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<p align="center"><font SIZE="3"><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>

<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): April 8, 2011</font></p>
<u><b>

<p ALIGN="CENTER"><font face="Times New Roman">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"><p ALIGN="CENTER"><font
    face="Times New Roman"><u><b>Texas</b></u></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="middle" HEIGHT="16"><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="16"><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="16"><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="16"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Zip code)</font></font></td>
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  <tr>
    <td WIDTH="65%" VALIGN="middle" HEIGHT="16"><font face="Times New Roman"></font></td>
    <td WIDTH="35%" VALIGN="middle" HEIGHT="16"><font face="Times New Roman"></font></td>
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    <td WIDTH="65%" VALIGN="middle" HEIGHT="16"><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="16"><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 WIDTH="65%" VALIGN="middle" HEIGHT="16"><font face="Times New Roman"></font></td>
    <td WIDTH="35%" VALIGN="middle" HEIGHT="16"><font face="Times New Roman"></font></td>
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    <td VALIGN="TOP" HEIGHT="37"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">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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</table>
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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" 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 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 8, 2011, Good World Investments Limited (&quot;GWIL&quot;), a wholly owned
    subsidiary of China Media Group Corporation (&quot;CMG&quot;), and Keen Star International
    (HK) Limited (&quot;Keen Star&quot;) entered into a Sale and Purchase Agreement (&quot;SP
    Agreement&quot;) to sell its 51% interest in its short term investment in Jademan
    International Limited to Keen Star for a total purchase consideration of HK$1,377,000
    (about USD178,600). </font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">Jademan International Limited (the
    &quot;Company&quot;) is a Hong Kong incorporated company which owns 19,200,000 shares in
    China Integrated Media Corporation Limited, a public company incorporated in Australia. </font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">The Company intends to use the proceeds
    from the sale to pay its liabilities and for working capital.</font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">The SP Agreement is attached hereto in
    Exhibit 10.1. </font></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22"><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="22"><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"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    (a)</font></font></td>
    <td WIDTH="86%" VALIGN="top"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    Not applicable</font></font></td>
  </tr>
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    <td WIDTH="14%" VALIGN="top"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    (b)</font></font></td>
    <td WIDTH="86%" VALIGN="top"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    Not applicable</font></font></td>
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    <td WIDTH="14%" VALIGN="top"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    (c)</font></font></td>
    <td WIDTH="86%" VALIGN="top"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman"><br>
    Exhibit No. Description - See table below.</font></font></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="10"><font face="Times New Roman" size="3"></font></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="10"><font face="Times New Roman" size="3"></font></td>
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    <td WIDTH="16%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font SIZE="3" face="Times New Roman"><b>Exhibit</b></font></td>
    <td WIDTH="61%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font SIZE="3" face="Times New Roman"><b>Description</b></font></td>
    <td WIDTH="24%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font SIZE="3" face="Times New Roman"><b>Location</b></font></td>
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    <td WIDTH="16%" 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">Sale and Purchase Agreement</font></font></td>
    <td WIDTH="24%" VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Provided herewith</font></font></td>
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<p ALIGN="CENTER"><font face="Times New Roman"><br>
<br>
SIGNATURES</font></p>
</b></font><div align="center"><center>

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    <td VALIGN="TOP"><font SIZE="3"><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></font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><br>
    <br>
    Date: April 14, 2011</font></td>
    <td WIDTH="55%" VALIGN="TOP"><font SIZE="3" face="Times New Roman"><b><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>
    <br>
    By: <i>/s/ Cheng Pheng LOI</i></font></td>
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    <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: Cheng Pheng LOI</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: President</font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman"></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": "11758780"}, "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): April 8, 2011
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 8, 2011, Good World Investments Limited ("GWIL"), a wholly owned
    subsidiary of China Media Group Corporation ("CMG"), and Keen Star International
    (HK) Limited ("Keen Star") entered into a Sale and Purchase Agreement ("SP
    Agreement") to sell its 51% interest in its short term investment in Jademan
    International Limited to Keen Star for a total purchase consideration of HK$1,377,000
    (about USD178,600).
Jademan International Limited (the
    "Company") is a Hong Kong incorporated company which owns 19,200,000 shares in
    China Integrated Media Corporation Limited, a public company incorporated in Australia.
The Company intends to use the proceeds
    from the sale to pay its liabilities and for working capital.
The SP Agreement is attached hereto in
    Exhibit 10.1.
Item 9.01
Financial Statements and Exhibits
(a)
Not applicable
(b)
Not applicable
(c)
Exhibit No. Description - See table below.
Exhibit
Description
Location
Exhibit
    10.1
Sale and Purchase Agreement
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: April 14, 2011
CHINA MEDIA GROUP CORPORATION
By:
/s/ Cheng Pheng LOI
---------------------------------
Name: Cheng Pheng LOI
Title: President