8-K

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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 EXCHANGE ACT OF 1934



                          DATE OF REPORT: July 7, 2000




                             iNTELEFILM CORPORATION
             (Exact name of registrant as specified in its charter)


    MINNESOTA                       0-21534                      41-1663712
    ---------                       -------                      ----------
 (State or other             (Commission File No.)         (IRS Employer ID No.)
  jurisdiction
of incorporation)


             5501 EXCELSIOR BOULEVARD, MINNEAPOLIS, MINNESOTA 55416
             ------------------------------------------------------
                    (Address of principal executive offices)

                                 (612) 925-8840
                                 --------------
              (Registrant's telephone number, including area code)

                Children's Broadcasting Corporation (former name)


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ITEM 5.  OTHER EVENTS.

         (a) Reference is made to the Press Release issued to the public by the
Registrant on June 27, 2000, and attached hereto as an exhibit, relating to the
worldwide test agreement with J. Walter Thompson, an international advertising
agency, and webADTV.com, Inc., a subsidiary of the Registrant.

         (b) Reference is made to the cautionary statements of the Registrant,
presented in the Registrant's Form 10-KSB for the year ended December 31, 1999.



ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.

         (c) Exhibits

             99.1  Press Release dated June 27, 2000.



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                                    SIGNATURE

         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.

Dated: July 7, 2000           iNTELEFILM CORPORATION



                              BY:     /s/ James G. Gilbertson
                                      -----------------------
                                      James G. Gilbertson
                              ITS:    Chief Operating Officer





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                                  EXHIBIT INDEX

99.1     Press Release dated June 27, 2000.

EX-99.1

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                                                                    EXHIBIT 99.1


Contacts:
Mintie Das
Investor Relations
webADTV.com
612.925.8895
mdas@webADTV.com

For Immediate Release

                        webADTV SIGNS J. WALTER THOMPSON
 The Digital Video Archiving and Retrieval Service Developed with AT&T and
Excalibur Technologies Signs Fourth Largest Global Advertising Agency as Client

MINNEAPOLIS, JUNE 27, 2000---webADTV.com(sm), Inc. ("webADTV"), a subsidiary of
iNTELEFILM(sm) (Nasdaq: FILM) announced today that iNTELESource.ORG
("iNTELESource"), the only digital video archiving and retrieval service
designed specifically for global advertising agencies has entered into a
worldwide test with international advertising agency J. Walter Thompson. J.
Walter Thompson is the fourth largest single agency in the world.

         iNTELESource is a web enabled, video asset management system that
provides agencies and production companies with the ability to digitize, encode,
archive and stream television commercials on their desktop. iNTELESource key
functions include:

          -    Allowing J. Walter Thompson secure web-based access by numerous
               creative team members from remote locations to retrieve video
               files to their desktop computer via a real time stream or a
               download.

          -    Coordinating the flow of the video through the various stages of
               the production and client approval process.


         The iNTELESource digital archiving and retrieval capabilities will be
used in J. Walter Thompson's Detroit, USA and Sydney, Austrailia offices pending
a successful introduction of the

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three month test, plans are to expand the INTELESOURCE services to the other
offices of the worldwide agency.

         "We are pleased to begin working with the talented and progressive
people of J. Walter Thompson. Their enthusiasm and confidence in signing with
iNTELESource attests to their understanding of digital solutions as well as to
the quality and efficiency of our product. As the first step in our plan to
build out a complete set of digital solutions for the advertising agency
industry, we are pleased with the success of the iNTELESource product. Our
industry expertise will continue to define our products and ensure advertising
agencies that we understand and can service their very particular needs," said
James G. Gilbertson, Chief Executive Officer and President of webADTV.

         iNTELESource is the first online tool in a larger web based platform
planned by webADTV. webADTV's goal is to become the technology platform for the
advertising agency industry by combining the digital archiving and retrieval
capabilities of iNTELESource with other digital productivity tools in
development.

ABOUT WEBADTV.COM
webADTV is the online digital suite of tools that will web enable all aspects of
the global advertising process from conception of the media campaign,
production, placement and fulfillment. By providing a series of productivity
features and a wide array of e-commerce solutions designed for transactions
within the advertising community, webADTV will enhance and streamline the
business process for advertising agencies and their clients.

ABOUT J. WALTER THOMPSON

J. Walter Thompson, the world's original advertising/communications company,
recently celebrated its 135th anniversary. The Detroit office is the largest of
its 250-facilities in 87 countries, and the company ranks near the top among
world ad agencies. The organization's philosophy of "Total

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Branding" helps develop clients' sales and long-term value. That mission
continues to enhance the growth of both J. Walter Thompson and its clients in
the year 2000.

Certain statements made in this press release of a non-historical nature
constitute "forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1985. Such forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those anticipated. Such factors include, but are not
limited to, changes in economic conditions and the risks and uncertainties
described in the Company's Form 10KSB Report as filed for year ended December
31, 1999 with the Securities and Exchange Commission.

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