**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**FORM        10-QSB**

**September        30, 2006**

**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**

| **PART                  1. FINANCIAL INFORMATION**                                                                          |  Page                No. |
|-----------------------------------------------------------------------------------------------------------------------------|-------------------------------|
|                                                                                                                        |                          |
| Item                  1. Financial                  Statements                                               | 3                             |
|                                                                                                                        |                          |
| Condensed                  Balance Sheet, September 30, 2006 (unaudited) and June 30,                  2006       | 3                             |
|                                                                                                                        |                          |
| Condensed                  Statements of Operations, for the three and six month periods ended                              |                          |
| September                  30, 2006 and 2005 and cumulative from inception (July 1, 2004)                  to               |                          |
| September                  30, 2006 (unaudited)                                                                   | 4                             |
|                                                                                                                        |                          |
| Condensed                  Statement of Changes in Stockholders’ Deficiency Cumulative from                           |                          |
| Inception                  (July 1, 2004) to September 30, 2006 (unaudited)                                       | 5                             |
|                                                                                                                        |                          |
| Condensed                  Statements of Cash Flows, for the six month periods ended                                        |                          |
| September                  30, 2006 and 2005 and cumulative from inception (July 1, 2004)                  to               |                          |
| September                  30, 2006 (unaudited)                                                                   | 6                             |
|                                                                                                                        |                          |
| Notes                  to Condensed Financial Statements (unaudited)                                              | 7                             |
|                                                                                                                        |                          |
| Item                  2. Management’s                  Discussion and Analysis or Plan of Operation    | 10                            |
|                                                                                                                        |                          |
| Item                  3. Controls                  and Procedures                                            | 11                            |
|                                                                                                                        |                          |
| **PART                  II. OTHER INFORMATION**                                                                             |                          |
|                                                                                                                        |                          |
| Item                  1. Legal                  Proceedings                                                  | 12                            |
|                                                                                                                        |                          |
| Item                  2. Unregistered                  Sales of Equity Securities and Use of Proceeds        | 12                            |
|                                                                                                                        |                          |
| Item                  3. Defaults                  Upon Senior Securities                                    | 12                            |
|                                                                                                                        |                          |
| Item                  4. Submission                  of Matters to a Vote of Security Holders                | 12                            |
|                                                                                                                        |                          |
| Item                  5. Other                  Information                                                  | 12                            |
|                                                                                                                        |                          |
| Item                  6. Exhibits                                                                       | 12                            |

----

|                       |                                     |                                    |   |   |   |   |   |   |   |   |   |   |
|----------------------------|------------------------------------------|-----------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| **PART                1.** | **FINANCIAL                INFORMATION** |                                    |   |   |   |   |   |   |   |
|                       | **Item                1.**               | **Financial                Statements** |   |   |   |   |   |   |   |   |

| **GLOBAL                MUSIC INTERNATIONAL, INC.** |
|-----------------------------------------------------|
| **(A                DEVELOPMENT STAGE COMPANY)**    |
| **CONDENSED                BALANCE SHEETS**         |

