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

~~Form~~ FORM 8-K

CURRENT REPORT ~~PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~Date~~Pursuant ofto ~~report~~Section 13 or 15(~~Date~~d) of ~~earliest~~the ~~event~~Securities ~~reported):~~Exchange ~~December 29,~~Act ~~2000~~of 1934

~~GlobalMedia.com (Exact Name~~ Date of ~~Registrant~~Report: asJanuary ~~Specified~~23, in2001 ~~Its Charter)~~

~~Nevada~~GlobalMedia.com (~~State~~Exact orname ~~Other~~of ~~Jurisdiction~~registrant ofas ~~Incorporation~~specified in its charter)

0-23491		91-1842480
(Commission File Number)		(IRS Employer Identification No.)
400 Robson Street, Vancouver, BC Canada		V6B 2B4
(Address of Principal Executive Offices)		(Zip Code)

Nevada
(State or other jurisdiction
of incorporation or organization)

91-1842480
(I.R.S. Employer
Identification No.)

~~(604) 688-9994 (Registrant's~~400 ~~Telephone~~Robson ~~Number~~Street Vancouver, ~~Including~~B.C. CANADA ~~Area Code)~~ V6B 2B4

~~Item~~(Address 5.of ~~Other~~principal ~~Events.~~ executive offices)(Zip Code)

~~On December 29, 2000, GlobalMedia.com~~ (~~the "Company"~~604) announced a major restructuring of its business, including the sale of its radio contracts and related assets to SurferNETWORK.com in exchange for cash and equity under the terms of a non-binding letter of intent between the companies. Closing of the transaction is expected to be in late January ~~2001, subject to the completion of due diligence and the execution of definitive agreements. The Company will now focus on video delivery over the Internet.~~ 688-9994

~~The Company~~(Registrant's ~~press~~telephone ~~release~~number, ~~dated~~including ~~December 29,~~area ~~2000,~~code) ~~announcing the restructuring, is filed as an exhibit to this Current Report on Form 8-K.~~

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

~~SIGNATURES~~Item 5. Other Events

~~Pursuant~~The toCompany ~~the~~is ~~requirements~~filing ofthis ~~the~~Current ~~Securities~~Report ~~Exchange~~on ~~Act~~Form 8-K ofin ~~1934,~~order ~~the~~to ~~registrant~~provide ~~has~~the ~~duly~~information ~~caused~~contained ~~this~~in ~~report~~its topress berelease ~~signed~~dated January 23, on2001, ~~its~~which ~~behalf~~is byincluded ~~the~~as ~~undersigned hereunto~~Exhibit 99.1 ~~duly~~to ~~authorized~~this report.

		GLOBALMEDIA.COM (Registrant)
Dated: January 5, 2001		By:		/s/ BARR POTTER Barr Potter President and Chief Executive Officer

Item 7. Financial Statements and Exhibits.

(c)

Exhibits:

99.1: GlobalMedia.com Press Release dated January 23, 2001.

SIGNATURE

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 thereunder duly authorized.

GLOBALMEDIA.COM (Registrant)
By	Barr Potter
	/s/ BARR POTTER Barr Potter, President and Chief Operating Officer January 26, 2001

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SIGNATURE

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