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Exhibit 10.3

                               THE PLAYERS NETWORK
                              EMPLOYMENT AGREEMENT
            CHIEF EXECUTIVE OFFICER, PRESIDENT AND EXECUTIVE PRODUCER


         THIS EMPLOYMENT  AGREEMENT (this  "AGREEMENT") is made as of January 1,
2000,  by and  between  Mark  Bradley  Feldgreber  ("EMPLOYEE")  and The Players
Network, a Nevada corporation ("EMPLOYER").

         WHEREAS,  Employee is the founder and a major continuing creative force
within Employer and essential to its growth and development.

         WHEREAS,  Employee's abilities and services are unique and essential to
the prospects of Employer.

         WHEREAS,  Employer  desires to employ  Employee  as its  president  and
executive  producer,  and Employer desires to retain Employee as a member of its
board of directors, and Employee desires to accept such positions, including the
directorship subject to shareholder approval.

                                A G R E E M E N T

         NOW,  THEREFORE,  in  consideration  of the mutual  covenants set forth
below, the parties hereby agree as follows.

         CONDITION  PRECEDENT:  The duties of  both of the  parties  hereto are
expressly  conditioned  on the  approval of this  Agreement by a majority of the
disinterested members of the board of directors.

         SECTION 1.  EMPLOYMENT.

                  1.1 TERM.  Employer shall employ Employee,  and Employee shall
serve  Employer  for five (5) years  commencing  on the date of this  Agreement,
subject to the provisions set forth below.

                  1.2      DUTIES.

                  (A)  CAPACITY.  So long as he is  employed  by  Employer,  but
subject to the final two sentences of this paragraph, Employee shall be employed
as Employer's  Chief  Executive  Officer,  President and Executive  Producer and
shall  perform such duties as are  generally  applicable  to an employee in such
position,  including, but not limited to those duties determined by the Board of
Directors of Employer. In such capacities, Employee shall be responsible for the
day-to-day  operations of Employer's  business,  the  implementation of policies
established by the board of directors and the control of the creative  direction
of Employer and maintenance of its overall image. The parties  recognize that as
Employer's business grows and becomes more complicated, diverse and demanding of
executive management,  Employer expects to hire additional  individuals who will
assume some of the duties for which Employee is currently responsible,  and will
likely give such  individuals the office and title of Chief  Executive  Officer,

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President  or Executive  Producer.  As and when one or more  individuals  are so
hired by Employer to undertake  some portion or portions of  Employee's  current
duties,  the balance of his duties and titles  shall remain  unaffected  and his
compensation from Employer shall remain unaffected.

                  (B) SCHEDULE. So long as he is employed by Employer,  Employee
shall serve on a substantially  full-time  basis and shall devote  substantially
all of  Employee's  working time and  attention as necessary to  faithfully  and
fully  carry-out  his duties;  provided,  however,  Employee  may (i) serve as a
director  of other  business  organizations,  (ii)  devote time to and invest in
noncompeting side activities,  provided that such activities do not individually
or in  the  aggregate  interfere  with  his  duties  so as to  adversely  affect
Employer's  business and provided the Board of Directors of Employer consents in
writing thereto.  Employee may purchase  securities in any company provided that
such purchase shall not result in his owning beneficially at any time 10 percent
or  more  of  the  equity  securities  of  such  entity  engaged  in a  business
competitive to that of Employer.  Employee shall at all times perform his duties
and obligations faithfully and diligently and to the best of Employee's ability.

                  (C) KEY MAN INSURANCE. Employer may for its benefit and at its
own expense  insure  Employer's  life.  Employee  shall submit to such  physical
examination  and  supply  such  information  as may be  reasonably  required  in
connection therewith.

