Renessence Ventures by Io – ‘SC 13G/A’ on 1/19/01 re: Paradise Music & Entertainment Inc

On:  Friday, 1/19/01, at 2:01pm ET   ·   Accession #:  930413-1-94   ·   File #:  5-54957

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
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Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership         6     22K 

Document Table of Contents

SC 13G/A
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SCHEDULE 13G  

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934

 (Amendment No. 1)

Paradise Music & Entertainment, Inc.
................................................................................
(Name of Issuer)

 Common Stock par value $.01
................................................................................
(Title of Class of Securities)

 699071106
................................................................................
(CUSIP Number)

January 18, 2001
................................................................................
 (Date of Event Which Requires Filing of this Statement)

        Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:                                                              

[ ] Rule 13d-1(b)                                             
[X] Rule 13d-1(c)                                             
[ ] Rule 13d-1(d)                                             

        * The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of       
securities, and for any subsequent amendment containing information which would 
alter the disclosures provided in a prior cover page.                           

        The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of  
the Act but shall be subject to all other provisions of the Act (however, see   
the Notes).                                                                     

SC 13G/A
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CUSIP No.:                          699071106                                   
................................................................................

1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons       
(entities only):                                                          
Renessence Ventures bv
................................................................................

2) Check the Appropriate Box if a Member of a Group (See Instructions)          
(a)  X                                                                
(b)                                                                   
................................................................................

3) SEC Use Only:                                                                
................................................................................

4) Citizenship or Place of Organization:             The Netherlands            
................................................................................

Number                                                                  
of              (5) Sole Voting Power:            0                 
Shares                                                                  
Beneficially         (6) Shared Voting Power:          1,846,265*             
Owned by                                                                    
Each                                                                    
Reporting           (7) Sole Dispositive Power:       0                     
Person                                                                    
With              (8) Shared Dispositive Power:     1,846,265*          
................................................................................

9) Aggregate Amount Beneficially Owned by Each Reporting Person:     1,846,265* 
................................................................................

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares            
(See Instructions):    Not Applicable                         
................................................................................

11) Percent of Class Represented by Amount in Row 9:                   18.6497%*
................................................................................

12) Type of Reporting Person (See Instructions):      CO                        
................................................................................

----------------------                                                          
   *This Schedule 13G amendment is being filed by Albert Brink, Eric
Tolsma, and Renessence Ventures bv, a Dutch limited liability company           
("Renessence") which is the registered owner of the shares of common stock of   
Paradise Music & Entertainment, Inc. (the "Issuer"), to report changes in the   
beneficial ownership of Renessence and to report the beneficial ownership by    
Renessence and Messrs. Brink and Tolsma of an aggregate of 1,846,265 shares of  
the common stock of the Issuer, consisting of 1,605,422 shares of the Issuer's  
common stock and exercisable options to acquire an additional 240,843 shares of 
the Issuer's common stock.                                                      

SC 13G/A
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CUSIP No.:                          699071106                                   
................................................................................

1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons       
(entities only):                                                          
Albert Brink

................................................................................

2) Check the Appropriate Box if a Member of a Group (See Instructions)          
(a)  X                                                                
(b)                                                                   
................................................................................

3) SEC Use Only:                                                                
................................................................................

4) Citizenship or Place of Organization:       The Netherlands                  
................................................................................

Number                                                                  
of            (5) Sole Voting Power:         0                      
Shares                                                                  
Beneficially      (6) Shared Voting Power:       1,846,265*                 
Owned by                                                                  
Each                                                                  
Reporting        (7) Sole Dispositive Power:    0                         
Person                                                                  
With           (8) Shared Dispositive Power:  1,846,265*              
................................................................................

9) Aggregate Amount Beneficially Owned by Each Reporting Person:     1,846,265* 
................................................................................

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares            
(See Instructions):        Not Applicable                     
................................................................................

11) Percent of Class Represented by Amount in Row 9:                   18.6497%*
................................................................................

12) Type of Reporting Person (See Instructions):   IN                           
................................................................................

--------------------                                                            
 *This Schedule 13G amendment is being filed by Albert Brink, Eric
Tolsma, and Renessence Ventures bv, a Dutch limited liability company           
("Renessence") which is the registered owner of the shares of common stock of   
Paradise Music & Entertainment, Inc. (the "Issuer"), to report changes in the   
beneficial ownership of Renessence and to report the beneficial ownership by    
Renessence and Messrs. Brink and Tolsma of an aggregate of 1,846,265 shares of  
the common stock of the Issuer, consisting of 1,605,422 shares of the Issuer's  
common stock and exercisable options to acquire an additional 240,843 shares of 
the Issuer's common stock.                                                      

SC 13G/A
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CUSIP No.:                          699071106                                   
................................................................................

