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                  UNITED STATES
             Washington, D.C. 20549

                  FORM 12b-25
           NOTIFICATION OF LATE FILING                  SEC FILE NUMBER: 0-25308
                                                       CUSIP NUMBER: 690337-10-0

(Check One):   [ X ] Form 10-K and Form 10-KSB [  ] Form 11-K [  ] Form 20-F
               [  ]Form 10-Q and Form 10-QSB [  ] Form N-SAR

               For Period Ended: December 31, 2002
               [  ] 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: __________________________

  Read Instructions (on back page) Before Preparing Form. Please Print or Type.
    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

                             FIRST LOOK MEDIA, INC.
                             Full Name of Registrant

                            Former Name if Applicable

                        8000 Sunset Boulevard, Suite B310
            Address of Principal Executive Office (Street and Number)

                          Los Angeles, California 90046
                            City, State and Zip Code

                       PART II - RULES 12b-25 (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

          (b)  The subject annual report,  semi-annual report, transition report
               on Form 10-K, Form 20-F,  11-K,  Form N-SAR, or portion  thereof,
  [ X ]        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 the Form 10-K and Form 10-KSB,
11-K, 10-Q and Form 10-QSB,  N-SAR, or the transition report or portion thereof,
could not be filed within the  prescribed  time period.  (Attach Extra Sheets if

The Company's Annual Report on Form 10-K for the year ended December 31, 2002
could not be completed in time without unreasonable effort and expense to the
Company due to protracted discussions among the Company's management,
independent auditors and lender under the Company's credit facility relating to
the Company's financial performance and industry-wide changes in revenue
recognition practices.

                           PART IV - OTHER INFORMATION

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

     Douglas McClure, Esq.                      (323)               337-1000
     -----------------------             ----------------       ---------------
           (Name)                           (Area Code)      (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act 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 reports) 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  statements  to be  included  in the  subject  report  or  portion

                                                   [ 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.

It is  anticipated  that the Form 10-K will  reflect  the  following  changes in
results of operations from the prior fiscal year:

The Company's  revenues for the year ended  December 31, 2002 are expected to be
approximately  $26.7 million,  compared to  approximately  $35.1 million for the
year ended  December 31, 2001.  This decrease was primarily due to lower revenue
from the licensing of distribution rights to third party distributors related to
the general downturn in the economy and specifically, the financial difficulties
of  broadcasters  worldwide.  The  Company  expects  to  record  a net  loss  of
approximately  $9.3 million for the year ended December 31, 2002,  compared to a
net loss of  approximately  $3.8  million for the year ended  December 31, 2001.
This  increase  primarily  resulted  from lower  revenues,  increased  film cost
write-downs and increased bad debts related to the above.

                             FIRST LOOK MEDIA, INC.
                  (Name of Registrant as Specified in Charter)

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

Date:      April 1, 2003          By:  /s/ William F. Lischak
       -------------------------     -------------------------------------------
                                     William F. Lischak, Chief Operating Officer
                                       and Chief Financial Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

   Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (See 18 U.S.C. 1001).