<PAGE>   1


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

                                  FORM S-8

           REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                          METRO GLOBAL MEDIA, INC.
                          ------------------------
               (Name of small business issuer in its charter)

FLORIDA                                              65-0025871    
- ----------------------------------------------------------------------
(State or other jurisdiction                       (I.R.S. Employer
of incorporation or organization)                  Identification No.)

1060 Park Avenue, Cranston, Rhode Island              02910      
- -----------------------------------------------------------------------
(Address of principal place of business)            (zip code)

         Metro Global Media, Inc. Consultant Stock Compensation Plan
         -----------------------------------------------------------
                          (Full title of the plan)

       Jeffrey G. Klein, Esq., 2600 Military Trail, Boca Raton, FL 33431
                                 (407) 997-4050
           (Name, address and telephone number of agent for service)

                        CALCULATION OF REGISTRATION FEE


<TABLE>
<CAPTION>
                                                                       Proposed       
                                                 Proposed              maximum  
Title of securities       Amount to be       maximum offering    aggregate offering         Amount of
to be registered          registered         price per share            price            Registration Fee
<S>                       <C>                     <C>                  <C>                   <C>
Common Stock              250,000(2)              $2,375               $593,750              $204.74
Common Stock              250,000(3)              $n/a                 $n/a                  $n/a
Common Stock              250,000(3)              $n/a                 $n/a                  $n/a (4)
</TABLE>




(1)      Estimated pursuant to Rule 457(c) and 457(h) solely for the purpose of
         calculating the Registration Fee, which is based on the closing sale
         price of the Company's Common Stock on September 19, 1996 as reported 
         by NASDAQ.

(2)      Represents the maximum number of shares to which options may be
         granted under the South Pointe Enterprises, Inc. Consultant Stock
         Compensation Plan (the "Plan").

(3)      Represents the same shares described on the line above, which may be
         resold by the holders of options issued under the Plan.

(4)      Pursuant to Rule 457(h)(3), no additional fee is payable since these
         shares, which may be offered for resale, are the same shares being
         registered hereby upon their initial issuance pursuant to the Plan.
<PAGE>   2

                                    PART II

                 INFORMATION REQUIRED IN REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference

         The following documents which have been heretofore filed with the
Securities and Exchange Commission (the "Commission") by the Registrant (File
No. 0-21634) pursuant to the Securities Exchange Act of 1934 (the "Exchange
Act") are incorporated by reference in this Registration Statement:

         (1)     The Registrant's Annual Report on Form 10-KSB/A#1 for the
                 fiscal year ended May 31, 1996;

         (2)     All other reports filed by the Registrant with the Commission
pursuant to Section 13(a) or Section 15(d) of the Exchange Act since the end of
the fiscal year covered by the Registrant's Annual Report referred to above;
and

         (3)     The description of the Common Stock of the Registrant
contained in the Registrant's Registration Statement on Form 8-A.

         All documents filed by the Registrant with the Commission pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of
this Registration Statement and prior to the filing of a post-effective
amendment hereto which indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of
filing of such documents.


Item 4.  Description of Securities.

         Not applicable.


Item 5.  Interests of Named Experts and Counsel.

         Not applicable.


Item 6.  Indemnification of Directors and Officers.

         The Bylaws of the Registrant contain provisions which provide for the
indemnification of directors, officers, and other employees or agents of the
Registrant property appointed to serve in an official capacity who while acting
in good faith, in the best interests of the Registrant, and within the scope of
their offices, are or are threatened to be named as a defendant or respondent
in a civil or criminal action.  The extent of the
<PAGE>   3
indemnification is limited to judgements, penalties, fines, settlements and
reasonable expenses actually incurred.


Item 7.  Exemption from Registration Claimed.

         Not applicable.


Item 8.  Exhibits.

  *      5.1     Opinion of James P. Redding & Associates

  *      10.1    Metro Global Media, Inc. Consultant Stock Compensation Plan

  *      23.1    Consent of Trien, Rosenberg, Rosenberg, Weinberg, Ciullo &
                 Fazzari, LLP

         23.2    Consent of James P. Redding & Associates (contained in the
                 opinion filed as Exhibit 5.1 hereof).

(* filed herewith)


Item 9.  Undertakings.

