UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  Form 10-QSB
           (Mark One)
                X  QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT  OF 1934

                 For the Quarterly Period ended: March 31, 2007

                   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                     EXCHANGE ACT

                       Commission File Number: 000-24727

                         Raven Moon Entertainment, Inc.
        (Exact name of Small Business Issuer as specified in its charter)



		   Florida			59-3485779
	(State or other Jurisdiction         (I.R.S. Employer
	of Incorporation or Organization)   Identification Number)

                        2005 Tree Fork Lane, Suite 101
                            Longwood, FL  32750
                  (Address of Principal Executive Offices)

                              (407) 304-4764
            (Issuer's Telephone Number, including Area Code)

       Securities registered under Section 12(b) of the Exchange Act:
		None.  				N/A.
          (Title of Class)          (Name of Exchange on Which
					Registered)

         Securities registered pursuant to Section 12(g) of the Act:
                     Common Stock, $0.0001 Par Value


Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that the Registrant was required to file such
reports), and (2) has been subject to such filing requirements for the
past 90 days.   Yes [X]   No [ ]

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 number of shares of Common Stock outstanding as of April 30, 2007
was approximately 19,139,858,427.

Transitional small business disclosure format (check one)  Yes X   No




TABLE OF CONTENTS

Part I	FINANCIAL INFORMATION

Item 1.  Financial Statements:

Unaudited Consolidated Balance Sheet at March 31, 2007

Unaudited Consolidated Statement of Operations for the
   Three Months Ended March 31, 2007 and 2006

Unaudited Consolidated Statement of Cash Flows for the
   Three Months Ended March 31, 2007 and 2006

Unaudited Consolidated Statements of Deficit in Stockholders'
   Equity for the Three Months Ended March 31, 2007

Notes to Financial Statements

Item 2.  Management's Discussion and Analysis or Plan of Operation

Item 3.  Controls and Procedures

Item 3A(T) Controls and Procedures

Part II	  OTHER INFORMATION

Item 1.  Legal Proceedings
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.  Defaults Upon Senior Securities
Item 4.  Submission of Matters to a Vote of Security Holders
Item 5.  Other Information
Item 6.  Exhibits


Part I.  FINANCIAL INFORMATION
ITEM 1.  Financial Statements

                        RAVEN MOON ENTERTAINMENT, INC.
                         CONSOLIDATED BALANCE SHEET
                          March 31, 2007 (unaudited)


                                 ASSETS

Current assets:
    Cash and cash equivalents                                  $    40,768
    Inventory                                                       72,851
    Other                                                          138,807
                                                               -----------
       Total assets                                            $   252,426
                                                               ===========

                    LIABILITIES & STOCKHOLDERS' EQUITY

    Accounts payable                                            $      986
    Accrued salaries and fees to officers (Note 7)               2,189,117
    Loans from shareholders (Note 5)                               515,000
    Advances from related parties                                1,225,640
    Advances from third parties                                  3,046,800
    Advances from Class B members of LLC                           197,500
    Loans from officers                                             20,000
    Note payable from third parties                                 69,232
                                                                ----------
      Total liabilities                                          7,264,275

Commitments and Contingencies (Note 8)                                  -

Stockholders' equity:
    Preferred stock, $0.0001 par value; 800,000,000 shares
     authorized; 9,934 shares issued and outstanding                     1
    Convertible series B preferred stock, .0001 par value;
     2,000,000 shares authorized, 585,250 shares
     issued and outstanding                                             63
    Common stock, $0.0001 par value; 30,000,000,000 shares
     authorized; 16,935,758,418 shares issued and outstanding    9,488,567
    Additional paid in capital                                  37,749,665
    Accumulated deficit 				       (54,250,145)
                                                               -----------
      Total stockholders' equity                                (7,011,849)
                                                               -----------
      Total liabilities and stockholders' equity               $   252,426
                                                               ===========
See accompanying notes.


                     RAVEN MOON ENTERTAINMENT, INC.
                 CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)



                                                    Three Months Ended
                                                         March 31,    March 31,
                                                           2007        2006
                                                         --------    --------
     Revenue:
        Sales of plush toys                          $     3,061  $        -
                                                     -----------  -----------
        Total Revenue                                      3,061           -
     Cost of Sales                                         1,530          213
                                                     -----------  -----------
        Gross profit                                       1,531         (213)

     Expenses:
        Consulting fees                                2,726,012      222,365
        Production costs                               3,215,033    1,425,928
        Interest                                              -         1,505
        General & administrative                         385,837      489,328
                                                     -----------  -----------
        Total operating expenses                       6,326,882    2,139,126
                                                     -----------   -----------
     Loss from operations                             (6,325,351)  (2,139,339)
                                                     -----------   ----------

     Other Income (Expense)
        Processing and advertising                           638        6,902
                                                     -----------   ----------

        Net loss                                     $(6,324,713) $(2,132,437)
                                                     ===========  ===========

 Basic and diluted loss per share:
  Loss from operations                                   $(0.00)    $(0.00)
                                                         -------    -------
         Net loss                                        $(0.00)    $(0.00)
                                                         =======    =======

See accompanying notes.


