**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

----

----

**March        31, 2007**

**3**
**33-120908**

**GLOBAL        MUSIC INTERNATIONAL, INC.**

| **Florida**                                                                       | **20-1354562**                                   |
|-----------------------------------------------------------------------------------|--------------------------------------------------|
| (State                    or other jurisdiction of incorporation or organization) | (I.R.S.                    Employer I.D. Number) |

**30        Grassy Plain Street, Suite 7, Bethel, Connecticut 06801**

**(203)        730-0888**

----

**INDEX**

|                                                                                                                    |                          |
|-------------------------------------------------------------------------------------------------------------------------|-------------------------------|
|                                                                                                                    | **Page                  No.** |
|                                                                                                                    |                          |
| **PART                  1. FINANCIAL INFORMATION**                                                                      |                          |
|                                                                                                                    |                          |
| Item                  1. Financial                  Statements                                                | 3                             |
|                                                                                                                    |                          |
| Condensed                  Balance Sheet, March 31, 2007 (unaudited) and June 30, 2006                  (audited)  | 3                             |
|                                                                                                                    |                          |
| Condensed                  Statements of Operations, for the three and nine month periods                  ended        |                          |
| March                  31, 2007 and 2006 and Cumulative from Inception (July 1, 2004)                  to               |                          |
| March                  31, 2007 (unaudited)                                                                        | 4                             |
|                                                                                                                    |                          |
| Condensed                  Statement of Changes in Stockholders’ Deficiency, Cumulative from                      |                          |
| Inception                  (July 1, 2004) to March 31, 2007 (unaudited)                                            | 5                             |
|                                                                                                                    |                          |
| Condensed                  Statements of Cash Flows, for the nine month periods ended                                   |                          |
| March                  31, 2007 and 2006 and Cumulative from Inception (July 1, 2004)                  to               |                          |
| March                  31, 2007 (unaudited)                                                                        | 6                             |
|                                                                                                                    |                          |
| Notes                  to Condensed Financial Statements (unaudited)                                               | 7                             |
|                                                                                                                    |                          |
| Item                  2. Management’s                  Discussion and Analysis or Plan of Operation     | 12                            |
|                                                                                                                    |                          |
| Item                  3. Controls                  and Procedures                                             | 12                            |
|                                                                                                                    |                          |
| **PART                  II. OTHER INFORMATION**                                                                         |                          |
|                                                                                                                    |                          |
| Item                  1. Legal                  Proceedings                                                   | 13                            |
|                                                                                                                    |                          |
| Item                  2. Unregistered                  Sales of Equity Securities and Use of Proceeds         | 13                            |
|                                                                                                                    |                          |
| Item                  3. Defaults                  Upon Senior Securities                                     | 13                            |
|                                                                                                                    |                          |
| Item                  4. Submission                  of Matters to a Vote of Security Holders                 | 13                            |
|                                                                                                                    |                          |
| Item                  5. Other                  Information                                                   | 13                            |
|                                                                                                                    |                          |
| Item                  6. Exhibits                                                                   | 13                            |

----

| **PART                1.**                          | **FINANCIAL                INFORMATION** |                                    |   |   |   |   |   |
|-----------------------------------------------------|------------------------------------------|-----------------------------------------|--------|--------|--------|--------|--------|
|                                                |                                     |                                    |   |   |   |   |   |   |
|                                                | **Item                1.**               | **Financial                Statements** |   |   |   |   |   |   |
|                                                |                                     |                                    |   |   |   |   |   |   |   |   |
| **GLOBAL                MUSIC INTERNATIONAL, INC.** |
| **(A                DEVELOPMENT STAGE COMPANY)**    |
| **CONDENSED                BALANCE SHEETS**         |

