<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>

<div style='width:600;'>

<table width="600">
            <tr>
                <td>
                    <hr align="left" width="100%" noshade size="4">
                    <hr align="left" width="100%" noshade size="1">
                </td>
            </tr>
        </table>
        <br>
        <br>
        <br>
        <!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->


        <table cellspacing="0" cellpadding="0" width="600" border="0">
            <tr valign="top">
                <td>
                    <!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->

                    <p align="center"><font face="Times New Roman, Times, Serif" size="5"><b>UNITED
                    STATES<br>
                    SECURITIES AND EXCHANGE COMMISSION</b></font><br>
                    <!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" --><font face="Times New Roman, Times, Serif" size="4">
                    <b>WASHINGTON, D.C. 20549</b></font><br>
                    <br>
                    <!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Default" --><font face="Times New Roman, Times, Serif" size="5">
                    <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>
                    <!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->

                    <p align="center"><font face="Times New Roman, Times, Serif" size="3">Date of
                    Report (Date of earliest event reported): <b>June 24, 2010</b></font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table width="600">
            <tr>
                <td align="center"><font size="2"><b>Commission file number 0-7843</b></font></td>
            </tr>
        </table>

        <p></p>

        <table width="600">
            <tr>
                <td align="center">
                    <font size="2"><b><font size="6">4Kids Entertainment, Inc.</font></b></font>
                    <hr align="center" width="50%" noshade size="1">
                    <font size="2">(Exact name of Registrant as specified in its charter)</font>
                </td>
            </tr>
        </table>

        <p></p>

        <table width="600">
            <tr>
                <td align="center" width="292">
                    <font size="2"><b>New York</b></font>
                    <hr align="center" width="50%" noshade size="1">
                    <font size="2">(State or other jurisdiction of<br>
                    incorporation or organization)</font>
                </td>

                <td align="center" width="296">
                    <font size="2"><b>13-2691380</b></font>
                    <hr align="center" width="50%" noshade size="1">
                    <font size="2">(I.R.S. Employer<br>
                    Identification No.)</font>
                </td>
            </tr>
        </table>

        <p></p>

        <p></p>

        <table width="600">
            <tr>
                <td align="center">
                    <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>
                </td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->

        <table cellspacing="0" cellpadding="0" width="600" border="0">
            <tr valign="top">
                <td>
                    <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>
                    <!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
                </td>
            </tr>
        </table>
        <br>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" align="left" width="4%">
                <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>
            </tr>

            <tr>
                <td>&nbsp;</td>
            </tr>
        </table>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" align="left" width="4%">
                <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>
                </td>
            </tr>

            <tr>
                <td>&nbsp;</td>
            </tr>
        </table>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" align="left" width="4%">
                <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>
            </tr>

            <tr>
                <td>&nbsp;</td>
            </tr>
        </table>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" align="left" width="4%">
                <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>
            </tr>
        </table>
        <br>
        <br>
        <br>
        <!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
 <br>

                    <hr align="left" width="100%" noshade size="1">
                    <hr align="left" width="100%" noshade size="4">
                    <br>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="387" style='border-collapse:collapse'>
    <tr >
        <td width="67" nowrap valign=top style='padding:4.5pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><b><font size=2>Item 1.01 </font></b></p> </td>
        <td width="320" nowrap valign=top style='padding:4.5pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><b><font size=2>Entry into a Material Definitive Agreement </font></b></p> </td> </tr></table>
</div>

<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>On June 24, 2010, 4Kids Entertainment, Inc. (the &#147;Company&#148;) and The CW Network, LLC (&#147;The CW&#148;) entered
into an agreement (the &#147;Amended Agreement&#148;) amending the October 1, 2007 agreement between them regarding the five hour Saturday morning kids block on The CW Network.</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>Under the terms of the Amended Agreement,  The CW and the Company will continue to share in national ad revenue (&#147;revenue&#148;) from the block,  with The
CW&#146;s  share of revenue to be applied  against a guarantee payable by the Company to The CW.  The minimum guarantee
payable by the Company to The CW Network has been reduced under the Amended Agreement from $15 million to $12 million for the 2009 / 2010 broadcast season and to $11.5 million for the remaining three broadcast seasons covered by the Amended Agreement.  In addition, the
revenue sharing percentage has been revised to provide (1 )&nbsp;for a 80% / 20% revenue split in favor of The CW until it has received its minimum guarantee applicable to such broadcast season,
(2) for the Company to retain 100% of the revenue until its share of the revenue for such broadcast season equals 35%, (3)&nbsp;for a 65% / 35% revenue
split in favor of The CW until $20 million in revenue has been realized and (4) for a revenue split between the parties to be 50% / 50% thereafter.  The Amended Agreement also
requires the Company to make certain security arrangements in favor of The CW to secure payment of the minimum guarantee and The CW's share of national
advertising proceeds.  The foregoing description is qualified in its entirety by reference to the Amended Agreement which is attached as Exhibit 99.1 and is incorporated herein by reference.</font></p>

