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, 2001

         [  ] 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)                    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, 2001 was $1,025,770
     compared to a loss of $976,430 for the same period ended December 31, 2000.
     The loss for the three month period ended December 31, 2001 was $203,095
     compared to a loss of $41,830 for the same period ended December 31, 2000.

     The operating revenues were $996,240 for the twelve month period ended
     December 31, 2001 compared to $974,180 for the same period ended December
     31, 2000. The revenues for the three month period ended December 31, 2001
     were $378,707compared to $103,741 for the same period ended December 31,
     2000.





                        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:  April 1, 2002                               Gene Feldman
                                                   Chairman of the Board