| **ASSETS**                                                                                                              |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                    |   |   |   |    |   |
|                                                                                                                    |   | **March                31, 2007** |   |  **June                30, 2006** |   |
|                                                                                                                    |   | **(unaudited)** |   |  **(audited)** |   |
| **Cash**                                                                                                                |   | $ | 4,953 |   | $ | 5,222 |   |
| **Accounts                Receivable**                                                                                  |   |   | 22,409 |   |   | 19,935 |   |
| **Prepaid                License Fees**                                                                                 |   |   | 50,000 |   |   | 3,408 |   |
| **Other                Current Assets**                                                                                 |   |   | 5,100 |   |   | 2,600 |   |
| **Total                Current Assets**                                                                                 |   |   | 82,462 |   |   | 31,165 |   |
|                                                                                                                    |   |   |   |   |   |   |   |
| **Property                and Equipment, net**                                                                          |   |   | 30,691 |   |   | 59,912 |   |
| **TOTAL                ASSETS**                                                                                         |   | $ | 113,153 |   | $ | 91,077 |   |
| **LIABILITIES                AND STOCKHOLDERS' DEFICIENCY**                                                             |
|                                                                                                                    |   |   |   |   |   |   |   |
| **LIABILITIES**                                                                                                         |   |   |   |   |   |   |   |
| **Accounts                Payable**                                                                                     |   | $ | 17,000 |   | $ | 27,341 |   |
| **Accrued                Expenses**                                                                                     |   |   | 8,001 |   |   | 6,261 |   |
| **Accrued                Executive Wages**                                                                              |   |   | 87,500 |   |   | - |   |
| **Convertible                Debt**                                                                                     |   |   | 1,932,306 |   |   | 1,404,743 |   |
| **Total                Current Liabilities**                                                                            |   |   | 2,044,807 |   |   | 1,438,345 |   |
|                                                                                                                    |   |   |   |   |   |  |   |
| **STOCKHOLDERS'                DEFICIENCY**                                                                             |   |   |   |   |   |   |   |
| **Common                Stock, $.0001 par value,**                                                                      |   |   |   |   |   |   |   |
| **40,000,000                shares authorized, 22,147,000**                                                             |   |   |  |   |   |  |   |
| **and                22,117,000 shares issued and outstanding**                                                         |   |   | 2,215 |   |   | 2,212 |   |
| **Common                Stock To Be Issued**                                                                            |   |   | 50,625 |   |   | 60,000 |   |
| **Additional                Paid-In Capital**                                                                           |   |   | 2,584,767 |   |   | 1,099,069 |   |
| **Unearned                Compensation**                                                                                |   |   | (13,333 | ) |   | (196,833 | ) |
| **Deficit                Accumulated During the Development Stage**                                                     |   |   | (4,555,928 | ) |   | (2,311,716 | ) |
| **Total                Stockholders' Deficiency**                                                                       |   |   | (1,931,654 | ) |   | (1,347,268 | ) |
| **TOTAL                LIABILITIES AND STOCKHOLDERS' DEFICIENCY**                                                       |   | $ | 113,153 |   | $ | 91,077 |   |
|                                                                                                                    |   |   |   |   |   |   |   |
| ***The                accompanying notes are an integral part of these condensed financial                statements*** |

----

| **GLOBAL                MUSIC INTERNATIONAL, INC.**               |
|-------------------------------------------------------------------|
| **(A                DEVELOPMENT STAGE COMPANY)**                  |
| **CONDENSED                STATEMENTS OF OPERATIONS (UNAUDITED)** |

