| Nevada                                                         |   | 46-0521269                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

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| PART I - FINANCIAL INFORMATION                                                               |  2 |
|----------------------------------------------------------------------------------------------|---------|
| Item 1. Financial Statements                                                                 |  2 |
| Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations |  3 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                           |  6 |
| Item 4. Controls and Procedures                                                              |  6 |
| PART II - OTHER INFORMATION                                                                  |  7 |
| Item 1. Legal Proceedings                                                                    |  7 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                          |  7 |
| Item 3. Defaults Upon Senior Securities                                                      |  7 |
| Item 4. Submission of Matters to a Vote of Security Holders                                  |  7 |
| Item 5. Other Information                                                                    |  7 |
| Item 6. Exhibits                                                                             |  7 |

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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

| Condensed Consolidated Balance Sheets as of December 31, 2010 and June 30, 2010 (Unaudited)                           | F-1 |
|----------------------------------------------------------------------------------------------------------------------------|-----|
| Condensed Consolidated Statements of Operations for the three and six months ended December 31, 2010 and 2009 (Unaudited)  | F-2 |
| Condensed Consolidated Statements of Cash Flows for the  six months ended December 31, 2010 and 2009 (Unaudited) | F-3 |
| Notes to the Condensed Consolidated Financial Statements (Unaudited)                                                       | F-4 |

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|                                                                                                                                         |   | December 31, 2010 |       |   | June 30, 2010 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|------------|--------|---------------|--------|
| Assets                                                                                                                                       |   |                   |       |   |          |   |
| Current assets                                                                                                                               |   |                   |       |   |          |   |
|          Cash                                                                                        |   | $                      | 18,697     |   |          | $      | 47,263 |   |
|       Accounts receivable, net of allowance of $36,872 and $35,724 at December 31, 2010 and 2009, respectively |   |                   | 1,677,686  |   |          |   | 1,910,862 |   |
| Total current assets                                                                                                                         |   |                   | 1,696,383  |   |          |   | 1,958,125 |   |
|                                                                                                                                         |   |                   |       |   |          |   |   |   |
| Fixed assets, net                                                                                                                            |   |                   | 58,911     |   |          |   | 68,588 |   |
| Intangible assets, net                                                                                                                       |   |                   | 51,421     |   |          |   | 55,811 |   |
| Film costs                                                                                                                                   |   |                   | 1,858,740  |   |          |   | 1,785,939 |   |
| Deposit                                                                                                                                      |   |                   | 3,302,099  |   |          |   | 3,055,410 |   |
|                                                                                                                                         |   |                   |       |   |          |   |   |   |
| Total assets                                                                                                                                 |   | $                      | 6,967,554  |   |          | $      | 6,923,873 |   |
|                                                                                                                                         |   |                   |       |   |          |   |   |   |
| Liabilities and Stockholders' Equity                                                                                                         |   |                   |       |   |          |   |   |   |
| Current liabilities                                                                                                                          |   |                   |       |   |          |   |   |   |
| Accounts payable                                                                                                                             |   | $                      | 95,797     |   |          | $      | 180,905 |   |
| Accrued liabilities                                                                                                                          |   |                   | 16,236     |   |          |   | 10,303 |   |
| Short term debt                                                                                                                              |   |                   | 120,992    |   |          |   | 117,496 |   |
| Due to related parties                                                                                                                       |   |                   | 119,834    |   |          |   | 281,645 |   |
| Deferred revenue                                                                                                                             |   |                   | 226,860    |   |          |   | - |   |
| Total current liabilities                                                                                                                    |   |                   | 579,719    |   |          |   | 590,349 |   |
|                                                                                                                                         |   |                   |       |   |          |   |   |   |
| Stockholders' equity                                                                                                                         |   |                   |       |   |          |   |   |   |
| Common stock, $0.00001 par value, 180,000,000 shares authorized; 39,750,000 shares issued and outstanding                                    |   |                   | 398        |   |          |   | 398 |   |
| Additional paid-in capital                                                                                                                   |   |                   | 13,972,839 |   |          |   | 8,748,246 |   |
| Accumulated other comprehensive income                                                                                                       |   |                   | 959,037    |   |          |   | 483,610 |   |
| Accumulated deficit                                                                                                                          |   |                   | (8,544,439 | )      |          |   | (5,267,950 | ) |
| Total China Media Inc.'s stockholders' equity                                                                                                |   |                   | 6,387,835  |   |          |   | 3,964,304 |   |
| Non-controlling interest                                                                                                                     |   |                   | -          |   |          |   | 2,369,220 |   |
| Total stockholders' equity                                                                                                                   |   |                   | 6,387,835  |   |          |   | 6,333,524 |   |
|                                                                                                                                         |   |                   |       |   |          |   |   |   |
| Total liabilities and stockholders' equity                                                                                                   |   | $                      | 6,967,554  |   |          | $      | 6,923,873 |   |

