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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING SEC FILE NUMBER: 0-25308
CUSIP NUMBER: 690337-10-0
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(Check One): [ X ] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ]Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 2002
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: __________________________
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Read Instructions (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
FIRST LOOK MEDIA, INC.
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Full Name of Registrant
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Former Name if Applicable
8000 Sunset Boulevard, Suite B310
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Address of Principal Executive Office (Street and Number)
Los Angeles, California 90046
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City, State and Zip Code
PART II - RULES 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof,
[ X ] will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q, or portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K and Form 10-KSB,
11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period. (Attach Extra Sheets if
Needed)
The Company's Annual Report on Form 10-K for the year ended December 31, 2002
could not be completed in time without unreasonable effort and expense to the
Company due to protracted discussions among the Company's management,
independent auditors and lender under the Company's credit facility relating to
the Company's financial performance and industry-wide changes in revenue
recognition practices.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Douglas McClure, Esq. (323) 337-1000
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months (or for such shorter) period that
the registrant was required to file such reports) been filed? If answer is
no, identify report(s) :
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion
thereof?
[ X ] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
It is anticipated that the Form 10-K will reflect the following changes in
results of operations from the prior fiscal year:
The Company's revenues for the year ended December 31, 2002 are expected to be
approximately $26.7 million, compared to approximately $35.1 million for the
year ended December 31, 2001. This decrease was primarily due to lower revenue
from the licensing of distribution rights to third party distributors related to
the general downturn in the economy and specifically, the financial difficulties
of broadcasters worldwide. The Company expects to record a net loss of
approximately $9.3 million for the year ended December 31, 2002, compared to a
net loss of approximately $3.8 million for the year ended December 31, 2001.
This increase primarily resulted from lower revenues, increased film cost
write-downs and increased bad debts related to the above.
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FIRST LOOK MEDIA, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: April 1, 2003 By: /s/ William F. Lischak
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William F. Lischak, Chief Operating Officer
and Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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