|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       | **Cumulative                From Inception** |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|------------|--------------------------------------------|--------|--------------------------------------|--------|-----------------------------------|------------|----------------------------------------------|--------|
|                                                                                                                    |   | **Three                Month Period Ended** |       | **Nine                Month Period Ended** |   | **(July                1, 2004) To** |   |
|                                                                                                                    |   | **March                31, 2007**           |       | **March                31, 2006**          |   | **March                31, 2007**    |   | **March                31, 2006** |       | **March                31, 2007**            |   |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |
| **Revenues**                                                                                                            |   | $                                           | 21,000     |                                       | $      | 9,547                                |   | $                                 | 71,794     |                                         | $      | 9,547 |   | $ | 126,526 |   |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
| **Operating                expenses**                                                                                   |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
| **Consulting                and Professional Fees Expense**                                                             |   |                                        | 21,500     |                                       |   | 135,700                              |   |                              | 208,500    |                                         |   | 294,424 |   |   | 670,491 |   |
| **Compensation                and Benefits Expense**                                                                    |   |                                        | 910,870    |                                       |   | -                                    |   |                              | 910,870    |                                         |   | - |   |   | 910,870 |   |
| **General                and Administrative Expenses**                                                                  |   |                                        | 107,936    |                                       |   | 51,006                               |   |                              | 266,936    |                                         |   | 130,312 |   |   | 544,965 |   |
| **License                Fees**                                                                                         |   |                                        | 100,000    |                                       |   | -                                    |   |                              | 150,000    |                                         |   | - |   |   | 150,000 |   |
| **Interest                Expense**                                                                                     |   |                                        | 706,901    |                                       |   | 16,742                               |   |                              | 741,130    |                                         |   | 50,972 |   |   | 894,204 |   |
| **Depreciation                Expense**                                                                                 |   |                                        | 12,857     |                                       |   | 11,670                               |   |                              | 38,570     |                                         |   | 34,748 |   |   | 125,924 |   |
|                                                                                                                    |   |                                        | 1,860,064  |                                       |   | 215,118                              |   |                              | 2,316,006  |                                         |   | 510,456 |   |   | 3,296,454 |   |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
|  **Loss                Before Provision For Income Taxes**                                                         |   |                                        | (1,839,064 | )                                          |   | (205,571                             | )      |                              | (2,244,212 | )                                            |   | (500,909 | ) |   | (3,169,928 | ) |
| **Provision                For Income Taxes**                                                                           |   |                                        | -          |                                       |   | -                                    |   |                              | -          |                                         |   | - |   |   | 500 |   |
|  **Net                Loss**                                                                                       |   | $                                           | (1,839,064 | )                                          | $      | (205,571                             | )      | $                                 | (2,244,212 | )                                            | $      | (500,909 | ) | $ | (3,170,428 | ) |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
| **Basic                Net Loss Per Common Share**                                                                      |   | $                                           | (0.08      | )                                          | $      | (0.01                                | )      | $                                 | (0.10      | )                                            | $      | (0.02 | ) |   |   |   |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
| **Weighted                Average Basic Common Shares Outstanding**                                                     |   |                                        | 22,150,709 |                                       |   | 22,088,000                           |   |                              | 22,139,119 |                                         |   | 22,117,000 |   |   |   |   |
|                                                                                                                    |   |                                        |       |                                       |   |                                 |   |                              |       |                                         |   |   |   |   |   |   |
| ***The                accompanying notes are an integral part of these condensed financial                statements*** |

----

| **GLOBAL                MUSIC INTERNATIONAL, INC.**                                                      |
|----------------------------------------------------------------------------------------------------------|
| **(A                DEVELOPMENT STAGE COMPANY)**                                                         |
| **STATEMENT                OF CHANGES IN STOCKHOLDERS' DEFICIENCY**                                      |
| **CUMULATIVE                FROM INCEPTION (JULY 1, 2004) TO MARCH 31, 2007                (UNAUDITED)** |

|                                                                                                                    |       |                            |       |                                    |       |           | ** ** | **  **   | ** ** | **  **                   | ** ** | **  **       | ** ** | **Deficit                Accumulated** | ** ** | **Total**      | ** ** |
|-------------------------------------------------------------------------------------------------------------------------|------------|---------------------------------|------------|----------------------------------------------|------------|----------------|------------|--------------------|------------|------------------------------------|------------|------------------------|------------|----------------------------------------|------------|----------------|------------|
