<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
The Schedule contains summary financial information extracted from the American
Artist Film Corporation consolidated financial statements for the years ended
July 31, 1996 and 1995 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1996             JUL-31-1995
<PERIOD-START>                              AUG-1-1995              AUG-1-1994
<PERIOD-END>                               JUL-31-1996             JUL-31-1995
<EXCHANGE-RATE>                                      1                       1
<CASH>                                               0                 122,197
<SECURITIES>                                         0                       0
<RECEIVABLES>                                  107,457                 186,793
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                         122,513                 125,135
<DEPRECIATION>                                  70,385                  46,173
<TOTAL-ASSETS>                               1,114,393               1,287,862
<CURRENT-LIABILITIES>                                0                       0
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       470,392                 418,411
<OTHER-SE>                                     (33,353)                249,865
<TOTAL-LIABILITY-AND-EQUITY>                 1,114,393               1,287,862
<SALES>                                      1,711,639               3,701,721
<TOTAL-REVENUES>                             1,711,639               3,701,721
<CGS>                                                0                       0
<TOTAL-COSTS>                                2,697,794               3,637,058
<OTHER-EXPENSES>                               194,006                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                               6,777                  12,810
<INCOME-PRETAX>                             (1,186,938)                 (7,793)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                         (1,186,938)                 (7,793)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                (1,186,938)                 (7,793)
<EPS-PRIMARY>                                     (.22)                      0
<EPS-DILUTED>                                        0                       0
        


</TABLE>