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<title>CHINA MEDIA GROUP CORPORATION</title>
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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>
__________________</font></p>

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

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

<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): June 18, 2010</font></p>
</font><u><b><font SIZE="4">

<p ALIGN="CENTER"></font><font face="Times New Roman" SIZE="4">CHINA MEDIA GROUP
CORPORATION<br>
</font></b></u><font SIZE="3" face="Times New Roman">(Exact Name of Registrant as
Specified in Charter)</font><font SIZE="3"></p>
</font>

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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="65%" VALIGN="middle" HEIGHT="20"><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="35%" VALIGN="middle" HEIGHT="20"><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="middle" HEIGHT="20"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Address of principal executive offices)</font></font></td>
    <td WIDTH="35%" VALIGN="middle" HEIGHT="20"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Zip code)</font></font></td>
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    <td WIDTH="65%" VALIGN="middle" HEIGHT="20"><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="middle" HEIGHT="20"><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"><p ALIGN="LEFT"><font face="Times New Roman"><br>
    [&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)</font></font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="LEFT"><font face="Times New Roman"><br>
    [&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</font> <font face="Times New Roman">(17</font> <font
    face="Times New Roman">CFR</font> <font face="Times New Roman">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</font>  <font face="Times New Roman">(17</font> <font
    face="Times New Roman">CFR</font> <font face="Times New Roman">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">Item 1.01</font></b></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="27"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Entry into a Material Definitive Agreement</font></b></font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    On April 27, 2010, the Company announced the conditional acquisition of 50% interest in AX
    Organic Limited. On June 18, 2010, this transaction was closed with the execution of the
    Shareholder's Agreement and of the Operational
    Agreement (the "Agreement") with Huangpi High Yield Cultivation Experiment Base (
    "Huangpi"), a company
    incorporated in the People's Republic of China. </font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">According to the Agreement, AX Organic
    Limited will provide its consulting services in soil fertilization/remediation to Huangpi
    to improve the quality of the soil and enhance Huangpi's plant/crop growth. Under the
    Agreement, AX will also buy back the
    agricultural products from the land worked on. The term of this Agreement is for 5.5 years
    commencing from May 2010 to 31 December 2015 and the total land covered shall be 10,000 mu
    (equivalent to approximately 6,666,666 square meter). Both parties agreed to initially
    commence soil fertilization on 2,000 mu of land by the end of 2010.</font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">On June 18, 2010, Huangpi paid AX a
    deposit of RMB50,000 (equivalent to approximately US$7,320) and shall pay a further
    RMB100,000 (approximately US$14,640) once AX commences work on soil fertilization.
    Progress payments shall be paid every 10 days until the amount accumulated up to 60% of
    the total consulting services for the land to be remediated this year. The remaining
    outstanding fees shall be used as a deposit against the agricultural products to be
    purchased by AX from Huangpi.</font></p>
    <p ALIGN="JUSTIFY"></font> </td>
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<p ALIGN="CENTER"><br><font face="Times New Roman">SIGNATURES</font></p>
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    <td VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    <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></td>
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    <td WIDTH="45%" VALIGN="TOP"><font SIZE="3"><p ALIGN="LEFT"><font face="Times New Roman"><br>
    <br>
    <br>
    Date: June 23, 2010</font></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3"><b><p ALIGN="LEFT"><font
    face="Times New Roman"><br>
    <br>
    <br>
    CHINA MEDIA GROUP CORPORATION</font></b></font></td>
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    <td WIDTH="45%" VALIGN="TOP"></td>
    <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="45%" VALIGN="TOP"></td>
    <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="45%" VALIGN="TOP"></td>
    <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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    <td WIDTH="45%" VALIGN="TOP"></td>
    <td WIDTH="55%" VALIGN="TOP"></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": "10911691"}, "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): June 18, 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 April 27, 2010, the Company announced the conditional acquisition of 50% interest in AX
    Organic Limited. On June 18, 2010, this transaction was closed with the execution of the
    Shareholder's Agreement and of the Operational
    Agreement (the "Agreement") with Huangpi High Yield Cultivation Experiment Base (
    "Huangpi"), a company
    incorporated in the People's Republic of China.
According to the Agreement, AX Organic
    Limited will provide its consulting services in soil fertilization/remediation to Huangpi
    to improve the quality of the soil and enhance Huangpi's plant/crop growth. Under the
    Agreement, AX will also buy back the
    agricultural products from the land worked on. The term of this Agreement is for 5.5 years
    commencing from May 2010 to 31 December 2015 and the total land covered shall be 10,000 mu
    (equivalent to approximately 6,666,666 square meter). Both parties agreed to initially
    commence soil fertilization on 2,000 mu of land by the end of 2010.
On June 18, 2010, Huangpi paid AX a
    deposit of RMB50,000 (equivalent to approximately US$7,320) and shall pay a further
    RMB100,000 (approximately US$14,640) once AX commences work on soil fertilization.
    Progress payments shall be paid every 10 days until the amount accumulated up to 60% of
    the total consulting services for the land to be remediated this year. The remaining
    outstanding fees shall be used as a deposit against the agricultural products to be
    purchased by AX from Huangpi.
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: June 23, 2010
CHINA MEDIA GROUP CORPORATION
By:
/s/ Cheng Pheng LOI
---------------------------------
Name:
    Cheng Pheng LOI
Title:
    President