SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                    Current Report Pursuant to Section 13 or
                       15(d) of The Securities Act of 1934



Date of Report (Date of earliest event reported):  September 13, 1996



               CREATIVE PROGRAMMING AND TECHNOLOGY VENTURES, INC.
             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


 Colorado                           0-19817                   84-1236669
- --------------------------------------------------------------------------------
(State or other                  (Commission              (I.R.S. Employer
 jurisdiction                    File Number)             Identification No.)
 of incorporation)




                       7900 East Union Avenue, Suite 1100
                             Denver, Colorado 80237
                ------------------------------------------------
               (Address of principal executive offices)(Zip Code)


       Registrant's telephone number, including area code: (303) 694-5324


                                 Not Applicable
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

<PAGE>

Item 2.  Acquisition or Disposition of Assets
         ------------------------------------

     On September 13, 1996, the Registrant  entered into and closed,  subject to
certain  conditions  subsequent,  in escrow a  definitive  agreement to sell its
entire interest in Off World  Entertainment,  Inc.,  d/b/a OddWorld  Inhabitants
("OddWorld") to GT Interactive  Software Corp.  ("GT"),  a NASDAQ listed leading
global  publisher of interactive  entertainment,  edutainment,  and value-priced
software.  The  Registrant's  interest in  OddWorld is held by KG Squared,  Inc.
("KG"),  a wholly owned  subsidiary of the Registrant.  The transaction took the
form of the sale of all of the  Registrant's  interest in the  capital  stock of
OddWorld and all  indebtedness  due the Registrant from loans and other advances
extended to OddWorld.  The completion of this  transaction is subject to limited
conditions  subsequent,  one of which is the approval of the shareholders of the
Registrant at a special  meeting of  shareholders to be held as soon as possible
after necessary regulatory approvals. All documents and funds are currently held
in escrow pending fulfillment of the conditions subsequent.

     The  gross  purchase  price of this  transaction  was $7  million.  The net
purchase price for this transaction to the Registrant will be approximately $6.8
million,  less transaction  costs and repayment of a $500,000 loan received from
affiliated  shareholders.  The purchase  price  received from GT was  determined
through arms' length negotiations.


Item 7.  Financial Statements and Exhibits
         ---------------------------------


     The  Registrant   will  amend  this  Form  8-K  to  provide  the  financial
information required by and within the time permitted by this item.


(c)  Exhibit
     Number     Description
     -------    -----------


     2.1       Stock Purchase Agreement dated September,  13, 1996, by and among
               GT, KG, and the Registrant. *


     2.2       Share Exchange  Agreement Dated September 13, 1996, by and among,
               the Registrant, OddWorld, Sherry McKenna, Lorne Lanning and KG.*



*        Filed herewith.



                                       -2-

<PAGE>

                                   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.

                                             CREATIVE PROGRAMMING AND
                                             TECHNOLOGY VENTURES, INC.



Date: September 20, 1996                     By  /S/  GARY R. VICKERS
                --                              --------------------------------
                                                Gary R. Vickers, President




                                       -3-
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                    Current Report Pursuant to Section 13 or
                       15(d) of The Securities Act of 1934

Date of Report (Date of earliest event reported):  September 13, 1996

               CREATIVE PROGRAMMING AND TECHNOLOGY VENTURES, INC.
             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

 Colorado                           0-19817                   84-1236669
- --------------------------------------------------------------------------------
(State or other                  (Commission              (I.R.S. Employer
 jurisdiction                    File Number)             Identification No.)
 of incorporation)

                       7900 East Union Avenue, Suite 1100
                             Denver, Colorado 80237
                ------------------------------------------------
               (Address of principal executive offices)(Zip Code)

       Registrant's telephone number, including area code: (303) 694-5324

                                 Not Applicable
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)
Item 2.  Acquisition or Disposition of Assets
         ------------------------------------

     On September 13, 1996, the Registrant  entered into and closed,  subject to
certain  conditions  subsequent,  in escrow a  definitive  agreement to sell its
entire interest in Off World  Entertainment,  Inc.,  d/b/a OddWorld  Inhabitants
("OddWorld") to GT Interactive  Software Corp.  ("GT"),  a NASDAQ listed leading
global  publisher of interactive  entertainment,  edutainment,  and value-priced
software.  The  Registrant's  interest in  OddWorld is held by KG Squared,  Inc.
("KG"),  a wholly owned  subsidiary of the Registrant.  The transaction took the
form of the sale of all of the  Registrant's  interest in the  capital  stock of
OddWorld and all  indebtedness  due the Registrant from loans and other advances
extended to OddWorld.  The completion of this  transaction is subject to limited
conditions  subsequent,  one of which is the approval of the shareholders of the
Registrant at a special  meeting of  shareholders to be held as soon as possible
after necessary regulatory approvals. All documents and funds are currently held
in escrow pending fulfillment of the conditions subsequent.

     The  gross  purchase  price of this  transaction  was $7  million.  The net
purchase price for this transaction to the Registrant will be approximately $6.8
million,  less transaction  costs and repayment of a $500,000 loan received from
affiliated  shareholders.  The purchase  price  received from GT was  determined
through arms' length negotiations.

Item 7.  Financial Statements and Exhibits
         ---------------------------------

     The  Registrant   will  amend  this  Form  8-K  to  provide  the  financial
information required by and within the time permitted by this item.

(c)  Exhibit
     Number     Description
     -------    -----------

     2.1       Stock Purchase Agreement dated September,  13, 1996, by and among
               GT, KG, and the Registrant. *

     2.2       Share Exchange  Agreement Dated September 13, 1996, by and among,
               the Registrant, OddWorld, Sherry McKenna, Lorne Lanning and KG.*

*        Filed herewith.

                                       -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.

                                             CREATIVE PROGRAMMING AND
                                             TECHNOLOGY VENTURES, INC.

Date: September 20, 1996                     By  /S/  GARY R. VICKERS
                --                              --------------------------------
                                                Gary R. Vickers, President

                                       -3-