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|UNITED STATESSECURITIES AND
EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K/A(Amendment No.1)



[X] ANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 
ACT OF 1934 
For the fiscal year
ended December 31, 2006 OR[   ] TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
EXCHANGE ACT OF 1934
For the transition
period from _______________ to _______________


Commission File No.
0-7843



4Kids Entertainment,
Inc.(Exact name of
registrant as specified in its charter)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|New York
      (State or other jurisdiction of 
      incorporation or organization) | 13-2691380
      (I.R.S. Employer
      Identification No.)
|------------------------------------------------------------------------------------ | -----------------------------------------------------------

|1414 Avenue of the Americas
      New York, New York
      (Address of principal executive offices) | 10019
      (Zip Code)
|--------------------------------------------------------------------------------------------------- | ----------------------

|Registrants telephone number, including area code:  (212) 758-7666Securities registered pursuant to Section 12(b) of the Act:
|------------------------------------------------------------------------------------------------------------------------------

|Title of Class

      Common Stock, $0.01 par value | Name of each exchange on which registered

      New York Stock Exchange
|--------------------------------------------------- | ------------------------------------------------------------------------

|Securities registered pursuant to the Section 12(g) of the Act:  None
|---------------------------------------------------------------------

| | Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes___ No X
| | ------------------------------------------------------------------------------------------------------------------------------------

| | Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ___ No X
| | ------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate
by check mark whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to file such reports), and
(2) has been subject to the filing requirements for the past 90 days. Yes X No ___
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K
is not contained herein, and will not be contained, to the best of the Registrants
knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form 10-K. |   |
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate by check mark whether the Registrant is a large accelerated
filer, an accelerated filer or a non-accelerated filer. See definition of accelerated
filer and large accelerated filer in Rule 12b-2 of the Exchange Act   (Check One):
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Large accelerated filer                
Accelerated filerX                Non-accelerated filer
| | -----------------------------------------------------------------------------------------------

| | Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes____ No X
| | -----------------------------------------------------------------------------------------------------------------------------

| | The
aggregate market value of the voting stock held by non-affiliates of the Registrant,
based on the closing price of the Common Stock on June 30, 2006 as reported on the New
York Stock Exchange Market, was approximately $165,919,968. Shares of Common Stock held
by each officer and director and by each person who owns 5% or more of the outstanding
Common Stock have been excluded from this computation in that such persons may be deemed
to be affiliates. This determination of affiliate status is not necessarily a conclusive
determination for other purposes.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate
the number of shares outstanding of each of the Registrants classes of common
stock, as of the latest practicable date.
| | ---------------------------------------------------------------------------------------------------------------------------------

|Common Stock, $.01 Par Value
      (Title of Class) | 13,183,218
      (No. of Shares Outstanding at March 15, 2007)
|--------------------------------------------------- | --------------------------------------------------------------

| | 
| | 

| | Portions
of the Registrants Proxy Statement for the Annual Meeting of Stockholders
held on May 25, 2007 are incorporated by reference into Part III of the Annual Report on Form 10-K.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Explanatory Note


4Kids Entertainment, Inc. (the
Company) is filing this Amendment No. 1 on Form 10-K/A to its Annual
Report on Form 10-K for the fiscal year ended December 31, 2006 (this Amendment
No. 1), originally filed with the United States Securities and Exchange
Commission (the Commission) on March 16, 2007 for the purpose of indicating
that certain portions of Exhibits 10.36 and 10.37 filed therewith had been omitted
pursuant to a request for confidential treatment and that complete versions had been filed
separately with the Commission. These Exhibits have been re-filed with this Form 10-K/A
indicating the portion for which confidential treatment has been requested.


The remainder of the Form 10-K is
unchanged and is not reproduced in this Amendment No. 1. This Amendment No. 1 has no
effect on our consolidated financial positions, results of operations or cash flows
previously reported on the Form 10-K.


Except as set forth above, this
Amendment No. 1 does not modify or update in any way the disclosures, including,
without limitation, the financial statements, on the Form 10-K, and speaks as of the
original filing date of the Form 10-K and does not reflect events occurring after the
original filing of the Form 10-K.


Part IV


Item 15. Exhibits and
Financial Statement Schedules


     (b)    
          The following Exhibits are hereby filed as part of this Amendment No. 1.
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|INDEX
OF EXHIBITS
|-----------------

|Exhibit
Number | Description                                                                                                                           
|-------------- | --------------------------------------------------------------------------------------------------------------------------------------
|10.1           | Employment   Agreement,   dated  as  of  December  11,  2006,  between  TC  Digital  Games  LLC  and  Bryan  Gannon.
              (*)
|              
|10.2           | Employment   Agreement,   dated  as  of  December  11,  2006,   between  TC  Digital  Games  LLC  and  John  Milito.
              (*)
|              
|31.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350,                                                          
|               | as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                 
|              
|31.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350,                                                          
|               | as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                 
|              
|32.1           | Joint Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18                                             
|               | U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                            

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| | (*) | Confidential treatment has been requested with the Securities and Exchange Commission for certain portions of this
document, which was previously filed with the Companys Annual Report on Form 10-K for the year ended December 31, 2006.  This
document has been re-filed herewith to indicate the portions for which such treatment has been requested.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|SIGNATURES


Pursuant to the requirements of
Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4KIDS
ENTERTAINMENT, INC. Date: July 10, 2007
| | ---------------------------------------------

| | By:
/s/ Alfred R. Kahn
| | ----------------------

| | Alfred
R. Kahn, Chairman of the Board
| | -------------------------------------

| | Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed
below by the following persons on behalf of the Registrant and in the capacities and on
the dates indicated.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Alfred R. Kahn
| | ----------------------

| | Alfred
R. Kahn, Chairman of the Board, Chief Executive Officer andDirector
| | --------------------------------------------------------------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Bruce R. Foster
| | -----------------------

| | Bruce R. Foster, Executive Vice President,Principal Financial and Accounting Officer
| | ------------------------------------------------------------------------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Samuel R. Newborn
| | -------------------------

| | Samuel R. Newborn, Executive Vice President,General Counsel and  Director
| | -------------------------------------------------------------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Richard Block
| | ---------------------

| | Richard Block, Director
| | -----------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Jay Emmett
| | ------------------

| | Jay Emmett, Director
| | --------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Michael Goldstein
| | -------------------------

| | Michael Goldstein,Director
| | --------------------------

| | Date: July 10, 2007
| | -------------------

| | By:
/s/ Randy O. Rissman
| | ------------------------

| | Randy O. Rissman, Director
| | --------------------------

|
|

|INDEX
OF EXHIBITS
|-----------------

|Exhibit
Number | Description                                                                                                                           
|-------------- | --------------------------------------------------------------------------------------------------------------------------------------
|10.1           | Employment   Agreement,   dated  as  of  December  11,  2006,  between  TC  Digital  Games  LLC  and  Bryan  Gannon.
              (*)
|              
|10.2           | Employment   Agreement,   dated  as  of  December  11,  2006,   between  TC  Digital  Games  LLC  and  John  Milito.
              (*)
|              
|31.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350,                                                          
|               | as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                 
|              
|31.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350,                                                          
|               | as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                 
|              
|32.1           | Joint Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18                                             
|               | U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                            

---

| | (*) | Confidential treatment has been requested with the Securities and Exchange Commission for certain portions of this
document, which was previously filed with the Companys Annual Report on Form 10-K for the year ended December 31, 2006.  This
document has been re-filed herewith to indicate the portions for which such treatment has been requested.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------