8-K

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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



                         Date of Report: August 5, 2002




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


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


  604-221 Twelve Oaks Center, 15500 Wayzata Boulevard, Wayzata, Minnesota 55391
                    (Address of principal executive offices)

                                 (952) 925-8840
              (Registrant's telephone number, including area code)
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP

         On August 5, 2002, iNTELEFILM Corporation (the "Company") filed a
voluntary petition for relief under Chapter 11 of the United State Bankruptcy
Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the
District of Minnesota (the "Bankruptcy Court") (Case No.02-32-788). The Company
will continue to pursue realization of its May 2002 jury award of $9.5 million
and related claims against ABC Radio Networks, Inc. and The Walt Disney Company
as "debtor in possession" under the jurisdiction of the Bankruptcy Court and in
accordance with applicable provisions of the Bankruptcy Code since the Company
had previously disposed of its operating businesses. On August 5, 2002, the
Company issued a press release related to the foregoing, a copy of which is
attached hereto as Exhibit 99.1 and is incorporated in its entirety herein by
reference.


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


         (c)      Exhibits

                  99.1      Press Release dated August 5, 2002



                                              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: August 5, 2002            iNTELEFILM Corporation


                                 /s/ Mark A. Cohn

                                   Mark A. Cohn
                                   ITS:    Chairman and Chief Executive Officer










                                  EXHIBIT INDEX

99.1                       Press Release dated August 5, 2002

EX-99.1

EXHIBIT 99:1NEWS RELEASE

FOR:  iNTELEFILM CORPORATION
604-221 Twelve Oaks Center
15500 Wayzata Boulevard
Wayzata, Minnesota 55391

MARK A. COHN, CHAIRMAN AND CEO
952-925-8840

     iNTELEFILM CORPORATION FILES FOR CHAPTER 11 REORGANIZATION; COMPLETES
                           SALE OF SUBSIDIARY ASSETS

         MINNEAPOLIS, MN, AUGUST 5, 2002 -- iNTELEFILM Corporation (FILM:OTCBB)
announced today that the Company has filed a voluntary petition for
reorganization under Chapter 11 of the U.S. Bankruptcy Code with the U.S.
Bankruptcy Court. The Chapter 11 filing will provide the Company with cash-flow
relief while it focuses on the completion of the it's long-running litigation
against ABC Radio Networks, Inc. and The Walt Disney Company that resulted in a
jury award of $9.5 million in May 2002. The timing of a final resolution of the
litigation is uncertain because post-trail motions have not been decided and
appeals are likely.
         The Company also announced that it has reached an agreement, subject to
U.S. Bankruptcy Court approval, with a secured creditor to provide access to
cash collateral which will provide adequate liquidity to fund the Company's
ongoing activities during the reorganization process. The Company will also
immediately cease its filings with the Securities and Exchange Commission and
has and will continue to taken other steps to minimize its ongoing operating
expenses.
         Also, the Company's majority-owned subsidiary, WTV, Inc. (formerly
known as Video3, Inc.), has completed the sale of its assets to an entity owned
by former members of the subsidiaries management team.
         Mark A. Cohn, Chairman and CEO said, "We have completed the sale of our
last remaining operating subsidiary. As a result, a successful implementation of
our reorganization plan should allow for full repayment of iNTELEFILM's
obligations to its creditors after the receipt of the full ABC/Disney jury
award. In addition, should the Company realize more than the jury award through
the addition of pre and/or post judgment interest, or an appeal, the remaining
amount after payment to creditors would be distributed to iNTELEFILM's
shareholders. "

ABOUT iNTELEFILM CORPORATION
iNTELEFILM Corporation FILM is based in Minneapolis and trades on the
Over-the-Counter Bulletin Board under the symbol "FILM." Additional information
on the Company can be found in the Company's filings with the Securities and
Exchange Commission.

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 1995. 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 10K REPORT AS FILED FOR THE YEAR ENDED DECEMBER
31, 2001 WITH THE SECURITIES AND EXCHANGE COMMISSION.


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