UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

January 22, 2004

CINAR Corporation

(Translation of registrant’s name into English)

1055, René-~~Lévesque~~Levesque Blvd East, Montréal, Quebec, Canada H2L 4S5 (Address of principal executive offices)

[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F]

Form 20-F __|_| Form 40-F |X|

[Indicate by checkmark whether the registrant, by furnishing the information contained in this Form, is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange act of 1934.

Yes __|_| No |X|

[If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2 (b): 82- __________

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorised.

		CINAR Corporation
		(Registrant)

Date: January 22, 2004
	By:	/s/ Stuart Snyder
		Stuart Snyder President & CEO

The following attached document is filed under this Form 6-K: EXHIBIT A: Press Release dated January 22, 2004 - CINAR ~~MAILED~~BOARD ~~NOTICE~~AND OFPRESIDENT ~~SPECIAL~~TO ~~MEETING~~STEP ~~AND~~DOWN ~~MANAGEMENT~~UPON ~~PROXY~~CLOSE ~~CIRCULAR~~OF TRANSACTION

TO:	News editors and directors, assignment editors, journalists and columnists: business, finance and communications news

FROM:

CINAR

DATE:

January 22, 2004

RE:	For immediate release

CINAR ~~ISSUES~~BOARD ~~NOTICE~~AND PRESIDENT TO STEP DOWN UPON CLOSE OF ~~SPECIAL~~TRANSACTION ~~MEETING~~Stuart ~~AND~~Snyder ~~MANAGEMENT~~to ~~PROXY~~Remain ~~CIRCULAR~~CEO Through Closing

Montreal (Quebec) Canada -– CINAR Corporation ~~issued~~(CINAR) ~~the~~announced ~~Notice~~in ofits ~~Special Meeting and~~ Management Proxy Circular mailed to shareholders ~~today~~yesterday that, ~~respecting~~should the arrangement providing for the acquisition of ~~the~~all ~~Company~~outstanding shares of CINAR by an investor group comprised of Michael Hirsh, Toper Taylor and TD Capital Canadian Private Equity Partners. ~~The~~be ~~documents~~approved ~~confirm~~at ~~that~~ the ~~meeting~~Special ~~will~~Meeting to be held on February 17, 2004, atthe ~~11:00~~current ~~A.M.~~Board inof ~~the~~Directors ~~Salon~~will ~~Hochelaga~~be 4replaced ofby persons representing the ~~Fairmont~~investor ~~Queen~~group. ~~Elizabeth~~The ~~Hotel,~~employment ~~900~~contracts ~~René-Lévesque~~of ~~Boulevard~~certain ~~West,~~senior ~~Montreal,~~executives ~~Quebec,~~will ~~Canada~~also be affected. ~~Only~~Stuart ~~shareholders~~Snyder, ~~duly~~President ~~registered~~and asChief ofExecutive Officer, will leave the ~~close~~Company ofupon ~~business~~completion onof ~~January~~the 16transaction, ~~2004,~~but ~~will~~remains bein ~~entitled~~his toposition ~~vote~~as atPresident ~~this~~and ~~special~~CEO ~~meeting~~until that date.

~~Under~~“Throughout ~~the~~our ~~terms~~lengthy ~~of the arrangement~~negotiations, ~~CINAR shareholders will receive US$3~~Messrs.60 ~~per~~Després ~~share~~and inSnyder ~~cash.~~demonstrated Intheir ~~addition,~~absolute ~~the~~dedication ~~arrangement calls for a pro rata distribution~~ to ~~CINAR~~maximizing ~~shareholders of~~ the ~~potential~~value ~~net proceeds, if any, from the settlement~~ of ~~certain outstanding litigation. The arrangement requires~~ the ~~approval of 2/3 of the holders of Multiple Voting Shares and 2/3 of the holders of Limited Voting Shares~~Company,” ~~each~~said ~~voting~~Michael ~~as a separate class~~Hirsh. ~~The~~“I ~~Company’s~~am ~~founders~~pleased that, ~~who hold~~ in ~~aggregate~~a ~~approximately~~spirit ~~96%~~ of ~~the~~mutual ~~outstanding Multiple Voting Shares~~respect, we have ~~irrevocably~~been ~~agreed~~able to ~~vote~~reach ~~their~~an ~~shares~~agreement inthat ~~favour~~we ofcan ~~the~~submit ~~arrangement~~to CINAR shareholders.”

