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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:center;'><font size=2>&nbsp;</font></p>

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=5>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=5>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Washington, D.C. 20549</font></p>

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

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

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=5>FORM</font></B><font size=5>&nbsp;</font><b><font size=5>8-K</font></b></p>

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

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CURRENT REPORT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Pursuant to Section</font></b><font size=2>&nbsp;</font><b><font size=2>13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>

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

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

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

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>Date of Report (</font><i><font size=2>Date of earliest event reported</font></i><font size=2>):  </font><b><font size=2>October</font></b><font size=2>&nbsp;</font><b><font size=2>1, 2007</font></b></p>

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=6>4Kids Entertainment, Inc.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(</font><i><font size=2>Exact name of registrant as specified in its charter</font></i><font size=2>)</font></p>

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


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            <p style='margin-left:0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt'><b><font size=2>New York</font></b><br> <i><font size=2> (State or other jurisdiction </font></i><br> <i><font size=2>of incorporation)</font></i><i></i></p> </td>
        <td width="200" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:39.15pt'>
            <p style='margin-left:0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt'><b><font size=2>0-7843</font></b><i><font size=2> </font></i><br> <i><font size=2>(Commission </font></i><br> <i><font size=2>File Number)</font></i><i></i></p> </td>
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            <p style='margin-left:0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt'><b><font size=2>13-2691380</font></b><i><font size=2> </font></i><br> <i><font size=2>(IRS Employer Identification No.)</font></i><i></i></p> </td> </tr>
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            <p style='margin-left:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>1414 Avenue of the Americas, New York, New York  10019</font></b></p>
<p style='margin-left:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(Address of principal executive offices, including zip code)</font></i></p>
<p style='margin-left:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><i>&nbsp;</i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>(212) 758-7666</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><i><font size=2>(Registrant&#146;s telephone number, including area code)</font></i></p>

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Not applicable</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><i><font size=2>(Former name or former address, if changed since last report)</font></i></p>

<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:0.52in;text-align:left;'><font size=2>Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>             </font><font face=Wingdings>o</font><font size=2> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>             </font><font face=Wingdings>o</font><font size=2> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>             </font><font face=Wingdings>o</font><font size=2> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>             </font><font face=Wingdings>o</font><font size=2> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<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-bottom:0pt; margin-top:12pt;text-align:left;'><b><font size=2>Item 1.01. Entry into a Material Definitive Agreement.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>On October 1, 2007, 4Kids Entertainment, Inc. (the &#147;Company&#148;) and The CW Network, LLC (&#147;The CW&#148;) entered into an agreement (the &#147;Agreement&#148;), under which The CW granted to the Company the exclusive right to program The CW&#146;s Saturday morning children&#146;s programming block broadcasting in most markets between 7:00 am and 12:00 pm (&#147;The CW Kids Block&#148;) for an initial term of five (5) years beginning with The CW&#146;s 2008-2009 broadcast season.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>Under the Agreement, the Company is obligated to make quarterly minimum guaranteed payments which are subject to reduction under certain circumstances. The Company and The CW will share advertising revenues earned from the sale of national commercial time during The CW Kids Block with The CW&#146;s share to be applied against such quarterly guarantee payments. In addition, under certain circumstances, The CW will be entitled under the Agreement to participate in the Company&#146;s merchandising revenue from certain content broadcast on The CW Kids Block.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The Agreement is subject to termination by The CW if certain reductions provided for in the Agreement result in The CW receiving less than a specific minimum amount with respect to any broadcast season.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The Company intends to submit a Freedom of Information Act Confidential Treatment Request to the Securities and Exchange Commission (&#147;SEC&#148;) pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended, requesting that it be permitted to redact certain portions of the Agreement. The omitted material will be included in the request for confidential treatment.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The foregoing summary is qualified in its entirety by reference to the Agreement, which will be attached as an exhibit to the Company&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, with portions omitted and filed separately with the Secretary of the SEC.</font></p>

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

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:0.5in;text-align:left;'><font size=2>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>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>Date:  October 5, 2007</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2><B>4KIDS ENTERTAINMENT, INC.</B></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.88in; text-indent:-0.38in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.88in; text-indent:-0.38in;text-align:left;'><font SIZE=2>BY</font><u><font size=2>:  </font><i><font size=2>/s/ Bruce R. Foster</font></i></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.88in; text-indent:-0.38in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.88in; text-indent:-0.38in;text-align:left;'><font size=2>Bruce R. Foster</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.88in; text-indent:-0.38in;text-align:left;'><font size=2>Executive Vice President and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.88in; text-indent:-0.38in;text-align:left;'><font size=2>Chief Financial Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>
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[{"type": "8-K", "sequence": "1", "filename": "form8k10012007.htm", "description": "FORM 8K DATED OCTOBER 1, 2007", "secsgml_size_bytes": 12100}]
{"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": "071158992"}, "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
):
October
1, 2007
4Kids Entertainment, Inc.
(
Exact name of registrant as specified in its charter
)
New York
(State or other jurisdiction
of incorporation)
0-7843
(Commission
File Number)
13-2691380
(IRS Employer Identification No.)
1414 Avenue of the Americas, New York, New York  10019
(Address of principal executive offices, including zip code)
(212) 758-7666
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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.
On October 1, 2007, 4Kids Entertainment, Inc. (the "Company") and The CW Network, LLC ("The CW") entered into an agreement (the "Agreement"), under which The CW granted to the Company the exclusive right to program The CW's Saturday morning children's programming block broadcasting in most markets between 7:00 am and 12:00 pm ("The CW Kids Block") for an initial term of five (5) years beginning with The CW's 2008-2009 broadcast season.
Under the Agreement, the Company is obligated to make quarterly minimum guaranteed payments which are subject to reduction under certain circumstances. The Company and The CW will share advertising revenues earned from the sale of national commercial time during The CW Kids Block with The CW's share to be applied against such quarterly guarantee payments. In addition, under certain circumstances, The CW will be entitled under the Agreement to participate in the Company's merchandising revenue from certain content broadcast on The CW Kids Block.
The Agreement is subject to termination by The CW if certain reductions provided for in the Agreement result in The CW receiving less than a specific minimum amount with respect to any broadcast season.
The Company intends to submit a Freedom of Information Act Confidential Treatment Request to the Securities and Exchange Commission ("SEC") pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended, requesting that it be permitted to redact certain portions of the Agreement. The omitted material will be included in the request for confidential treatment.
The foregoing summary is qualified in its entirety by reference to the Agreement, which will be attached as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007, with portions omitted and filed separately with the Secretary of the SEC.
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:  October 5, 2007
4KIDS ENTERTAINMENT, INC.
BY
:
/s/ Bruce R. Foster
Bruce R. Foster
Executive Vice President and
Chief Financial Officer