|   |  UNITED STATES                                            |   |
|--------|----------------------------------------------------------------|--------|
|   |  SECURITIES  AND  EXCHANGE COMMISSION |   |
|   |                                                           |   |
|   |  Washington, D.C. 20549                                   |   |
|   |                                                           |   |
|   |  FORM 10-K/A                                              |   |
|   |                                                           |   |
|   |   AMENDMENT NO. 1 TO FORM 10-K                            |   |
|   |                                                           |   |
|   |  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)            |   |
|   |  OF THE SECURITIES EXCHANGE ACT OF 1934                   |   |
|   |                                                           |   |
|   |  For the fiscal year ended December 31, 2015              |   |
|   |                                                           |   |
|   |                                                           |   |

|                                                                                      |  CMG HOLDINGS GROUP, INC.                                          |                                            |
|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|-------------------------------------------------|
|                                                                                      |  (Exact name of registrant as specified in its charter)            |                                            |
|                                                                                      |                                                                    |                                            |
|  Nevada                                                                              |                                                                    |   87­0733770                     |
|  State or other jurisdiction  of incorporation  or organization) |                                                                    | (I.R.S. Employer Identification  No.) |
|                                                                                      |                                                                    |                                            |
|                                                                                      |                                                                    |                                            |
|  2130 North Lincoln Park West 8N                                                     |                                                                    |                                            |
|  Chicago, IL                                                                         |                                                                    |  60614                                     |
| (Address of principal executive offices)                                             |                                                                    | (Zip Code)                                 |
|                                                                                      |                                                                    |                                            |
|                                                                                      |  (773) 698­-6047                                              |                                            |
|                                                                                      | Registrant's telephone number including area code                  |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      |  (Former Name or Former Address, if changed since last report)     |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      | Securities registered pursuant to Section 12(b) of the Exchange Act:    |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      |  None                                                              |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      | Securities registered pursuant to Section 12(g) of the Act:   |                                            |
|                                                                                      |                                                                    |                                            |
|                                                                                      | Common Stock, $0.001 par value                                     |                                            |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   EXPLANATION NOTE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| This Amendment No. 1 to the Annual Report on Form 10-K/A of CMG Holdings, Inc. (the "Company") for the year ended December 31, 2015 is being filed to properly report the number of shares outstanding as of December 31, 2015 and on November 1, 2016 which is 449,329,190 shares of common stock, the same as reported in the audited financial statement on the front cover and on page 19, Item 12  and to reflect the correct number of shares owned by Glenn Laken, CEO and Chairman of the Company on page 19, Item 12. This Amendment No. 1 should be read in conjunction with the Original Form 10-K and the Company's other filings with the SEC. This Amendment No. 1 consists solely of the preceding cover page, this explanatory note, Item 12, the signture page and the certifications required to file as exhibits to this Amendment No. 1.  Except as described above, no other part of the Form 10-K are being amended. |

----

| Name and Address of Beneficial Owner(1) |  Title of Class |   | Amount |       |   | Percent of Class(2) |   |
|------------------------------------------------------------------|----------------------|--------|--------|------------|--------|-------------------------------|--------|
|                                                             |                 |   |   |       |   |                          |   |
| Directors and named Executive Officers                           |                 |   |   |       |   |                          |   |
|                                                             |                 |   |   |       |   |                          |   |
| Glenn Laken                                                      |  Common Stock   |   |   | 49,156,925 | (4)    |                          |   | 10.05 | % |
|                                                             |                 |   |   |       |   |                          |   |   |   |
| David J. Kovacs                                                  |  Common Stock   |   |   | 0          |   |                          |   | 0 | % |
|                                                             |                 |   |   |       |   |                          |   |   |   |
| All Directors and executive officers as a group                  |  Common Stock   |   |   | 49,156,925 |   |                          |   | 10.05 | % |
|                                                             |                 |   |   |       |   |                          |   |   |   |
| 5% Security Holders                                              |                 |   |   |       |   |                          |   |   |   |
|                                                             |                 |   |   |       |   |                          |   |   |   |
| None.                                                            |                 |   |   |       |   |                          |   |   |   |
|                                                             |                 |   |   |       |   |                          |   |   |   |

| (1)   | Except as otherwise indicated, the persons named in this table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to community property laws where applicable and to the information contained in the footnotes to this table. Unless otherwise indicated, the address of the beneficial owner is c/o CMG Holdings Group, Inc. at 2130 Lincoln Park West 8N, Chicago, IL 60614. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities.  Beneficial ownership also includes shares of stock subject to options and warrants currently exercisable or exercisable within 60 days of the date of this table.  In determining the percent of common stock owned by a person or entity as of the date of this Report, (a) the numerator is the number of shares of the class beneficially owned by such person or entity, including shares which may be acquired within 60 days on exercise of warrants or options and conversion of convertible securities, and (b) the denominator is the sum of (i) the total shares of common stock outstanding on as of the date of this Annual Report (290,716,364), and (ii) the total number of shares that the beneficial owner may acquire upon exercise of the derivative securities. Unless otherwise stated, each beneficial owner has sole power to vote and dispose of its shares. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Based on 449,329,190 shares of the Company’s common stock outstanding on November 1, 2016 . |
|-----------------|---------------------------------------------------------------------------------------------------|

| (4)   | Such shares include the options and warrants to purchase a total of 40,000,000 shares of common Stock owned by Mr. Glenn Laken. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------|

----

|             | CMG HOLDINGS GROUP, INC.                                         |
|------------------|------------------------------------------------------------------|
|             | (Registrant)                                                     |
|             |                                                             |
|             |                                                             |
| November 2, 2016 | By: /s/ Glenn Laken                                              |
|             | Glenn Laken, Chief Executive Officer and Chief Financial Officer |

|             | CMG HOLDINGS GROUP, INC. |
|------------------|--------------------------|
|             | (Registrant)             |
|             |                     |
|             |                     |
| November 2, 2016 | By: /s/ Glenn Laken      |
|             | Glenn Laken, Chairman    |

|              | CMG HOLDINGS GROUP, INC.  |
|-------------------|---------------------------|
|              | (Registrant)              |
|              |                      |
|              |                      |
| November 2 , 2016 | By: /s/ David J. Kovacs   |
|              | David J. Kovacs, Director |

----