<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
RESTATED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF GLOBAL MEDIA CORPORATION
FOR THE SIX MONTHS ENDED JANUARY 31, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             JUL-31-1998
<PERIOD-END>                               JAN-31-1999
<CASH>                                         610,376
<SECURITIES>                                         0
<RECEIVABLES>                                      206
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               616,784
<PP&E>                                         363,360
<DEPRECIATION>                                  94,217
<TOTAL-ASSETS>                                 885,927
<CURRENT-LIABILITIES>                        1,036,424
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        12,546
<OTHER-SE>                                   (163,043)
<TOTAL-LIABILITY-AND-EQUITY>                   885,927
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                  929,846
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (929,846)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (929,846)
<DISCONTINUED>                                 (2,065)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (931,911)
<EPS-BASIC>                                      (.05)
<EPS-DILUTED>                                    (.05)