<ARTICLE> 5 <CIK> 0000868796 <NAME> Lancit Media Entertainment, Ltd. <MULTIPLIER> 1 <CURRENCY> US Dollars <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> Jun-30-1997 <PERIOD-START> Jul-01-1996 <PERIOD-END> Jun-30-1997 <EXCHANGE-RATE> 1 <CASH> 4,461,627 <SECURITIES> 0 <RECEIVABLES> 1,909,750 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,148,618 <PP&E> 525,530 <DEPRECIATION> 0 <TOTAL-ASSETS> 9,199,313 <CURRENT-LIABILITIES> 4,468,143 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,635 <OTHER-SE> 4,123,546 <TOTAL-LIABILITY-AND-EQUITY> 9,199,313 <SALES> 0 <TOTAL-REVENUES> 3,152,057 <CGS> 0 <TOTAL-COSTS> 7,756,365 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (9,958,104) <INCOME-TAX> 19,500 <INCOME-CONTINUING> (10,078,908) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (10,078,908) <EPS-PRIMARY> (1.54) <EPS-DILUTED> (1.54)