                                RAVEN MOON ENTERTAINMENT, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

                                                     Three Months Ended
                                                    March 31,   March 31,
                                                      2007        2006
                                                    --------    --------

Cash flows from operating activities:
  Net (loss)                                     $(6,324,713) $(2,132,437)
  Adjustments to reconcile net (loss)
  to net cash (used) generated in
  operating activities:
      Non-cash expense for discounted
         Warrants                                      3,035       44,133
 (Increase) decrease in assets
  and liabilities
      Receivables from third parties                   3,377           -
      Inventory                                        1,530           -
      Accrued wages & salaries to officers           330,711      358,886
      Accrued interest                                    -         1,500
      Shares issued for expenses                   1,950,043      514,706
      Shares issued for expenses to
         related parties                           4,026,866      539,618
      Other assets and liabilities                  (  2,405)          -
                                                 -----------  -----------
      Net cash used in
      operating activities                        (   11,556)    (673,594)
                                                 -----------  -----------

Cash flows from investing activities:
  Purchases of equipment                                  -            -
                                                 -----------  -----------
      Net cash used in
         investing activities                             -            -
                                                 -----------  -----------

Cash flows from financing activities:
  Proceeds from advances made by
     third parties                                        -     1,240,010
  Proceeds from advances made by
     related parties                                      -       382,640
  Proceeds from exercise of warrants                      -       153,043
  Proceeds from loans from officers                   85,000           -
  Repayments of loans from officers                  (70,000)          -
                                                 -----------  -----------
      Net cash provided by
        financing activities                          15,000    1,775,693
                                                 -----------  -----------
Net increase in cash                                   3,444    1,102,098

Cash beginning of period                              37,324       76,289
                                                 -----------  -----------

Cash end of period                                $   40,768  $ 1,178,387
                                                 ===========  ===========

See accompanying notes.



                       RAVEN MOON ENTERTAINMENT, INC.
      CONSOLIDATED STATEMENT OF DEFICIT IN STOCKHOLDERS' EQUITY (Unaudited)
                 For the Three Months Ended March 31, 2007


                                      Series B
                  Preferred Stock  Preferred Stock        Common Stock
                   Shares Amount   Shares  Amount       Shares     Amount
                   ------ ------   ------  ------     ---------- ----------
Balances at
 Dec. 31, 2006      9,934    $1   585,250   $63        2,965,968 $7,196,567

Preferred stock
  converted            -      -        -      -           22,298      8,919

Preferred stock
  converted by
  related party        -      -        -      -          100,000     40,000

Warrant exercise       -      -        -      -           15,176      6,071

Shares issued for
  note repayment       -      -        -      -       27,005,563      4,925

Shares issued for
  expenses             -      -        -      -      433,622,026    327,583

Shares issued for
  expenses to
  related parties      -      -        -      -      910,610,389    335,156

Exempt shares
  issued               -      -        -      -    10,545,374,62  1,067,742

Exempt shares
  issued to
  related parties     -      -          -      -   5,016,042,375    501,604

Value of discounted
  warrants granted    -      -          -      -             -           -

Net loss              -      -          -      -             -           -
                   -----    --     -------    ---  ------------   ----------

Balances at
 March 31, 2007    9,934    $1     585,250    $63  16,935,758,418 $9,488,567
                   =====    ==     =======    ===  ============== ==========



                       Additional                     Total
                        Paid-In      Accumulated   Stockholders
                        Capital        Deficit        Equity
                      -----------   -------------   -----------
Balances at
 Dec. 31, 2006        $33,905,536   $(47,925,432)   $(6,823,265)

Preferred stock
  converted                (8,919)            -              -

Preferred stock
  converted by
  related party           (40,000)            -              -

Warrant exercise           (6,071)            -              -

Shares issued for
  note repayment           15,843             -          20,768

Shares issued for
  expenses              1,757,877             -       2,085,460

Shares issued for
  expenses to
  related parties       3,691,710             -       4,026,866

Exempt shares
  issued               (1,067,742)            -              -

Exempt shares
  issued to
  related parties        (501,604)            -              -

Value of discounted
  warrants granted          3,035             -           3,035

Net loss                       -      (6,324,713)    (6,324,713)
                      -----------   ------------   ------------
Balances at
 March 31, 2007       $37,749,665   $(54,250,145)   $(7,011,849)
                      ===========   ============   ============

See accompanying notes.



                          RAVEN MOON ENTERTAINMENT, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       March 31, 2007 and 2006 (unaudited)

Note 1 -- DESCRIPTION OF THE COMPANY

Raven Moon Entertainment, Inc. and its wholly owned subsidiaries
(together, the "Company" or "Raven Moon") are primarily engaged in the
production and development of family values television programs  and
related products that convey good morals and positive attitudes to
children.  The market for these products is worldwide, even though the
Company will devote most of its efforts within the continental United
States.

The accompanying unaudited condensed consolidated financial statements
of the Company have been prepared in accordance with accounting
principles generally accepted in the United States of America ("US
GAAP") for interim financial information.  Accordingly, they do not
include all of the information and footnotes required by accounting
principles generally accepted in the United States of America for
complete financial statements.  In the opinion of Management,
adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating
results for the quarter ended March 31, 2007 are not necessarily
indicative of the results that may be expected for the year ending
December 31, 2007.  These consolidated financial statements should be
read in conjunction with the Company's 2006 Annual Report on Form 10-
KSB.  The preparation of condensed consolidated financial statements in
conformity with accounting principles generally accepted in the United
States of America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, and
disclosure of contingent assets and liabilities, at the date of the
consolidated financial statements, and the reported amounts of revenue
and expenses during the reporting period. Actual results could differ
from those estimates.

Note 2 -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

PRINCIPLES OF CONSOLIDATION -- The accompanying consolidated financial
statements include the accounts of Raven Moon Entertainment, Inc. and
its wholly owned subsidiaries JB Toys, LLC (herein "LLC") and Raven
Animation, Inc. (the "Company").  JB Toys, LLC will cease to exist on
December 5, 2012.  Inter-company transactions and balances have been
eliminated in consolidation.

REVENUE RECOGNITION -- Revenue from distribution of plush toys are
recognized upon receipt of payment or delivery of product, which does
not vary significantly from the time the products are shipped.

Revenue from the distribution of videos is recognized as earned under
the criteria established by SOP 00-2.  The Company's revenue cycle is
generally one to three years, with the expectation that substantially
all revenue will be recognized in the first two years of individual
videos.  In accordance with SOP 00-2, the Company considers revenue
earned when all of the following have occurred:
 1. The Company has a valid sale or licensing agreement in place.
 2. The video is complete and in accordance with the agreement
     with the customer.
 3. The video has been delivered or is deliverable.
 4. The license period has begun.
 5. The revenue is fixed or determinable and collection is
     reasonably assured.