| **ASSETS**                                                            |   |
|-----------------------------------------------------------------------|--------|
|                                                                  |   |   |   |    |   |
|                                                                  |   | **September                30, 2006** |   |    |   |
| **ASSETS**                                                            |   |   | **(unaudited)** |   |   | **June                30, 2006** |   |
| **Cash**                                                              |   | $ | 1,460 |   | **$** | 5,222 |   |
| **Accounts                Receivable**                                |   |   | - |   |   | 19,935 |   |
| **Prepaid                Expenses**                                   |   |   | - |   |   | 3,408 |   |
| **Other                Current Assets**                               |   |   | 2,600 |   |   | 2,600 |   |
| **Total                Current Assets**                               |   |   | 4,060 |   |   | 31,165 |   |
|                                                                  |   |   |   |   |   |   |   |
| **Property                and Equipment, net**                        |   |   | 56,989 |   |   | 59,912 |   |
| **TOTAL                ASSETS**                                       |   | $ | 61,049 |   | **$** | 91,077 |   |
| **LIABILITIES                AND STOCKHOLDERS' DEFICIENCY**           |
|                                                                  |   |   |   |   |   |   |   |
| **LIABILITIES**                                                       |   |   |   |   |   |   |   |
| **Accounts                Payable**                                   |   | $ | 47,136 |   | **$** | 27,341 |   |
| **Accrued                Interest**                                   |   |   | 170,178 |   |   | 153,063 |   |
| **Accrued                Expenses**                                   |   |   | 15,025 |   |   | 6,261 |   |
| **Advance                from Officer / Director**                    |   |   | 161,000 |   |   | 120,000 |   |
| **Note                Payable to Officer / Director**                 |   |   | 1,131,680 |   |   | 1,131,680 |   |
| **Total                Current Liabilities**                          |   |   | 1,525,019 |   |   | 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**                          |   |   | - |   |   | 60,000 |   |
| **Additional                Paid-In Capital**                         |   |   | 1,159,066 |   |   | 1,099,069 |   |
| **Unearned                Compensation**                              |   |   | (112,583 | ) |   | (196,833 | ) |
| **Deficit                Accumulated During the Development Stage**   |   |   | (2,512,668 | ) |   | (2,311,716 | ) |
| **Total                Stockholders' Deficiency**                     |   |   | (1,463,970 | ) |   | (1,347,268 | ) |
| **TOTAL                LIABILITIES AND STOCKHOLDERS' DEFICIENCY**     |   | $ | 61,049 |   | **$** | 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 Periods Ended** |       | **(July                1, 2004) To**  |   |
|                                                                                                                    |   | **September                30, 2006**        |       | **September                30, 2005** |   | **September                30, 2006**        |   |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |
| **Revenues**                                                                                                            |   | $                                            | -          |                                  | $      | -                                            |   | $ | 54,732 |   |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |   |   |   |
| **Expenses**                                                                                                            |   |                                         |       |                                  |   |                                         |   |   |   |   |
| **Consulting                and Professional Fees Expense**                                                             |   |                                         | 83,750     |                                  |   | 81,900                                       |   |   | 545,741 |   |
| **General                and Administrative Expenses**                                                                  |   |                                         | 87,815     |                                  |   | 39,364                                       |   |   | 365,845 |   |
| **Interest                Expense**                                                                                     |   |                                         | 17,115     |                                  |   | 17,115                                       |   |   | 170,188 |   |
| **Depreciation                Expense**                                                                                 |   |                                         | 12,272     |                                  |   | 11,539                                       |   |   | 99,626 |   |
|                                                                                                                    |   |                                         | 200,952    |                                  |   | 149,918                                      |   |   | 1,181,400 |   |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |   |   |   |
|  **Loss                Before Provision For Income Taxes**                                                         |   |                                         | (200,952   | )                                     |   | (149,918                                     | )      |   | (1,126,668 | ) |
| **Provision                For Income Taxes**                                                                           |   |                                         | -          |                                  |   | -                                            |   |   | 500 |   |
|  **Net                Loss**                                                                                       |   | $                                            | (200,952   | )                                     | $      | (149,918                                     | )      | $ | (1,127,168 | ) |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |   |   |   |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |   |   |   |
| **Basic                Net Loss Per Common Share**                                                                      |   | $                                            | (0.01      | )                                     |   | (0.01                                        | )      |   |   |   |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |   |   |   |
| **Weighted                Average Common Shares Outstanding**                                                           |   |                                         | 22,118,233 |                                  |   | 21,937,000                                   |   |   |   |   |
|                                                                                                                    |   |                                         |       |                                  |   |                                         |   |   |   |   |
| ***The                accompanying notes are an integral part of these condensed financial                statements*** |

----

| **GLOBAL                MUSIC INTERNATIONAL, INC.**                                                          |
|--------------------------------------------------------------------------------------------------------------|
| **(A                DEVELOPMENT STAGE COMPANY)**                                                             |
| **CONDENSED                STATEMENT OF CHANGES IN STOCKHOLDERS'                DEFICIENCY**                 |
| **CUMULATIVE                FROM INCEPTION (JULY 1, 2004) TO SEPTEMBER 30, 2006                (UNAUDITED)** |

