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Exhibit 5.1
Direct Dial: 310-282-2350
e-mail: [email protected]
June 12, 2000
InternetStudios.com, Inc.
1351 4th Street, Suite 227
Santa Monica, California 90401
Re: Registration Statement on Form S-8
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Ladies and Gentlemen:
We are counsel to InternetStudios.com, Inc., a Nevada corporation (the
"Company"), and have assisted in connection with the preparation and filing with
the Securities and Exchange Commission of a Registration Statement of the
Company on Form S-8 (the "Registration Statement") covering 2,250,000 shares
(the "Shares") of the common stock of the Company issuable pursuant to the
exercise of options issued under the Company's 1999 Stock Incentive Plan (U.S.)
and 1999 Stock Incentive Plan (Non-U.S.)
(collectively, the "Plans").
We have examined the proceedings heretofore taken and are familiar with
the procedures proposed to be taken by the Company in connection with the
authorization, issuance and sale of the Shares.
It is our opinion that the Shares to be issued and sold by the Company
pursuant to the Registration Statement will be, when sold and paid for pursuant
to the terms of the Plans, validly issued, fully paid for and non-assessable.
We hereby consent to the use of our opinion as an exhibit to the
Registration Statement.
Sincerely,
/s/ David L. Ficksman
David L. Ficksman
of Loeb & Loeb LLP