PRODUCTION COSTS -- Production costs includes costs to develop and
produce video entertainment products.  These costs were paid primarily
to companies and individuals hired to perform a specific task.  The
Company outsources these activities in order to reduce overhead costs.
Production costs are amortized by the ratio of current year's revenue
bear to management's estimated ultimate revenue.  Because the Company
cannot demonstrate through its experience the ultimate revenue from the
video entertainment products, it has elected to expense all production
costs.

STOCK FOR COMPENSATION -- The Company accounts for the issuance of
common or preferred stock for goods and services at the fair market
value of the goods or services provided or the fair market value of the
common or preferred stock issued, whichever is more reliably
determined.

UNCLASSIFIED BALANCE SHEET -- In accordance with the provisions of SOP
00-2, the Company has elected to present an unclassified balance sheet.

INTELLECTUAL PROPERTY -- Intellectual property is recorded at the lower
of cost or net realizable value.  The Company performs an impairment
test of intellectual property quarterly.  SFAS 142 requires the Company
to compare the fair value of the intellectual property to its carrying
amount to determine if there is potential impairment.  If the carrying
amount of the intellectual property exceeds its fair value, an
impairment loss is recognized.  Fair values for intellectual property
are determined based on discounted cash flows, market multiples or
appraised values as appropriate.  Because the Company cannot
demonstrate through its experience the ultimate revenue from
intellectual property it has elected to expense all costs associated
with intellectual property.

MANAGEMENT ESTIMATES -- The preparation of financial statements in
conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect certain
reported amounts and disclosures.  Actual results could differ from
those estimates.

STOCK-BASED COMPENSATION -- The Company accounts for stock options
issued to employees under Statement of Financial Accounting Standards
148 ("SFAS 148"), wherein such options are valued based upon the Black-
Scholes option-pricing model.  The Company adopted SFAS 148 as of
January 1, 2006.

CASH EQUIVALENTS -- The Company considers all highly liquid investments
with original maturities of three months or less to be cash
equivalents.

NET LOSS PER SHARE -- Primary earnings per share computations are based
on the weighted average number of shares outstanding during the period.
On October 19, 2004, the Board of Directors amended the Articles of
Incorporation to give full voting rights to all preferred shareholders.
The weighted average number of shares outstanding was 10,024,201,737
and zero (0) on a split-adjusted basis for the three-months ended March
31, 2007 and 2006, respectively.

INCOME TAXES -- The Company has incurred approximately $54 million of
net operating losses which may be carried forward and used to reduce
taxable income in future years.  Deferred tax assets created by the net
operating losses are offset by an equal valuation allowance.

RECLASSIFICATIONS -- Certain amounts reported in previous years have
been reclassified to conform to the 2007 financial statement
presentation.

CREDIT RISKS -- Financial instruments, which potentially subject the
Company to concentrations of credit risk, consist of cash and cash
equivalents.  The Company maintains its cash in bank deposit accounts,
which, at times, may exceed federally insured limits.  It has not
experienced any losses in such accounts.  The Company believes that it
is not exposed to any significant credit risk on cash and cash
equivalents.

STOCK SPLITS -- The Company has adopted the following stock splits
during the period January 1, 2006, to date.  All applicable share and
per-share data in these consolidated financial statements have been
restated to give effect to these stock splits.
 a. Adopted a 5 to 1 forward stock split effective January 30, 2006.
 b. Adopted a 75 to 1 reverse stock split effective February 17, 2006.
 c. Adopted a 20 to 1 reverse stock split effective July 17, 2006.
 d. Adopted a 200 to 1 reverse stock split effective Sept. 20, 2006.
 e. Adopted a 2000 to 1 reverse stock split effective Dec. 15, 2006.
 f. Adopted a 4000 to 1 reverse stock split effective March 8, 2007.

Prior period share numbers may, after being restated for the above
reverse stock splits, result in a figure that is less than one (1).

Note 3 -- BUSINESS AND OPERATIONS

The Company is currently working to establish the following lines of
business:
 1. Home Video and Television Productions
 2. Sales of DVD's and Music CDs
 3. Plush Toys

These financial statements are prepared on a going concern basis that
assumes that the Company will be able to realize assets and discharge
liabilities in the normal course of business.  Accordingly, it does not
give effect to adjustments, if any, that would be necessary should the
Company be unable to continue as a going concern and therefore be
required to realize assets and liquidate its liabilities, contingent
obligations and commitments in other than the normal course of business
and the amounts which may be different from those shown in these
financial statements.  The ability to continue as a going concern is
dependent on its ability to (a) obtain additional debt and equity
financing and (b) generate profitable operations in the future.

The Company has initiated several actions to generate working capital
and improve operating performances, including equity and debt financing
and cost reduction measures.

There can be no assurance that the Company will be able to successfully
implement its plan, or if successfully implemented the Company will
achieve its goals.

Furthermore, if the Company is unable to raise additional funds it may
be required to reduce its workforce, reduce compensation levels, reduce
dependency on outside consultants, modify its growth and operating
plans, and even be forced to terminate operations completely.

Note 4 -- INVESTMENT IN CLUBHOUSE VIDEOS, INC.

At December 31, 2003, the Company had purchased a total of 36.8 units
of Raven Moon Home Video Products, LLC for $368,000.  These purchases
were converted into common stock of Clubhouse Video, Inc. ("Clubhouse")
as a result of the spin-off of the former wholly owned subsidiary.
Also, the Company has loaned Clubhouse approximately $82,000 since
2003.  The investment in Clubhouse and the loan have been written-off
as the Company's proportionate share of Clubhouse 's loss.

