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<TITLE>CHINA MEDIA GROUP CORPORATION</TITLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>________</B>__________________<B>__________</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">SECURITIES EXCHANGE ACT
OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">____________________________________</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
January 15, 2014</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>CHINA MEDIA GROUP CORPORATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in Charter)</P>

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    <TD STYLE="width: 38%; text-align: center"><B><U>Texas</U></B></TD>
    <TD STYLE="width: 31%; text-align: center"><B><U>5813</U></B></TD>
    <TD STYLE="width: 31%; text-align: center"><B><U>75-3016844</U></B></TD></TR>
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    <TD STYLE="text-align: center">(State or other jurisdiction</TD>
    <TD STYLE="text-align: center">(Commission</TD>
    <TD STYLE="text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">of incorporation)</TD>
    <TD STYLE="text-align: center">File Number)</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: bottom; width: 69%; text-align: center"><B>No. 55 Jalan Snuker 13/28, Tadisma Business Park, </B><BR>
<B>Section 13, 40100 Shah Alam, Selangor, Malaysia</B></TD>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Tel: +60355197079</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fax: +60355190839</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant's telephone number)</P>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
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    <TD STYLE="width: 100%; text-align: justify">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify">[&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify">[&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify">[&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify">[&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))</TD></TR>
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    <TD STYLE="width: 27%; font-size: 10pt; text-align: justify"><B>Item 1.01</B></TD>
    <TD STYLE="width: 73%; font-size: 10pt; text-align: justify"><B>Entry into a Material Definitive Agreement</B></TD></TR>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 15, 2014, China Media Group Corporation
        (&quot;CMG&quot; or the &quot;Company&quot;) sold its 100% interests in its subsidiaries Good World Investments
        Limited; Ateam Resources Sdn. Bhd.; Beijng Ren Ren Health Promotion Limited; and Ren Ren Media Group Limited to KR Global Ventures
        Sdn Bhd<FONT STYLE="font-size: 11pt"><B> </B></FONT>(the &quot;Purchaser&quot;) for consideration of US $5,000 and the assumption
        of certain debts, pursuant to a Sale and Purchase Agreement (&quot;SP Agreement&quot;).</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Companies sold were engaged in the trading
        of electronic products, light appliances and advertising businesses.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company's
        management believes this transaction affords the Company the opportunity to streamline its trading operation and focus
        its Product Services, while removing debt from the corporate books.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Share Purchase Agreement is attached hereto
        as Exhibit 10.1.</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

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    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.</TD></TR>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Date: January 16, 2014</P></TD>
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        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">CHINA MEDIA GROUP CORPORATION</P></TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">By:<I> /s/ MOHD MAHYUDIN ZAINAL</I></TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">---------------------------------</TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Name: MOHD MAHYUDIN ZAINAL</TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Title: President</TD></TR>
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    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD></TR>
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{"company-data": {"conformed-name": "China Media Group CORP", "cik": "0001211211", "assigned-sic": "7310", "irs-number": "320034926", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50431", "film-number": "14532545"}, "business-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230", "phone": "01186755 61657704"}, "mail-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230"}, "former-company": {"former-conformed-name": "DELIGHTFULLY FROZEN CORP", "date-changed": "20021219"}}
CHINA MEDIA GROUP CORPORATION
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
________
__________________
__________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT
OF 1934
____________________________________
Date of Report (Date of earliest event reported):
January 15, 2014
CHINA MEDIA GROUP CORPORATION
(Exact Name of Registrant as Specified in Charter)
Texas
5813
75-3016844
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
No. 55 Jalan Snuker 13/28, Tadisma Business Park,
Section 13, 40100 Shah Alam, Selangor, Malaysia
(Address of principal executive offices)
Tel: +60355197079
Fax: +60355190839
(Registrant's telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
On January 15, 2014, China Media Group Corporation
        ("CMG" or the "Company") sold its 100% interests in its subsidiaries Good World Investments
        Limited; Ateam Resources Sdn. Bhd.; Beijng Ren Ren Health Promotion Limited; and Ren Ren Media Group Limited to KR Global Ventures
        Sdn Bhd
(the "Purchaser") for consideration of US $5,000 and the assumption
        of certain debts, pursuant to a Sale and Purchase Agreement ("SP Agreement").
The Companies sold were engaged in the trading
        of electronic products, light appliances and advertising businesses.
The Company's
        management believes this transaction affords the Company the opportunity to streamline its trading operation and focus
        its Product Services, while removing debt from the corporate books.
The Share Purchase Agreement is attached hereto
        as Exhibit 10.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 16, 2014
CHINA MEDIA GROUP CORPORATION
By:
/s/ MOHD MAHYUDIN ZAINAL
---------------------------------
Name: MOHD MAHYUDIN ZAINAL
Title: President