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                                 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): June 27, 2001


                               LAUNCH MEDIA, INC.
             (Exact name of registrant as specified in its charter)



                                                            
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            Delaware                        000-25273                        95-4463753
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(State or other jurisdiction of      (Commission File Number)     (IRS Employer Identification No.)
         incorporation)


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                            2700 Pennsylvania Avenue
                         Santa Monica, California 90404
               (Address of principal executive offices) (Zip Code)

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       Registrant's telephone number, including area code: (310) 526-4300



          (Former name or former address, if changed since last report)

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ITEM 5.  OTHER EVENTS.

        On June 27, 2001, Launch Media, Inc.("Launch") entered into an Agreement
and Plan of Merger with Yahoo! Inc. and Jewel Acquisition Corporation. A copy of
the agreement is attached hereto as Exhibit 2.1. Concurrently with the execution
of the Agreement and Plan of Merger, Launch's executive officers, directors and
certain affiliates entered into a Stockholders Agreement in the form attached
hereto as Exhibit 2.2, and certain stockholders of Launch entered into a
Stockholders Agreement in the form attached hereto as Exhibit 2.3

        Also included herein for completeness, and filed herewith as an exhibit
incorporated by reference herein, is a press release issued by Yahoo! Inc. and
Launch dated June 28, 2001, announcing the signing of the Agreement and Plan of
Merger.

        Launch security holders and any potential investors in Launch are
advised to carefully read the tender offer statement on Schedule TO, the
solicitation / recommendation statement on Schedule 14D-9 and any other
documents Launch or Yahoo! Inc. files with the Securities and Exchange
Commission in connection with the proposed tender offer or merger when they
become available because they will contain important information about the
proposed transaction. Investors and security holders may obtain free copies of
these documents (when available) and other documents filed by Launch at the
SEC's website at www.sec.gov. These documents (when available) may also be
obtained for free by contacting Jeffrey M. Mickeal at (310) 526-4300 at Launch.



ITEM 7.  EXHIBITS.


            
        2.1    Agreement and Plan of Merger, dated as of June 27, 2001, by and
               among Yahoo! Inc., Jewel Acquisition Corporation and Launch
               Media, Inc.

        2.2    Form of Stockholders Agreement dated as of June 27, 2001, by and
               among Yahoo! Inc., Jewel Acquisition Corporation and certain
               stockholders of Launch Media, Inc.

        2.3    Form of Stockholders Agreement dated as of June 27, 2001, by and
               among Yahoo! Inc., Jewel Acquisition Corporation and certain
               stockholders of Launch Media, Inc.

        99.1   Press release dated June 28, 2001.


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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.

                                       LAUNCH MEDIA, INC.


Date:  July 2, 2001                    By: /S/ JEFFREY M. MICKEAL
                                           -------------------------------------
                                           Jeffrey M. Mickeal
                                           Chief Financial Officer and Secretary


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                                  EXHIBIT INDEX




Exhibit No.        Description
- -----------        -----------
                
2.1                Agreement and Plan of Merger, dated as of June 27, 2001, by
                   and among Yahoo! Inc., Jewel Acquisition Corporation and
                   Launch Media Inc.

2.2                Form of Stockholders Agreement dated as of June 27, 2001, by
                   and among Yahoo! Inc., Jewel Acquisition Corporation and
                   certain stockholders of Launch Media, Inc.

2.3                Form of Stockholders Agreement dated as of June 27, 2001, by
                   and among Yahoo! Inc., Jewel Acquisition Corporation and
                   certain stockholders of Launch Media, Inc.

99.1               Press release dated June 28, 2001.