EXHIBIT 1


           FILM AND MUSIC ENTERTAINMENT NAMES NEW DIRECTOR
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HOLLYWOOD, CA (November 16-2006) At a meeting of the Board of
Directors of Film and Music Entertainment, Inc. (FLME:PK) today the
Board appointed Michael Daly as an interim Director of the Company, to
serve until the next annual General Meeting of Shareholders. Mr. Daly
has been an employee of the Company for the last two years.  Educated
at Charter House, he graduated from the University of Greenwich,
London. Mr Daly has extensive experience both in music and in film and
has been an officer and director of Red Giants Productions, Inc. since
earlier this year. Michael is the son of John Daly, the Chairman and
CEO of the Company.

The Board also noted that the officers of the Company had recently
uncovered evidence that Mr. Arkadiy Golubovich, brother of one of the
existing Board members, was under the age of 18 when he was appointed
a Director in 2004. The Board then consulted with Nevada counsel who
advised that the appointment of Arkadiy Golubovich was invalid under
Nevada law and that he had never been a valid member of the Board.

In another action the Board replaced Kabani and Company with HJ
Associates & Consultants, LLP. as the Company's auditors. Lawrence
Lotman, Secretary, Director stated that Kabani and Company had refused
to complete the 2005 audit of the Company's financial statements
during the pendency of litigation involving a dissident director. He
stated that consequently the Company had been unable to complete its
required l0-K annual report and 10-Q quarterly report filings and
that, due to the non-cooperation of the Golubovich brothers, the Board
had been unable to replace the auditors. He stated that, with the new
Director, the Board could now legally take the necessary action to
replace the auditors and complete the required filings. He went on to
state that the Board anticipated calling an Annual General Meeting of
the shareholders as soon as practical upon completion of the required
filings. .

Film and Music Entertainment, Inc. is a publicly traded independent
entertainment production and distribution company which produces
theatrical feature films for worldwide distribution.

Statements included within this press release that are not historical
in nature constitute forward-looking statements for the purpose of the
safe harbor provided by the Private Securities Litigation Reform Act
of 1995.  Investors are cautioned that this press release contains
certain such forward-looking statements that involve substantial risks
and uncertainties. When used, the words "anticipate", "believe",
"estimate", "expect", and similar expressions as they relate to the
Company or its management are intended to identify such forward-
looking statements.  There can be no assurance that the Company will
be able to market, sell or deliver successfully its services inside or
outside the United States, given risk factors including but not
limited to unexpected changes in regulatory requirements, export
restrictions, tariffs and other trade barriers, longer payment cycles,
and fluctuations in currency exchange rates, any of which could
adversely affect the Company's operations.  There can be no assurance
that one or more of these factors will not have a material adverse
affect on the Company's current or future operations and consequently,
on the Company's business, results of operations, and financial
condition.

Contact: Lawrence Lotman: (323) 904-5200 or larry@famefilm.com
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