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                    <p align="center"><font face="Times New Roman, Times, Serif" size="5"><b>UNITED
                    STATES<br>
                    SECURITIES AND EXCHANGE COMMISSION</b></font><br>
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                    <b>WASHINGTON, D.C. 20549</b></font><br>
                    <br>
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                    <b>FORM 8-K</b></font></p>

                    <p align="center">
                    <font face="Times New Roman, Times, Serif" size="3"><b>CURRENT REPORT<br>
                    <br>
                    PURSUANT TO SECTION 13 OR 15 (d) OF THE<br>
                    SECURITIES EXCHANGE ACT OF 1934</b></font></p>
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                    <p align="center"><font face="Times New Roman, Times, Serif" size="3">Date of
                    Report (Date of earliest event reported): <b>June 23, 2008</b></font></p>
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                <td align="center"><font size="2"><b>Commission file number 0-7843</b></font></td>
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                    <font size="2"><b><font size="6">4Kids Entertainment, Inc.</font></b></font>
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                    <font size="2">(Exact name of Registrant as specified in its charter)</font>
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                    <font size="2"><b>New York</b></font>
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                    <font size="2">(State or other jurisdiction of<br>
                    incorporation or organization)</font>
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                    <font size="2"><b>13-2691380</b></font>
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                    <font size="2">(I.R.S. Employer<br>
                    Identification No.)</font>
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                    <font size="2"><b>1414 Avenue of the Americas<br>
                    New York, New York 10019<br>
                    (212) 758-7666</b></font>
                    <hr align="center" width="50%" noshade size="1">
                    <font size="2"><b>(</b>Address, including zip code, and telephone number,
                    including area code,<br>
                    of Registrant&rsquo;s principal executive offices)</font>
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                    <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>

                    <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">
                    <font face="Times New Roman" size="2">Check the appropriate box below if the
                    Form 8-K filing is intended to simultaneously satisfy the filing obligation of
                    the registrant under any of the following provisions:</font></p>

                    <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>
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                <font face="WINGDINGS" color="#000000" size="2">&uml;</font></td>

                <td valign="top" align="left"><font face="Times New Roman" size="2">Written
                communications pursuant to Rule 425 under the Securities Act (17 CFR
                230.425)</font> </td>
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                <td>&nbsp;</td>
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                <font face="WINGDINGS" color="#000000" size="2">&uml;</font></td>

                <td valign="top" align="left"><font face="Times New Roman" size="2">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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                <td>&nbsp;</td>
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                <font face="WINGDINGS" color="#000000" size="2">&uml;</font></td>

                <td valign="top" align="left">
                <font face="Times New Roman" size="2">Pre-commencement communications pursuant to
                Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font> </td>
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                <td>&nbsp;</td>
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                <font face="WINGDINGS" color="#000000" size="2">&uml;</font></td>

                <td valign="top" align="left">
                <font face="Times New Roman" size="2">Pre-commencement communications pursuant to
                Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font> </td>
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<b><font size=2>Item</font></b><font size=2>&nbsp;</font><b><font size=2>1.01</font></b><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><b><font size=2>Entry into a Material Definitive Agreement</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>4Kids Entertainment, Inc. (the &#147;Company&#148;) and Continental Stock Transfer &amp; Trust Co., as Rights Agent (the &#147;Rights Agent&#148;), have entered into the First Amendment to Rights Agreement, dated as of June 23, 2008 (the &#147;Amendment&#148;), amending the Rights Agreement, dated as of August 15, 2007 (the &#147;Rights Agreement&#148;) to change the ownership threshold above which a person would be considered an &#147;Acquiring Person&#148; thereunder, subject to certain exceptions, from 15% to 20%.  The Amendment is attached hereto as Exhibit 4.1 and is incorporated herein by reference.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.83in;text-align:justify;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Item</font></b><font size=2>&nbsp;</font><b><font size=2>3.03</font></b></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Material Modification to Rights of Security Holders</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The information set forth in Item 1.01 above is incorporated by reference into this Item 3.03.</font></p>

