UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

~~PURSUANT~~Pursuant TO to ~~SECTION~~Section 13 ORor 15(Dd) OFof The Securities Exchange Act of 1934

~~THE~~Date ~~SECURITIES~~ of ~~EXCHANGE~~Report ~~ACT~~(Date OFof ~~1934~~earliest event reported): December 21, 2007

Date of Report (Date of earliest event reported): September 25, 2007

SVI MEDIA, INC.

(~~FORMERLY~~Formerly ~~OXFORD~~ Oxford ~~MEDIA~~Media, ~~INC~~ Inc.)

__________________

(Exact name of registrant as specified in its charter)

NEVADA	000-51125	20-3270909
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

NEVADA

(State or other jurisdiction of incorporation or organization)

000-51125

(Commission File Number)

20-3270909

(I.R.S. Employer Identification Number)

~~One~~1520 ~~Technology~~ W. Altorfer Drive

~~Building H~~Peoria, ~~Irvine, California 92618~~ Illinois 61615-1529

(Address of ~~Principal~~principal ~~Executive~~executive ~~Offices~~offices) (Zip Code)

(~~949~~800) ~~341~~ 255-~~0050~~1143

(Registrant'’s telephone number , including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (~~17CFR~~ 17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~SECTION~~Item 5 2.03 –Creation ~~CORPORATE~~of ~~GOVERNANCE~~a ~~AND~~Direct ~~MANAGEMENT~~Financial Obligation of a Registrant.

~~Item~~On December 521, 2007, the company and its wholly owned subsidiary, OxfordSVI, Inc.~~02.~~(collectively, ~~Departure~~the of“Borrower”), ~~Directors~~executed ora ~~Principal~~Promissory ~~Officers;~~Note ~~Election~~and ofSecurity Agreement ~~Directors;~~(the ~~Appointment~~“Note”) with Cantone Office Center, LLC (the “Lender”), pursuant to which the Borrower may borrow up to $1,500,000 from the Lender, subject to the discretion of ~~Principal~~the ~~Officers~~Lender and other conditions. The initial advance under the Note was $200,000.

~~Appointment~~The Borrower is obligated to repay amounts due under the Note if, as and when “cash collateral” (as defined in the U.S. Bankruptcy Code) becomes available. Outstanding principal under the Note accrues interest at 15% per annum, and the Borrower is required to pay accrued interest on the last day of ~~New~~each ~~Directors~~month. The Borrower is required to repay the entire principle balance of the Note and all accrued and unpaid interest thereon on the first to occur of the following events: (1) March 19, 2008 (the “Maturity Date”), (2) the Borrower receiving permanent financing, (3) the transfer of all or substantially all of the Borrower’s assets, whether through a sale of assets, sale of stock, or any other method of transfer or (4) the Borrower’s default.

OnUpon ~~September~~ the occurrence ~~25,~~of ~~2007,~~(1) the ~~Board~~filing ~~filled~~of a ~~vacancy~~plan onof ~~the~~reorganization ~~Board~~for ~~and~~confirmation ~~appointed~~by ~~Mr.~~ the ~~Paul~~ Borrower, C.(2) ~~Desjourdy~~the tofiling ~~the~~of ~~Board.~~a Itmotion isby ~~undetermined~~the asBorrower seeking to ~~which~~liquidate, sell or ifotherwise ~~any, committees~~dispose ~~Mr.~~of ~~Desjourdy~~any ~~will~~or ~~sit~~all onassets asof athe ~~member.~~Borrower ~~Mr.~~or ~~Desjourdy~~(3) ~~has~~the nofiling of ~~family~~a ~~relationship~~ motion ~~with~~by ~~any~~the ~~other~~Borrower ~~member~~or ofother ~~the~~party ~~Board.~~in ~~Mr.~~interest ~~Desjourdy~~seeking ~~was~~conversion ~~appointed~~or ~~to the~~ dismissal ~~Board~~of at the ~~request~~bankruptcy ofpetition, ~~Cantone~~the ~~Office~~Borrower ~~Center,~~will ~~LLC,~~issue ~~which~~to ~~exercised~~the ~~its~~Lender ~~right~~ shares toof ~~appoint~~ its ~~second~~Series ~~designate~~C toConvertible ~~the~~Preferred ~~Board~~Stock ofrepresenting ~~Directors,~~0.75% ~~which~~of ~~right~~the ~~was afforded~~ Borrower’s ~~Cantone~~total ~~Office~~fully ~~Center~~diluted shares for each $100,000 ~~LLC~~loaned inunder ~~that~~the Note. In the event certain ~~Securities~~pre-petition ~~Purchase Agreement,~~lenders make a ~~copy~~successful credit ofbid ~~which~~for ~~was~~the ~~filed~~Borrower, bythen, ~~this~~in ~~Company~~lieu ~~with~~of ~~its~~issuing ~~Form~~the ~~8-K~~Series ~~filed~~C Convertible ~~on July~~ Preferred 20Stock, ~~2007. Cantone~~the ~~Office~~Borrower ~~Center,~~will ~~LLC~~issue isto athe ~~senior~~Lender ~~lender~~shares toof ~~this~~its common ~~Company~~ stock ~~and~~representing is11.25% ~~also a holder~~ of ~~our~~the ~~Series~~Borrower’s Ctotal ~~preferred~~fully diluted shares.