                  1.3  COMPENSATION.  As  compensation  for the  services  to be
rendered  during such period and the other  obligations  undertaken  by Employee
hereunder, Employee shall be entitled to the following compensation:

                  (A) SALARY. Subject to increase pursuant to the cost of living
adjustment described below, Employer shall pay to Employee an annual base salary
of One Hundred Thousand Dollars  ($100,000) during the first year of the term of
this Agreement,  One Hundred Twenty-Five  Thousand Dollars ($125,000) during the
second year and One Hundred Fifty Thousand Dollars  ($150,000)  during the third
and  subsequent  years of the term of this Agreement (the "BASE SALARY") or such
greater amount as may be determined  upon a review of Employee's  performance to
be  undertaken  by  Employer's  Board of Directors  (the  "BOARD"),  at its sole
discretion,  at least  once  annually  and which has been  approved  by at least
fifty-one percent (51%) of the members of the Board.  Installments of Employee's
Base Salary shall be payable at least  biweekly.  Employee's  Base Salary at the
commencement of the second and each subsequent year shall be adjusted to provide
for all cost of living increases based upon the percentage  increase (if any) in
the  Consumer  Price  Index  for All Urban  Consumers  (1967=100;  All  Cities),
prepared  by the United  States  Bureau of Labor  Statistics,  or any  successor
thereto, over said Index in effect at the commencement of the preceding calendar
year.

                  (B) EXECUTIVE PRODUCER ROYALTY.  Employer shall pay Employee a
royalty   ("Executive   Producer   Royalty")   with  respect  to   instructional
videoprograms,  gambling news broadcasts or other programs or shows,  such as PN
News,  Inside the Books,  Neon Buzz,  Tournaments  Today and Game Watch (each, a
"product")  presented  in any  medium,  which  meet all  three of the  following
criteria:

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                  (i) The product is directly or indirectly supervised in all of
its  development  and  execution  by  Employee  as primary or  co-supervisor  or
overseeing executive; and

                  (ii) The product is licensed,  sold or otherwise  exploited by
entities other than Employer; and

                  (iii) Such other entities pay a fee, royalty, rental, purchase
price or other  payment to  Employer  in  exchange  for a license in any and all
broadcast and distribution media and markets or title to the product.

If all of the  foregoing  criteria are met with  respect to a product,  Employer
shall account in writing for and pay to Employee the Executive  Producer Royalty
in an amount equal to ten percent (10%) of all amounts described in clause (iii)
immediately  above received by Employer during the preceding  calendar  quarter.
Employer shall pay to Employee the Executive Producer Royalty within twenty (20)
days  following  each  calendar  quarter   notwithstanding   the  expiration  or
termination of this Agreement. Employer shall pay the Executive Producer Royalty
to Employee's estate and  successors-in-interest  following his death.  Employee
and his  successors  in  interest  shall  have the  right to audit the books and
records of Employer to determine whether the Executive Producer Royalty has been
paid  properly  in  accordance   with  the   requirements   of  this  Agreement,
notwithstanding the expiration or termination of this Agreement.

                  (C) BENEFITS. Employee shall be entitled to participate in all
employee  benefit  programs  established  by the  Board  from  time to time  for
employees  or  executives  of Employer to the extent that  executives  or senior
management  employees of Employer  generally are eligible to participate in such
programs.  Employee shall be further entitled to an annual paid vacation of four
(4) weeks and other benefits in accordance with Employer's policies as from time
to time established by the Board and the following: $500,000 term life insurance
(with beneficiary to be designated by Employee);  disability  insurance covering
seventy  percent  (70%) of  Employee's  monthly  compensation;  full medical and
dental  insurance for Employee and his immediate  family,  automobile  operating
insurance  and  maintenance  expenses;  automobile  lease  payments;  cell phone
acquisition and operating expenses; and Young Presidents Organization dues.

                  (D)  PERFORMANCE  BONUS AND WARRANTS  AGREEMENT.  Concurrently
with  execution of this  Employment  Agreement,  the parties  shall enter into a
Performance Bonus and Warrants Agreement.

                  (E)  REIMBURSEMENT  OF  EXPENSES.  Subject  to such  rules and
procedures  which  from  time to time are  reasonably  specified  by the  Board,
Employer shall reimburse Employee for reasonable and necessary business expenses
incurred in the performance of Employee's duties under this Agreement, including
without limitation travel, entertainment, gifts and promotional expenses.