| ** **                                                                                                              | ** ** | **Common                Stock** | ** ** | **Common                Stock to be Issued** | ** ** | **Additional** | ** ** | ** Unearned** | ** ** | **During                the**      | ** ** | **Stockholders'**      | ** ** |
| ** **                                                                                                              | ** ** | **Shares**                      | ** ** | **Value**                                    | ** ** | **Shares**     | ** ** | **Value**          | ** ** | **Paid-in                Capital** | ** ** | ** Compensation** | ** ** | **Development                Stage**   | ** ** | **Deficiency** |       |
|                                                                                                                    |       |                            |       |                                    |       |           |       |          |       |                          |       |              |       |                              |       |      |       |
| Common                Stock                                                                                             |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Issued                in connection with:                                                                               |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Incorporation                (July 1, 2004)                                                                             |       |                            | 20,350,000 |                                         | $          | 2,035          |       |               | -          |                               | $          | -                      |       | $                                      | -          |           | $          | - |   | $ | - |   | $ | 2,035 |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Private                placements                                                                                       |       |                            | 1,507,000  |                                         |       | 151            |       |               | -          |                               |       | -                      |       |                                   | 589,995    |           |       | - |   |   | - |   |   | 590,146 |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Consulting                Services & Officers' Compensation                                                         |       |                            | 290,000    |                                         |       | 29             |       |               | -          |                               |       | -                      |       |                                   | 569,071    |           |       | (569,100 | ) |   | - |   |   | - |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Amortization                of Unearned Compensation                                                                    |       |                            | -          |                                         |       | -              |       |               | -          |                               |       | -                      |       |                                   | -          |           |       | 555,767 |   |   | - |   |   | 555,767 |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Common                Stock to be Issued                                                                                |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| in                connection with Consulting Services                                                                   |       |                            | -          |                                         |       | -              |       |               | 37,500     |                               |       | 50,625                 |       |                                   | (50,625    | )              |       | - |   |   | - |   |   | - |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Stock                based compensation in connection with                                                              |       |                            |            |                                         |       |                |       |               |            |                               |       |                        |       |                                   |            |           |       |  |   |   |  |   |   |  |   |
| consulting                services                                                                                      |       |                            | -          |                                         |       | -              |       |               | -          |                               |       | -                      |       |                                   | 12,656     |           |       | - |   |   | - |   |   | 12,656 |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Issuance                of Stock Options for Employee Compensation                                                      |       |                            | -          |                                         |       | -              |       |               | -          |                               |       | -                      |       |                                   | 790,870    |           |       | - |   |   | - |   |   | 790,870 |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Beneficial                Conversion Feature Associated with                                                            |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Convertible                Debt                                                                                         |       |                            | -          |                                         |       | -              |       |               | -          |                               |       | -                      |       |                                   | 672,800    |           |       | - |   |   | - |   |   | 672,800 |   |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Dividend                                                                                                                |       |                            | -          |                                         |       | -              |       |               | -          |                               |       | -                      |       |                                   | -          |           |       | - |   |   | (1,385,500 | ) |   | (1,385,500 | ) |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Net                loss                                                                                                 |       |                            | -          |                                         |       | -              |       |               | -          |                               |       | -                      |       |                                   | -          |           |       | - |   |   | (3,170,428 | ) |   | (3,170,428 | ) |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| Balance,                March 31, 2007                                                                                  |       |                            | 22,147,000 |                                         | $          | 2,215          |       |               | 37,500     |                               | $          | 50,625                 |       | $                                      | 2,584,767  |           | $          | (13,333 | ) | $ | (4,555,928 | ) | $ | (1,931,654 | ) |
|                                                                                                                    |       |                            |       |                                         |       |           |       |               |       |                               |       |                   |       |                                   |       |           |       |   |   |   |   |   |   |   |   |
| ***The                accompanying notes are an integral part of these condensed financial                statements*** |

