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





                                                          November 29, 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 Three to a  registration  statement on Form SB-2 that
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