~~Mr.~~Item ~~Desjourdy, 46, currently serves as President, Chief Executive Officer, Chief Financial Officer, General Counsel, Treasurer, and a Director of Symbollon Pharmaceuticals (SYMBA)~~ 3. ~~Mr.~~02 ~~Desjourdy~~Unregistered ~~has~~Sales served as Chief Executive Officer since June 2005, as President and General Counsel since December 1999, as Chief Financial Officer since July 1996, as Treasurer from May 1994, and as a director since August 1996 for Symbollon Pharmaceuticals. He held the titles of ~~Chief~~Equity Operating Officer from December 1999 to June 2005, Executive Vice President from July 1996 to December 1999, and Vice-President - Finance and Administration of the Company from September 1993 to June 1996Securities. ~~From September 1989 to September 1993, Mr. Desjourdy, a certified public accountant, was an attorney at the law firm of Choate Hall & Stewart.~~

OnReference ~~September 25, 2007, the Board filled two additional vacancies on the Board and appointed Mr. Joshua Thomas and Mr. Alan Benaim to the Board. It~~ is ~~undetermined as~~made to ~~which,~~Item ~~if any, committees Mr~~2.03 ~~Thomas or Mr. Benaim will sit on as a member. Neither Mr. Thomas nor Mr. Benaim has any family relationship with any other member~~ of the Board. Both Mr. Thomas and Mr. Benaim were appointed to the Board at the request of Midsummer Investment Limited, which exercised its right to appoint two designates to the Board of Directors, which right was afforded Midsummer Investment Limited in that certain Securities Exchange Agreement, a copy of which was filed by this ~~Company with its~~ Form 8-K ~~filed on July 20, 2007~~. Both Mr. Thomas and Mr. Benaim are employed by Midsummer Capital, an affiliated entity of Midsummer Investment Limited. Midsummer Investment Limited is a senior lender to this Company and is also a holder of our Series C preferred shares.

Alan Benaim, 34, is a vice president at Midsummer Capital, a New York City based Hedge Fund group that acts as a fundamental investor with a medium-term horizon in exchange-listed small to mid-size growth companies. Mr. Benaim has over nine years experience in investment banking, corporate finance, and principal investing. At Midsummer, Mr. Benaim is involved in the evaluation, due diligence, and execution of investments. Mr. Benaim sits on the Board of Directors of Celsia Technologies Inc, a publicly traded, next generation thermal management technology company.

Prior to Midsummer, Mr. Benaim spent seven years in various roles at JPMorgan Chase based in London and New York, executing a wide spectrum of transactions in mergers and acquisitions advisory, structured finance, bank financing, bond issuance, equity issuance and financial derivatives, across more than 20 countries in the US, Europe, Middle East, Africa and Asia. Mr. Benaim was promoted to Vice President at JPMorgan Chase and is credited with helping to build and develop the European Metals & Mining industry group from the bottom up into the top league table ranked industry group.

Following JPMorgan Chase, Mr. Benaim gained investment experience in both early stage venture capital and middle market private equity, having evaluated and executed investments in companies within the technology, healthcare, security and manufacturing and engineering industries. Mr. Benaim has an MBA from Columbia University Graduate School of Business and a Bachelor of Science degree in Economics from the London School of Economics.

Joshua Thomas, 31, is a vice president at Midsummer Capital, a New York City based Hedge Fund group that acts as a fundamental investor with a medium-term horizon in exchange-listed small to mid-size growth companies. Mr. Joshua Thomas has over seven years of financial markets experience, both in raising capital for public and private companies and in fundamental analysis. At Midsummer, Mr. Thomas is involved in the evaluation and due diligence of potential investments and is the primary contact for deal providers within the firm. Mr. Thomas is the Chairman of the Board of Directors of Identiprise Corp, a privately held enterprise security solutions provider.

Prior to joining Midsummer, Mr. Thomas spent nearly five years in investment banking and equity analysis at Merrill Lynch, ABN AMRO, and Sanford Bernstein. During his tenure in investment banking, Mr. Thomas marketed and executed a variety of transactions, including private placements in public equities, venture financings, and mergers and acquisitions. While at Sanford Bernstein, Mr. Thomas covered broadline retailers and initiated coverage on the department store sector. Mr. Thomas holds a Bachelor of Arts degree in economics from Vanderbilt University.

SIGNATURES

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 hereunto duly authorized.

SVI MEDIA, INC.

~~/s/ LEWIS JAFFE~~ (Registrant)

~~LEWIS~~/s/ ~~JAFFE, Chief Executive Officer~~ MICHAEL T. HARDING

~~Date: October~~Michael 1, T. ~~2007~~Harding

President and Chief Executive Officer

DATE: January 4, 2008

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