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|                                                                                             |    | Three Months Ended December 31, |           |         | Six Months Ended December 31, |   |
|--------------------------------------------------------------------------------------------------|--------------|-------------------------------------------|----------------|--------------|-----------------------------------------|--------|
|                                                                                             |    | 2010                                      |           |         | 2009                                    |   |   | 2010 |   |   | 2009 |   |
| Revenue                                                                                          |         | $                                         | 178,493        |    |                                    | $      | 1,173,067 |    |   | $ | 178,493 |   |   | $ | 1,173,067 |   |
| Cost of revenues                                                                                 |    |                                      | 159,099        |    |                                    |   | 1,173,067 |    |   |   | 159,099 |   |   |   | 1,173,067 |    |
| Gross profit                                                                                     |         |                                      | 19,394         |         |                                    |   | - |   |   |   | 19,394 |   |   |   | - |   |
|                                                                                             |         |                                      |           |         |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                                                              |    |                                      | 109,446        |    |                                    |   | 111,870 |    |   |   | 137,394 |    |   |   | 136,541 |    |
| Depreciation and amortization expense                                                            |    |                                      | 8,700          |    |                                    |   | 15,621 |    |   |   | 17,291 |    |   |   | 31,221 |    |
|      Total operating expenses                                           |    |                                      | (118,146)      |         |                                    |   |  (127,491) |   |   |   |  (154,685) |   |   |   |  (167,762) |   |
|                                                                                             |         |                                      |           |         |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Government subsidies/grants                                                                      |         |                                      | 25             |         |                                    |   |   |   |   |   | 2,982 |   |   |   |   |   |
| Net loss                                                                                         |         |                                      |  (98,727) |         |                                    |   |  (127,491) |   |   |   |  (132,309) |   |   |   |  (167,762) |   |
|       Less: Net loss attributable to non-controlling interest           |    |                                      | -              |    |                                    |   | 47,668 |    |   |   | 10,743 |    |   |   | 62,726 |    |
|  Net loss attributable to China Media, Inc.                                                 |    |                                      |  (98,727) |         |                                    |   |  (79,823) |   |   |   |   (121,566) |   |   |   |  (105,036) |   |
|                                                                                             |         |                                      |           |         |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss)                                                                |         |                                      |           |         |                                    |   |   |   |   |   |   |   |   |   |   |   |
|       Net loss                                                          |         |                                      | (98,727)       |         |                                    |   | (127,491) |   |   |   | (132,309) |   |   |   | (167,762) |   |
|       Foreign currency translation                                      |    |                                      | 73,831         |    |                                    |   | 6,524 |    |   |   | 186,620 |    |   |   | 5,342 |   |
|                                                                                             |    |                                      |           |         |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive loss                                                                               |    |                                      | (24,896)       |         |                                    |   | (120,967 | )  |   |   | 54,311 |   |   |   | (162,420) |   |
|       Less: comprehensive loss attributable to non-controlling interest |    |                                      |           |    |                                    |   | 47,668 |    |   |   | 25,338 |   |   |   | 62,726 |    |
| Comprehensive loss attributable to China Media, Inc.                                             |    | $                                         | (24,896)       |         |                                    | $      | (73,299 | )  |   | $ | 28,973 |   |   | $ | (99,694) |   |
|                                                                                             |    |                                      |           |         |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per share basic and diluted                                                             |    | $                                         |  (0.00)   |         |                                    |   |  (0.00) |   |   |   |  (0.00) |   |   |   |  (0.00) |   |
| Weighted average number of shares outstanding basic and diluted                                  |    |                                      | 39,750,000     |    |                                    |   | 39,750,000 |    |   |   | 39,750,000 |    |   |   | 39,750,000 |    |