Clubhouse ceased operations during 2005 and the investment was written
off.  Clubhouse had an advance from a third party, which Raven Moon
agreed to repay.  The advance of $125,000 was recorded on the balance
sheet as advances from third parties and was charged to production
expense during 2005.  In 2006, Raven Moon settled this liability by
making a payment of $62,500 and recognizing the remaining $62,500 as
Other Income - debt forgiveness.

On July 27, 2005, the Company entered into an agreement with Clubhouse
Videos, Inc. in which Clubhouse Videos, Inc. transferred its inventory
of "Cuddle Bugs" to the Company in exchange for loans of approximately
$82,000 made by the Company to Clubhouse Videos, Inc.  The inventory
was recorded at the lower of cost or market determined using the first-
in-first method (FIFO) and was recognized as a recovery of a loan to
Clubhouse Videos, Inc.

Note 5 -- DEBT

Debt for the Company consists of the following:
  a.  Notes payable to third parties which bear interest at 10%
annually.  These are demand notes, and are unsecured.
  b.  Loans from shareholders are non-interest bearing, but the
shareholders received additional shares of preferred stock and common
stock in 2000 and are also entitled to gross revenue royalty fees of
the gross revenue of the Company for ten years.  The royalties range
from .0125% to .5% of gross revenues.  No royalties were earned in 2006
and 2005.

There are two types of Class B units:
	1.  The cash investments for Class B members of LLC are non-
interest bearing loans.  The members are entitled to receive all
distributions from gross profits of the LLC until the members have
received an amount equal to their initial cash investment.  Once the
Class B members, who invested cash have been repaid, the Class B
members are entitled to annually receive 85% of all gross profits of
the LLC derived from the sale of products.  The Company has received
$275,000 of cash investments from Class B members and has repaid
$77,500 as of March 31, 2007.
	2.  The members who exchange services or rights to intellectual
property for Class B units are not entitled to receive any
distributions from gross profits of the LLC until the members who
invested cash have received an amount equal to their initial
investment.  Once the Class B members, who invested cash have been
repaid, the Class B members are entitled to receive 85% of all gross
profits of the LLC derived from the sale of product on an annual basis.
As of March 31, 2006, the Company has exchanged 100 units to WEE-OOO,
LTD, a related party, for a ten year extension of the option agreement
for the rights to Gina D's, 50 units to Mike Gibilisco for the rights
to the BoBo Blocks, 200 units to Bernadette DiFrancesco, a related
party, for the rights to the Cuddle Bugs, 7.50 units to members of the
Board of Directors for services provided in 2002, 2003 and 2004, and 15
units to Joseph and Bernadette DiFrancesco for a 10 year license for
Mr. Bicycle Man.

The Class B members have no voting rights.  The cash advances from
Class B members who contributed cash have been recorded as a liability
because all advances must be repaid prior to any distributions to the
parent company.

Note 6 - COMMON STOCK

The Company has amended its Articles of Incorporation to increase the
number of authorized shares of Common Stock to 30,000,000,000 shares.
With respect to the Amendment, the Board of Directors of the Company
has approved, and the shareholders owning a majority of the issued and
outstanding voting shares outstanding as of May 1, 2006, have consented
in writing to the Amendment.  Such approval and consent are sufficient
under Section 607.0704 of the Florida Business Corporation Act and the
Company's Bylaws to approve the Amendments.  The Amendment was
effective on or about May 5, 2006.

Note 7 -- RELATED PARTY TRANSACTIONS

The Company is affiliated through ownership of shares of the Company's
common stock by the following companies:

	J. & B. DiFrancesco, Inc.
	T.V. Toys, Inc.
	2221 Music
	Beyond the Kingdom, Inc.

The Company has incurred aggregate consulting, production, marketing
and management fees with officers, Directors and other related parties
for the three-months ended March 31, 2007 and 2006:
		Three Months	  Three Months
	       Ended March 31,   Ended March 31,
		    2007 	      2006
               --------------    --------------
		  $4,226,656       $  668,884

The Company paid Gina Mouery, who is the hostess for the "Gina D's Kids
Club Show" and the daughter of Joseph DiFrancesco, President and Chief
Executive Officer of the Company, $6,000 as an advance on future
royalties for each of the three-month periods ended March 31, 2007 and
2006, respectively.  The advance on future royalties - related party
was charged to production expense because the Company cannot
demonstrate through its experience the ultimate revenue from the video
entertainment products.

The Company agreed to pay or reimburse Ms. Mouery $752 a month for a
leased car.  The Company paid approximately $2,256 for each of the
three-month periods ended March 31, 2007 and 2006, respectively.  This
reimbursement is included in the general and administrative expenses.

During the three-months ended March 31, 2007 and 2006, Gina Mouery was
granted 858,217,500 and zero shares (on a split-adjusted basis) of
common stock, respectively, for talent fees.  The fair value of these
shares of common stock was $1,807,260 and $494,308, respectively.

During the three-months ended March 31, 2007, Gina Mouery converted
preferred stock into 100,000 common stock shares (on a post-split
adjusted basis).  The fair value of the converted stock on the date of
conversion was $40,000.

On August 9, 2005, the Company entered into an agreement with David
Mouery (the son-in-law of Joseph DiFrancesco, Chairman of the Board) to
provide legal services for three years.  He is to be paid a retainer of
$10,000 per month.  If payment is made in S-8 stock it will be at a 25%
discount of the bid price on the day the stock is issued.

During the three-months ended March 31, 2007, David Mouery was granted
52,022,889 of shares (on a split-adjusted basis) of common stock for
legal services.  The fair value of these common stock shares was
$295,606.

On June 1, 2004, the Company, through its subsidiary JB Toys, LLC,
agreed to pay Joseph and Bernadette DiFrancesco $100,000 and 15 units
of Class B memberships of JB Toys for the rights to Mr. Bicycle Man.
(See Note 5.)  The $100,000 was charged to option rights to
intellectual property for the year ended December 31, 2004, because the
Company cannot demonstrate through its experience the ultimate revenue
from the video entertainment products.  In addition, Joseph and
Bernadette DiFrancesco are to receive 15% of the revenues of JB Toys,
LLC for a ten-year period.  Also, if JB Toys grants a license to any
third party for Mr. Bicycle Man, the Company will pay Joseph and
Bernadette DiFrancesco 50% of any revenues derived from the license.

