U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                           NOTIFICATION OF LATE FILING

                                   FORM 12b-25

               SEC FILE NUMBER 001-12885 CUSIP NUMBER 053577 10 2

                                   (Check One)

[X] Form 10-K and Form 10-KSB [  ] Form 20-F [  ] Form 11-K [  ] Form 10-Q and
Form 10-QSB [  ] Form N-SAR

         For Period Ended:  December 31, 2000

         [  ] Transition Report on Form 10-K
         [  ] Transition Report on Form 20-F
         [  ] Transition Report on Form 11-K
         [  ] Transition Report on Form 10-Q
         [  ] Transition Report on Form N-SAR

         For the Transition Period Ended:

         Nothing in this form shall be  construed  to imply that the  Commission
has verified any information contained herein.

         If the  notification  relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

PART I.  REGISTRANT INFORMATION

Full name of Registrant:  Avenue Entertainment Group, Inc.

Former Name if Applicable:

Address of Principal Executive Office:  11111 Santa Monica, Blvd.

City, State and Zip Code:  Los Angeles, CA 90025

PART II.  RULES 12b25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.

                           (Check box if appropriate)

         (a)  The reasons  described  in  reasonable  detail in Part III of this
              form  could  not be  eliminated  without  unreasonable  effort  or
              expense.


[X] (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F,  Form 11-K, or Form N-SAR,  portion thereof will be filed on or
before the  fifteenth  calendar day following  the  prescribed  due date; or the
subject  quarterly report or transition  report on Form 10-Q, or portion thereof
will be filed on or before the fifth  calendar day following the  prescribed due
date; and

         (c) The  accountant's  statement  or  other  exhibit  required  by Rule
12b-25(c) has been attached if applicable.

PART III.  NARRATIVE

State below in  reasonable  detail the  reasons  why Form 10-K and Form  10-KSB,
20-F,  11-K,  10-Q, or N-SAR, or the transition  report or portion thereof could
not be filed within the prescribed time period.

The Registrant has  encountered  unexpected  difficulties  in compiling  certain
information to be included in the  Registrant's  Form 10-KSB and the information
compiled to date is not complete enough to provide meaningful disclosure.

PART IV.  OTHER INFORMATION

     (1)Name and  telephone  number  of  person  to  contact  in  regard to this
        notification

         Sheri Halfon                 (310)                     996-6800
          (Name)                  (Area Code)                (Telephone No.)

     (2)Have all other  periodic  reports  required under section 13 or 15(d) of
        the Securities  Exchange of 1934 or section 30 of the Investment Company
        Act of 1940 during the  preceding 12 months or for such  shorter  period
        that the registrant  was required to file such report(s) been filed?  If
        answer is no, identify report(s). [X] Yes [ ] No

     (3)Is it anticipated  that any significant  change in results of operations
        from the corresponding period for the last fiscal year will be reflected
        by the  earnings  statement  to be  included  in the  subject  report or
        portion thereof? [X] Yes [ ] No

        If so, attach an explanation of the anticipated change, both narratively
        and  quantitatively,  and,  if  appropriate,  state  the  reasons  why a
        reasonable estimate of the results cannot be made.

     The loss for the twelve-month period ended December 31, 2000 was $1,377,000
     compared to a loss of  $1,370,000  for the same period  ended  December 31,
     1999.  The loss for the  three-month  ended  December 31, 2000 was $442,000
     compared to a loss of $385,000 for the same period ended December 31, 1999.

     The  operating  revenues were  $974,000 for the  twelve-month  period ended
     December 31, 2000 compared to $4,749,000 for the same period ended December
     31, 1999. The revenues for the  three-month  period ended December 31, 2000
     were $104,000 compared to $1,496,000 for the same period ended December 31,
     1999.






                        Avenue Entertainment Group, Inc.
                (Name of Registrant as Specified in its Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.



Date:  March 30, 2001                              BY:  Gene Feldman
                                                        Chairman of the Board