----

| **GLOBAL                MUSIC INTERNATIONAL, INC.**               |   |   |
|-------------------------------------------------------------------|--------|--------|
| **(A                DEVELOPMENT STAGE COMPANY)**                  |   |   |
| **CONDENSED                STATEMENTS OF CASH FLOWS (UNAUDITED)** |   |   |

|                                                                                                                    |   |                                       |       |                              |   | **Cumulative                From**          |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|------------|-----------------------------------|--------|---------------------------------------------|--------|
|                                                                                                                    |   |                                       |       |                              |   | **Inception                (July 1, 2004)** |   |
|                                                                                                                    |   | **Nine                Month Period Ended** |       | **To**                            |   |
|                                                                                                                    |   | **March                31, 2007**          |       | **March                31, 2006** |   | **March                31, 2007**           |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES:**                                                                |   |                                       |       |                              |   |                                        |   |   |   |   |
| **Net                loss**                                                                                             |   | $                                          | (2,244,212 | )                                 | $      | (500,909                                    | )      | $ | (3,170,428 | ) |
| **Adjustments                to reconcile net loss to net cash**                                                        |   |                                       |       |                              |   |                                        |   |   |   |   |
| **used                in operating activities:**                                                                        |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **Depreciation                expense**                                                                           |   |                                       | 38,570     |                              |   | 34,748                                      |   |   | 125,924 |   |
| **Compensation                expense pursuant to common stock**                                                        |   |                                       |       |                              |   |                                        |   |   |  |   |
|  **issued                to founders at time of incorporation**                                                    |   |                                       | -          |                              |   | -                                           |   |   | 2,035 |   |
| **Consulting                and compensation expense pursuant to common**                                               |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **stock                issued in exchange for services received**                                                 |   |                                       | 196,156    |                              |   | 229,700                                     |   |   | 568,423 |   |
|  **Compensation                expense pursuant to issuance of stock options**                                     |   |                                       | 790,870    |                              |   | -                                           |   |   | 790,870 |   |
|  **Amortization                of debt discount to interest expense**                                              |   |                                       | 672,800    |                              |   | -                                           |   |   | 672,800 |   |
| **Changes                in assets and liabilities:**                                                                   |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **(Increase)                decrease in:**                                                                        |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **Accounts                Receivable**                                                                            |   |                                       | (2,474     | )                                 |   | -                                           |   |   | (22,409 | ) |
|  **Prepaid                License Fees**                                                                           |   |                                       | (46,592    | )                                 |   | -                                           |   |   | (50,000 | ) |
|  **Other                Current Assets**                                                                           |   |                                       | (2,500     | )                                 |   | (7,513                                      | )      |   | (5,100 | ) |
|  **Increase                (decrease) in:**                                                                        |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **Accounts                Payable**                                                                               |   |                                       | (10,341    | )                                 |   | (4,239                                      | )      |   | 17,000 |   |
|  **Accrued                Expenses**                                                                               |   |                                       | 1,740      |                              |   | 6,500                                       |   |   | 8,001 |   |
|  **Accrued                Interest**                                                                               |   |                                       | 68,340     |                              |   | 50,972                                      |   |   | 221,403 |   |
|  **Accrued                Executive Wages**                                                                        |   |                                       | 87,500     |                              |   | -                                           |   |   | 87,500 |   |
| **Net                cash used in operating activities**                                                                |   |                                       | (450,143   | )                                 |   | (190,741                                    | )      |   | (753,981 | ) |
| **CASH                FLOWS FROM INVESTING ACTIVITIES:**                                                                |   |                                       |       |                              |   |                                        |   |   |   |   |
| **Purchases                of Property and Equipment**                                                                  |   |                                       | (9,349     | )                                 |   | (7,809                                      | )      |   | (42,115 | ) |
| **Net                cash used in investing activities**                                                                |   |                                       | (9,349     | )                                 |   | (7,809                                      | )      |   | (42,115 | ) |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                                |   |                                       |       |                              |   |                                        |   |   |   |   |
| **Proceeds                from Convertible Debt**                                                                       |   |                                       | 476,000    |                              |   | 100,000                                     |   |   | 596,000 |   |
| **Repayments                of Convertible Debt**                                                                       |   |                                       | (16,777    | )                                 |   | -                                           |   |   | (385,097 | ) |
| **Proceeds                from Private Placement Offering, net**                                                        |   |                                       | -          |                              |   | -                                           |   |   | 590,146 |   |
|                                                                                                                    |   |                                       |       |                              |   |                                        |   |   |   |   |
| **Net                cash provided by financing activities**                                                            |   |                                       | 459,223    |                              |   | 100,000                                     |   |   | 801,049 |   |
| **Increase                (decrease) in cash**                                                                          |   |                                       | (269       | )                                 |   | (98,550                                     | )      |   | 4,953 |   |
| **Cash,                beginning of period**                                                                            |   |                                       | 5,222      |                              |   | 117,058                                     |   |   | - |   |
| **Cash,                end of period**                                                                                  |   | $                                          | 4,953      |                              | $      | 18,508                                      |   | $ | 4,953 |   |
|                                                                                                                    |   |                                       |       |                              |   |                                        |   |   |   |   |
| **Supplemental                disclosures of cash flow information:**                                                   |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **Non-cash                investing and financing activities**                                                    |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **Note                payable recorded in connection with purchase of**                                           |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **equipment                and recognition of dividend to officer / director**                                    |   | $                                          | -          |                              | $      | -                                           |   | $ | 1,500,000 |   |
|  **Unearned                Compensation issued in connection with common**                                         |   |                                       |       |                              |   |                                        |   |   |   |   |
|  **stock                issued in exchange for services to be rendered**                                           |   | $                                          | 50,625     |                              | $      | 335,500                                     |   | $ | 619,725 |   |
| ***The                accompanying notes are an integral part of these condensed financial                statements*** |

----

**GLOBAL      MUSIC INTERNATIONAL, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE      1 - BASIS OF PRESENTATION**