On June 1, 2004, the Company, through its subsidiary JB Toys, LLC,
agreed to pay Joseph and Bernadette DiFrancesco $250,000 and 10,000,000
of common restricted stock of the Company for the rights to "The Search
for the Amazon Queen."  The fair value of the common stock was
$195,000, which was charged to option rights to intellectual property
for the year ended December 31, 2004, because the Company cannot
demonstrate through its experience the ultimate revenue from the video
entertainment products.  In addition, Joseph and Bernadette DiFrancesco
are to receive $100,000 per year beginning year two through year ten
plus 25% of gross revenue derived by JB Toys for "The Search for the
Amazon Queen".  Also, if JB Toys grants a license to any third party
for "The Search for the Amazon Queen," the Company will pay Joseph and
Bernadette DiFrancesco 50% of any revenues derived from the license.

Joseph and Bernadette DiFrancesco were granted 1,120,000 and zero
shares (on a split adjusted basis) of common stock during the three-
month periods ended March 31, 2007 and 2006, respectively.  The fair
value of these shares was $1,456,000 and $17,569, respectively.  The
fair value was charged to consulting fees because the Company cannot
demonstrate through its experience the ultimate revenue from the video
entertainment products.

The outside Board of Directors were granted 3,600,000 and zero (on a
split adjusted basis) of common stock during the three-month periods
ended March 31, 2007 and 2006, respectively.  The fair value of these
shares was $468,000 and $5,692 for the three-month periods ended March
31, 2007 and 2006, respectively.  The fair value of the common stock
granted and director fees paid were charged to consulting fees for the
nine-months ended September 30, 2006 and 2005, respectively.

During the three-month periods ended March 31, 2007 and 2006,
respectively, loans from officers, directors, senior management and
related parties are summarized as follows:


					2007   		2006
                                       ------          ------
  Balance at beginning of year	     $ 20,000  	     $ 20,000
  Increase in loans                        -               -
  Payments on loans                        -               -
                                     --------        ---------
  Balance at end of period           $ 20,000        $ 20,000
                                     ========        =========

On June 1, 2004, the Company and the four songwriters (two of the
songwriters are Joseph and Bernadette DiFrancesco) with 2221 Music
amended their agreement.  The amendment calls for each songwriter to
receive 2,500,000 shares of common stock by September 1, 2004, and to
receive $2,500 per month from September 1, 2004 through October 31,
2005.  During the three-month period ended March 31, 2006, the Company
paid $30,200 in fees to 2221 Music.  The payments were charged to
general and administrative expenses because the Company cannot
demonstrate through its experience the ultimate revenue from the video
entertainment products.

Following is a schedule that summarizes the activity in accruals and
payments related to Joseph and Bernadette DiFrancesco, the officers of
the Company, for the three-month periods ended March 31, 2007 and 2006,
respectively:
               			    2007	   2006
				 -----------	-----------
  Beginning balance	         $ 1,858,406	$ 1,718,823
  Accrued for administrative
    salary	                     264,444        146,385
  Accrued production fee	     187,500        212,500
  Payments to Officers		    (121,233)            -
				 ------------	-----------
Ending balance			 $ 2,189,117	$ 2,077,708
				 ============	===========

Note 8 -- COMMITMENTS AND CONTINGENCIES

1.  The Company has entered into an employment contract with the
officers, Joseph and Bernadette DiFrancesco.  On October 19, 2004, the
Board of Directors extended Joseph and Bernadette DiFrancesco's
contract an additional seven years after the current contract expires
in exchange for a signing bonus of non-diluting preferred shares.  The
preferred shares shall be convertible to common stock at a 20% discount
to market based upon the previous 10 day average and will carry non-
diluting rights equivalent to 40% of the common shares issued and
outstanding as long as the shares are held by Joseph and Bernadette
DiFrancesco or their assigns.  Under the terms of the agreement, the
Company is obligated to make the following annual payments through
November 15, 2012:
	2007	$1,057,775
	2008	$1,269,306
	2009	$1,523,167
	2010	$1,827,800
	2011	$2,193,360
	2012	$2,632,032

2.  During February 2007, the Company entered into a twelve-month
contract for advertising services and issued 2,500,000,000 shares of
common stock to fulfill its obligation in whole.  The fair value of the
stock was $250,000 at date of issuance and $27,083 was expensed during
the quarter ended March 31, 2007.  The total cost of that contract will
be amortized on a straight-line basis over the term of the agreement.
The contract is subject to various conditions and relates to restricted
shares of stock.

3.  On March 7, 2007 the Company amended its Production Financing
agreement with MG Studios.  This amendment called for MG Studios to be
provided $2,720,000 in financing for the production of 13 one-half hour
episodes of "Gina D's Kids Club, $2,400,000 for the production of
twelve (12) new episodes of "Sing Along With Gina D." and $1,200,000
for other production costs.  The total amended financing is for
$6,320,000.  The term of the agreement is for five (5) years and/or can
be extended by mutual consent.  The amount due to MG Studios at March
31, 2007 was $3,046,800 and at March 31, 2006 was zero.

4.  In addition, the officers are to receive a "Founders" royalty of
10% Gross for any entertainment revenue received by the Company for any
entertainment project developed and or produced by the Company during
the term of this agreement.  This royalty will be paid between November
16th and December 31st in perpetuity.

The Company has entered into various month-to-month verbal agreements
with unrelated third parties to provide production, marketing and
administrative services.  Payments are made based on invoices rendered
for specific services provided.

