UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, D.C. 20549

                                       FORM 12b-25

                                NOTIFICATION OF LATE FILING

(Check One):

[X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB [ ] Form N-SAR

For Period Ended:   December 31, 2002

[   ]   Transition Report on Form 10-K
[   ]   Transition Report on Form 20-F
[   ]   Transition Report on Form 11-K
[   ]   Transition Report on Form 10-Q
[   ]   Transition Report on Form N-SAR

For the Transition Period Ended:  ________________

Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

Full Name of Registrant: Innovation Holdings, Inc.

Former Name if Applicable: Blagman Media International, Inc.

Address of Principal Executive Office (Street and Number):  1901
Avenue of the Stars, Suite 1710

City, State and Zip Code:  Los Angeles, California 90067

PART II - RULE 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-
25(b), the following should be completed. (Check box if appropriate)

    (a) The reasons defined in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense.

[X] (b) The subject matter report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth
calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q,
or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and

(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Form 10-K, 20-F, 11-
K, 10-Q, N-SAR, or the transition report or portion thereof, could
not be filed within the prescribed time period.

The Company will not complete its review and preparation of the
Company's Financial Statements for the period ended December 31, 2002
and the related disclosures in Parts I and II of Form 10-KSB by March
31, 2003 without unreasonable effort and expense because the Company
and the Company's auditor's are in the process of compiling
information, all of which has not yet been received.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification

Robert Blagman, Chairman-CEO

(310) 788-5444

(2) Have all other periodic reports required under section 13 or
15(d) of the Securities Exchange Act of 1934 or section 30 of
the Investment Company Act of 1940 during the preceding
12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no,
identify report(s). [X]  Yes [ ]  No

(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be included
in the subject report or portion thereof? [ ]  Yes  [X]  No

If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.

Innovation Holdings, Inc. f/k/a Blagman Media International, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: March 28, 2003


/s/ Robert Blagman
Robert Blagman, Chairman, CEO