**NOTE      2 - SIGNIFICANT ACCOUNTING POLICIES**

**NATURE      OF OPERATIONS**

**DEVELOPMENT      STAGE COMPANY**

**USE      OF ESTIMATES**

**REVENUE      RECOGNITION**

----

**GLOBAL      MUSIC INTERNATIONAL, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS (**
***Continued)***

**(UNAUDITED)**

**NOTE      2 - SIGNIFICANT ACCOUNTING POLICIES **
***(Continued)***

**STOCK      BASED COMPENSATION**

*Share-Based      Payment”*

**NET      LOSS PER COMMON SHARE**

*Earnings      per Share*

**RECENT      ACCOUNTING PRONOUNCEMENTS**

**NOTE      3 - CONTROL**

----

**GLOBAL      MUSIC INTERNATIONAL, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS (**
***Continued)***

**(UNAUDITED)**

**NOTE      4 - UNEARNED COMPENSATION**

**NOTE      5 - CONVERTIBLE DEBT**

|                                                                                                                                                                           |   | **March                31, 2007** | ** ** | **June                30, 2006** |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|------------|----------------------------------|--------|
| Unsecured                working capital advances from Treasurer/Director, due on demand,                with                interest at 6%                                    |   | $                                 | 389,223    |                             | $      | 120,000 |   |
|                                                                                                                                                                           |   |                              |       |                             |   |   |   |
| Note                payable to Treasurer/Director, secured by substantially all of the                assets                of the Company, due on demand, with interest at 6% |   |                              | 1,131,680  |                             |   | 1,131,680 |   |
|                                                                                                                                                                           |   |                              |       |                             |   |   |   |
| Term                loans payable, due from May 30, 2007 through December 30, 2007, with                interest ranging from 6 - 9%                                           |   |                              | 190,000    |                             |   | - |   |
|                                                                                                                                                                           |   |                              |       |                             |   |   |   |
|                                                                                                                                                                           |   |                              | 1,710,903  |                             |   | 1,251,680 |   |
|                                                                                                                                                                           |   |                              |       |                             |   |   |   |
| Accrued                interest on above arrangements                                                                                                                          |   |                              | 221,403    |                             |   | 153,063 |   |
|                                                                                                                                                                           |   | $                                 | 1,932,306  |                             | $      | 1,404,743 |   |

**WORKING      CAPITAL ADVANCES**

----

**GLOBAL      MUSIC INTERNATION, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS**
***(CONTINUED)***

**(UNAUDITED)**

**NOTE      5- CONVERTIBLE DEBT **
***(CONTINUED***
**)**

**NOTE      PAYABLE **

**TERM      LOANS PAYABLE**

**CONVERSION      FEATURE**

*“Accounting      for Convertible Securities with Beneficial Conversion      Features,”*
*“Application      of EITF 98-5 to Certain Convertible Instruments,”*

**NOTE      6 - STOCK OPTIONS**

**NOTE      7 - OPERATING LEASES**

----

**GLOBAL      MUSIC INTERNATIONAL, INC**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS **
***CONTINUED***

**(UNAUDITED)**

**NOTE      8 - AGREEMENTS**

**NOTE      9 - GOING CONCERN**

----

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

**Our        Business**

**Plan        of Operation**

|   | · | February                  2005 agreement with RealNetworks |
|--------|--------|------------------------------------------------------------|

|   | · | July                  2005 non-exclusive content license agreement with                  MobileVision |
|--------|--------|-------------------------------------------------------------------------------------------------------|

|   | · | December                  2005 content license agreement with Omnistar Technologies,                  Ltd. |
|--------|--------|------------------------------------------------------------------------------------------------------------|

|   | · | December                  2005 non-exclusive content license agreement with Moli Entertainment                  Ltd. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

**Results        of Operations for Period Ended March 31, 2007**

**Liquidity        and Capital Resources**

**Item        3. 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 **

| **Exhibit                  No.**  | **Description                  of Exhibit**                                                                                                                 |
|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                         | Certification                  of Chief Executive Officer pursuant to Section 302 of the Sarbanes                  Oxley                  Act of 2002  |
| 31.2                              | Certification                  of Chief Financial Officer pursuant to Section 302 of the Sarbanes                  Oxley                  Act of 2002  |
| 32.1                         | Certification                  of Chief Executive Officer pursuant to Section 906                                                                      |
| 32.2                         | Certification                  of Chief Financial Officer pursuant to Section 906                                                                      |

----

**SIGNATURES**

|                              |                                                                             |                                    |
|-----------------------------------|----------------------------------------------------------------------------------|-----------------------------------------|
|                              | **Global                Music International, Inc.**                              |
|                         |                                                                        |                               |
| Date:                May 14, 2007 | By:                                                                    | /s/ James                Fallacaro |
|                              | James                Fallacaro                                                   |
|                              | Chief                  Executive Officer,President                  and Director |

|                                |                                                                                 |                                                      |
|-------------------------------------|--------------------------------------------------------------------------------------|-----------------------------------------------------------|
|                                |                                                                                      |
|                           |                                                                            |                                                 |
| Date:                  May 14, 2007 | By:                                                                        | /s/ David                  R.                  Allen |
|                                | David                  R. Allen                                                      |
|                                | Principal                      Financial and Accounting                      Officer |

----