8-K

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: April 13, 2009

THE KUSHNER-LOCKE COMPANY

(Exact name of registrant as specified in its charter)

California	0-17295	95-4079057
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

280 South Beverly Drive, Suite 205, Beverly Hills, California	90212
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (310) 275-7505

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:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

     As previously disclosed in its Current Report on Form 8-K filed on November 21, 2001, and the Registrant’s Form 12b-25 filed on January 2, 2002, The Kushner-Locke Company, a California corporation (the “Registrant”), and certain of its wholly-owned subsidiaries (collectively, the “Debtors”), filed on November 21, 2001, voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The Debtors’ Chapter 11 cases are currently pending before the United States Bankruptcy Court for the Central District of California, Los Angeles Division (the “Bankruptcy Court”) and are being jointly administered under Case No. LA-01-44828-SB.

     The Registrant’s unaudited monthly operating report and monthly interim statement required by the Bankruptcy Court for January 2009 are provided in this Current Report on Form 8-K. The operating report and interim statement shave been duly filed by the Registrant with the Bankruptcy Court.

     THE OPERATING REPORT AND THE INTERIM STATEMENT CONTAIN FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS, ARE NOT PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND MAY BE SUBJECT TO FUTURE RECONCILIATION OR ADJUSTMENTS. THE OPERATING REPORT AND INTERIM STATEMENT MAY ALSO CONTAIN INFORMATION FOR PERIODS THAT ARE SHORTER OR OTHERWISE DIFFERENT FROM THOSE CONTAINED IN THE REGISTRANT’S REPORTS REQUIRED TO BE MADE PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

     THE REGISTRANT MAKES NO REPRESENTATIONS OR WARRANTIES WHATSOEVER AS TO ANY OF THE INFORMATION CONTAINED IN THE OPERATING REPORT OR THE INTERIM STATEMENT. FOR THESE REASONS, THE REGISTRANT CAUTIONS READERS NOT TO PLACE UNDUE RELIANCE UPON THE INFORMATION CONTAINED IN THE OPERATING REPORT OR THE INTERIM STATEMENT. THE OPERATING REPORT AND INTERIM STATEMENT ARE BEING PROVIDED SOLELY FOR INFORMATION PURPOSES; THEY WERE NOT PREPARED FOR THE PURPOSE OF PROVIDING THE BASIS FOR AN INVESTMENT DECISION RELATING TO THE SECURITIES OF THE REGISTRANT.

Item 9.01. Financial Statements and Exhibits.

(a)	Financial Statements of Business Acquired.
	Not Applicable.
(b)	Pro Forma Financial Information.
	Not Applicable.
(c)	Exhibits.
	Exhibit 99.1. Monthly Interim Statement of The Kushner-Locke Company (the “Registrant”) for the calendar month from January 1, 2009 to January 31, 2009.
	Exhibit 99.2. Monthly Operating Report of the Registrant for the calendar month from January 1, 2009 to January 31, 2009.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 16, 2009	THE KUSHNER-LOCKE COMPANY
	By:	/s/ Alice P. Neuhauser
		Alice P. Neuhauser
		Responsible Officer

EX-99.1

Exhibit 99.1

Office of the United States Trustee

In re:

     The Kushner-Locke Company

Chapter 11
Case No. LA 01-44828-SB (Substantively Consolidated with
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)

DEBTOR IN POSSESSION INTERIM STATEMENT

Page 1 of 3

Statement Number:	87
For the Period FROM:	1/1/2009
TO:	1/31/2009

		Collateral		Concentration		City National
CASH ACTIVITY ANALYSIS (Cash Basis Only)		Account		Account		Collection Account
Balance before Statement #1		$	268,333.21	$	65,956.21
A. Total Receipts per all Prior Interim Statements		$	11,543,149.08	$	10,537,332.51	$	1,253,713.60
B. Less: Total Disbursements per all Prior Statements		$	10,940,576.94	$	10,335,876.20	$	45,066.80
C. Beginning Balance		$	870,905.35	$	267,412.52	$	1,208,646.80
D. Receipts during Current Period
Description
1/9/2009	WABC	$	18,750.00
1/14/2009	Wire Transfer			$	45,000.00
1/27/2009	Vision Films					$	15,005.87
1/28/2009	Media 8			$	150,000.00
1/30/2009	Wire Transfer			$	40,000.00
1/30/2009	interest	$	51.86
TOTAL RECEIPTS THIS PERIOD		$	18,801.86	$	235,000.00	$	15,005.87		—
E. Balance Available (C plus D)		$	889,707.21	$	502,412.52	$	1,223,652.67	$	—

