KOGAN & TAUBMAN, LLC
                             39 Broadway, Suite 2704
                            New York, New York 10006
                                 (212) 425-8200



                                November 10, 1999

Streamedia Communications, Inc.
244 West 54th Street
New York, New York  10019

         Re:      Registration Statement on Form SB-2
                  Offering of 1,000,000 Units

Gentlemen:

I  have  acted  as  counsel  to  Streamedia  Communications,  Inc.,  a  Delaware
corporation  (the  "Company"),  in connection  with the  registration  under the
Securities Act of 1933, as amended,  (the "Securities  Act"), of 1,000,000 units
(the "Units"), each consisting of one share of common stock $.001 par value (the
"Common  Stock") and one warrant  entitling  the holder to purchase one share of
common stock at $12.75 per share (the  "Warrants"),  to be offered to the public
by the Company in a firm commitment  underwriting by Redstone  Securities,  Inc.
The  Registration  Statement  (defined below) also includes  150,000  additional
Units to cover over-allotments, if any.

Amendment  Number  Two to a  registration  statement  on  Form  SB-2  which  was
previously  filed on May 17, 1999, is being filed  herewith  (the  "Registration
Statement"). In connection with rendering this opinion, I have examined executed
copies of the  Registration  Statement  and all  exhibits  thereto.  I have also
examined and relied upon the original,  or copies  certified to my satisfaction,
of (i) the Articles of  Incorporation  and By-laws of the Company,  (ii) minutes
and records of the  corporate  proceedings  of the Company  with  respect to the
issuance of the Units to be offered and  related  matters,  and (iii) such other
agreements  and  instruments  relating to the Company as I deemed  necessary  or
appropriate  for purposes of the opinion  expressed  herein.  In rendering  such
opinion,  I have made such further  investigation and inquiries  relevant to the
transaction  contemplated  by  the  Registration  Statement  as  I  have  deemed
necessary for the opinion expressed  herein,  and I have relied, to the extent I
deemed reasonable,  on certificates and certain other information provided to me
by officers of the Company and public  officials  as to matters of fact of which
the maker of such certificate or the person providing such other information had
knowledge.

Furthermore,  in rendering my opinion, I have assumed that the signatures on all
documents  examined by me are genuine,  that all documents and corporate  record
books  submitted to me as originals  are  accurate  and  complete,  and that all
documents submitted to me are true, correct and complete copies of the originals
thereof.
Based upon the  foregoing,  I am of the opinion  that the Units,  and the Common
Stock and  Warrants  of which they are  comprised,  to be issued and sold by the
Company as described in the Registration Statement have been duly authorized for
issuance  and  sale  and when  issued  by the  Company  against  payment  of the
consideration therefor pursuant to the terms of the Underwriting Agreement, will
be legally issued, fully paid and nonassessable.

I hereby consent to the filing of this opinion as an exhibit to the Registration
Statement.



                                                         Very truly yours,

                                                      Kogan & Taubman, L.L.C.


                                                    By:_______/s/____________
                                                        Louis E. Taubman