FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DKR CAPITAL PARTNERS LP

2. Date of Event Requiring Statement (MM/DD/YYYY)
1/30/2009 

3. Issuer Name and Ticker or Trading Symbol

ARTISTDIRECT INC [ARTD US]

(Last)        (First)        (Middle)

1281 EAST MAIN STREET, 

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

STAMFORD, CT 06902       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

2/12/2009 

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   8845803   I   See footnote (1)   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: 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

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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DKR CAPITAL PARTNERS LP
1281 EAST MAIN STREET
STAMFORD, CT 06902
X

DKR OASIS MANAGEMENT COMPANY, L.P.
TWO EXCHANGE SQUARE, SUITE 2608
26TH FLOOR
CENTRAL, K3 
X

DKR Soundshore Oasis Holding Fund, Ltd.
TWO EXCHANGE SQUARE
SUITE 2608, 26TH FLOOR
CENTRAL, K3 
X

Fischer Seth
TWO EXCHANGE SQUARE
SUITE 2608, 26TH FLOOR
CENTRAL, K3 
X


Signatures
Barbara Burger 2/23/2009
** Signature of Reporting Person Date

Barbara Burger 2/23/2009
** Signature of Reporting Person Date

Barbara Burger 2/23/2009
** Signature of Reporting Person Date

Seth Fischer 2/23/2009
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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