UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   FORM 10-QSB


              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003

              [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                   EXCHANGE ACT FOR THE TRANSITION PERIOD FROM
                       _______________ to _______________

                         Commission File Number 0-31012



                       NT MEDIA CORP. OF CALIFORNIA, INC.
                       ----------------------------------
        (Exact name of small business issuer as specified in its charter)



               DELAWARE                                  94-3357128
  ----------------------------------         -----------------------------------
   (State of other jurisdiction of             (I.R.S. Employer Identification
    incorporation or organization)                          Number)



    5670 Wilshire Blvd., Suite 1400                        90069
       Los Angeles, California
---------------------------------------     ------------------------------------
(Address of Principal Executive Offices)                  Zip Code


       Issuer's telephone number:                      (323) 445-4833


Indicate by check mark whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the issuer was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days:

                            YES    X                       NO
                                --------                      ---------


Common stock, no par value, 35,977,750 issued and outstanding as of July 31,
2003.



                                       1
<PAGE>


                                      INDEX

                                                                          Page
                                                                          ----
PART I - FINANCIAL INFORMATION

        ITEM 1.  FINANCIAL STATEMENTS........................................3

        ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF ...........12
                 OPERATIONS
        ITEM 3.  CONTROLS AND PROCEDURES....................................19

PART II - OTHER INFORMATION

        ITEM 2.  CHANGES IN SECURITIES......................................20

        ITEM 5.  OTHER INFORMATION..........................................20

        ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K...........................20




































                                       2
<PAGE>







                         PART I - FINANCIAL INFORMATION


ITEM 1.   FINANCIAL STATEMENTS                                               3


CONSOLIDATED FINANCIAL STATEMENTS

       Consolidated Balance Sheet                                            4

       Consolidated Statements of Operations                                 6

       Consolidated Statements of Cash Flows                                 8

       Notes to Consolidated Financial Statements                           10



































                                       3
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Balance Sheet





                                     ASSETS

CURRENT ASSETS:
     Cash                                                      $    1,752
     Accounts receivable, net of allowance
         for bad debts of $10,000                                  23,000
     Advances to officer                                           27,000
     Notes receivable, related party                               25,000
     Interest receivable, related party                             9,829
                                                               ----------

                     Total Current Assets                          86,581

PROPERY AND EQUIPMENT, net of accumulated
     depreciation of $7,439                                         4,345

DOMAIN NAME, net of accumulated amortization of $3,750              1,250

OTHER ASSETS                                                          200
                                                               ----------

                      Total Assets                             $   92,376
                                                               ==========

              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
     Accounts payable                                          $   87,468
     Accrued liabilities                                          214,868
     Accrued interest, related party                                4,071
     Notes payable                                                 15,000
     Notes payable, related party                                  30,870
     Accrued litigation settlement                                100,000
                                                               ----------

                     Total Current Liabilities                    452,277

CONVERTIBLE NOTES PAYABLE, RELATED PARTY                          917,800

ACCRUED INTEREST, long term                                       130,947
                                                               ----------

                     Total Liabilities                          1,501,024
                                                               ----------




          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       4
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Balance Sheet


COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT):
     Preferred stock, $.001 par value, 5,000,000 shares
            authorized, -0- issued and outstanding                          -

     Common stock, $.001 par value, 100,000,000 shares
            authorized, 35,877,750  issued and outstanding               35,878

     Additional paid-in capital                                         831,335
     Stock subscription receivable                                      (69,482)
     (Deficit) accumulated during the development stage              (2,206,379)
                                                                    -----------

                     Total Stockholders' Equity (Deficit)            (1,408,648)
                                                                    -----------

                                                                    $    92,376
                                                                    ===========






























          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       5
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Operations

<TABLE>


                                                                                                                 For the period
                                                                                                               from June 4, 1999
                                                     For the three months ended     For the six months ended   (Inception) to 30,
                                                                June 30,                      June 30,               June 30,
                                                     --------------------------    --------------------------  ------------------
                                                         2003           2002           2003           2002             2003
                                                     -----------    -----------    -----------    -----------  ------------------
                                                     (Unaudited)    (Unaudited)    (Unaudited)    (Unaudited)      (Unaudited)


<S>                                                  <C>            <C>            <C>            <C>          <C>
REVENUE                                              $    75,000    $    31,800    $   155,000    $    56,800  $          323,589
                                                     -----------    -----------    -----------    -----------  ------------------

COSTS AND EXPENSES:
      General and administrative                          58,389        124,934        130,770        252,786           2,204,202
      Depreciation and amortization                          839            839          1,678          1,678             125,923
      Loss on litigation settlement                           --         21,564             --         21,564             100,000
                                                     -----------    -----------    -----------    -----------  ------------------

              Total Costs and Expenses                    59,228        147,337        132,448        276,028           2,430,125
                                                     -----------    -----------    -----------    -----------  ------------------


OPERATING INCOME (LOSS)                                   15,772       (115,537)        22,552       (219,228)         (2,106,536)
                                                     -----------    -----------    -----------    -----------  ------------------

OTHER INCOME (EXPENSE):
      Interest income, related party                       1,193          1,089          2,347          2,178               9,829
      Interest expense                                      (450)          --             (450)          --                  (450)
      Interest expense, related party                    (12,210)       (13,618)       (28,455)       (29,219)           (147,989)
      Debt forgiven                                         --             --             --             --                26,471
      Legal fees forgiven                                   --             --             --             --                12,296
                                                     -----------    -----------    -----------    -----------  ------------------