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


<H1><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.01.  Financial Statements and Exhibits.</FONT></H1>


<!-- MARKER FORMAT-SHEET="Head Sub 3 Left-TNR" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d)
Exhibits</FONT></P>




<BR>


<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 2- TNR" FSL="Workstation" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       <U>   Exhibit</U> </FONT></TD>
<TD ALIGN=RIGHT WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  &nbsp;  </FONT></TD>
<TD ALIGN=LEFT WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<U>Description</U> </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 2- TNR" FSL="Workstation" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>          99.1 </FONT></TD>
<TD ALIGN=RIGHT WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  &nbsp;  </FONT></TD>
<TD ALIGN=LEFT WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The CW Network LLC - 4Kids Entertainment, Inc. Saturday Morning Programming Block Term Sheet  </FONT></TD>
</TR>
</TABLE>


<BR>


<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Workstation" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>






<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

 <p align="center">
                    <font face="Times New Roman, Times, Serif" size="2">SIGNATURES</font></p>
                    <!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->

                    <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>
                    <!-- MARKER FORMAT-SHEET="Head Left-TNR"  -->

                    <p align="left">
                    <font face="Times New Roman, Times, Serif" size="2">Date:&nbsp;&nbsp;June 30,
                    2010</font></p>
                    <!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->

      </td>
            </tr>
        </table>
<BR>
        <!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Project" -->

        <table cellspacing="0" cellpadding="0" width="600" border="0">
            <tr valign="top">
                <td width="40%">
                </td>

                <td width="10%">
                </td>

                <td width="50%"><font face="Times New Roman, Times, Serif" size="2"><b>4KIDS
                ENTERTAINMENT, INC.</b><br>
                <br>
                <br>
                BY: <u><i>/s/ Bruce R. Foster</i></u><br>
                <br>
                Bruce R. Foster<br>
                Executive Vice President and<BR> Chief Financial Officer</font></td>
            </tr>
        </table>
        <br>
</div>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "form8k06232010.htm", "description": "FORM 8-K DATED JUNE 24, 2010.", "secsgml_size_bytes": 13347}]
{"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": "10925584"}, "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 24, 2010
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
On June 24, 2010, 4Kids Entertainment, Inc. (the "Company") and The CW Network, LLC ("The CW") entered
into an agreement (the "Amended Agreement") amending the October 1, 2007 agreement between them regarding the five hour Saturday morning kids block on The CW Network.
Under the terms of the Amended Agreement,  The CW and the Company will continue to share in national ad revenue ("revenue") from the block,  with The
CW's  share of revenue to be applied  against a guarantee payable by the Company to The CW.  The minimum guarantee
payable by the Company to The CW Network has been reduced under the Amended Agreement from $15 million to $12 million for the 2009 / 2010 broadcast season and to $11.5 million for the remaining three broadcast seasons covered by the Amended Agreement.  In addition, the
revenue sharing percentage has been revised to provide (1 ) for a 80% / 20% revenue split in favor of The CW until it has received its minimum guarantee applicable to such broadcast season,
(2) for the Company to retain 100% of the revenue until its share of the revenue for such broadcast season equals 35%, (3) for a 65% / 35% revenue
split in favor of The CW until $20 million in revenue has been realized and (4) for a revenue split between the parties to be 50% / 50% thereafter.  The Amended Agreement also
requires the Company to make certain security arrangements in favor of The CW to secure payment of the minimum guarantee and The CW's share of national
advertising proceeds.  The foregoing description is qualified in its entirety by reference to the Amended Agreement which is attached as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01.  Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
Description
99.1
The CW Network LLC - 4Kids Entertainment, Inc. Saturday Morning Programming Block Term Sheet
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 30,
                    2010
4KIDS
                ENTERTAINMENT, INC.
BY:
/s/ Bruce R. Foster
Bruce R. Foster
Executive Vice President and
Chief Financial Officer