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<p align="center"><font face="Times New Roman"><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549<br>
</b>__________________</font></p>
<b>

<p ALIGN="CENTER"><font face="Times New Roman">FORM 8-K</font></p>
</b>

<p ALIGN="CENTER"><b><font face="Times New Roman">CURRENT REPORT</font></b></p>

<p ALIGN="CENTER"><font face="Times New Roman">PURSUANT TO SECTION 13 OR 15(d) of the<br>
SECURITIES EXCHANGE ACT OF 1934<br>
__________________</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">Date of Report (Date of earliest event
reported): December 22, 2010</font></p>
<b><u>

<p ALIGN="CENTER"><font face="Times New Roman">CHINA MEDIA GROUP CORPORATION<br>
</u></b>(Exact Name of Registrant as Specified in Charter)</font></p>
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    <td WIDTH="37%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman"><b><u>Texas</u></b></font></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="65%" VALIGN="BOTTOM" HEIGHT="18"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">1403 Wan Chai Commercial Center, <br>
    194-204 Johnston Road, Wanchai, Hong Kong</font></b></u></font></td>
    <td WIDTH="35%" VALIGN="BOTTOM" HEIGHT="18"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">n/a</font></b></u></font></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Address of principal executive offices)</font></font></td>
    <td WIDTH="35%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Zip code)</font></font></td>
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    <td WIDTH="65%" VALIGN="bottom" height="16"><font face="Times New Roman"></font></td>
    <td WIDTH="35%" VALIGN="bottom" height="16"><font face="Times New Roman"></font></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">Registrant's telephone number, including area code:</font></font></td>
    <td WIDTH="35%" VALIGN="BOTTOM"><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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    <td VALIGN="TOP"><font SIZE="3" face="Times New Roman"><br>
    [&nbsp;&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)</font></td>
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    <td VALIGN="TOP"><font SIZE="3" face="Times New Roman"><br>
    [&nbsp;&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)</font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    [&nbsp;&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;&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"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Item 1.01</font></b></font></td>
    <td WIDTH="86%" VALIGN="TOP"><font SIZE="3"><u><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Entry into a Material Definitive Agreement</font></b></u></font></td>
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    <td VALIGN="TOP" HEIGHT="72"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    On December 22, 2010, the Company's subsidiary company, China Integrated Media Corporation
    Limited, a public company incorporated in Australia (&quot;CIMC&quot;), entered into an
    arrangement to lease 400 advertising sign boards in Kuala Lumpur, Malaysia for a lease
    term of 6 years from World Class Media Sdn. Bhd. (&quot;World Class&quot;) for a total
    consideration of AUD515,000, which shall be settled by the issuance of i) a AUD15,000
    promissory note payable in 30 days, and ii) 2,500,000 shares in CIMC.</font></font></td>
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    <td VALIGN="TOP" HEIGHT="43"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    World Class, a Malaysia incorporated company, is engaged in the outdoor media business in
    Malaysia and has a 10,000 sign board concession in various schools granted by the Ministry
    of Education in Malaysia.</font></td>
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    <td VALIGN="TOP" HEIGHT="39"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    After this transaction, the Company's effective shareholding interests in CIMC shall
    decrease from 66.60% to 61.29%</font></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="18"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    Item 9.01</font></b></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="18"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    Financial Statements And Exhibits</font></b></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="18"><font SIZE="3" face="Times New Roman"><br>
    (d)</font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="18"><font SIZE="3" face="Times New Roman"><br>
    Exhibits</font></td>
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    <td WIDTH="15%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font SIZE="3" face="Times New Roman"><b>Exhibit
    No.</b></font></td>
    <td WIDTH="61%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font SIZE="3" face="Times New Roman"><b>Description</b></font></td>
    <td WIDTH="23%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font SIZE="3" face="Times New Roman"><b>Location</b></font></td>
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    <td WIDTH="15%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><b>---------------</b></font></td>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><b>----------------------------------------</b></font></td>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><b>------------------</b></font></td>
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    <td WIDTH="15%" VALIGN="TOP"><font SIZE="3"><p ALIGN="CENTER"><font face="Times New Roman">Exhibit
    10.1 </font></font></td>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Agreement for the lease of 400 sign boards</font></font></td>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Provided herewith</font></font></td>
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    <td WIDTH="15%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="61%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="23%" VALIGN="TOP"><font face="Times New Roman"></font></td>
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<p ALIGN="CENTER"><font face="Times New Roman"> </font></p>
</b></font>

<p ALIGN="CENTER"><font face="Times New Roman" SIZE="3"><br><br><br><b>SIGNATURES</b></font></p>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman">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: January 3, 2011</font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><b><br>
    <br>
    <br>
    CHINA MEDIA GROUP CORPORATION</b></font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><br>
    By: <i>/s/ Con Unerkov</i></font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3" face="Times New Roman">---------------------------</font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3" face="Times New Roman">Name: Con Unerkov</font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3" face="Times New Roman">Title: Director</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": "11500235"}, "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): December 22, 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 1.01
Entry into a Material Definitive Agreement
On December 22, 2010, the Company's subsidiary company, China Integrated Media Corporation
    Limited, a public company incorporated in Australia ("CIMC"), entered into an
    arrangement to lease 400 advertising sign boards in Kuala Lumpur, Malaysia for a lease
    term of 6 years from World Class Media Sdn. Bhd. ("World Class") for a total
    consideration of AUD515,000, which shall be settled by the issuance of i) a AUD15,000
    promissory note payable in 30 days, and ii) 2,500,000 shares in CIMC.
World Class, a Malaysia incorporated company, is engaged in the outdoor media business in
    Malaysia and has a 10,000 sign board concession in various schools granted by the Ministry
    of Education in Malaysia.
After this transaction, the Company's effective shareholding interests in CIMC shall
    decrease from 66.60% to 61.29%
Item 9.01
Financial Statements And Exhibits
(d)
Exhibits
Exhibit
    No.
Description
Location
---------------
----------------------------------------
------------------
Exhibit
    10.1
Agreement for the lease of 400 sign boards
Provided herewith
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 3, 2011
CHINA MEDIA GROUP CORPORATION
By:
/s/ Con Unerkov
---------------------------
Name: Con Unerkov
Title: Director