SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 8-K/A

                        AMENDMENT NO. 1 TO CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of Report (date of earliest event reported)            AUGUST 28, 1996
                                                 ------------------------------


                      MAGICWORKS ENTERTAINMENT INCORPORATED
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             (Exact name of registrant as specified in its charter)


                                    DELAWARE
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                 (State or other jurisdiction of incorporation)


          2-96614-D                                  87-0425513
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  (Commission File Number)                (IRS Employer Identification No.)


    930 WASHINGTON AVENUE, 5TH FLOOR
    MIAMI BEACH, FLORIDA                                        33139
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 (Address of principal executive offices)                     (Zip Code)


Registrant's telephone number, including area code      (305) 352-1566
                                                  -----------------------------


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






ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

            (A)   FINANCIAL STATEMENTS
                  --------------------
                  The audited combined financial statements of Magicworks
                  Entertainment Incorporated at December 31, 1995 and for the
                  year then ended and the audited historical supplemental
                  pooled financial statements of Magic Promotion, Inc. and
                  Movietime Entertainment Incorporated as of December 31,
                  1995, and for the year then ended, each together with
                  auditors' reports thereon, are attached hereto as
                  Attachments 7(a)(i) and 7(a)(ii), respectively, and are
                  incorporated herein by this reference.

                  The unaudited historical combined supplemental pooled
                  financial statements of Magic Promotion, Inc. and Magicworks
                  Entertainment Incorporated, as of June 30, 1996 and for the
                  six month period then ended are attached hereto as
                  Attachment 7(a)(iii) and are incorporated herein by this
                  reference.

            (B)   PRO FORMA FINANCIAL INFORMATION
                  -------------------------------
                  The unaudited pro forma historical combined supplemental
                  pooled financial statements of Magic Promotion, Inc. and
                  Movietime Entertainment, Inc. as of and for the year ended
                  December 31, 1995 and as of and for the six months ended
                  June 30, 1996 are attached hereto as Attachment 7(b) and are
                  incorporated herein by this reference.


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      (C)     EXHIBITS

              EXHIBIT                      DESCRIPTION
              -------                      -----------

                 2.1          Agreement and Plan of Merger, dated as of August 
                              28, 1996 by and among the Registrant, MT 
                              Acquisition Sub, Inc., Movietime Entertainment
                              Incorporated ("Movietime") and the shareholders 
                              of Movietime.(1)

                 2.2          Plan and Articles of Merger of MT Acquisition 
                              sub.,Inc., a Florida Corporation, with and into
                              the Registrant as filed with the Secretary of 
                              State of the State of Florida.(2)




1  Incorporated by reference to Exhibit 2.1 to the Company's Current Report on
   Form 8-K, filed with the Commission on September 10, 1996. 
2  Incorporated by reference to Exhibit 2.2 to the Company's Current Report on
   Form 8-K, filed with the Commission on September 10, 1996.

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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 thereunto duly authorized.

                                            MAGICWORKS ENTERTAINMENT
                                            INCORPORATED


Dated:   November __, 1996                  By:/S/BRAD KRASSNER
                                               ----------------
                                                 Brad Krassner,
                                                 Co-Chairman of the Board
                                                 and Chief Executive Officer

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                              INDEX TO ATTACHMENTS




                                                                                
                                                                                
   ATTACHMENT                       DESCRIPTION                                 
- -----------------    -----------------------------------------------------------



7(a)(i)    Audited combined financial statements of Magicworks Entertainment
           Incorporated as of December 31, 1995 and for the year then ended.

7(a)(ii)   Audited historical combined supplemental pooled financial statements
           of Magic Promotion, Inc. and Movietime Entertainment Incorporated as
           of December 31, 1995 and for the year then ended.

7(a)(iii)  Unaudited historical combined supplemental pooled financial
           statements of Magic Promotion, Inc. and Movietime Entertainment
           Incorporated as of and for the year ended December 31, 1995 and as of
           and for the six months ended June 30, 1996.

7(b)       Unaudited pro forma historical combined supplemental pooled financial
           statements of Magic Promotion, Inc. and Magicworks Entertainment
           Incorporated as of June 30, 1996 and for the six month period then
           ended.




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