Exhibit 21.1

GAIAM, INC.

SUBSIDIARIES

 

Subsidiaries

  

State or Country of Incorporation or

            Registration

 

Conscious Media, Inc.

     State of Colorado   

Gaiam Americas, Inc.

     State of Colorado   

Gaiam.com, Inc.

     State of Colorado   

Gaiam Direct, Inc.

     State of Colorado   

Gaiam Holdings, Inc.

     State of Colorado   

Gaiam International B.V. (1)

     The Netherlands   

Gaiam International C.V. (2)

     The Netherlands   

Gaiam International, Inc.

     State of Colorado   

Gaiam International II, Inc.

     State of Colorado   

Gaiam International III, Inc.

     State of Colorado   

Gaiam PTY (4)

     Australia   

Gaiam Shared Services, Inc.

     State of Colorado   

Gaiam Travel, Inc.

     State of Colorado   

GT Direct, Inc.

     State of Colorado   

Natural Habitat, Inc. (3)

     State of Colorado   

Spiritual Cinema, Inc.

     State of Colorado   

SPRI Products, Inc.

     State of Illinois   

VE Newco, LLC (5).

     State of Delaware   

 

All subsidiaries are 100% owned by Gaiam, Inc. except as noted:

 

(1) 100% owned by Gaiam International CV
(2) 80% owned by Gaiam International, Inc., 10% owned by Gaiam International II, Inc., 10% owned by Gaiam International III, Inc.
(3) 51.4% owned by Gaiam Travel, Inc.
(4) 50.01% owned by Gaiam International BV
(5) 100% owned by Gaiam Americas, Inc.

This list omits subsidiaries which, considered in the aggregate, would not constitute a significant subsidiary.