8-K

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

Date of Report (Date of earliest event reported)  July 1, 2004

HOLLYWOOD MEDIA CORP.

(Exact name of registrant as specified in its charter)

Florida	0-22908	65-0385686
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2255 Glades Road, Suite 221A, Boca Raton, Florida 33431

(Address of Principal Executive Office) (Zip Code)

(561) 998-8000

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, If Changed Since Last Report.)

Item 5.     Other Events and Regulation FD Disclosure.

The Registrant, Hollywood Media Corp., reports that on July 2, 2004 it issued a press release announcing that it consummated its acquisition of Studio Systems, Inc. in a transaction that closed on July 1, 2004. The press release is filed as Exhibit 99 to this report on Form 8-K and is incorporated by reference herein.

Item 7.     Financial Statements and Exhibits.

(c)

Exhibits.

The following exhibit is furnished in connection with the disclosure pursuant to Item 5 of this Form 8-K.

Exhibit No.	Description
99	Press Release of Hollywood Media Corp. dated July 2, 2004 (Hollywood Media Corp. Announces Completion of Acquisition of Studio Systems, Inc.).

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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.

	HOLLYWOOD MEDIA CORP.
Date:  July 2, 2004	By:	/s/ MITCHELL RUBENSTEIN
		Mitchell Rubenstein Chief Executive Officer

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INDEX TO EXHIBITS

Exhibit No.	Description
99	Press Release of Hollywood Media Corp. dated July 2, 2004 (Hollywood Media Corp. Announces Completion of Acquisition of Studio Systems, Inc.).

EX-99

EXHIBIT 99

HOLLYWOOD MEDIA CORP. ANNOUNCES COMPLETION OF ACQUISITION

OF STUDIO SYSTEMS, INC.

(Boca Raton, FL – July 2, 2004) - Hollywood Media Corp. (Nasdaq: HOLL), a leading provider of news, information and ticketing covering the entertainment and media industries, today announced that on July 1, 2004 it consummated its acquisition of Studio Systems, Inc., pursuant to the previously announced definitive agreement for the transaction. Based in Los Angeles, Studio Systems provides entertainment industry database and information services to the entertainment and media industries on a subscription basis. As a result of the acquisition, Studio Systems, Inc. became a subsidiary of Hollywood Media Corp. and its business will be integrated with Hollywood Media Corp.’s Baseline/Filmtracker subsidiary.

In closing the acquisition, Hollywood Media Corp. made cash payments aggregating $3,950,000, issued 73,249 shares of its common stock, and agreed to make 12 monthly payments of $42,500 each. A portion of the cash paid at closing was deposited in escrow to cover potential post-closing adjustments and indemnities. Hollywood Media Corp. funded the closing payments with cash on hand.

About Hollywood Media Corp.

Hollywood Media Corp. is a leading provider of news, information and ticketing covering the entertainment and media industries. On the strength of its history in developing comprehensive entertainment industry databases, as well as its major strategic partners and unique content, the Company has launched a network of media businesses. The Company's Data Business includes CinemaSource, EventSource, AdSource and Baseline/StudioSystem. The Company’s Broadway Tickets business includes Broadway.com, 1-800-Broadway and Theatre Direct International. These services supply thousands of media outlets with specific information on entertainment events such as movies, live theater and concerts, and sell tickets for Broadway. The Company's businesses also include an intellectual property business, as well as Hollywood.com and a minority interest in MovieTickets.com. In addit ion, the Company owns and operates the cable television network, Totally Hollywood TV.

Statements in this press release may be “forward-looking statements” within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous potential risks and uncertainties including, but not limited to, the need to manage our growth and integrate new businesses, our ability to develop strategic relationships, our ability to compete with other media, data and Internet companies, technology risks, the volatility of our stock price, and other risks and factors described in Hollywood Media Corp.'s filings with the Securities and Exchange Commissi on including our Form 10-K for 2003. Such forward-looking statements speak only as of the date on which they are made.