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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): July 6, 2010</font></p>
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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>
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    <td WIDTH="37%" VALIGN="BOTTOM"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman"><br>
    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="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="35%" 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="35%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Zip code)</font></font></td>
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    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"><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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    [&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">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 Events</font></b></font></td>
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    <td VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman"><br>
    On May 30, 2010, China Media Group Corporation ("CMG") entered into a $100,000
    Convertible Loan Agreement (the "Agreement") with Consolidated
    China Resources Sdn. Bhd. ("CCR"), a company incorporated in Malaysia. </font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">Pursuant to the Agreement, CCR shall lend
    to CMG a total amount of US$100,000 for one year at an interest rate of 10% per annum. The
    loan shall be drawn down in 2 tranches. (1) US$50,000 upon signing of the Agreement and,
    (2) the remaining US$50,000 within two weeks from the date of the Agreement. The loan may
    be converted at US$0.02 for each ordinary share in CMG during the term of the Agreement. </font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">On June 4, 2010, the Company received the
    first tranche the amount of US$50,000. The remaining US$50,000 was received on July 6,
    2010.</font></font></td>
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<br>
<br>
<br>
<br>
SIGNATURES</font></p>
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    <td VALIGN="TOP"><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></td>
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    <br>
    <br>
    Date: July 6, 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"><font face="Times New Roman"></font></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="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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    <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": "10937488"}, "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): July 6, 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 Events
On May 30, 2010, China Media Group Corporation ("CMG") entered into a $100,000
    Convertible Loan Agreement (the "Agreement") with Consolidated
    China Resources Sdn. Bhd. ("CCR"), a company incorporated in Malaysia.
Pursuant to the Agreement, CCR shall lend
    to CMG a total amount of US$100,000 for one year at an interest rate of 10% per annum. The
    loan shall be drawn down in 2 tranches. (1) US$50,000 upon signing of the Agreement and,
    (2) the remaining US$50,000 within two weeks from the date of the Agreement. The loan may
    be converted at US$0.02 for each ordinary share in CMG during the term of the Agreement.
On June 4, 2010, the Company received the
    first tranche the amount of US$50,000. The remaining US$50,000 was received on July 6,
    2010.
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: July 6, 2010
CHINA MEDIA GROUP CORPORATION
By:
/s/ Cheng Pheng LOI
---------------------------------
Name:
    Cheng Pheng LOI
Title:
    President