UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                 FORM 12b-25

NOTIFICATION OF LATE FILING                        SEC FILE NUMBER: 0-51164

                                                   CUSIP NUMBER:

[ ]Form 10-K [ ]Form 20-F  [ ] Form 11-K  [X] Form 10-Q
[ ]Form N-SAR

For Period Ended: September 30, 2006
                  ------------------

[ ] 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: __________________


     Read Attached Instruction Sheet 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.

     If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION
         ----------------------

Full Name of Registrant
Former Name if Applicable


FILM AND MUSIC ENTERTAINMENT, INC.

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Address of Principal Office (Street and Number)

5670 Wilshire Boulevard, Suite 1690

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City, State and Zip Code

Los Angeles, California 90036

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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)

[X] (a)  The reasons described in reasonable detail in Part III of this form
         could not be eliminated without unreasonable effort or expense.

[X] (b)  The subject annual report, semi-annual report, transition report on
         Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, 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 Forms 10-K, 20-F, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.

     Management has been unable to complete the Registrant's
     Form 10-Q for the period ended September 30, 2006 timely.


PART IV - OTHER INFORMATION
          -----------------

(1)   Name and telephone number of person to contact in regard to this
      notification.

       John Daly                 (323)              904-5200
     --------------            -----------      ------------------
        (Name)                 (Area Code)      (Telephone Number)

(2)   Have all other period 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 short period that
      the registrant was required to file such report(s) been filed?  If
      answer is no, identify report(s).

                             [ ] Yes          [X] No
	10K 2005
	10Q 1st Q 2006
	10Q 2nd Q 2006

(3)   Is it anticipated that any significant change in results of operations
      from the corresponding period for the last fiscal year will be reflected
      in the earnings statement to be included in the subject report or
      portion thereof?

                             [ ] Yes          [X] 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.

     FILM AND MUSIC ENTERTAINMENT, INC. has caused this notification to be
signed on its behalf by the undersigned hereunto duly authorized.



                                    Film and Music Entertainment, Inc.

Date: November 14, 2006             By:/s/John Daly
                                       --------------------------------
                                       John Daly, President and CEO