The Registrant hereby undertakes:

   (a)(1)        to file, during any period in which it offers or sells
                 securities, a post effective amendment to this registration
                 statement to include any prospectus required by Section
                 10(a)(3) of the Securities Act;

      (2)        that, for the purpose of determining any liability under the
                 Securities Act of 1933, to treat each post-effective amendment
                 as a new registration statement of the securities offered, and
                 the offering of the securities at that time to be the initial
                 bona fide offering;

      (3)        to remove from registration by means of a post-effective
                 amendment any of the securities that remain unsold at the end
                 of the offering.

      Insofar as indemnification for liabilities arising under the
Securities Act of 1933 (the "Act") may be permitted to directors, officers, and
controlling persons of the small business issuer pursuant to the foregoing
provisions, or otherwise, the small business issuer has been advised that in
the opinion of the Securities and Exchange Commission such indemnification is
<PAGE>   4
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the Company in the successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in
the opinion of this counsel that matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final jurisdiction of such issue.
<PAGE>   5
                              S I G N A T U R E S

Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf, in the City of Cranston, State of Rhode
Island on September 18, 1996.

                                           METRO GLOBAL MEDIA, INC.

                                           By:/s/ Kenneth F. Guarino       
                                              -------------------------------
                                              Kenneth F. Guarino, President


         Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.

<TABLE>
<CAPTION>
Signature                         Title                       Date
- ---------                         -----                       ----
<S>                       <C>                               <C>        
/s/ Kenneth F. Guarino    President                         September 18, 1996
- -----------------------   principal executive                                 
Kenneth F. Guarino        officer)              
                                                

/s/ T. James Blair        Treasurer                         September 18, 1996
- ----------------------    (principal financial                                
T. James Blair            and accounting officer) 
                          and Director            
                                                  

/s/ Alan S. Casale        Director                          September 18, 1996
- -----------------------                                                       
Alan S. Casale

/s/ A. Daniel Geribo      Director                          September 19, 1996
- -----------------------                                               
A. Daniel Geribo

/s/ Dolores Guglielmi     Director                          September 18, 1996
- -----------------------                                                       
Dolores Guglielmi
</TABLE>
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 9834}]
{"company-data": {"conformed-name": "METRO GLOBAL MEDIA INC", "cik": "0000838803", "assigned-sic": "7812", "irs-number": "650025871", "state-of-incorporation": "FL", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-12555", "film-number": "96633692"}, "business-address": {"street1": "1060 PARK AVENUE", "city": "CRANSTON", "state": "RI", "zip": "02910", "phone": "4019427876"}, "mail-address": {"street1": "1060 PARK AVE", "city": "CRANSTON", "state": "RI", "zip": "02910"}, "former-company": {"former-conformed-name": "SOUTH POINTE ENTERPRISES INC", "date-changed": "19940310"}}
1

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

                                  FORM S-8

           REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                          METRO GLOBAL MEDIA, INC.
                          ------------------------
               (Name of small business issuer in its charter)

FLORIDA                                              65-0025871    
- ----------------------------------------------------------------------
(State or other jurisdiction                       (I.R.S. Employer
of incorporation or organization)                  Identification No.)

1060 Park Avenue, Cranston, Rhode Island              02910      
- -----------------------------------------------------------------------
(Address of principal place of business)            (zip code)

         Metro Global Media, Inc. Consultant Stock Compensation Plan
         -----------------------------------------------------------
                          (Full title of the plan)

       Jeffrey G. Klein, Esq., 2600 Military Trail, Boca Raton, FL 33431
                                 (407) 997-4050
           (Name, address and telephone number of agent for service)

                        CALCULATION OF REGISTRATION FEE
Proposed       
                                                 Proposed              maximum  
Title of securities       Amount to be       maximum offering    aggregate offering         Amount of
to be registered          registered         price per share            price            Registration Fee
Common Stock              250,000(2)              $2,375               $593,750              $204.74
Common Stock              250,000(3)              $n/a                 $n/a                  $n/a
Common Stock              250,000(3)              $n/a                 $n/a                  $n/a (4)
(1)      Estimated pursuant to Rule 457(c) and 457(h) solely for the purpose of
         calculating the Registration Fee, which is based on the closing sale
         price of the Company's Common Stock on September 19, 1996 as reported 
         by NASDAQ.

(2)      Represents the maximum number of shares to which options may be
         granted under the South Pointe Enterprises, Inc. Consultant Stock
         Compensation Plan (the "Plan").

