content: <PAGE>
   
                        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 11, 1997
                                                   ------------------------------
   
                          YES! Entertainment Corporation
  -------------------------------------------------------------------------------
            (Exact Name of the Registrant as Specified in Its Charter)
   
                                     Delaware
  -------------------------------------------------------------------------------
                  (State or Other Jurisdiction of Incorporation)
   
              0-25916                                      94-3165290
  -------------------------------            ------------------------------------
     (Commission File Number)                (I.R.S. Employer 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)
  
  --------------------------------------------------------------------------------
           (Former Name or Former Address, if Changed Since Last Report)
  <PAGE>
   
  Item 5.   Other Events.
            ------------ 
  
            In a press release disseminated on February 10, 1997, the registrant
  publicly announced that it has raised $10 million in a private placement to
  certain institutional buyers of convertible subordinated debentures and
  warrants. The information which is set forth in the Registrant's Press Release
  dated February 10, 1997, filed as Exhibit 99.1 hereto, is incorporated herein by
  reference.
   
  Item 7.   Financial Statements and Exhibits.
            --------------------------------- 
  
            (c) Exhibits
  
                4.1    Form of Convertible Subordinated Debenture dated 
                       January 28, 1997.
  
                4.2    Form of Warrant dated January 28, 1997.
  
               99.1     Press Release dated February 10, 1997.
  
                                        -2-
  <PAGE>
   
                                    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.
  
  
  Dated: February 11, 1997
                                         YES! ENTERTAINMENT CORPORATION
  
  
                                         By:   /s/ BRUCE D. BOWER
                                            --------------------------------------
                                               Bruce D. Bower
                                               Executive Vice President, 
                                               General Counsel and Secretary
  
                                        -3-
  <PAGE>
   
                                 INDEX TO EXHIBITS
  
                   EXHIBIT
                   NUMBER  DESCRIPTION
                   ------  -----------
  
                      4.1  Form of Convertible Subordinated Debenture dated
                           January 28, 1997.
  
                      4.2  Form of Warrant dated January 28, 1997.
  
                     99.1  Press Release dated February 10, 1997.
  
                                        -4-
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3714}]
metadata_filer: {"company-data": {"conformed-name": "YES ENTERTAINMENT CORP", "cik": "0000943747", "assigned-sic": "3944", "irs-number": "943165290", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25916", "film-number": "97524925"}, "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 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 11, 1997
                                                   ------------------------------
   
                          YES! Entertainment Corporation
  -------------------------------------------------------------------------------
            (Exact Name of the Registrant as Specified in Its Charter)
   
                                     Delaware
  -------------------------------------------------------------------------------
                  (State or Other Jurisdiction of Incorporation)
   
              0-25916                                      94-3165290
  -------------------------------            ------------------------------------
     (Commission File Number)                (I.R.S. Employer 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)
  
  --------------------------------------------------------------------------------
           (Former Name or Former Address, if Changed Since Last Report)
  Item 5.   Other Events.
            ------------ 
  
            In a press release disseminated on February 10, 1997, the registrant
  publicly announced that it has raised $10 million in a private placement to
  certain institutional buyers of convertible subordinated debentures and
  warrants. The information which is set forth in the Registrant's Press Release
  dated February 10, 1997, filed as Exhibit 99.1 hereto, is incorporated herein by
  reference.
   
  Item 7.   Financial Statements and Exhibits.
            --------------------------------- 
  
            (c) Exhibits
  
                4.1    Form of Convertible Subordinated Debenture dated 
                       January 28, 1997.
  
                4.2    Form of Warrant dated January 28, 1997.
  
               99.1     Press Release dated February 10, 1997.
  
                                        -2-
  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.
  
  Dated: February 11, 1997
                                         YES! ENTERTAINMENT CORPORATION
  
                                         By:   /s/ BRUCE D. BOWER
                                            --------------------------------------
                                               Bruce D. Bower
                                               Executive Vice President, 
                                               General Counsel and Secretary
  
                                        -3-
  INDEX TO EXHIBITS
  
                   EXHIBIT
                   NUMBER  DESCRIPTION
                   ------  -----------
  
                      4.1  Form of Convertible Subordinated Debenture dated
                           January 28, 1997.
  
                      4.2  Form of Warrant dated January 28, 1997.
  
                     99.1  Press Release dated February 10, 1997.
  
                                        -4-