                  (F) SEVERANCE  COMPENSATION FOR TERMINATION  WITHOUT CAUSE. In
the event that  Employee's  employment  is terminated by Employer for any reason
(other  than as a  result  of the  termination  of this  Agreement  pursuant  to
SECTIONS  3.1, 3.2 OR 3.3) (an  "INVOLUNTARY  TERMINATION"),  Employee  shall be
entitled to receive  from  Employer an amount equal to  Employee's  then-current
Base Salary during the period commencing on the effective date of an Involuntary

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Termination  and ending  thirty-six (36) months after the date of an Involuntary
Termination.  Such amount shall be paid in equal biweekly installments over such
thirty-six-month  period, with the first such payment to be made within fourteen
(14) days of the date of such termination. The Company shall continue to pay all
of Employee's  automobile  lease,  operating,  insurance and  maintenance  costs
during said  thirty-six-month  period.  At the  Company's  expense  Employee and
Employee's  family  also  shall be  entitled  to  continue  to be covered by all
benefits  generally  described above and in effect immediately prior to the date
of Employee's termination,  for a period of sixty (60) months thereafter. In the
event Employee is ineligible under the terms of such insurance to continue to be
covered,   the  Company  shall  provide  Employee  and  Employee's  family  with
substantially equivalent coverage through other sources or will provide Employee
with  a lump  sum  payment  equal  to  the  agreed  upon  present  value  of the
continuation of such insurance coverage to which Employee is entitled under this
SECTION 1.3(D).

                  (G) STOCK VESTING  ACCELERATION.  In the event  Employee dies,
becomes disabled,  is dismissed from Employer's employment without cause, or his
employment  is  terminated  by him for Good  Reason  (defined  below),  then all
unvested and  unexercisable  stock  options and  warrants  issued by Employer to
Employee shall then accelerate, vest and be exercisable immediately.

         SECTION 2.   NONDISCLOSURE AND NONCOMPETITION.

                  2.1  NONDISCLOSURE.   Employee  recognizes  the  interests  of
Employer in maintaining the confidential  nature of its  proprietary,  and other
business and commercial  information.  In consideration thereof,  Employee shall
not (except as  authorized  in writing by Employer or in the ordinary and normal
course of performing his duties hereunder)  during his employment  hereunder and
for a  period  ending  one (1) year  after  the date  Employee's  employment  by
Employer is terminated for any reason, directly or indirectly, publish, disclose
or use, or  authorize  anyone else to  publish,  disclose or use,  any secret or
confidential matter, or proprietary or other information not otherwise available
in the public domain and acquired by Employee during his employment hereunder or
through  representation  on  Employer's  Board,  relating  to any  aspect of the
operations,   activities,  or  obligations  of  Employer,   including,   without
limitation,  any  confidential  material or  information  relating to Employer's
business,  customers,  suppliers,  trade or industrial practices, trade secrets,
technology,  know-how  or  intellectual  property.  All  records,  files,  data,
documents and the like relating to suppliers, customers, costs, prices, systems,
methods, personnel,  equipment and other materials relating to Employer shall be
and remain  the sole  property  of  Employer.  Upon  termination  of  Employee's
employment  hereunder,  Employee  shall not remove from  Employer's  premises or
retain any of the materials described in this SECTION 2.1, except with the prior
written  consent of Employer  and all such  materials in  Employee's  possession
shall be delivered promptly to Employer.

                  2.2 NONCOMPETITION. Employee covenants and agrees that, except
for activities which are expressly permitted by SECTION 1.2(B):

                  (A) So long as he is employed by Employer, Employee shall not,
without the prior written  consent of Employer,  directly or  indirectly,  as an
employee,  employer,  agent,  principal,   proprietor,   partner,   stockholder,

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consultant,  director,  or corporate officer,  engage in any business that is in
competition with the business of Employer.

                  (B) If the scope of any restrictions contained in subparagraph
(a) is too  broad to  permit  enforcement  of such  restrictions  to their  full
extent, then such restrictions shall be enforced to the maximum extent permitted
by law,  and  Employee  hereby  consents  and  agrees  that  such  scope  may be
judicially  modified  accordingly  in any  proceeding  brought to  enforce  such
restrictions.

