Registration No. 33-80019
                                                      Filed Under Rule 424(b)(3)



                             UNAPIX ENTERTAINMENT, INC.
                                          
                        SUPPLEMENT NO. 4 DATED JUNE 29, 1998
                       TO PROSPECTUS DATED FEBRUARY 16, 1996
                     AS PREVIOUSLY SUPPLEMENTED BY SUPPLEMENTS
                    DATED OCTOBER 31, 1996, AUGUST 1, 1996 AND 
                                    MAY 15, 1996
                                          
                                          
     During June 1998 all of the Company's Class B Redeemable Warrants 
("Class B Warrants") were exercised.  Each Class B Warrant entitled the 
holder to purchase 1.05 shares of the Company's common stock, $.01 par value 
per share ("Common Stock"), for a price of $4.50.  An aggregate of 1,343,968 
Class B Warrants were exercised.  After giving effect to the exercise of the 
Class B Warrants, the Company has approximately 7,500,000 shares of Common 
Stock outstanding.
 
     Terms used herein and not otherwise defined shall have the meaning 
ascribed thereto in the Prospectus.