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

Report for Event: May 24, 1996

INDENET, INC.
(Exact name of registrant as specified in its charter)

Delaware             0-18034             68-0158367         
(State or other     (Commission         (IRS Employer
jurisdiction of      File No.)           Identification No.)
incorporation)

1640 N. Gower Street, Los Angeles, CA 90028
(Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code: 
(213) 466-6388

Not applicable
(Former name and address)

Item 1.  Changes in Control of Registrant

Not applicable.

Item 2.  Acquisition or Disposition of Assets

On May 24, 1996, IndeNet, Inc. (the "Company") completed the
acquisition of Enterprise Systems Group Limited, a private
company incorporated in England and Wales ("Enterprise") for a
purchase price equal to the U.S. dollar equivalent of eight times
EBITDA (earnings before interest, taxes, depreciation and
amortization) of Enterprise for the twelve months ended March 31,
1996.  The purchase price was paid (i) at the closing by the
Company paying $10,000,000 in cash and $5,000,000 in promissory
notes (the "Notes") and (ii) by the Company agreeing to pay
$12,379,210 in unregistered shares of the Company's common stock
to the Enterprise shareholders.  The number of shares to be
issued is based on the average closing price of the stock (as
reported by The Nasdaq Stock Market) for a 60-day trading period
consisting of a defined 30 trading days prior to closing and 30
trading days following the closing (the "Share Price").  The
shares are expected to be issued in mid-July 1996.  The Notes
earn interest at a rate of 8% per annum and are payable in equal
quarterly installments of principal and interest commencing
November 30, 1996 with the final payment due May 31, 2000. 
Commencing November 24, 1996, the Notes are convertible into the
Company's common stock at the holders' option at a conversion
price of 150% of the Share Price as defined above.  The holders
of the common stock issued in this transaction have certain
demand and piggy-back registration rights.  The cash portion of
the purchase price was paid from proceeds of a private placement. 
In connection with the acquisition of Enterprise, the Company
agreed to elect two designees of the former Enterprise
shareholders to the Company's Board of Directors.

Enterprise is a London, U.K. based company with offices in the
U.S., Africa and Australia which designs, develops and integrates
traffic and billing, revenue management, and program management
software products for use by broadcast television stations.  The
principal assets acquired by the Company consisted of
Enterprise's software, cash and accounts receivable.  Enterprise
currently provides its software products to over 140 domestic
television and radio stations, and to a total of over 70
television stations located in the United Kingdom, Western
Europe, New Zealand, Australia, Southeast Asia and South Africa. 
Enterprise's customers include such major television networks as
NBC Television Stations and Fox Television Stations in the United
States, Laser Sales and VTM in Europe, Network 10 in Australia
and TVNZ in New Zealand.  Although the Company intends to
continue Enterprise's operations, the Company may integrate
Enterprise with the Company's other complimentary businesses in
the future.

Item 3.  Bankruptcy or Receivership

Not applicable.

Item 4.  Changes in Registrant's Certifying Accountant

Not applicable.

Item 5.  Other Events

Not applicable.

Item 6.  Resignations of Registrant's Directors

Not applicable.

Item 7.  Financial Statements and Exhibits.

The audited historical financial statements and pro forma
financial information of Enterprise will be filed not later than
60 days after the filing date. 

Exhibit No.    Description

99             Share Purchase Agreement dated May 24, 1996.

Item 8.  Change in Fiscal Year

Not applicable.


                     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.


                                        INDENET, INC.

Date:  June 7, 1996              By:  /s/ Richard J. Parent
                                          Richard J. Parent
                                       Its: Chief Financial       
                                        Officer and Secretary
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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

Report for Event: May 24, 1996

INDENET, INC.
(Exact name of registrant as specified in its charter)

Delaware             0-18034             68-0158367         
(State or other     (Commission         (IRS Employer
jurisdiction of      File No.)           Identification No.)
incorporation)

1640 N. Gower Street, Los Angeles, CA 90028
(Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code: 
(213) 466-6388

Not applicable
(Former name and address)

Item 1.  Changes in Control of Registrant

Not applicable.

Item 2.  Acquisition or Disposition of Assets

On May 24, 1996, IndeNet, Inc. (the "Company") completed the
acquisition of Enterprise Systems Group Limited, a private
company incorporated in England and Wales ("Enterprise") for a
purchase price equal to the U.S. dollar equivalent of eight times
EBITDA (earnings before interest, taxes, depreciation and
amortization) of Enterprise for the twelve months ended March 31,
1996.  The purchase price was paid (i) at the closing by the
Company paying $10,000,000 in cash and $5,000,000 in promissory
notes (the "Notes") and (ii) by the Company agreeing to pay
$12,379,210 in unregistered shares of the Company's common stock
to the Enterprise shareholders.  The number of shares to be
issued is based on the average closing price of the stock (as
reported by The Nasdaq Stock Market) for a 60-day trading period
consisting of a defined 30 trading days prior to closing and 30
trading days following the closing (the "Share Price").  The
shares are expected to be issued in mid-July 1996.  The Notes
earn interest at a rate of 8% per annum and are payable in equal
quarterly installments of principal and interest commencing
November 30, 1996 with the final payment due May 31, 2000. 
Commencing November 24, 1996, the Notes are convertible into the
Company's common stock at the holders' option at a conversion
price of 150% of the Share Price as defined above.  The holders
of the common stock issued in this transaction have certain
demand and piggy-back registration rights.  The cash portion of
the purchase price was paid from proceeds of a private placement. 
In connection with the acquisition of Enterprise, the Company
agreed to elect two designees of the former Enterprise
shareholders to the Company's Board of Directors.

Enterprise is a London, U.K. based company with offices in the
U.S., Africa and Australia which designs, develops and integrates
traffic and billing, revenue management, and program management
software products for use by broadcast television stations.  The
principal assets acquired by the Company consisted of
Enterprise's software, cash and accounts receivable.  Enterprise
currently provides its software products to over 140 domestic
television and radio stations, and to a total of over 70
television stations located in the United Kingdom, Western
Europe, New Zealand, Australia, Southeast Asia and South Africa. 
Enterprise's customers include such major television networks as
NBC Television Stations and Fox Television Stations in the United
States, Laser Sales and VTM in Europe, Network 10 in Australia
and TVNZ in New Zealand.  Although the Company intends to
continue Enterprise's operations, the Company may integrate
Enterprise with the Company's other complimentary businesses in
the future.

Item 3.  Bankruptcy or Receivership

Not applicable.

Item 4.  Changes in Registrant's Certifying Accountant

Not applicable.

Item 5.  Other Events

Not applicable.

Item 6.  Resignations of Registrant's Directors

Not applicable.

Item 7.  Financial Statements and Exhibits.

The audited historical financial statements and pro forma
financial information of Enterprise will be filed not later than
60 days after the filing date. 

Exhibit No.    Description

99             Share Purchase Agreement dated May 24, 1996.

Item 8.  Change in Fiscal Year

Not applicable.

                     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.

                                        INDENET, INC.

Date:  June 7, 1996              By:  /s/ Richard J. Parent
                                          Richard J. Parent
                                       Its: Chief Financial       
                                        Officer and Secretary