                  2.3 SPECIFIC  PERFORMANCE.  Employee  acknowledges  and agrees
that Employer's  remedies at law for a breach or threatened breach of any of the
provisions of this SECTION 2 would be  inadequate  and, in  recognition  of this
fact,  Employee agrees that in the event of such a breach or threatened  breach,
in addition to any remedies at law, Employer, without posting any bond, shall be
entitled  to  obtain  equitable  relief  in the  form of  specific  performance,
temporary  restraining  order,  temporary or permanent  injunction  or any other
equitable remedy which may then be available.

                  SECTION 3.  TERMINATION.

                  3.1 DEATH.  This Agreement  shall  terminate  upon  Employee's
death.  In the  event of  Employee's  death  while in the  employ  of  Employer,
Employer  shall  pay  to  the  such  person  or  persons  as  the  Employee  may
specifically  designate  (successively  or  contingently)  by  filing a  written
beneficiary  designation with Employer during Employee's  lifetime  ("DESIGNATED
BENEFICIARIES") 100% of Employee's Base Salary as in effect immediately prior to
Employee's  death,  payable  to  Employee's  Designated   Beneficiaries  at  the
beginning of each month for a period of twelve (12) months following  Employee's
death. In addition,  Employee's  surviving  spouse, if any, shall continue to be
covered  by all  medical,  health  and  accident  insurance,  and for  the  same
coverage,  maintained for Employee's  benefit  immediately  prior to the date of
Employee's death, for a period of eighteen (18) months thereafter.  In the event
Employee's  surviving  spouse is ineligible under the terms of such insurance to
continue to be so covered,  the Company shall provide  substantially  equivalent
coverage  through other sources or will provide the Employee's  surviving spouse
with  the  lump  sum  payment  equal to the  agreed  upon  present  value of the
continuation of such insurance coverage under this SECTION 3.1.

                  3.2 CAUSE.  Employer  shall have the right to  terminate  this
Agreement and Employee's  employment  hereunder for cause upon written notice to
Employee. The term "CAUSE" shall mean Employee must have (i) been willful, gross
or  persistent  in  Employee's  inattention  to  Employee's  duties or  Employee
committed acts which  constitute  willful or gross misconduct (in any case after
written  notice of the same has been given to Employee  and he has been given an
opportunity  to cure the same within thirty (30) days after such  notice),  (ii)
committed fraud or (iii) been convicted of a felony. If Employee's employment is
terminated  for cause (as defined  above) and Employee  does not consent to such
termination,  such termination shall not be considered  effective and Employee's
rights under this Agreement  during the Term of Employment  shall continue until
the  existence of such cause has been  determined by an  independent  arbitrator
appointed by the American  Arbitration  Association and either party's rights to
petition a court of law for a decision  in the matter  have been  exhausted.  In
connection with the  appointment of an arbitrator,  both parties agree to submit
the  question to final and binding  arbitration  by an appointee of the American

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Arbitration Association and to cooperate with the arbitrator,  with all costs of
arbitration paid by the Employer.

                  3.3  VOLUNTARY  TERMINATION  BY  EMPLOYEE.  In the event  that
Employee's  employment  with  Employer  is  voluntarily  terminated  by Employee
without  Good  Reason  (as  defined  below),  Employer  shall  have  no  further
obligations  hereunder from and after the effective date of such termination and
shall  have all other  rights  and  remedies  available  under this or any other
agreement and at law or in equity.  Notwithstanding the preceding  sentence,  in
the event that Employee's employment with Employer is voluntarily  terminated by
Employee with Good Reason, Employee shall be entitled to receive his Base Salary
(at the rate in effect immediately prior to such termination)  during the period
commencing on the effective date of such termination and ending  thirty-six (36)
months after the date of such  termination,  as if Employee were still  employed
hereunder during such period.  Employee and his family shall also be entitled to
continue to be covered by all employee benefits  generally  described in Section
1.3 above and in effect immediately prior to the date of Employee's termination,
for a period  of  twelve  (12)  months  thereafter.  In the  event  Employee  is
ineligible  under the terms of such  insurance  to  continue  to be so  covered,
Employer shall provide  Employee with  substantial  equivalent  coverage through
other  sources or will  provide  Employee  with a lump sum payment  equal to the
agreed upon present  value of the  continuation  of such  insurance  coverage to
which  Employee  is  entitled  under this  SECTION  3.3.  For  purposes  of this
Agreement,  Good Reason shall mean any of the following which occurs  subsequent
to the date of this Agreement:

