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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>March 2, 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>
                    <hr align="center" width="50%" noshade size="1">
                    <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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                <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 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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                <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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                    <p align="left"><font face="Times New Roman, Times, Serif" size="2"><b>Item
                    1.01&nbsp;&nbsp;Entry into a Material Definitive Agreement</b></font></p>
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         On March 2, 2009, TC Digital Games LLC ("TC Digital"),  4Kids Entertainment, Inc. (the "Company") and Home Focus Development Ltd. (&#147;Home Focus&#148;) entered into various agreements
  pursuant to which TC Digital and Home Focus agreed to form TC Digital  International  Ltd. (&#147;TDI&#148;),  an Irish Private
         Corporation,  for the  purpose of  distributing  &#147;Chaotic&#148;  trading  cards  principally  in Europe  and the Middle  East (&#147;TDI
         Territory&#148;) and the Company agreed to purchase a 25% interest in TDI from Home Focus (the "TDI Interest").  As a result, TDI is owned 50% by TC Digital,  25% by the Company and 25% by Home Focus.
         The purchase price for the TDI Interest is an initial price amount of approximately $1.6  million.  The Company is obligated to pay up to an additional $1 million
         to Home Focus (the "Conditional Payments")  conditioned  upon the  &#147;Chaotic&#148;  television  series  being  telecast  in the five  largest  European
         television  markets (the United  Kingdom,  France,  Germany,  Spain and Italy)  and/or TDI selling in excess of $10 million of
         &#147;Chaotic&#148; trading cards. To date, the Company has entered into agreements for the telecast of the &#147;Chaotic&#148;  television series
         in the UK and France, requiring the Company to make $400,000 of the Conditional Payments to Home Focus.   The Company has or will be paying Home Focus the consideration for the TDI interest as follows:
         the Company has paid $475,000 upon execution of the various  agreements;  will pay monthly  installments of $125,000
         beginning on April 1, 2009 and  continuing  through  September 1, 2009;  and  beginning on October 1, 2009,  $150,000 per
         month until such time as the balance due has been paid.

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<p><font face="Times New Roman, Times, Serif" size="2">

         On March 2, 2009,  TC  Digital,  the  Company and Home Focus  entered  into the TDI  Shareholders
         Agreement (&#147;TDI  Agreement&#148;)  under which the Board of Directors of TDI will consist of four directors.
         TC Digital has the right
         to elect  two  directors  and the  Company  and Home  Focus  each  have  the  right to elect  one
         director.    There are a
         number of  extraordinary  actions that require the consent by shareholders  holding at least
         80% of the voting stock of TDI in addition to approval of the Board of Directors. The TDI Agreement  requires the  shareholders to provide TDI with
         additional capital on a pro rata basis in exchange for additional equity.  Under the TDI Agreement, TDI is required to pay or  reimburse  TC  Digital  for the costs and  expenses
         associated  with the printing,  advertising,  marketing  and  promotion of the &#147;Chaotic&#148;  trading
         card game in the TDI Territory.  In addition,  TDI is responsible  for reimbursing TC Digital and
         TC Websites for the cost of translating  the &#147;Chaotic&#148;  trading cards and &#147;Chaotic&#148;  website into
         the European  languages  and for  bandwidth  and  equipment  charges  associated  with making the
         &#147;Chaotic&#148; website operational in the TDI Territory.  TDI is also required to pay TC Digital and TC
         Websites  a design fee equal to 3% and 1.5%,  respectively,  of net sales of  &#147;Chaotic&#148;  trading
         cards in the TDI Territory.


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                    <p align="center">
                    <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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                    <font face="Times New Roman, Times, Serif" size="2">Date:&nbsp;&nbsp;March 6,
                    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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[{"type": "8-K", "sequence": "1", "filename": "form8k03022009.htm", "description": "FORM 8-K DATED MARCH 2, 2009", "secsgml_size_bytes": 13416}]
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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):
March 2, 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
                    1.01  Entry into a Material Definitive Agreement
On March 2, 2009, TC Digital Games LLC ("TC Digital"),  4Kids Entertainment, Inc. (the "Company") and Home Focus Development Ltd. ("Home Focus") entered into various agreements
  pursuant to which TC Digital and Home Focus agreed to form TC Digital  International  Ltd. ("TDI"),  an Irish Private
         Corporation,  for the  purpose of  distributing  "Chaotic"  trading  cards  principally  in Europe  and the Middle  East ("TDI
         Territory") and the Company agreed to purchase a 25% interest in TDI from Home Focus (the "TDI Interest").  As a result, TDI is owned 50% by TC Digital,  25% by the Company and 25% by Home Focus.
         The purchase price for the TDI Interest is an initial price amount of approximately $1.6  million.  The Company is obligated to pay up to an additional $1 million
         to Home Focus (the "Conditional Payments")  conditioned  upon the  "Chaotic"  television  series  being  telecast  in the five  largest  European
         television  markets (the United  Kingdom,  France,  Germany,  Spain and Italy)  and/or TDI selling in excess of $10 million of
         "Chaotic" trading cards. To date, the Company has entered into agreements for the telecast of the "Chaotic"  television series
         in the UK and France, requiring the Company to make $400,000 of the Conditional Payments to Home Focus.   The Company has or will be paying Home Focus the consideration for the TDI interest as follows:
         the Company has paid $475,000 upon execution of the various  agreements;  will pay monthly  installments of $125,000
         beginning on April 1, 2009 and  continuing  through  September 1, 2009;  and  beginning on October 1, 2009,  $150,000 per
         month until such time as the balance due has been paid.
On March 2, 2009,  TC  Digital,  the  Company and Home Focus  entered  into the TDI  Shareholders
         Agreement ("TDI  Agreement")  under which the Board of Directors of TDI will consist of four directors.
         TC Digital has the right
         to elect  two  directors  and the  Company  and Home  Focus  each  have  the  right to elect  one
         director.    There are a
         number of  extraordinary  actions that require the consent by shareholders  holding at least
         80% of the voting stock of TDI in addition to approval of the Board of Directors. The TDI Agreement  requires the  shareholders to provide TDI with
         additional capital on a pro rata basis in exchange for additional equity.  Under the TDI Agreement, TDI is required to pay or  reimburse  TC  Digital  for the costs and  expenses
         associated  with the printing,  advertising,  marketing  and  promotion of the "Chaotic"  trading
         card game in the TDI Territory.  In addition,  TDI is responsible  for reimbursing TC Digital and
         TC Websites for the cost of translating  the "Chaotic"  trading cards and "Chaotic"  website into
         the European  languages  and for  bandwidth  and  equipment  charges  associated  with making the
         "Chaotic" website operational in the TDI Territory.  TDI is also required to pay TC Digital and TC
         Websites  a design fee equal to 3% and 1.5%,  respectively,  of net sales of  "Chaotic"  trading
         cards in the TDI Territory.
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:  March 6,
                    2009
4KIDS
                ENTERTAINMENT, INC.
BY:
/s/ Bruce R. Foster
Bruce R. Foster
Executive Vice President and
Chief Financial Officer