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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>
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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>April 7, 2009</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>
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                    <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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                <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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                <font face="WINGDINGS" color="#000000" size="2">&uml;</font></td>

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                <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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                <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>3.01</font></b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><b><font size=2>Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. </font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.79in;text-align:left;'><font size=2>On April 7, 2009, 4Kids Entertainment, Inc. (the &#147;</font><u><font size=2>Company</font></u><font size=2>&#148;) received written notice from NYSE Regulation, Inc. that the Company had fallen below the continued listing standard of the New York Stock Exchange, Inc. (&#147;</font><U><font SIZE=2>NYSE</font></U><font size=2>&#148;) set forth in Section 802.01B of the NYSE Listed Corporation Manual because over a 30 trading-day period the Company&#146;s total market capitalization was less than $75 million and, at the same time its stockholders&#146; equity was less than $75 million.  As of March 31, 2009, the Company&#146;s 30 trading-day average market capitalization was approximately $16.5 million.  The Company&#146;s last reported stockholders&#146; equity was $74.99 million as of December 31, 2008, which reflected the impact of the Company recording an unrealized loss of $13,486,000
during 2008.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.79in;text-align:left;'><font size=2>Under NYSE rules, the Company has 45 calendar days from receipt of the notice to submit a plan that demonstrates its ability to achieve compliance with the continued listing standard within 18 months.  The  Company has notified the NYSE of its intent to submit a plan to remedy its non-compliance.  The business plan will be reviewed by the Listings and Compliance Committee of the NYSE (the &#147;</font><u><font size=2>Committee</font></u><font size=2>&#148;).  The Committee will either accept the plan, at which time the Company will be subject to quarterly monitoring for compliance with the business plan, or the Committee will not accept the business plan and the Company will be subject to suspension and delisting procedures.  The Company is also at risk of falling below the $15 million minimum average market capitalization threshold set forth in Section 802.01B of the NYSE Listed
Corporation Manual, which would pre-empt the plan/cure process described above and result in immediate initiation of suspension and delisting procedures.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.79in;text-align:left;'><font size=2>As required under NYSE rules, the Company issued a press release on April 14, 2009 disclosing that it had received the notice and that the Company intends to submit a plan to attain compliance with the NYSE continued listing standards.  A copy of the press release is attached to this Form 8-K as an exhibit.</font></p>

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

                    <p align="left"><font face="Times New Roman, Times, Serif" size="2"><b>Item
                    9.01 Financial Statements, Pro Forma Financial Information and
                    Exhibits.</b></font></p>
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                    <font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)
                    Exhibits</font></p>
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                    <font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;<u>Exhibit</u>
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Description</u></font></p>

                    <p align="left"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;Press release issued by 4Kids Entertainment, Inc. dated April 14,
                    2009</font></p>
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                    <font face="Times New Roman, Times, Serif" size="2">SIGNATURES</font></p>
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                    <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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                    <p align="left">
                    <font face="Times New Roman, Times, Serif" size="2">Date:&nbsp;&nbsp;April 14,
                    2009</font></p>
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                <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>
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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": "09749226"}, "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):
April 7, 2009
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
3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On April 7, 2009, 4Kids Entertainment, Inc. (the "
Company
") received written notice from NYSE Regulation, Inc. that the Company had fallen below the continued listing standard of the New York Stock Exchange, Inc. ("
NYSE
") set forth in Section 802.01B of the NYSE Listed Corporation Manual because over a 30 trading-day period the Company's total market capitalization was less than $75 million and, at the same time its stockholders' equity was less than $75 million.  As of March 31, 2009, the Company's 30 trading-day average market capitalization was approximately $16.5 million.  The Company's last reported stockholders' equity was $74.99 million as of December 31, 2008, which reflected the impact of the Company recording an unrealized loss of $13,486,000
during 2008.
Under NYSE rules, the Company has 45 calendar days from receipt of the notice to submit a plan that demonstrates its ability to achieve compliance with the continued listing standard within 18 months.  The  Company has notified the NYSE of its intent to submit a plan to remedy its non-compliance.  The business plan will be reviewed by the Listings and Compliance Committee of the NYSE (the "
Committee
").  The Committee will either accept the plan, at which time the Company will be subject to quarterly monitoring for compliance with the business plan, or the Committee will not accept the business plan and the Company will be subject to suspension and delisting procedures.  The Company is also at risk of falling below the $15 million minimum average market capitalization threshold set forth in Section 802.01B of the NYSE Listed
Corporation Manual, which would pre-empt the plan/cure process described above and result in immediate initiation of suspension and delisting procedures.
As required under NYSE rules, the Company issued a press release on April 14, 2009 disclosing that it had received the notice and that the Company intends to submit a plan to attain compliance with the NYSE continued listing standards.  A copy of the press release is attached to this Form 8-K as an exhibit.
Item
                    9.01 Financial Statements, Pro Forma Financial Information and
                    Exhibits.
(c)
                    Exhibits
Exhibit
Description
99.1
                             
                                           
                     Press release issued by 4Kids Entertainment, Inc. dated April 14,
                    2009
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:  April 14,
                    2009
4KIDS
                ENTERTAINMENT, INC.
BY:
/s/ Bruce R. Foster
Bruce R. Foster
Executive Vice President and
Chief Financial Officer