                           (A) a substantial  reduction in Employee's  position,
duties, responsibilities and
status with Employer  inconsistent with Employee's duties,  responsibilities and
status  immediately  prior to a change in  Employee's  title or offices,  or any
removal of  Employee  from or any  failure to  reelect  Employee  to any of such
positions,  except in connection  with the  termination of his or her employment
for disability, retirement or cause or by Employee other than for Good Reason;

                           (B) a reduction by Employer in Employee's Base Salary
as in effect immediately
prior to any such reduction without Employee's consent, or Employer's failure to
increase  (within 12 months of  Employee's  last  increase  in Base  Salary) the
Employee's  Base  Salary in an amount  which at least  equals,  on a  percentage
basis,  50% of the average  percentage  increase  (determined  without regard to
Employee) in base salary for all executive employees of Employer effected in the
preceding twelve (12) months;

                           (C) a requirement  that  Employee  travel on business
for Employer to an extent
materially  greater than Employee's  normal business  travel  obligations,  or a
relocation  of  Employee  to a  location  more  than 25  miles  from  Employee's
residence at the date of such proposed relocation;

                           (D) any material  breach by Employer of any provision
of this Agreement or any
other agreement with Employee;

                           (E) any failure by Employer to obtain the  assumption
of this Agreement by any
successor or assign of Employer; or

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                           (F)  Employee's  permanent   disability,   which  for
purposes of this Agreement shall
mean Employee's  inability to perform his or her duties under this Agreement for
180  days  during  any  nine-month  period  due to  illness,  accident  or other
incapacity  (as determined in good faith by a physician  mutually  acceptable to
Employer  and  Employee) or if the  physician  selected by Employee and Employer
examines  Employee and advised  Employer that it is likely that Employee will be
unable to perform  such  duties for 180 days  during the  succeeding  nine-month
period.

         SECTION 4.   ADDITIONAL EMPLOYER COVENANTS.

                  4.1  INDEMNIFICATION  OF EMPLOYEE.  Employer  shall defend and
indemnify  Employee at Employer's  sole expense to the full extend of Nevada law
with  respect to all claims,  causes of action and  adversarial  proceedings  of
every  nature to which  Employee  is or may become  subjected  in his role as an
officer or director of Employer.  Employer's  indemnification duty shall survive
the termination or expiration of this Agreement.

                  4.2 RIGHT OF FIRST REFUSAL. Before Employer disposes of all or
any substantial portion of its assets (the Assets) to any third party,  Employer
shall offer in writing to Employee the opportunity to purchase such assets. Said
writing  shall  identify  the name and  address of the third party or parties to
whom Employer  otherwise  proposes to sell the Assets,  as well as the terms and
conditions of the proposed  sale.  Employee shall have the right to purchase the
Assets at the price and on the terms specified in said written notice during the
ninety-day period following  receipt of said notice from Employer.  In the event
Employee  does not exercise his right within said  ninety-day  period (or in the
event he sooner waives such right),  Employer  shall have the right for a period
of thirty (30) days  thereafter  to dispose of only those Assets  covered by the
notice,  but only to the third party or parties and on the terms and  conditions
specified  in the notice.  In the event the assets are not so disposed of by the
end of said  thirty-day  period,  the Assets again shall  become  subject to the
terms of this  Agreement.  For  purposes of this  section,  the term  "DISPOSED"
includes, but is not limited to, sale, assignment,  transfer, gift and any other
form of voluntary conveyance.

         SECTION 5.  MISCELLANEOUS.

                  5.1  AMENDMENT.  This Agreement may be amended only be writing
executed by the parties hereto, which has been approved by the Board.

                  5.2 EXPENSES. Employer shall pay or reimburse Employee for all
costs and  expenses  (including  court  costs and  reasonable  attorney's  fees)
incurred by Employee as a result of any claim,  action or proceeding arising out
of, or  challenging  the validity or  enforceability  of, this  Agreement or any
provision hereof.

