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<title>CHINA MEDIA GROUP CORPORATION</title>
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<b>

<p ALIGN="CENTER"><font face="Times New Roman" size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549</font></p>
</b>

<p ALIGN="CENTER"><font face="Times New Roman" size="2">__________________</font></p>

<p align="center"><b><font face="Times New Roman" size="2">FORM 8-K</font></p>

<p ALIGN="CENTER"><font face="Times New Roman" size="2">CURRENT REPORT</font></p>
</b>

<p ALIGN="CENTER"><font face="Times New Roman" size="2">PURSUANT TO SECTION 13 OR 15(d) of
the<br>
SECURITIES EXCHANGE ACT OF 1934</font></p>

<p ALIGN="CENTER"><font face="Times New Roman" size="2">__________________</font></p>

<p ALIGN="CENTER"><font face="Times New Roman" size="2">Date of Report (Date of earliest
event reported): February 18, 2011</font></p>
<u><b>

<p ALIGN="CENTER"><font face="Times New Roman" size="4">CHINA MEDIA GROUP CORPORATION<br>
</font></b></u><font face="Times New Roman" size="2">(Exact Name of Registrant as
Specified in Charter)</font></p>
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    <td WIDTH="37%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2"><u><b>Texas</b></u></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><u><b><p ALIGN="CENTER"><font face="Times New Roman"
    size="2">5813</font></b></u></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><u><b><p ALIGN="CENTER"><font face="Times New Roman"
    size="2">75-3016844</font></b></u></td>
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    <td WIDTH="37%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">(State
    or other jurisdiction</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">(Commission</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">(IRS
    Employer</font></td>
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    <td WIDTH="37%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">of
    incorporation)</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">File
    Number)</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">Identification
    No.)</font></td>
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    <td WIDTH="65%" VALIGN="BOTTOM" HEIGHT="42"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman" size="2">1403 Wan Chai Commercial Center, 194-204 Johnston Road,
    Wanchai, Hong Kong</font></b></u></td>
    <td WIDTH="35%" VALIGN="BOTTOM" HEIGHT="42"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman" size="2">n/a</font></b></u></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">(Address
    of principal executive offices)</font></td>
    <td WIDTH="35%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">(Zip
    code)</font></td>
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    <td WIDTH="65%" VALIGN="bottom" height="16"><font face="Times New Roman" size="2"></font></td>
    <td WIDTH="35%" VALIGN="bottom" height="16"><font face="Times New Roman" size="2"></font></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font face="Times New Roman" size="2">Registrant's
    telephone number, including area code:</font></td>
    <td WIDTH="35%" VALIGN="BOTTOM"><b><p ALIGN="CENTER"><font face="Times New Roman" size="2">+011
    852 3171 1208 (ext. 222)</font></b></td>
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    <td VALIGN="TOP" HEIGHT="37"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><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></td>
  </tr>
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    <td VALIGN="TOP"><font face="Times New Roman" size="2"><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 face="Times New Roman" size="2"><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"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><br>
    [&nbsp;&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))</font></td>
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    <td VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><br>
    [&nbsp;&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))</font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="27"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman" size="2">Item 1.01</font></b></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="27"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman" size="2">Entry into a Material Definitive Agreement</font></b></td>
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    <td VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">
    On February 18, 2011, China Media Group Corporation (&quot;CMG&quot;), Good World
    Investments Limited (&quot;GWIL&quot;), a wholly owned subsidiary of CMG, the Vendors and
    Advance Tech Communications Sdn. Bhd. (&quot;ATC&quot;) entered into a Sale and Purchase
    Agreement (&quot;SP Agreement&quot;) for GWIL to acquire 5% equity interest (equivalent to
    293,000 shares) in ATC from two independent Vendors for a total purchase consideration of
    Malaysian Ringgits RM293,000 (about USD96,642), of which RM87,900 (about USD28,992)
    shall be paid in cash and the remaining balance of RM205,100 (about USD67,650) shall be
    paid by the issuance of 2,205,376 shares in CMG. </font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">ATC is a technology company
    incorporated in Malaysia. ATC is engaged in research and development of mobile convergent
    wireless devices and has developed a proprietary mobile communication devices name
    M.A.G.I.C.</font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">ATC is owned as to 9% by Mr.
    Pheng Cheng LOI, CEO of CMG.</font></p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The SP Agreement is attached