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|                                                               | Six Months EndedDecember 31, |   |
|--------------------------------------------------------------------|-----------------------------------|--------|
|                                                               |                              |   | 2010 |   |   |   | 2009 |   |
| CASH FLOWS OPERATING ACTIVITIES                                    |                              |   |   |   |   |   |   |   |
| Net loss                                                           |                              | $      | (132,309 | ) |   | $ | (167,762 | )  |
| Adjustments to reconcile net income (loss) to net cash provided by |                              |   |   |   |   |
| operating activities:                                              |                              |   |   |   |   |   |   |   |
| Contributed Rent                                                   |                              |   | - |   |   |   | 5,868 |   |
| Amortization expense                                               |                              |   | 5,963 |   |   |   | 5,790 |   |
| Depreciation expense                                               |                              |   | 11,328 |   |   |   | 25,240 |   |
| Changes in operating assets and liabilities                        |                              |   |   |   |   |   |   |   |
| Accounts receivable                                                |                              |   | 285,219 | ) |   |   | (96,123 | ) |
| Cash paid for film costs                                           |                              |   | (19,335 | )  |   |   | (293,400 | )  |
| Accounts payable                                                   |                              |   | (88,989 | )  |   |   |   |   |
| Accrued expenses                                                   |                              |   | 5,515 |   |   |   | (320 | ) |
| Deferred Revenue                                                   |                              |   | 226,860 |   |   |   | - |   |
| Net cash provided by (used in) operating activities of operations  |                              |   | (294,252 | ) |   |   | (520,707 | )  |
|                                                               |                              |   |   |   |   |   |   |   |
| CASH FLOW INVESTING ACTIVITIES                                     |                              |   |   |   |   |   |   |   |
| Cash paid for deposit                                              |                              |   | (153,191 | ) |   |   |   |   |
| Collections of note receivable                                     |                              |   |   |   |   |   | 1,467,000 |   |
| Loans made to others                                               |                              |   | - |   |   |   | (4,452,345 | ) |
| Net cash used in investing activities                              |                              |   | (153,191 | ) |   |   | (2,985,345 | )  |
|                                                               |                              |   |   |   |   |   |   |   |
| CASH FLOW FINANCING ACTIVITIES                                     |                              |   |   |   |   |   |   |   |
| Payments to (proceeds from)  related parties             |                              |   | (170,191 | )  |   |   | 129,816 |   |
| Net cash provided by (used in) financing activities                |                              |   | (170,191 | )  |   |   | 129,816 |   |
|                                                               |                              |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash                            |                              |   | 564 |   |   |   | 5,551 |   |
| NET CHANGE IN CASH                                                 |                              |   | (28,566 | ) |   |   | (3,370,685 | )  |
| CASH AT BEGINNING OF PERIOD                                        |                              |   | 47,263 |   |   |   | 3,375,449 |   |
| CASH AT END OF PERIOD                                              |                              | $      | 18,697 |   |   | $ | 4,764 |   |
|                                                               |                              |   |   |   |   |   |   |   |
| SUPPLEMENTAL INFORMATION:                                          |                              |   |   |   |   |   |   |   |
| Interest paid                                                      |                              | $      | - |   |   | $ | - |   |
| Income taxes paid                                                  |                              | $      | 676 |   |   | $ | - |   |
| Non-Cash Transaction                                               |                              |   |   |   |   |   |   |   |
| Short term debt offset accounts receivable                         |                              | $      |   |   |   | $  | 117,224 |   |

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Item 2.  Managements Discussion and Analysis of Financial Condition and Results of Operations

|                                                           |   | Six Months EndedDecember 31, 2010 ($) |       |   | Six Months EndedDecember 31, 2009($) |   |
|----------------------------------------------------------------|--------|-------------------------------------------------|------------|--------|-------------------------------------------|--------|
| Revenue                                                        |   |                                            | 178,493    |   |                                      |   | 1,173,067 |   |
| Cost of Revenue                                                |   |                                            | 159,099    |   |                                      |   | 1,173,067 |   |
| Expenses                                                       |   |                                            | 154,685    |   |                                      |   | 167,762 |   |
| Net Loss                                                       |   |                                            | ( 132,309  | )      |                                      |   | (167,762 | ) |
| Net Loss per Share - Basic and Diluted                         |   |                                            | (0.00      | )      |                                      |   | (0.00 | ) |
| Weighted Average Number Shares Outstanding - Basic and Diluted |   |                                            | 39,750,000 |   |                                      |   | 39,750,000 |   |

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|                                                           |   | Three Months EndedDecember 31, 2010 ($) |       |   | Three Months EndedDecember 31, 2009($) |   |
|----------------------------------------------------------------|--------|---------------------------------------------------|------------|--------|---------------------------------------------|--------|
| Revenue                                                        |   |                                              | 178,493    |   |                                        |   | 1,173,067 |   |
| Cost of Revenue                                                |   |                                              | 159,099    |   |                                        |   | 1,173,067 |   |
| Expenses                                                       |   |                                              | -118,146   |   |                                        |   | 127,491 |   |
| Net Loss                                                       |   |                                              | (98,727    | )      |                                        |   | (127,491 | ) |
| Net Loss per Share - Basic and Diluted                         |   |                                              | (0.00      | )      |                                        |   | (0.00 | ) |
| Weighted Average Number Shares Outstanding - Basic and Diluted |   |                                              | 39,750,000 |   |                                        |   | 39,750,000 |   |

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Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Item 4.  Controls and Procedures

| (1)  | Engaged outside consultants to assist in our assessment of the effectiveness of the company’s internal controls over financial reporting; and |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)  | Developed and instituted new internal control procedures to strengthen our month-end close and financial reporting processes; |
|-----------|-------------------------------------------------------------------------------------------------------------------------------|

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PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.  Defaults Upon Senior Securities

Item 4.  Submission of Matters to a Vote of Security Holders

Item 5.  Other Information

Item 6.  Exhibits

| Exhibit Number | Exhibit Description                                                                                                                                                                           |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2           | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                     |
| 32.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                     |

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|                    | China Media Inc.                                               |
|-------------------------|----------------------------------------------------------------|
|                    | (Registrant)                                                   |
|                    |                                                           |
|                    | /s/ Dean Li                                                    |
| Date: February 14, 2011 | Dean Li                                                        |
|                    | President, Chief Executive Officer                             |
|                    | (Principal Executive Officer)                                  |
|                    |                                                           |
|                    | /s/ Ying Xue                                                   |
| Date: February 14, 2011 | Ying Xue                                                       |
|                    | Chief Financial Officer                                        |
|                    | (Principal Financial Officer and Principal Accounting Officer) |