                  5.3  MITIGATION.  In the event of a termination  of Employee's
employment  for any  reason,  Employee  shall  not be  required  to  seek  other
employment; in addition, no amount payable under this Agreement shall be reduced
by any  compensation  earned by  Employee as a result of  employment  by another
employer after such termination of employment with Employer.

                  5.4 ENTIRE AGREEMENT.  This Agreement and the other agreements
expressly  referred to herein set forth the entire  understanding of the parties
hereto  regarding the subject  matter hereof and supersede all prior  contracts,

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agreements,  arrangements,  communications,   discussions,  representations  and
warranties,  whether oral or written,  between the parties regarding the subject
matter hereof.

                  5.5   NOTICES.   Any  notice,   request,   consent  and  other
communication  required or permitted  hereunder shall be in writing and shall be
deemed to have been duly  given  upon the  earlier  of  receipt or five (5) days
after being sent by  registered or certified  mail,  return  receipt  requested,
postage  prepaid,  to the parties  (and to the  persons to whom copies  shall be
sent) at their respective addresses set forth below.

         IF TO EMPLOYER:            The Players Network
                                    4620 Polaris Avenue
                                    Las Vegas, Nevada  89103
                                    Attention:  Board of Directors
         IF TO EMPLOYEE:            Mark Bradley Feldgreber
                                    4620 Polaris Avenue
                                    Las Vegas, Nevada  89103

Any party by written  notice to the other  party given in  accordance  with this
SECTION  4.3 may change the  address  or the  persons to whom  notices or copies
thereof shall be directed.

                  5.6 SUCCESSORS AND  ASSIGNMENT.  This Agreement shall bind and
inure to the benefit of the successors,  heirs and personal  representatives  of
each of the parties hereto, and may not be assigned by Employee,  in whole or in
part, and any attempt to do so shall be null and void.

                  5.7 GOVERNING  LAW. This  Agreement  shall be governed by, and
construed in accordance with, the laws of the State of Nevada.

                  5.8 SEVERABILITY.  If any provision of this Agreement shall be
adjudicated to be, in whole or in part,  invalid,  ineffective or unenforceable,
the remaining  provisions of this Agreement shall not be affected  thereby.  The
invalid,  ineffective and unenforceable  provision shall, without further action
by the  parties,  be  automatically  amended  to effect so much of the  original
purpose  and intent of the  invalid,  ineffective  or  unenforceable  provision;
provided,  however,  that such  amendment  shall apply only with  respect to the
operation of such provision in the particular jurisdiction with respect to which
such adjudication is made.

                  5.9  WAIVERS.  Any  waiver by any party of any  violation  of,
breach of or default under any provision of this  Agreement,  by the other party
shall  not  be  construed  as,  or  constitute,  a  continuing  waiver  of  such
provisions,  or waiver of any other violation of, breach of or default under any
other provision of this Agreement.

                  5.10  HEADINGS.  The headings in this Agreement are solely for
convenience  of reference and shall not be given any effect in the  construction
or interpretation of this Agreement.

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                  5.11  COUNTERPARTS.  This  Agreement  may be  executed  in any
number of counterparts, each of which shall be deemed to be an original, and all
of which together will constitute one and the same Agreement.


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                  5.12  ENFORCEMENT.  In the event that either party  resorts to
legal  action to  enforce  the  terms  and  provisions  of this  Agreement,  the
prevailing party shall be entitled to recover from the  nonprevailing  party the
costs of such action so  incurred,  including,  without  limitation,  reasonable
attorneys' fees.

                  IN WITNESS  WHEREOF,  the parties  hereto have  executed  this
Employment Agreement as of the date first above written.

                                                     THE PLAYERS NETWORK


Dated:  ________________________    By:_____________________________
                                            PETER RONA


Dated:_________________________     By:______________________________
                                            DARIUS IRANI


Dated:_________________________     By:______________________________
                                            JOOST VAN ADELSBERG



Dated:_________________________     __________________________________
                                            MARK BRADLEY FELDGREBER


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