(3)      Represents the same shares described on the line above, which may be
         resold by the holders of options issued under the Plan.

(4)      Pursuant to Rule 457(h)(3), no additional fee is payable since these
         shares, which may be offered for resale, are the same shares being
         registered hereby upon their initial issuance pursuant to the Plan.
2

                                    PART II

                 INFORMATION REQUIRED IN REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference

         The following documents which have been heretofore filed with the
Securities and Exchange Commission (the "Commission") by the Registrant (File
No. 0-21634) pursuant to the Securities Exchange Act of 1934 (the "Exchange
Act") are incorporated by reference in this Registration Statement:

         (1)     The Registrant's Annual Report on Form 10-KSB/A#1 for the
                 fiscal year ended May 31, 1996;

         (2)     All other reports filed by the Registrant with the Commission
pursuant to Section 13(a) or Section 15(d) of the Exchange Act since the end of
the fiscal year covered by the Registrant's Annual Report referred to above;
and

         (3)     The description of the Common Stock of the Registrant
contained in the Registrant's Registration Statement on Form 8-A.

         All documents filed by the Registrant with the Commission pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of
this Registration Statement and prior to the filing of a post-effective
amendment hereto which indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of
filing of such documents.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         The Bylaws of the Registrant contain provisions which provide for the
indemnification of directors, officers, and other employees or agents of the
Registrant property appointed to serve in an official capacity who while acting
in good faith, in the best interests of the Registrant, and within the scope of
their offices, are or are threatened to be named as a defendant or respondent
in a civil or criminal action.  The extent of the
3
indemnification is limited to judgements, penalties, fines, settlements and
reasonable expenses actually incurred.

Item 7.  Exemption from Registration Claimed.

         Not applicable.

Item 8.  Exhibits.

  *      5.1     Opinion of James P. Redding & Associates

  *      10.1    Metro Global Media, Inc. Consultant Stock Compensation Plan

  *      23.1    Consent of Trien, Rosenberg, Rosenberg, Weinberg, Ciullo &
                 Fazzari, LLP

         23.2    Consent of James P. Redding & Associates (contained in the
                 opinion filed as Exhibit 5.1 hereof).

(* filed herewith)

Item 9.  Undertakings.

The Registrant hereby undertakes:

   (a)(1)        to file, during any period in which it offers or sells
                 securities, a post effective amendment to this registration
                 statement to include any prospectus required by Section
                 10(a)(3) of the Securities Act;

      (2)        that, for the purpose of determining any liability under the
                 Securities Act of 1933, to treat each post-effective amendment
                 as a new registration statement of the securities offered, and
                 the offering of the securities at that time to be the initial
                 bona fide offering;

      (3)        to remove from registration by means of a post-effective
                 amendment any of the securities that remain unsold at the end
                 of the offering.

      Insofar as indemnification for liabilities arising under the
Securities Act of 1933 (the "Act") may be permitted to directors, officers, and
controlling persons of the small business issuer pursuant to the foregoing
provisions, or otherwise, the small business issuer has been advised that in
the opinion of the Securities and Exchange Commission such indemnification is
4
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the Company in the successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in
the opinion of this counsel that matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final jurisdiction of such issue.
5
                              S I G N A T U R E S

Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf, in the City of Cranston, State of Rhode
Island on September 18, 1996.

                                           METRO GLOBAL MEDIA, INC.

                                           By:/s/ Kenneth F. Guarino       
                                              -------------------------------
                                              Kenneth F. Guarino, President

         Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature                         Title                       Date
- ---------                         -----                       ----
/s/ Kenneth F. Guarino    President                         September 18, 1996
- -----------------------   principal executive                                 
Kenneth F. Guarino        officer)              
                                                

/s/ T. James Blair        Treasurer                         September 18, 1996
- ----------------------    (principal financial                                
T. James Blair            and accounting officer) 
                          and Director            
                                                  

/s/ Alan S. Casale        Director                          September 18, 1996
- -----------------------                                                       
Alan S. Casale

/s/ A. Daniel Geribo      Director                          September 19, 1996
- -----------------------                                               
A. Daniel Geribo

/s/ Dolores Guglielmi     Director                          September 18, 1996
- -----------------------                                                       
Dolores Guglielmi