NOTE 9-- PRIVATE PLACEMENT OFFERING

The Company has plans to raise $5,000,000 in a private placement
offering to be used for working capital.  The Company is offering units
that consist of one share convertible Series B Preferred Stock and a
warrant to purchase one hundred shares of common stock at a price of
$10.00 per unit.  The minimum purchase is $10,000.  The conversion
right may be exercised at any time by the holder of the shares, but
shall occur automatically at the Company's discretion at any time after
a registration statement to register the shares of common stock
underlying both the preferred share and the warrant.  Terms may change
without notice.

Each preferred share shall convert to $10.00 in value of common stock.
The value of the common stock will be based upon the average closing
price of the Company's common stock for each of the ten consecutive
trading days prior to the date of conversion, less a 20% discount.  The
preferred shares have a preference over common stock in any liquidation
of the Company.  The preferred shares are not entitled to any dividend
or distribution in preference to common stock.  The warrant, which will
permit the holder to purchase one-tenth of a share of common stock at
$.10 per share, expired May 31, 2005.  Also, the warrants will be
subject to redemption at the Company's option for $.05 per warrant
provided the closing price exceeds $.20 per share for at least thirty
days ending on the third day prior to the mailing of the notice.  As of
March 31, 2007 the Company has sold $5,852,500 of the private placement
offerings.

Note 10 - WARRANTS

On January 6, 2006 the Board of Directors approved a 75 to 1 common
stock warrant to be granted to every shareholder of record on February
10, 2006.  The warrant was exercisable at a 25% discount of the closing
bid price on the day the warrants were exercised.  The period for
exercising warrants began February 18, 2006 and expired on April 18,
2006.  The Company recognized $44,133 of expense in the period ended
March 31, 2006 for the value of the discounted purchase price. Of this
expense, $2,078 was incurred by related parties.

On August 17, 2006 the Board of Directors approved a 10-for-1 common
stock warrant to be granted to every shareholder of record on September
1, 2006.  Each shareholder of record on that date received one warrant
for each share of common stock owned as of that date.  The warrant
allowed the shareholder to purchase 10 shares of restricted common
stock for each warrant owned.  The warrant was exercisable at a 50%
discount of the closing bid price on the day the warrants were
exercised.  The period for exercising warrants began September 15, 2006
and was originally scheduled to expire on October 31, 2006.  The
expiration date was extended to December 1, 2006.  Common shares
purchased as a result of exercising these warrants will be restricted
for one year and will be exempt from any reverse split that may occur
in the twelve (12) months following the date on the new restricted
share certificates.  The Company recognized $3,035 of expense in the
period ended March 31, 2007 for the value of the discounted purchase
price.  Of this expense, $0 was incurred by related parties.

The Company is evaluating its warrant programs to determine what
changes are needed.

Note 11 -SUBSEQUENT EVENT

The following is a schedule of common stock issued after March 31,
2007:
   Issued to Gina Mouery for services     1,605,100,000
   Issued for expenses to third parties     675,000,000

Item 2. Management's Discussion and Analysis of Financial Condition
          and Plan of Operation

Cautionary statement identifying important factors that could cause
our actual results to differ from those projected in forward-looking
statements.

Pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, readers of this report are advised that
this document contains both statements of historical facts and forward-
looking statements.  Forward-looking statements are subject to certain
risks and uncertainties, which could cause actual results to differ
materially from those indicated by the forward-looking statements.
Examples of forward looking statements include, but are not limited to
(i) projections of revenues, income or loss, earnings per share,
capital expenditures, dividends, capital structure and other financial
items, (ii) statements of our plans and objectives with respect to
business transactions and enhancement of shareholder value, (iii)
statements of future economic performance, and (iv) statements of
assumptions underlying other statements and statements about our
business prospects.

The following Management's Discussion and Analysis of Financial
Condition and Results of Operations should be read in conjunction with
our financial statements and the notes thereto appearing elsewhere in
this report.

The primary business focus of Raven Moon Entertainment, Inc. (the
"Company" or "Raven Moon") is the development and production of family
G-Rated children's television programs and animated movies, DVD's, CD
music products, music publishing and talent management.

The Company has recently announced the completion of 13 new episodes of
"Sing Along With Gina D."  Combined with the 31 completed episodes of
the "Gina D Kids Club" the Company now has 44 television episodes and
44 DVD titles available for distribution.  The production of "Gina D's
Kids Club" has resulted in a music library of over 350 original songs,
and a cast of characters which are suitable for licensing and
merchandising opportunities.  The Company's future revenue stream is
dependant on its worldwide television exposure of both the "Gina D's
Kids Club" and the Company's ability to sell DVD's, music CD's and
other merchandise from the programs in the marketplace.

During November 2006, the Company announced that Trinity Broadcasting
had given "Gina D's Kids Club" a second tie slot that will air seven
days a week.  Once the company has the program in a position where it's
airing regularly on a station or network which is considered a
destination for kids, management believes there are numerous
opportunities in a billion dollar licensing and merchandising market
for preschool kids.  Raven Moon management has already explored these
opportunities and has met with prominent industry leaders who have
recommended the company adapt a strategy which will allow Raven Moon to
build upon the "Gina D's Kids Clubr" brand.

In addition to "Gina D's Kids Club", Raven Moon has begun developing a
movie called "GINA D & THE TRANSISTOR SISTERS - In Search of the Golden
Recordr" and has launched "GINA D'S READING ACROSS AMERICA PROGRAM"
LIVE.  The Company has already produced a "Mr. Bicycle Man" Public
Service Announcement and a trailer for the "BoBo Tales" and "TED TV"
television series.