~~CINAR’s~~“We ~~Board~~met ofmany ~~Directors~~potential ~~has~~purchasers ~~determined~~before ~~that~~establishing ~~the~~our ~~arrangement~~agreement iswith inMr. ~~the~~Hirsh’s ~~best~~group ~~interests~~and ofit ~~CINAR.~~is ~~Accordingly~~clear, ~~the~~in ~~Board~~my ~~has~~opinion ~~unanimously approved the arrangement~~ and ~~recommends~~ that ~~CINAR~~of ~~shareholders~~the ~~vote~~Board, ~~for~~that ~~the~~his ~~arrangement~~group ~~resolution~~has at the ~~special~~financial ~~meeting.~~resources, ~~“We~~expertise ~~met~~and ~~many~~background ~~potential~~in ~~purchasers~~the ~~before~~industry ~~negotiating~~to ~~this~~advance ~~arrangement~~CINAR ~~and~~to ita isnew ~~clear~~level ~~that~~while itproviding ~~provides~~ shareholders with fair value,” ~~said~~for ~~Robert~~the ~~Després~~Company,” ~~Chairman~~said ofCINAR ~~the Board. “On behalf of the Board~~Chairman, IRobert ~~am very pleased to recommend this agreement to our shareholders~~Despres.”

~~Furthermore,~~“I want to take this opportunity to offer my very sincere personal thanks and that of the ~~Company’s~~Board ~~financial~~to ~~advisor~~Stuart Snyder, ~~Merrill~~who, ~~Lynch~~since joining CINAR, ~~has~~succeeded ~~determined~~with ~~that~~his management team in reinvigorating the ~~aggregate~~Company ~~consideration~~and ~~payable~~increasing ~~under~~shareholder value. Once the ~~arrangement~~decision iswas ~~fair~~made ~~from~~to asell ~~financial~~the ~~point~~Company, ofMr. ~~view~~Snyder assumed full responsibility for the process, devoting immeasurable energy and effort to ~~CINAR~~finalizing ~~shareholders~~this agreement,” Mr. Després concluded.

~~The~~“For ~~Notice~~me,” ofsaid ~~Special~~Stuart ~~Meeting~~Snyder, “the CINAR experience has been exciting and ~~Management~~stimulating. ~~Proxy~~I ~~Circular~~want ~~will~~to ~~also~~express bemy ~~available~~heartfelt onthanks to the ~~System~~Board for ~~Electronic~~its ~~Document~~support ~~Analysis~~during my tenure with the Company as well as to our management team and ~~Retrieval~~our ~~(SEDAR)~~employees atwhose ~~www.sedar.com~~creativity, efforts and onenthusiasm ~~CINAR’s~~under ~~website~~challenging ~~www.cinar.com.~~circumstances ~~These~~have ~~documents~~contributed ~~can~~so much to CINAR. I also bewant ~~obtained~~to ~~from~~express ~~the~~my ~~Electronic~~appreciation ~~Data~~to ~~Gathering,~~Michael ~~Analysis~~Hirsh, ~~and~~Toper ~~Retrieval~~Taylor ~~system~~and ~~(EDGAR)~~TD atCapital ~~www.sec.gov/edgar.shtml~~Canadian .Equity ~~Copies~~Partners ~~can~~for betheir ~~obtained~~constructive asnegotiations ~~well~~and ~~from~~perseverance during the ~~Company’s~~process. ~~Secretary~~It atis ~~1055~~a ~~René-Lévesque~~pleasure ~~Blvd.~~working ~~East,~~with ~~Montreal~~them ~~(Qc),~~to ~~H2L~~assure ~~4S5,~~a ~~Tel:~~smooth ~~(514)~~transition ~~843-7070~~and I wish them every success with the Company.

CINAR Corporation is an integrated entertainment and education company involved in the development, production, post-production and worldwide distribution of non-violent, quality programming and educational products for children and families.

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Information:

Nathalie Bourque
(514) 843-2309

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