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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Item</font></b><font size=2>&nbsp;</font><b><font size=2>9.01</font></b></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Financial Statements and Exhibits.</font></b></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Exhibits</font></i><font size=2>.  </font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><u><b><font size=2>Exhibit </font></b></u><u></u></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><u><b><font size=2>Description </font></b></u><u></u></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><font size=2>4.1</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><font size=2>First Amendment to Rights Agreement, dated as of June 23, 2008 between 4Kids Entertainment, Inc. and Continental Stock Transfer &amp; Trust Co., as Rights Agent.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2</font></p> </td> </tr></table>
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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

 <p>
                    <font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
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                    <font face="Times New Roman, Times, Serif" size="2">Date:&nbsp;&nbsp;June 23,
                    2008</font></p>

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                <td width="50%"><font face="Times New Roman, Times, Serif" size="2"><b>4 KIDS
                ENTERTAINMENT, INC.</b><br>
                <br>
                <br>
                BY: <u><i>/s/ Bruce R. Foster</i></u><br>
                <br>
                Bruce R. Foster<br>
                Executive Vice President, Chief Financial Officer</font></td>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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{"company-data": {"conformed-name": "4 KIDS ENTERTAINMENT INC", "cik": "0000058592", "assigned-sic": "6794", "irs-number": "132691380", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16117", "film-number": "08915648"}, "business-address": {"street1": "1414 AVE OF THE AMERICAS", "city": "NEW YORK", "state": "NY", "zip": "10019", "phone": "2127587666"}, "mail-address": {"street1": "1414 AVENUE OF THE AMERICAS", "city": "NEW YORK", "state": "NY", "zip": "10019"}, "former-company": [{"former-conformed-name": "LEISURE CONCEPTS INC", "date-changed": "19920703"}, {"former-conformed-name": "AMERICAN LEISURE INDUSTRIES INC", "date-changed": "19740822"}]}
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):
June 23, 2008
Commission file number 0-7843
4Kids Entertainment, Inc.
(Exact name of Registrant as specified in its charter)
New York
(State or other jurisdiction of
incorporation or organization)
13-2691380
(I.R.S. Employer
Identification No.)
1414 Avenue of the Americas
New York, New York 10019
(212) 758-7666
(
Address, including zip code, and telephone number,
                    including area code,
of Registrant's principal executive offices)
Check the appropriate box below if the
                    Form 8-K filing is intended to simultaneously satisfy the filing obligation of
                    the registrant under any of the following provisions:
¨
Written
                communications pursuant to Rule 425 under the Securities Act (17 CFR
                230.425)
¨
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to
                Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to
                Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01
Entry into a Material Definitive Agreement
4Kids Entertainment, Inc. (the "Company") and Continental Stock Transfer & Trust Co., as Rights Agent (the "Rights Agent"), have entered into the First Amendment to Rights Agreement, dated as of June 23, 2008 (the "Amendment"), amending the Rights Agreement, dated as of August 15, 2007 (the "Rights Agreement") to change the ownership threshold above which a person would be considered an "Acquiring Person" thereunder, subject to certain exceptions, from 15% to 20%.  The Amendment is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
Item
3.03
Material Modification to Rights of Security Holders
The information set forth in Item 1.01 above is incorporated by reference into this Item 3.03.
Item
9.01
Financial Statements and Exhibits.
(d)
Exhibits
.
Exhibit
Description
4.1
First Amendment to Rights Agreement, dated as of June 23, 2008 between 4Kids Entertainment, Inc. and Continental Stock Transfer & Trust Co., as Rights Agent.
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.
Date:  June 23,
                    2008
4 KIDS
                ENTERTAINMENT, INC.
BY:
/s/ Bruce R. Foster
Bruce R. Foster
Executive Vice President, Chief Financial Officer