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 87 Page 2 of 3

F. Less: Disbursements during Current Period:
Date		Check No.		Payee/Purpose
	1334		01/02/2009	Stutman Treister & Glatt			$	60,565.21
Wire			01/02/2009	ADP			$	82.96
	1336		01/09/2009	AT & T			$	83.16
	1337		01/09/2009	AT & T			$	291.72
	1338		01/09/2009	City Of Beverly Hills			$	416.13
	1339		01/09/2009	Global Media Television			$	3,750.00
	1340		01/09/2009	Kevin Marino Expenses			$	93.75
	1341		01/09/2009	Secretary of State			$	25.00
	1343		01/09/2009	Bonded Services			$	4,000.00
Wire			01/13/2009	Payroll Tax			$	6,459.24
	8562		01/13/2009	Payroll			$	1,363.01
	8563		01/13/2009	Payroll			$	5,852.69
	8564		01/13/2009	Payroll			$	2,897.52
Wire			01/14/2009	Comerica Bank			$	171.32
	1344		01/14/2009	Clumeck Stern Schenkelberg & Getzoff			$	1,400.00
	1345		01/14/2009	Digitronix One			$	173.24
	1346		01/14/2009	Keren Aminia Expenses			$	1,145.97
	1347		01/14/2009	Point 360			$	105.60
	1348		01/14/2009	Recall			$	918.80
	1349		01/14/2009	USI			$	1,827.00
Wire			01/14/2009	Wire Transfer	$	45,000.00
Wire			01/16/2009	ADP			$	20.00
Wire			01/23/2009	ADP			$	162.96
	1351		01/23/2009	AT & T			$	85.59
	1352		01/23/2009	ITE Solutions			$	345.00
	1353		01/23/2009	Kevin Marino Expenses			$	127.55
	1354		01/23/2009	New Beginnings Enterprises			$	4,720.30
	1355		01/23/2009	AT & T			$	278.71
Wire			01/27/2009	Payroll Tax			$	7,457.93
	8565		01/27/2009	Payroll			$	1,362.99
	8566		01/27/2009	Payroll			$	7,127.90
	8567		01/27/2009	Payroll			$	2,897.52
	1356		01/28/2009	Blue Shield			$	319.00
	1357		01/28/2009	Bowne of Los Angeles			$	499.00
Wire			01/30/2009	Wire Transfer	$	40,000.00
Wire			01/30/2009	ADP			$	90.15
Wire			01/30/2009	City National Bank					$	50.00
TOTAL DISBURSEMENTS THIS PERIOD:					$	85,000.00	$	117,116.92	$	50.00		—
G. Ending Balance (E less F)					$	804,707.21	$	385,295.60	$	1,223,602.67	$	—

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 87 Page 3 of 3

H. (1) Collateral Account:
a) Depository Name and Location:	Chase Bank 1 Chase Manhattan Plaza, New York, NY 10081
b) Account Number:		323221556
(2) Concentration Account:
a) Depository Name and Location:	Comerica Bank 10900 Wilshire Blvd, Los Angeles, CA 90024
b) Account Number:		1891935460
I: Other monies on hand:
The Kushner Locke Company PWI account			$	731.10
Bank of Scotland — Pinocchio		936582	£	219,874.21	Pound Sterling	Time Deposit
Bank of Scotland — Basil		936582	£	246,939.88	Pound Sterling	Time Deposit	(KL’ s interest is 50%)
Allied Pinocchio		10747301	$	—	Pound Sterling
Edge Entertainment		1891152710	$	172.89
I: Other monies on hand (continued):
Additionally, the Company maintains a minimal amount of Petty Cash (less than $500).
Joint Venture Accounts:
BLT Venture		178-71491-7	$	95,381.96
BLT Venture		16-524173-1101	$	330.45
KL MDP Sensation		60-066-930	$	—
KL\7 Venture		1890-69-6360	$	39,960.31
Denial Venture		1890-69-6501	$	244,500.56
Cracker LLC		1891-04-1665	$	15,569.01
Swing		323-518095	$	13,031.13

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.