1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons       
(entities only):                                                          
 Eric Tolsma

................................................................................

2) Check the Appropriate Box if a Member of a Group (See Instructions)          
(a) X                                                                 
(b)                                                                   
................................................................................

3) SEC Use Only:                                                                
................................................................................

4) Citizenship or Place of Organization:        The Netherlands                 
................................................................................

Number                                                                  
of         (5) Sole Voting Power:            0                      
Shares                                                                  
Beneficially    (6) Shared Voting Power:          1,846,265*                  
Owned by                                                                    
Each                                                                    
Reporting      (7) Sole Dispositive Power:       0                          
Person                                                                    
With        (8) Shared Dispositive Power:     1,846,265*              
................................................................................

9) Aggregate Amount Beneficially Owned by Each Reporting Person:     1,846,265* 
................................................................................

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares            
(See Instructions):        Not Applicable                     
................................................................................

11) Percent of Class Represented by Amount in Row 9:                  18.6497%* 
................................................................................

12) Type of Reporting Person (See Instructions):      IN                        
................................................................................

--------------------------                                                      
   *This Schedule 13G amendment is being filed by Albert Brink, Eric
Tolsma, and Renessence Ventures bv, a Dutch limited liability company           
("Renessence") which is the registered owner of the shares of common stock of   
Paradise Music & Entertainment, Inc. (the "Issuer"), to report changes in the   
beneficial ownership of Renessence and to report the beneficial ownership by    
Renessence and Messrs. Brink and Tolsma of an aggregate of 1,846,265 shares of  
the common stock of the Issuer, consisting of 1,605,422 shares of the Issuer's  
common stock and exercisable options to acquire an additional 240,843 shares of 
the Issuer's common stock.                                                      

SC 13G/A
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      This Amendment No. 1 amends the Statement on Schedule 13G originally
filed by Renessence Ventures bv and its beneficial owners with respect to the   
common stock of Paradise Music & Entertainment, Inc. (the "Issuer"). This       
amendment reflects changes in the beneficial ownership of Renessence Ventures bv
and the exercisability of previously acquired options to acquire 240,843 shares 
of the Issuer.                                                                  

ITEM 2(a) NAME OF PERSON FILING:                                                

Renessence Ventures bv, Albert Brink and Eric Tolsma                            
................................................................................

ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:          

Renessence Ventures bv:       Rossinilaan 6 
                                 1217 CB Hilversum
                               The Netherlands

Albert Brink:                 Charles House 
                                  18b Charles Street
                                   London, W1X 7HB, UK

Eric Tolsma:                  Charles House 
                                  18b Charles Street
                                   London, W1X 7HB, UK

ITEM 4.  OWNERSHIP                                                              

Provide the following information regarding the aggregate number and      
percentage of the class of securities of the issuer identified in Item 1.       

(a) Amount beneficially owned:         1,846,265                          

(b) Percent of class:                  18.6497% (see inside cover page)   

(c) Number of shares as to which the person has:                          

       (i)   Sole power to vote or to direct the vote:                         0
       (ii)  Shared power to vote or to direct the vote:               1,846,265
       (iii) Sole power to dispose or to direct the disposition of:            0
       (iv)  Shared power to dispose or to direct the disposition of:  1,846,265

SC 13G/A
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ITEM 10.  CERTIFICATIONS                                                        

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

SIGNATURE                                                                       

        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, correct and   
complete.                                                                       

January 19, 2001                             Renessence Ventures bv             
----------------                                                                
Date                                                                            

                                  By:      /s/ ERIC TOLSMA
                                                --------------------------------
                                              Name:  Eric Tolsma
                                                    Title: Managing Director

                                   By:      /s/ ALBERT BRINK
                                                --------------------------------
                                        Albert Brink

                                  By:      /s/ ERIC TOLSMA
                                                --------------------------------
                                       Eric Tolsma

Dates Referenced Herein   and   Documents Incorporated by Reference

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This ‘SC 13G/A’ Filing		Date		First		Last			Other Filings
Filed on:		1/19/01		6
		1/18/01		1					8-K/A
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