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 16, 1996

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

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

              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)




                     This Report Consists of __ Pages


Item 1.  Changes in Control of Registrant.

     Not applicable.

Item 2.  Acquisition or Disposition of Assets.

     On May 16, 1996 IndeNet, Inc. ("the Company") completed the
acquisition of Cable Computerized Management Systems ("CCMS") for
a purchase price of $4,800,000.  The acquisition was effected
through the merger of CCMS into a newly-formed wholly-owned
subsidiary of the Company.   The purchase price was paid at the
closing by the Company paying $1,036,522 in cash and by the
Company issuing 587,612 unregistered shares of the Company's
common stock to the CCMS shareholders.  The number of shares
issued to the CCMS shareholders was based on the trading price of
the Company's common stock, approximately $6.40 per share.  The
amount of the purchase price was based on a multiple of CCMS's
earnings before interest, taxes, depreciation and amortization. 
The cash portion of the purchase price was paid from the
Company's existing working capital reserves.

     CCMS is a designer and distributor of "traffic and billing"
software that is used by the cable television industry to manage
the airing and invoicing of TV commercials.  The principal assets
acquired by the Company consisted of CCMS's software, cash and
accounts receivable.  Although the Company intends to continue
CCMS's operations, the Company may integrate CCMS 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.

     (a) Financial Statements
     
     Audited financial statements of CCMS are not readily
available and none of the conditions in Item 310(c)(2) of
Regulation SB exceeds 20%.  In addition, unaudited financial
statements as contemplated in Item 310(c)(3)(ii) are not
available.  The following other financial information was
prepared by CCMS:


                         Two Months          Twelve Months 
                         Ended               Ended
                         February 29,        December 31, 
                         1996                1995

Revenue                  $ 472,699           $1,805,153 
Cost of Sales               25,662              301,167 
Gross Profit               447,037            1,503,986 

Operating Expenses:
     S, G and A            141,579              885,318 
     Depreciation and 
       Amortization          3,761               44,940 
Operating income           301,698              573,728 
Other income (expense)       2,779               20,551 
Net income - pre-tax     $ 304,477           $  594,279 




                         Balance Sheet       Balance Sheet
                         February 29,        December 31,
                         1996                1995

Current assets:
     Cash and cash 
       equivalents       $ 429,785           $ 121,156 
Total current assets       429,785             121,156 
Property and equipment, 
  net                       54,301              56,041 
Goodwill                     3,000               3,000 

TOTAL ASSETS             $ 487,086           $ 180,197 

Current liabilities:
     Accounts payable 
       and accrued 
       expenses              3,573                -   
     Note payable            5,557               6,718 
Total current liabilities    9,130               6,718 
Total liabilities            9,130               6,718 
Stockholders' equity       477,956             173,479 

TOTAL LIABILITIES AND 
  STOCKHOLDERS' EQUITY   $ 487,086           $ 180,197 



Note:  The above summary financial information is unaudited, was
prepared on a cash basis, and includes pro forma adjustment
related to CCMS's profit sharing plan.

 In addition, pro forma financial information will be filed not
later than 60 days after the filing date.

     (b) Exhibits

     99. Agreement and Plan of Merger, dated May 8, 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:  May 31, 1996                /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 16, 1996

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

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

              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)

                     This Report Consists of __ Pages

Item 1.  Changes in Control of Registrant.

     Not applicable.

Item 2.  Acquisition or Disposition of Assets.

     On May 16, 1996 IndeNet, Inc. ("the Company") completed the
acquisition of Cable Computerized Management Systems ("CCMS") for
a purchase price of $4,800,000.  The acquisition was effected
through the merger of CCMS into a newly-formed wholly-owned
subsidiary of the Company.   The purchase price was paid at the
closing by the Company paying $1,036,522 in cash and by the
Company issuing 587,612 unregistered shares of the Company's
common stock to the CCMS shareholders.  The number of shares
issued to the CCMS shareholders was based on the trading price of
the Company's common stock, approximately $6.40 per share.  The
amount of the purchase price was based on a multiple of CCMS's
earnings before interest, taxes, depreciation and amortization. 
The cash portion of the purchase price was paid from the
Company's existing working capital reserves.

     CCMS is a designer and distributor of "traffic and billing"
software that is used by the cable television industry to manage
the airing and invoicing of TV commercials.  The principal assets
acquired by the Company consisted of CCMS's software, cash and
accounts receivable.  Although the Company intends to continue
CCMS's operations, the Company may integrate CCMS 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.

     (a) Financial Statements
     
     Audited financial statements of CCMS are not readily
available and none of the conditions in Item 310(c)(2) of
Regulation SB exceeds 20%.  In addition, unaudited financial
statements as contemplated in Item 310(c)(3)(ii) are not
available.  The following other financial information was
prepared by CCMS:

                         Two Months          Twelve Months 
                         Ended               Ended
                         February 29,        December 31, 
                         1996                1995

Revenue                  $ 472,699           $1,805,153 
Cost of Sales               25,662              301,167 
Gross Profit               447,037            1,503,986 

Operating Expenses:
     S, G and A            141,579              885,318 
     Depreciation and 
       Amortization          3,761               44,940 
Operating income           301,698              573,728 
Other income (expense)       2,779               20,551 
Net income - pre-tax     $ 304,477           $  594,279 

                         Balance Sheet       Balance Sheet
                         February 29,        December 31,
                         1996                1995

Current assets:
     Cash and cash 
       equivalents       $ 429,785           $ 121,156 
Total current assets       429,785             121,156 
Property and equipment, 
  net                       54,301              56,041 
Goodwill                     3,000               3,000 

TOTAL ASSETS             $ 487,086           $ 180,197 

Current liabilities:
     Accounts payable 
       and accrued 
       expenses              3,573                -   
     Note payable            5,557               6,718 
Total current liabilities    9,130               6,718 
Total liabilities            9,130               6,718 
Stockholders' equity       477,956             173,479 

TOTAL LIABILITIES AND 
  STOCKHOLDERS' EQUITY   $ 487,086           $ 180,197 

Note:  The above summary financial information is unaudited, was
prepared on a cash basis, and includes pro forma adjustment
related to CCMS's profit sharing plan.

 In addition, pro forma financial information will be filed not
later than 60 days after the filing date.

     (b) Exhibits

     99. Agreement and Plan of Merger, dated May 8, 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:  May 31, 1996                /s/ Richard J. Parent
                                        Richard J. Parent
                                   Its: Chief Financial Officer 
                                        and Secretary