Exhibit

10.57




 




Employment Agreement




 




This Employment Agreement

(the “Agreement”) is entered into by and between Media Arts Group, Inc. (the

“Company”) and Anthony D. Thomopoulos (“Executive”), as of the 16 day of

September 2002.




 




The Company hereby

employs Executive and Executive hereby accepts such employment, upon the terms

and conditions hereinafter set forth, commencing on August 8, 2002 and

continuing until either party notifies the other in writing of its intention to

terminate this Agreement.  Termination

of this Agreement by either party will be effective on the termination date set

forth in such notice.




 




Executive shall

serve during the course of his employment as interim Chief Executive Officer of

the Company, and shall have such other duties and responsibilities as the Board

of Directors of the Company shall determine from time to time.  For the term of this Agreement, Executive

shall report to the Board of Directors of the Company.




 




The Company will

pay to Executive a base salary at the rate of $500,000 per year.  Such salary shall be earned semi-monthly and

shall be payable in periodic installments no less frequently than semi-monthly

in accordance with the Company’s customary practices.  Amounts payable shall be reduced by standard withholding and

other authorized deductions.  Any and

all other payments and benefits, if any (including, any incentive bonus), shall

be at the discretion of the Board of Directors.




 




Executive shall be

entitled to receive prompt reimbursement for all reasonable employment expenses

incurred by him in accordance with the policies, practices and procedures as in

effect generally with respect to other peer executives of the Company.  Executive shall be entitled to paid vacation

in accordance with the plans, policies, programs and practices as in effect

generally with respect to other peer executives of the Company.  The Company reserves the right to modify,

suspend or discontinue any and all of the above plans, practices, policies and programs

at any time without recourse by Executive so long as such action is taken

generally with respect to other similarly situated peer executives and does not

single out Executive.




 




This Agreement is

personal to Executive and shall not, without the prior written consent of the

Company, be assignable by Executive. 

This Agreement may not be amended or modified other than by a written

agreement executed by Executive and the Company.  This Agreement shall be deemed to have been executed and

delivered within the State of California, and the rights and obligations of the

parties hereunder shall be construed and enforced in accordance with, and

governed by, by the laws of the State of California without regard to

principles of conflict of laws.  This




 




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Agreement is being

executed in one or more counterparts, each of which shall be deemed an

original, but all of which together shall constitute one and the same

instrument.  Photographic copies of such

signed counterparts may be used in lieu of the originals for any purpose.




 




In witness whereof, the

parties hereto have executed this Agreement as of the date first above written.




 




	

  MEDIA ARTS GROUP, INC.


  	

  /s/ Anthony D.

  Thomopoulos


  	

   


  
	

   


  	

  Anthony D. Thomopoulos


  
	

   


  	

   


  
	

  By 


  	

  /s/ Herbert D.

  Montgomery


  	

   


  	

   


  
	

  Its 


  	

  EVP & CFO


  	

   


  	

   


  
	

   


  	

   


  	

   


  	

   


  
	

  By 


  	

  /s/ Robert Murray


  	

   


  	

   


  
	

   


  	

  VP, General Counsel


  	

   


  	

   


  





 




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