The "Gina D's Kids Club" began airing on television once a week in
September 2004, through the efforts of our syndicator Role
Entertainment.  In order to maximize our airtime exposure to five days
like programs such as "Sesame Street", "Arthur" and "Barney", we
decided to move the program to PBS public television stations.  The
Company signed a 27-month agreement with WPBT-PBS, Miami to be our
presenting station through American Public Television ("APT"), so that
we can get our programs on public television stations beginning with a
June 2006 launch date.  The Company had to produce an additional 16
half-hour episodes at an approximate cost of $4,000,000.  Six (6) of
those programs planned for delivery to public television stations in
June 2006 were produced in February 2006.  It is an assumption that as
part of our business plan, the completion of a total of 40 episodes and
saturated visibility on worldwide television exposure could create
multiple revenue streams which includes worldwide licensing and
merchandising opportunities for DVD's, CD's, and toys that have been
inspired by the show.  Of course, the programs will need to be accepted
by the viewers, the licensees and the retailers.  Parents told us that
they wanted better programming for their children, and we are committed
to our goal of providing the very best in family values children's
entertainment.

In 2002, Raven Moon Entertainment, Inc. created a wholly owned
subsidiary called JB Toys, LLC which will control the exclusive
licensing and merchandising rights to the following product lines for a
period of ten years: The "Cuddle Bug", "The Christmas Cuddle Bug", "The
Cuddle Bug Cousins", "The Birthday Cuddle Bugs", "The BoBo Blocks", and
"Mr. Bicycle Man".  Raven Moon will receive 15% of gross profits
received by JB Toys, LLC for ten years.  Because the Company recently
signed a television distribution contract with DLT Entertainment, LLC
(a major company located in New York, Los Angeles and London) for a new
show called BOBO TALES, the contract for the BOBO BLOCKS was recently
renewed for an additional ten years with Tri-Color Entertainment, Inc.
and JB Toys, LLC.

In 2002, Raven Moon Entertainment, Inc, formed a subsidiary named Raven
Moon Home Video Products, LLC, which was spun-off into a separate
corporation known as Clubhouse Videos, Inc. in 2003.  In exchange,
Raven Moon Entertainment, Inc. received a small minority stock interest
in Clubhouse Videos, Inc. which was distributed to its shareholders and
was to initially be paid $1,000,000 and a royalty from DVD sales from
the first three GINA D'S KIDS CLUB(R) episodes.  To date, Clubhouse
Videos, Inc. has not paid anything to Raven Moon Entertainment, Inc.
and therefore forfeited its rights to the DVD's which reverted back to
Raven Moon Entertainment, Inc.

  Results of Operations - Three-months ended March 31, 2007 and 2006
  ------------------------------------------------------------------

Revenue
-------

Revenues are generated from the sale of rights, licenses, and toys
inspired by the children entertainment productions of Raven Moon
Entertainment.

Total revenues for the three-months ended March 31, 2007 and 2006 were
$3,061 and $0, respectively, an increase of $3,061.

Cost of Goods Sold
------------------

Cost of goods sold for the three-months ended March 31, 2007 and 2006
were $1,530 and $213, respectively.

Expenses
--------

Expenses for the three-months ended March 31, 2007 and 2006 were
$6,326,882 and $2,139,339, respectively, an increase of $4,187,543.

The increase was primarily due to the significantly larger number of
shares of common stock that were issued for services during the 2007
quarter as well as the higher average fair market price on days during
which those shares were issued.

Consulting fees and production expenses accounted for the majority of
the expenses incurred by the Company.  The Company only has two full
time employees and relies heavily on outside consultants and production
facilities to operate on a daily basis.

Net Loss
--------

For the three-months ended March 31, 2007, the Company recorded a net
loss of $6,324,713 as compared to a net loss of $2,132,437 for the
three-months ended March 31, 2006.  The increased net loss of
$4,192,276 is primarily attributable to an increase in production costs
and expenses.

Income Taxes
------------

As a result of the losses recorded in prior years, no provision was
made for income taxes for the current interim period.

Liquidity
---------

At March 31, 2007, the Company had $40,768 of cash on hand, as compared
to $37,324 in cash on hand at December 31, 2006.

The Company has total assets and liabilities of $252,426 and
$7,264,275, respectively, at March 31, 2007.  Since December 31, 2006,
assets and liabilities have increased $137,344 and $325,928,
respectively.  For the three-months ended March 31, 2007 and March 31,
2006, cash used by operations was $11,556 and $673,594, respectively.

These circumstances raise substantial doubt about the Company's ability
to continue as a going concern.  The Company's ability to continue as a
going concern is dependent upon our ability to sell our stock at
discounted prices to existing shareholders to generate cash, and upon
the acceptance by many of our vendors and independent contractors to
continue to provide services to us in exchange for shares of our stock.
Adequate funds may not be available when needed or may not be available
on terms favorable to the Company.  If the Company is unable to secure
sufficient funding, the Company may be unable to develop or enhance its
products and services, take advantage of business opportunities,
respond to competitive pressures or grow the Company's business in the
manner that the Company's management believes is possible.  This could
have a negative effect on the Company's business, financial condition
and results of operations.  Without such support, the Company may not
be able to meet its working capital requirements and accordingly the
Company and its subsidiaries may need to reorganize and seek protection
from its creditors.

In addition, during the quarter ended March 31, 2006, the stockholders
voted to amend Raven Moon's Certificate of Incorporation to increase
the authorized common shares from 15 billion to 30 billion shares.  The
additional shares have been, and will continue to be, made available to
conduct a variety of corporate transactions, such as public offerings,
private placements, employee and consultant compensation plans.  The
company is currently engaged in ongoing negotiations with several
different syndication partners.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In July 2006, the FASB issued Interpretation No. 48, " Accounting for
Uncertainty in Income  Taxes" (" FIN48"), an interpretation of FASB
Statement No. 109.  FIN48 establishes the threshold for recognizing the
benefits of tax-return positions in the financial statements as more-
likely-than-not to be sustained by the taxing authorities, and
prescribes a measurement methodology for those positions meeting the
recognition threshold.  The Company has not yet determined the
estimated impact on its financial condition or results of operations,
if any, of adopting FIN 48 which becomes effective for the fiscal year
beginning after December 15, 2006.

