content: <PAGE>
   
                         SECURITIES EXCHANGE AND 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):  August 29, 1997
  
  
  
                          YES! Entertainment Corporation
          ---------------------------------------------------------------
              (Exact name of registrant as specified in its charter)
  
  
     Delaware                   0-25916                   94-3165290 
  --------------        ------------------------     ------------------- 
  (State of             (Commission File Number)     (IRS Employer
  Incorporation)                                     Identification No.)
  
  
    3875 Hopyard Road, Suite 375, Pleasanton, California                 94588
  --------------------------------------------------------------------------------
         (Address of principal executive offices)                      (Zip Code)
  
  
                                  (510) 847-9444
            ----------------------------------------------------------
               (Registrant's telephone number, including area code)
  <PAGE>
   
  Item 5.                     Other Events.
                              ------------ 
  
       On August 29, 1997, the Registrant entered into Common Stock Purchase
  Agreements with each of six purchasers (the "Purchase Agreements"), pursuant to
  which the Registrant issued 831,000 shares of the Registrant's Common Stock is
  exchange for cancellation of trade indebtedness in an aggregate amount equal to
  $3,228,750.  In accordance with the terms of the Purchase Agreement, on
  September 2, 1997, the Registrant filed a Registration Statement on Form S-3
  covering the registration of such 831,000 shares.
  
  Item 7.                       Exhibits
                                --------
  
            4.1(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Machina, Inc..
  
            4.2(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Shoot The Moon Products II, LLC.
  
            4.3(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Harvey Herman Associates, Inc.
  
            4.4(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Creative Media, LLC.
  
            4.5(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Klitsner Industrial Design, LLC.
  
            4.6(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Hoida International (Hong Kong) Limited.
  
  _____________________
  (1) Incorporated by reference to the Exhibits filed with the Registrant's
  Registration Statement on Form S-3 (File No. 333-34813) on September 2, 1997.
  
  
                                        1.
  <PAGE>
   
                                     SIGNATURE
  
            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, thereunto duly authorized.
  
  
                                YES! ENTERTAINMENT CORPORATION
  
  
  
  Dated:  September 12, 1997          By:  /s/ Donald Kingsborough
                                         -------------------------
                                      Donald Kingsborough
                                      President and Chief Executive
                                      Officer
  
  
                                        2.
  <PAGE>
   
                                 INDEX TO EXHIBITS
                                 -----------------
  
  
  
       4.1(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Machina, Inc..
  
       4.2(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Shoot The Moon Products II, LLC.
  
       4.3(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Harvey Herman Associates, Inc.
  
       4.4(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Creative Media, LLC.
  
       4.5(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Klitsner Industrial Design, LLC.
  
       4.6(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Hoida International (Hong Kong) Limited.
  
  _____________________
  (1) Incorporated by reference to the Exhibits filed with the Registrant's
  Registration Statement on Form S-3 (File No. 333-34813) on September 2, 1997.
  
  
  
                                        3.
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 5024}]
metadata_filer: {"company-data": {"conformed-name": "YES ENTERTAINMENT CORP", "cik": "0000943747", "assigned-sic": "3944", "irs-number": "943165290", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25916", "film-number": "97679947"}, "business-address": {"street1": "3875 HOPYARD RD STE 375", "city": "PLEASANTON", "state": "CA", "zip": "94588", "phone": "5108479444"}, "mail-address": {"street1": "3875 HOPYARD ROAD", "street2": "SUITE 375", "city": "PLEASANTON", "state": "CA", "zip": "94588"}}
text: SECURITIES EXCHANGE AND 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):  August 29, 1997
  
                          YES! Entertainment Corporation
          ---------------------------------------------------------------
              (Exact name of registrant as specified in its charter)
  
     Delaware                   0-25916                   94-3165290 
  --------------        ------------------------     ------------------- 
  (State of             (Commission File Number)     (IRS Employer
  Incorporation)                                     Identification No.)
  
    3875 Hopyard Road, Suite 375, Pleasanton, California                 94588
  --------------------------------------------------------------------------------
         (Address of principal executive offices)                      (Zip Code)
  
                                  (510) 847-9444
            ----------------------------------------------------------
               (Registrant's telephone number, including area code)
  Item 5.                     Other Events.
                              ------------ 
  
       On August 29, 1997, the Registrant entered into Common Stock Purchase
  Agreements with each of six purchasers (the "Purchase Agreements"), pursuant to
  which the Registrant issued 831,000 shares of the Registrant's Common Stock is
  exchange for cancellation of trade indebtedness in an aggregate amount equal to
  $3,228,750.  In accordance with the terms of the Purchase Agreement, on
  September 2, 1997, the Registrant filed a Registration Statement on Form S-3
  covering the registration of such 831,000 shares.
  
  Item 7.                       Exhibits
                                --------
  
            4.1(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Machina, Inc..
  
            4.2(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Shoot The Moon Products II, LLC.
  
            4.3(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Harvey Herman Associates, Inc.
  
            4.4(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Creative Media, LLC.
  
            4.5(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Klitsner Industrial Design, LLC.
  
            4.6(1)  Form of Registrant's Common Stock Purchase Agreement between
                    the Registrant and Hoida International (Hong Kong) Limited.
  
  _____________________
  (1) Incorporated by reference to the Exhibits filed with the Registrant's
  Registration Statement on Form S-3 (File No. 333-34813) on September 2, 1997.
  
                                        1.
  SIGNATURE
  
            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, thereunto duly authorized.
  
                                YES! ENTERTAINMENT CORPORATION
  
  Dated:  September 12, 1997          By:  /s/ Donald Kingsborough
                                         -------------------------
                                      Donald Kingsborough
                                      President and Chief Executive
                                      Officer
  
                                        2.
  INDEX TO EXHIBITS
                                 -----------------
  
       4.1(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Machina, Inc..
  
       4.2(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Shoot The Moon Products II, LLC.
  
       4.3(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Harvey Herman Associates, Inc.
  
       4.4(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Creative Media, LLC.
  
       4.5(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Klitsner Industrial Design, LLC.
  
       4.6(1)  Form of Registrant's Common Stock Purchase Agreement between the
               Registrant and Hoida International (Hong Kong) Limited.
  
  _____________________
  (1) Incorporated by reference to the Exhibits filed with the Registrant's
  Registration Statement on Form S-3 (File No. 333-34813) on September 2, 1997.
  
                                        3.