Exhibit 10.7

EMPLOYMENT AGREEMENT

Agreement, made this 23rd day of June, 2003, between Crown Media Holdings, Inc., a Delaware corporation with offices at 6430 South Fiddlers
Green Circle, Greenwood Village, CO 80111 or its permits assigns ("Employer") and William Abbott ("Employee"), 94 Hills Drive, Oyster Bay, NY 11771.

WITNESSETH:

WHEREAS,Employee is currently employed by Crown Media United States, LLC ("CMUS" f.k.a. Odyssey Holdings, LLC), a
subsidiary of Employer, under an employment agreement dated January 27, 2000; and

WHEREAS,Employer desires to extend the employment of Employee and Employee desires to continue to be employed by Employer upon the terms
and conditions set forth:

NOW,
THEREFORE, in consideration of the covenants herein contained, the parties hereto agree as follows:

1.Employment and Duties.



2.Term of Employment.The term of Employee's employment ("Term") with Employer hereunder shall commence on
July 1, 2003 and shall end on February 7, 2007, unless terminated earlier as is provided in Paragraph 8 of this Agreement or extended by mutual agreement of the parties.

3.Compensation.



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4.Place of Employment.During the Term, Employee shall be required to perform Employee's duties at Employer's
offices in New York City or at such other principal location in the New York metropolitan area (or such other location as may be mutually agreeable to Employer and Employee), and Employee shall
undertake all travel required by Employer in connection with the performance of Employee's duties hereunder.

5.Confidentiality, Intellectual Property; Name and Likeness.



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6.Employee's Representations.Employee represents and warrants that:



7.Non-Competition; No Raid.



8.Termination.



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9.Breach; Remedies.Both parties recognize that the services to be rendered under this Agreement by Employee
are special, unique and extraordinary in character, and that in the event of the breach by Employee of the terms and conditions of this Agreement, Employer shall be entitled, inter alia, if it so elects,
 to institute and prosecute proceedings in any court of competent jurisdiction, either in law or in equity, to obtain
damages for any breach of this Agreement, and to seek to enforce the specific performance thereof by Employee, and/or to seek to enjoin Employee from performing services for any other person, firm or
corporation. The parties further stipulate that the law of State of New York shall apply to any dispute of action regarding this Agreement.

10.Assignment.This Agreement is a personal contract and, except as specifically set forth herein, the rights,
interests and obligations of Employee herein may not be sold, transferred, assigned, pledged or hypothecated, although Employee may assign or use as security payments due hereunder from Employer. The
rights and obligations of Employer hereunder shall bind in their entirety the successors and assigns of Employer, although Employer shall remain fully liable hereunder. As used in this Agreement, the
term "successor" shall include any person, firm, corporation or other business entity which at the time, whether by merger, purchase or otherwise, acquires all or substantially all of the assets or
business of Employer.

11.Amendment; Captions.This Agreement contains the entire agreement between the parties. It may not be changed
orally, but only by agreement in writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought. Paragraph headings are for convenience of reference
only and shall not be considered a part of this Agreement. If any clause in this Agreement is found to be unenforceable, illegal or contrary to public policy, the parties agree that this Agreement
shall remain in full force and effect except for such clause.

12.Prior Agreements.This Agreement supersedes and terminates all prior agreements between the parties relating
to the subject matter herein addressed, and sets out the full agreement between the parties concerning its subject matter.

13.Notices.Any notices or other communications required or permitted hereunder shall be in writing and shall
be deemed effective when delivered in person or if mailed, by registered or certified mail, return receipt requested, in which case the notice shall be deemed effective on the date of deposit in the
mails, postage prepaid, addressed to Employee at the address for Employee appearing in Employer's records and, in the case of Employer, addressed to its Chief Executive Officer at the
address first written above. Either party may change the address to which notices are to be addressed by notice in writing given to the other in accordance with the terms hereof.

14.Periods of Time.Whenever in this Agreement there is a period of time specified for the giving of notices or
the taking of action, the period shall be calculated excluding the day on which the giver sends notice and excluding the day on which action to be taken is actually taken.

15.Counterparts.This Agreement may be signed in any number of counterparts, each of which shall be an
original, and all of which, taken together, shall constitute one instrument.

16.Previous Agreement.The previous agreement, dated January 27, 2000, between CMUS and Employee will be
terminated, effective on the date of full execution of this Agreement, and will on that date have no further force or effect.

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IN WITNESS WHEREOF,Employer has by its appropriate officer signed this Agreement and Employee has signed this Agreement as of the day and
year first above written.

| |  | CROWN MEDIA HOLDINGS, INC.        
| |  | ----------------------------------
| |  | By                                
| |  | Title                             
| |  | EMPLOYEE                          
| |  | /s/WILLIAM J. ABBOTTWilliam Abbott

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