In September 2006, the FASB issued SFAS No. 157, "Fair Value
Measurements."  SFAS 157 defines fair value, establishes a framework
for measuring fair value in generally accepted accounting principles
(GAAP), and expands disclosures about fair measurements.  This
Statement applies under other accounting pronouncements that require or
permit fair value measurements, the FASB having previously concluded in
those accounting pronouncements that fair value is the relevant
measurement attribute.  Accordingly, this Statement does not require
any new fair value measurements.  However, for some entities, the
application of this Statement will change current practice.  The
Company has not yet determined the estimated impact on its financial
condition or results of operations, if any, of adopting SFAS No. 157,
which becomes effective for the fiscal years beginning after November
15, 2007.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option
for Financial Assets and Financial Liabilities-Including an amendment
of FASB Statement No. 115."  SFAS 159 permits entities to choose to
measure many financial instruments and certain other items at fair
value.  The objective is to improve financial reporting by providing
entities with the opportunity to mitigate volatility in reported
earnings caused by measuring related assets and liabilities differently
without having to apply complex hedge accounting provisions.  This
Statement is expected to expand the use of fair value measurement,
which is consistent with the Board's long-term measurement objectives
for accounting for financial instruments.  Raven Moon does not expect
the adoption of SFAS No. 159 to significantly affect its financial
condition or results of operations, which becomes effective for the
fiscal years beginning after November 15, 2007.

ITEM 3. Controls and Procedures

(a) Under the supervision and with the participation of our principal
executive officer and principal financial officer, we conducted an
evaluation of the design and operation of our disclosure controls and
procedures, as such term is defined under Rules 13a-14(c) and 15d-14(c)
promulgated under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), as of the end of the period covered by this quarterly
report (the "Evaluation Date").  Based on that evaluation, our
principal executive officer and our principal financial officer
concluded that the design and operation of our disclosure controls and
procedures were effective to ensure that information required to be
included in our Securities and Exchange Commission reports is recorded,
processed, summarized and reported within the time periods specified in
the Commission's rules and forms.

(b) In addition, there were no significant changes in our internal
controls or in other factors that could significantly affect these
controls subsequent to the Evaluation Date, including any corrective
actions with regard to significant deficiencies and material
weaknesses.

Item 3A(T) Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in the
Company's reports under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC's
rules and forms, and that such information is accumulated and
communicated to management, including the Company's Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely
decisions regarding required disclosure. The Company's management, with
participation of the Company's Chief Executive Officer and Chief
Financial Officer, same persons, has evaluated the effectiveness of the
Company's disclosure controls and procedures as of the end of the
fiscal quarter covered by this Report as well as the year ended
December 31, 2007.  The Company's Chief Executive Officer/Chief
Financial Officer have concluded that, as of the end of the period
covered by this Report and the Report on Form 10-KSB, the Company's
disclosure controls and procedures were satisfactory.


                                  Part II.

Item 1.  Legal Proceedings
None.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds
None.

Item 3.  Defaults Upon Senior Securities
None.

Item 4.  Submission of Matters to Vote of Security Holders

On February 1, 2007 the holders of majority of the outstanding common
stock of the Company, approved a 4000 to 1 reverse stock split of the
Company's Common Stock to be effective March 8, 2007.  The stock split
does not change the number of authorized shares of common stock of the
Company.

Item 5.  Other Information
None.

Item 6.  Exhibits

 (a)  Exhibits and Index of Exhibits
31.  Rule 13a-14(a)/15d-14(a) Certifications pursuant to Section
302 of the Sarbanes-Oxley Act of 2002.
32.  Section 1350 Certification pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.

 (b)  Reports on Form 8-K.
  No reports were filed on Form 8-K for the period ended March 31,
    2007.


SIGNATURE

In accordance with the requirements of the Exchange Act, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

				RAVEN MOON ENTERTAINMENT, INC.
				------------------------------
				(Registrant)

    Date:  May 14, 2007		By: /s/ Joseph DiFrancesco
				------------------------------
				Joseph DiFrancesco, President



							EXHIBIT 31

                 CERTIFICATION PURSUANT TO RULE 13a
                    14(a)/15D-14(a) and SECTION
                   302 OF THE SARBANES-OXLEY ACT

I, Joey DiFrancesco, President and Chief Executive Officer (principal
executive officer) and principal financial officer of Raven Moon
Entertainment, Inc. (the "Registrant"), certify that:

1.  I have reviewed this quarterly report on Form 10-QSB of the
Registrant;

2.  Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this quarterly report;

3.  Based on my knowledge, the financial statements, and other
financial information included in this quarterly report, fairly present
in all material respects the financial condition, results of operations
and cash flows of the registrant as of, and for, the periods presented
in this quarterly report;

4.  The registrant's other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
we have:
	a) designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this quarterly report
is being prepared;
	b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to the filing
date of this quarterly report (the "Evaluation Date"); and
	c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date.

5.  The registrant's other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and
the audit committee of registrant's board of directors (or persons
performing the equivalent function):
	a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's ability
to record, process, summarize and report financial data and have
identified for the registrant's auditors any material weaknesses in
internal controls; and
	b) any fraud, whether or not material, that involves management
or other employees who have a significant role in the registrant's
internal controls.

  Dated: May 14, 2007		/s/ Joseph DiFrancesco
				-----------------------------------
				Joey DiFrancesco, President,
				Chief Executive Officer and
				Principal Financial Officer





							EXHIBIT 32


CERTIFICATION PURSUANT TO 18 U.S.C.SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Raven Moon Entertainment,
Inc. (the "Registrant") on Form 10-QSB for the period ended March 31,
2007, as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), I, Joey DiFrancesco, President, Chief Executive
Officer and principal financial officer of the Registrant, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all
material respects, the financial condition and result of operations of
the Registrant.

Dated: May 14, 2007		/s/ Joseph DiFrancesco
				-----------------------------
				Joey DiFrancesco, President,
				Chief Executive Officer and
				Principal Financial Officer







14