Financial Statements: Not applicable

Exhibit 10.1

ACKNOWLEDGEMENT AND AMENDMENT
REGARDING EMPLOYMENT AGREEMENT

     Reference is made that certain Employment Agreement (“Employment Agreement”) between ARTISTdirect, Inc., a Delaware corporation (the “Company”) and Jon Diamond (“Employee”), effective July 28, 2005. Capitalized terms used herein and not defined shall have the meanings given to them in the Employment Agreement.

     For valuable consideration, the receipt of which is hereby acknowledged, the parties hereto acknowledge and agree that the date “March 1, 2006” set forth in the second sentence of Section 2 of the Employment Agreement shall be deleted and replaced with “July 1, 2006.”

     Except as expressly set forth in this Acknowledgement and Amendment, the terms and provisions of the Employment Agreement shall continue unmodified and in full force and effect. This Acknowledgement and Amendment shall be governed and construed under the laws of the State of California, and shall be binding on and shall inure to the benefit of the parties and their respective successors and permitted assigns.

     IN WITNESS WHEREOF, the parties hereto have duly executed this Acknowledgement and Amendment, effective as of the 3^rd day of February, 2006.

“EMPLOYEE”		“COMPANY”
Jon Diamond		ARTISTdirect, Inc.
/s/ Jon Diamond		By:		/s/ Frederick W. Field
Jon Diamond				Frederick W. Field
		Its:		Chairman