Debtor in Possession

EX-99.2

Exhibit 99.2

Office of the United States Trustee

In re:
     The Kushner-Locke Company

Chapter 11
Case No. LA 01-44828-SB (Substantively Consolidated with
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)

DEBTOR IN POSSESSION OPERATING REPORT
Report Number:	87	Page 1 of 2
For the Period FROM:	1/1/2009
TO:	1/31/2009

1 Profit and Loss Statement (Accrual Basis Only)
A. Related to Business Operations
Gross Sales		$	—
Costs Related to Revenues (Film Cost Amortization)
Gross Profit					—
Less: Operating Expenses
Officer Compensation	20,588
Salaries and Wages — Other Employees	11,154
Total Salaries and Wages			31,741
Employee Benefits and Pensions			319
Employer Payroll Taxes/Fees	4,034
Other Taxes	416
Total Taxes			4,450
Rent and Lease Expense (including parking)	4,720
Distribution/Delivery Expenses	3,856
Interest Expense
Insurance	1,827
Automobile Expense/Mileage
Utilities (incl. Phone, phone equipment, internet)	1,084
Depreciation and Amortization
Business Equipment Leases
Business Expense reimbursement	1,367
Storage Expense	4,919
Supplies, Office Expenses, Photocopies, etc.
Bad Debts
Miscellaneous Operating Expenses	919
Total Operating Expenses			55,202
Net Gain/Loss from Business Operations					(55,202	)
B. Not related to Business Operations
Income
Interest Income
Other Non-Operating Revenues			—
Gross Proceeds on Sale of Assets
Less: Original Cost of Assets plus expenses of sale
Net Gain/Loss on Sale of Assets			—
Total Non-Operating Income					—
Expenses Not Related to Business Operations
Legal and Professional Service Fees			61,965
Other Non-Operating Expenses (Board/Trustee fees)
Total Non-Operating Expenses					61,965
NET INCOME/(LOSS) FOR PERIOD				$	(117,167	)

DEBTOR IN POSSESSION OPERATING REPORT NO: 87 Page 2 of 2

2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):

	Accounts		Accounts
	Payable		Receivable
Current Under 30 days		—		—
Overdue 31-60 days		—		—
Overdue 61-90 days		—		—
Overdue 91-120 days		—		—
Overdue Over 121 days		—		—
Due in the Future		975		775,424
TOTAL		975		775,424

3 Statement of Status of Payments to Secured Creditors and Lessors:

     No payments to Secured Creditors or Lessors were paid or payable during the reporting period.

4 Tax Liability

     No tax payments were paid or payable during the reporting period other than payroll taxes shown above.

5 Insurance Coverage

	Carrier/	Amount of		Policy		Premium Paid
	Agent Name	Coverage		Expiration Date		Through Date
Worker’s Compensation (RENEWED)	St. Paul		1,000,000		1/14/2010		1/14/2010
Commercial Property (RENEWED)	St. Paul		2,000,000		2/14/2009		2/14/2009
Errors & Omissions — Library (RENEWED)	St. Paul		3,000,000		3/3/2009		3/3/2009

6 Questions:

A.	Has the Debtor in Possession provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee?
	o Yes                    Explain:
	þ No
B.	Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as authorized by the Court?
	o Yes                    Explain:
	þ No

7 Statement on Unpaid Professional Fees (Postpetition Amounts Only)

Total unpaid post-petition Professional Fees during the reporting period:                    $28,040.51

8 Narrative Report of Significant Events and Events out of the Ordinary Course of Business:

None.

9 Quarterly Fees:

Paid

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.

Debtor in Possession