    hereto in Exhibit 10.1. </font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="30"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman" size="2">
    Item 3.02</font></b></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="30"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman" size="2">
    Unregistered Sales of Equity Securities</font></b></td>
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    <td VALIGN="TOP" HEIGHT="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">
    In connection with the transaction described in Item 1.01 of this Current Report on Form
    8-K, the Company shall issue 2,205,376 shares of its common stock as part of the
    consideration for the purchase of 293,000 shares in ATC.</font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman" size="2">
    Item 9.01</font></b></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="22"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman" size="2">
    Financial Statements and Exhibits</font></b></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="16"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2">
    (a)</font></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="16"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2">
    Not applicable</font></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="16"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2">
    (b)</font></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="16"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2">
    Not applicable</font></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="16"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2">
    (c)</font></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="16"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2">
    Exhibit No. Description - See table below.</font></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="16"><font face="Times New Roman" size="2"></font></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="16"><font face="Times New Roman" size="2"></font></td>
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    <td WIDTH="16%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font face="Times New Roman" size="2"><b>Exhibit</b></font></td>
    <td WIDTH="61%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font face="Times New Roman" size="2"><b>Description</b></font></td>
    <td WIDTH="24%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font face="Times New Roman" size="2"><b>Location</b></font></td>
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    <td WIDTH="16%" VALIGN="TOP"><p ALIGN="CENTER"><font face="Times New Roman" size="2">Exhibit
    10.1</font></td>
    <td WIDTH="61%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Sale
    and Purchase Agreement</font></td>
    <td WIDTH="24%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Provided
    herewith</font></td>
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<p ALIGN="CENTER"><font face="Times New Roman" size="2">SIGNATURES</font></p>
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    <td VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">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 face="Times New Roman" size="2"><br>
    <br>
    <br>
    Date: February 22, 2011</font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" size="2"><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" size="2"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" size="2"><br>
    <br>
    By: <i>/s/ Cheng Pheng LOI</i></font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman" size="2"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" size="2">---------------------------------</font></td>
  </tr>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman" size="2"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" size="2">Name: Cheng Pheng LOI</font></td>
  </tr>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman" size="2"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" size="2">Title: President</font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman" size="2"></font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" size="2"></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": "11626293"}, "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): February 18, 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 February 18, 2011, China Media Group Corporation ("CMG"), Good World
    Investments Limited ("GWIL"), a wholly owned subsidiary of CMG, the Vendors and
    Advance Tech Communications Sdn. Bhd. ("ATC") entered into a Sale and Purchase
    Agreement ("SP Agreement") for GWIL to acquire 5% equity interest (equivalent to
    293,000 shares) in ATC from two independent Vendors for a total purchase consideration of
    Malaysian Ringgits RM293,000 (about USD96,642), of which RM87,900 (about USD28,992)
    shall be paid in cash and the remaining balance of RM205,100 (about USD67,650) shall be
    paid by the issuance of 2,205,376 shares in CMG.
ATC is a technology company
    incorporated in Malaysia. ATC is engaged in research and development of mobile convergent
    wireless devices and has developed a proprietary mobile communication devices name
    M.A.G.I.C.
ATC is owned as to 9% by Mr.
    Pheng Cheng LOI, CEO of CMG.
The SP Agreement is attached
    hereto in Exhibit 10.1.
Item 3.02
Unregistered Sales of Equity Securities
In connection with the transaction described in Item 1.01 of this Current Report on Form
    8-K, the Company shall issue 2,205,376 shares of its common stock as part of the
    consideration for the purchase of 293,000 shares in ATC.
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: February 22, 2011
CHINA MEDIA GROUP CORPORATION
By:
/s/ Cheng Pheng LOI
---------------------------------
Name: Cheng Pheng LOI
Title: President