UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

~~April~~June 2413, 2007

Date of report (Date of earliest event reported)

K-tel International, Inc.

(Exact name of registrant as specified in its charter)

Minnesota	1-07115	41-0946588
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

2491 Xenium Lane North

Plymouth, Minnesota 55441

(Address of principal executive offices, including zip code)

(763) 559-5566

(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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

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

Item 8.01 OTHER EVENTS.

On ~~April~~June 2414, 2007, K-tel International, Inc. (the “Company”) issued a press release announcing that onthe ~~Tuesday, April~~Company ~~24,~~set ~~2007,~~a itrecord ~~filed~~date ~~with~~of July ~~the~~17, ~~Securities~~2007 ~~and~~for ~~Exchange~~shareholders ~~Commission~~of ~~Amendment No.~~record 1 to take ~~its~~part ~~Schedule 13E-3~~ in ~~connection~~the ~~with~~proposed ~~a 1-for-5,000~~ reverse split of the Company’s common stock intended to take the Company private, ~~(the~~which ~~“Reverse Split”). Amendment~~was ~~No.~~originally 1announced ~~was~~on ~~filed~~January to9, ~~among~~2007. Under ~~other~~the ~~things,~~terms ~~reflect~~of ~~an increase in~~ the ~~amount~~reverse split, toeach be5,000 ~~paid~~shares toof the Company’s ~~shareholders~~ ~~owning~~common ~~fractional~~stock ~~shares~~will ~~after~~be ~~the~~converted ~~Reverse~~into one ~~Split~~share ~~from~~of ~~$.0625~~common ~~to $.095~~stock ~~per~~and ~~share,~~holders inof ~~accordance~~fewer ~~with~~than ~~the~~5,000 ~~determination~~shares byof ~~the Special Committee~~common ofstock on the ~~Company’s~~record ~~Board~~date ofwill ~~Directors~~receive ~~that~~cash of $.095 per pre-split share. Immediately isfollowing ~~fair~~the toreverse ~~its~~split, the ~~shareholders. A~~Company ~~copy~~will ofeffect a 5,000-for-1 forward split so that the ~~press release~~number ~~issued~~of shares held by ~~the~~each ~~Company~~holder isof ~~attached~~at ~~hereto~~least asone ~~Exhibit~~share ~~99.1~~of ~~and~~common isstock following the reverse ~~incorporated~~split ~~herein~~will byultimately ~~reference~~be unchanged.

A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Number		Exhibit
99.1		K-tel International, Inc. Press Release, dated ~~April~~June 2414, 2007

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.

	~~K-tel International, Inc.~~	K-tel International, Inc.
Date: April 24, 2007	By:	/s/ Philip Kives
Date: June 14, 2007		By:	/s/ Philip Kives
	~~Name: Philip Kives~~	Name: Philip Kives
	~~Title: President and Chief Executive Officer~~	Title: President and Chief Executive Officer

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