SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* DKR CAPITAL PARTNERS LP (Last) (First) (Middle) 1281 EAST MAIN STREET (Street) STAMFORD CT 06902 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/30/2009	3. Issuer Name and Ticker or Trading Symbol ARTISTDIRECT INC [ ARTD US ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 02/12/2009
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share	8,845,803	I	See footnote (1)(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* DKR CAPITAL PARTNERS LP (Last) (First) (Middle) 1281 EAST MAIN STREET (Street) STAMFORD CT 06902 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DKR OASIS MANAGEMENT COMPANY, L.P. (Last) (First) (Middle) TWO EXCHANGE SQUARE, SUITE 2608 26TH FLOOR (Street) CENTRAL K3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DKR Soundshore Oasis Holding Fund, Ltd. (Last) (First) (Middle) TWO EXCHANGE SQUARE SUITE 2608, 26TH FLOOR (Street) CENTRAL K3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Fischer Seth (Last) (First) (Middle) TWO EXCHANGE SQUARE SUITE 2608, 26TH FLOOR (Street) CENTRAL K3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The securities reported herein are held directly by DKR Soundshore Oasis Holding Fund, Ltd. ("Soundshore Oasis"). DKR Capital Partners, L.P. is a registered investment adviser and the managing general partner of DKR Oasis Management Company, L.P. (the "Investment Manager"), which is the investment manager of Soundshore Oasis with respect to which it has voting and dispositive authority over the securities reported herein. Mr. Seth Fischer is responsible for the supervision of all investment activities of the Investment Manager, including all investment decisions with respect to the assets of Soundshore Oasis, and therefore may be deemed to be the beneficial owner of the securities reported herein. Each of DKR, the Investment Manager and Mr. Fisher disclaims beneficial ownership of such securities except to the extent of his or its pecuniary interest therein.

Remarks:

This Form 3 Amendment is being filed to include DKR Oasis Management Company L.P., DKR SoundShore Oasis Holding Fund Ltd, and Seth Fisher as reporting persons. These reporting persons were not included on the original Form 3 because Edgar Access Codes were not available for them at the time the original Form 3 was filed.

	Barbara Burger	02/23/2009
	Barbara Burger	02/23/2009
	Barbara Burger	02/23/2009
	Seth Fischer	02/23/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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