that of Platinum Emperion, apply to that loss of life.
If any abilities trigger on the creature entering the battlefield, those abilities resolve after you lose life. If losing life results in you losing the game, those abilities won’t resolve.
In a multiplayer game, if a player leaves the game, all cards that player owns leave as well. If you leave the game, the creature you control from Reanimate is exiled.