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<p ALIGN="CENTER"><font face="Times New Roman">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549<br>
__________________<br>
<br>
FORM 8-K<br>
<br>
CURRENT REPORT<br>
<br>
<br>
</b>PURSUANT TO SECTION 13 OR 15(d) of the<br>
SECURITIES EXCHANGE ACT OF 1934<br>
__________________<br>
<br>
Date of Report (Date of earliest event reported): October 8, 2010<br>
<br>
<br>
<u><b>CHINA MEDIA GROUP CORPORATION<br>
</b></u>(Exact Name of Registrant as Specified in Charter)</font></p>
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    <td WIDTH="37%" VALIGN="BOTTOM"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">Texas</font></b></u></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">5813</font></b></u></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">75-3016844</font></b></u></font></td>
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    <td WIDTH="37%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(State or other jurisdiction</font></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Commission</font></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(IRS Employer</font></font></td>
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    <td WIDTH="37%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">of incorporation)</font></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">File Number)</font></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">Identification No.)</font></font></td>
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    <td WIDTH="426" VALIGN="middle" HEIGHT="42"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">1403 Wan Chai Commercial Center, 194-204 Johnston Road, Wanchai,
    Hong Kong</font></b></u></font></td>
    <td WIDTH="292" VALIGN="middle" HEIGHT="42"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">n/a</font></b></u></font></td>
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    face="Times New Roman">(Address of principal executive offices)</font></font></td>
    <td WIDTH="292" VALIGN="middle"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Zip code)</font></font></td>
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    <td WIDTH="426" VALIGN="middle"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">Registrant's telephone number, including area code:</font></font></td>
    <td WIDTH="292" VALIGN="middle"><font SIZE="3"><b><p ALIGN="CENTER"><font
    face="Times New Roman">+011 852 3171 1208 (ext. 222)</font></b></font></td>
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    <td VALIGN="TOP" HEIGHT="37"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    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:</font></font></td>
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    [&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)</font></font></td>
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    [&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)</font></font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    [&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))</font></font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    [&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))</font></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="27"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><a NAME="id_0_3"></a><a NAME="id_0_4"></a>Item 8.01</font></b></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="27"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Other Event</font></b></font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    On September 20, 2010, China Media Group Corporation (&quot;CMG&quot;) filed a current
    report Form 8-K with the SEC to announce that CMG, Good World Investments Limited
    (&quot;GWIL&quot;), a wholly owned subsidiary of CMG, and Tidewell Limited
    (&quot;Tidewell&quot;) entered into a Sale and Purchase Agreement (&quot;SP
    Agreement&quot;) for GWIL to acquire 100% equity interest in Jademan International Limited
    (&quot;Jademan&quot;) from Tidewell for a total purchase consideration of US$250,000, of
    which US$50,000 shall be paid by the issuance of a 6% per annum interest bearing
    promissory note and the remaining balance of US$200,000 shall be paid by the issuance of
    10,000,000 shares in CMG.</font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">On October 8, 2010, CMG announced that the
    due diligence conducted by GWIL in relation to the SP Agreement was satisfactory and that
    all parties hereby acknowledge and confirm that the SP Agreement is closed as of the date
    hereto. </font></font></td>
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<br>
<br>
SIGNATURES</font></p>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    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.</font></font></td>
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    <br>
    <br>
    Date: October 12, 2010</font></font></td>
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    face="Times New Roman"><br>
    <br>
    <br>
    CHINA MEDIA GROUP CORPORATION</font></b></font></td>
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    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3"><p ALIGN="LEFT"><font face="Times New Roman">By:
    <i>/s/ Cheng Pheng LOI</i></font></font></td>
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    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3"><p ALIGN="LEFT"><font face="Times New Roman">---------------------------------</font></font></td>
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    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3"><p ALIGN="LEFT"><font face="Times New Roman">Name:
    Cheng Pheng LOI</font></font></td>
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    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3"><p ALIGN="LEFT"><font face="Times New Roman">Title:
    President</font></font></td>
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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": "101117056"}, "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): October 8, 2010
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.)
1403 Wan Chai Commercial Center, 194-204 Johnston Road, Wanchai,
    Hong Kong
n/a
(Address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code:
+011 852 3171 1208 (ext. 222)
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 (17 CFR 240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))
Item 8.01
Other Event
On September 20, 2010, China Media Group Corporation ("CMG") filed a current
    report Form 8-K with the SEC to announce that CMG, Good World Investments Limited
    ("GWIL"), a wholly owned subsidiary of CMG, and Tidewell Limited
    ("Tidewell") entered into a Sale and Purchase Agreement ("SP
    Agreement") for GWIL to acquire 100% equity interest in Jademan International Limited
    ("Jademan") from Tidewell for a total purchase consideration of US$250,000, of
    which US$50,000 shall be paid by the issuance of a 6% per annum interest bearing
    promissory note and the remaining balance of US$200,000 shall be paid by the issuance of
    10,000,000 shares in CMG.
On October 8, 2010, CMG announced that the
    due diligence conducted by GWIL in relation to the SP Agreement was satisfactory and that
    all parties hereby acknowledge and confirm that the SP Agreement is closed as of the date
    hereto.
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: October 12, 2010
CHINA MEDIA GROUP CORPORATION
By:
/s/ Cheng Pheng LOI
---------------------------------
Name:
    Cheng Pheng LOI
Title:
    President