|                                                                                                                    |       |                            | ** ** | **  ** | ** ** |                               | ** ** | **  **              | ** ** | **Deficit                Accumulated** | ** ** | **Total**      | ** ** |
|-------------------------------------------------------------------------------------------------------------------------|------------|---------------------------------|------------|------------------|------------|------------------------------------|------------|-------------------------------|------------|----------------------------------------|------------|----------------|------------|
| ** **                                                                                                              | ** ** | **Common                Stock** | ** ** | **Additional**   | ** ** | **Unearned**                       | ** ** | **During                the** | ** ** | **Stockholders'**                      | ** ** |
| ** **                                                                                                              | ** ** | **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                                                                    |       |                            | -          |             |       | -                                  |       |                          | -          |                                   |       | 456,517        |       |   | - |   |   | 456,517 |   |
|                                                                                                                    |       |                            |       |             |       |                               |       |                          |       |                                   |       |           |       |   |   |   |   |  |   |
| Dividend                                                                                                                |       |                            | -          |             |       | -                                  |       |                          | -          |                                   |       | -              |       |   | (1,385,500 | ) |   | (1,385,500 | ) |
|                                                                                                                    |       |                            |       |             |       |                               |       |                          |       |                                   |       |           |       |   |   |   |   |  |   |
| Net                loss                                                                                                 |       |                            | -          |             |       | -                                  |       |                          | -          |                                   |       | -              |       |   | (1,127,168 | ) |   | (1,127,168 | ) |
|                                                                                                                    |       |                            |       |             |       |                               |       |                          |       |                                   |       |           |       |   |   |   |   |  |   |
| Balance,                September 30, 2006                                                                              |       |                            | 22,147,000 |             | $          | 2,215                              |       | $                             | 1,159,066  |                                   | $          | (112,583       | )          | $ | (2,512,668 | ) | $ | (1,463,970 | ) |
|                                                                                                                    |       |                            |       |             |       |                               |       |                          |       |                                   |       |           |       |   |   |   |   |   |   |
| ***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)** |   |
|                                                                                                                    |   | **Three                Month Period Ended** |   | **To** |   |
|                                                                                                                    |   | **September                30, 2006** |   | **September                30, 2005** |   | **September                30, 2006** |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES:**                                                                |   |   |   |   |   |   |   |   |   |   |
| **Net                loss**                                                                                             |   | $ | (200,952 | ) | $ | (149,918 | ) | $ | (1,127,168 | ) |
| **Adjustments                to reconcile net loss to net cash**                                                        |   |   |   |   |   |   |   |   |   |   |
| **used                in operating activities**                                                                         |   |   |   |   |   |   |   |   |   |   |
|  **Depreciation                expense**                                                                           |   |   | 12,272 |   |   | 11,539 |   |   | 99,626 |   |
| **Compensation                expense pursuant to common stock**                                                        |   |   |   |   |   |   |   |   |  |   |
|  **issued                to founders at time of incorporation**                                                    |   |   | - |   |   | - |   |   | 2,035 |   |
| **Consulting                expense pursuant to common stock**                                                          |   |   |   |   |   |   |   |   |   |   |
|  **issued                in exchange for services received**                                                       |   |   | 84,250 |   |   | 62,400 |   |   | 456,517 |   |
| **Changes                in assets and liabilities:**                                                                   |   |   |   |   |   |   |   |   |   |   |
|  **(Increase)                decrease in:**                                                                        |   |   |   |   |   |   |   |   |   |   |
|  **Accounts                Receivable**                                                                            |   |   | 19,935 |   |   | - |   |   | - |   |
|  **Prepaid                Expenses**                                                                               |   |   | 3,408 |   |   | 87 |   |   | - |   |
|  **Other                Current Assets**                                                                           |   |   | - |   |   | (5,000 | ) |   | (2,600 | ) |
|  **Increase                (decrease) in:**                                                                        |   |   |   |   |   |   |   |   |   |   |
|  **Accounts                Payable**                                                                               |   |   | 19,795 |   |   | (8,489 | ) |   | 47,136 |   |
|  **Accrued                Interest**                                                                               |   |   | 17,115 |   |   | 17,055 |   |   | 170,178 |   |
|  **Accrued                Expenses**                                                                               |   |   | 8,764 |   |   | 23,180 |   |   | 15,025 |   |
|                                                                                                                    |   |   |  |   |   |  |   |   |  |   |
| **Net                cash used in operating activities**                                                                |   |   | (35,413 | ) |   | (49,146 | ) |   | (339,251 | ) |
| **CASH                FLOWS FROM INVESTING ACTIVITIES:**                                                                |   |   |   |   |   |   |   |   |   |   |
| **Purchases                of Property and Equipment**                                                                  |   |   | (9,349 | ) |   | (3,074 | ) |   | (42,115 | ) |
| **Net                cash used in investing activities**                                                                |   |   | (9,349 | ) |   | (3,074 | ) |   | (42,115 | ) |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                                |   |   |   |   |   |   |   |   |   |   |
| **Advances                from Officer / Director**                                                                     |   |   | 41,000 |   |   | - |   |   | 161,000 |   |
| **Proceeds                from Private Placement Offering, net**                                                        |   |   | - |   |   | - |   |   | 590,146 |   |
| **Repayments                of Note Payable to Officer / Director**                                                     |   |   | - |   |   | - |   |   | (368,320 | ) |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |   |
| **Net                cash provided by financing activities**                                                            |   |   | 41,000 |   |   | - |   |   | 382,826 |   |
| **(Decrease)                increase in cash**                                                                          |   |   | (3,762 | ) |   | (52,220 | ) |   | 1,460 |   |
| **Cash,                beginning of period**                                                                            |   |   | 5,222 |   |   | 117,058 |   |   | - |   |
| **Cash,                end of period**                                                                                  |   | $ | 1,460 |   | $ | 64,838 |   | $ | 1,460 |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |   |
| **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 recorded in connection with common**                                       |   |   |   |   |   |   |   |   |   |   |
|    **stock                issued in exchange for services to be rendered**                               |   |   | - |   |   | - |   |   | 569,100 |   |
|                                                                                                                    |
| ***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**

**NOTE      4 - UNEARNED COMPENSATION**

**NOTE      5 - ADVANCES FROM OFFICER / DIRECTOR**

----

**GLOBAL      MUSIC INTERNATIONAL, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

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

**(UNAUDITED)**

**NOTE      6 - OPERATING LEASES**

**NOTE      7 - GOING CONCERN**

----

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

**Our        Business**

**Plan        of Operation**

**Results        of Operations for Period Ended September 30, 2006**

----

**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 |   | Certification                  of Chief Executive/Financial Officer                  pursuant to Section 302 of the Sarbanes Oxley Act of                  2002 |
|--------|----|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 32 |   | Certification of Chief                Executive/Financial Officer pursuant to Section                906 |
|--------|----|--------|----------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

**Global        Music International, Inc.**