              Net Other Income (Expense)                 (11,467)       (12,529)       (26,558)       (27,041)            (99,843)
                                                     -----------    -----------    -----------    -----------  ------------------


NET INCOME (LOSS)                                    $     4,305    $  (128,066)   $    (4,006)   $  (246,269) $       (2,206,379)
                                                     ===========    ===========    ===========    ===========  ==================
</TABLE>





















          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       6
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Operations


<TABLE>
<S>                                            <C>                 <C>                 <C>                  <C>

NET INCOME (LOSS) PER SHARE -
      BASIC AND DILUTED                        $              *    $               *   $                *   $          (0.01)
                                               ===============     ================    ================     ================

WEIGHTED AVERAGE COMMON  SHARES
      OUTSTANDING, BASIC  AND DILUTED               31,325,478           30,000,000          30,666,401           30,000,000
                                               ===============     ================    ================     ================

*     Less than $0.01 per share

</TABLE>







































          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



                                       7
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Cash Flows

<TABLE>
<S>                                                                 <C>                   <C>           <C>
                                                                    For the six months ended June 30,      For the period from
                                                                    ---------------------------------   June 4, 1999 (Inception)
                                                                        2003                 2002           to June 30, 2003
                                                                    -----------           -----------  ------------------------
                                                                    (Unaudited)           (Unaudited)          (Unaudited)
CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
       Reconciliation of net (loss) to net cash flows provided
       by (used in)operating activities:
          Net (loss)                                                $    (4,006)          $  (246,269)  $           (2,206,379)
          Depreciation and amortization                                   1,678                 1,678                  125,923
          Impairment loss                                                    --                    --                  180,328
          Operating expenses paid by reducing note receivable                --                10,000
          Stock issued for services                                          --                    --                   19,500
          Legal fees forgiven                                                --                    --                  (12,296)
          Debts forgiven                                                     --                    --                  (26,471)
       Changes in assets and liabilities
          Accounts receivable                                           (23,000)               (6,000)                 (23,000)
          Advances to officer                                           (27,000)                   --                  (27,000)
          Prepaid expenses                                                   --                (3,000)                      --
          Interest receivable                                            (2,346)               (2,178)                  (9,828)
          Other assets                                                       --                  (420)                    (200)
          Deferred income                                               (30,000)                   --                       --
          Litigation settlement                                              --                    --                  100,000
          Accounts payable and accrued expenses                          18,103               161,395                  314,631
          Accrued expenses, related party                                25,336                    --                  136,136
                                                                    -----------           -----------  ------------------------
                Net Cash (Used in) Operating Activities                 (41,235)              (94,794)              (1,418,656)
                                                                    -----------           -----------  ------------------------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:
       Notes receivable from officers                                        --                   --                   (16,048)
       Proceeds from notes receivable from officers                          --                   --                     6,048
       Notes receivable, related parties                                (50,000)                  --                   (50,000)
       Proceeds from notes receivable, related parties                   25,000                   --                    25,000
       Investment in property and equipment                                  --                   --                   (18,879)
       Investment in web site development costs                              --                   --                  (292,968)
                                                                    -----------           -----------  ------------------------
</TABLE>























          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



                                       8
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Cash Flows

<TABLE>

<S>                                                                 <C>                   <C>           <C>
                Net Cash (Used in) Investing Activities                 (25,000)                 --                   (346,847)
                                                                    -----------           -----------  ------------------------

CASH FLOWS FROM (TO) FINANCING ACTIVITIES:
       Proceeds from issuance of common stock                            92,453                  --                    787,453
       Payment of offering costs                                         (9,222)                 --                     (9,222)
       Proceeds from note payable                                        15,000              15,000
       Proceeds from note payable, related party                         19,037              10,771                    126,342
       Payment of note payable, related party                           (54,365)               (515)                   (70,118)
       Proceeds from issuance of convertible notes                           --              88,200                    917,800
                                                                    -----------           -----------  ------------------------

                Net Cash Provided by Financing Activities                62,903              98,456                  1,767,255
                                                                    -----------           -----------  ------------------------


INCREASE (DECREASE) IN CASH                                              (3,332)              3,662                      1,752

CASH, beginning of period                                                 5,084               2,992                         --
                                                                    -----------           -----------  ------------------------
CASH, end of period                                                       1,752               6,654    $                 1,752
                                                                    ===========           ===========  ========================
</TABLE>































          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       9
<PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to Consolidated Financial Statements

NOTE 1 - BASIS OF PRESENTATION

The accompanying  unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles in the United States
of America for interim  financial  information and with the instructions to Form
10-QSB and Item 310 of Regulation S-B.  Accordingly,  they do not include all of
the  information  and  footnotes  required  by  generally  accepted   accounting
principles  for  complete  financial  statements.   The  accompanying  unaudited
consolidated  financial  statements reflect all adjustments that, in the opinion
of management, are considered necessary for a fair presentation of the financial
position,  results of operations,  and cash flows for the periods presented. The
results of  operations  for such periods are not  necessarily  indicative of the
results  expected  for  the  full  fiscal  year or for any  future  period.  The
accompanying  unaudited  consolidated  financial  statements  should  be read in
conjunction with the audited consolidated financial statements of NT Media Corp.
of California,  Inc. and  Subsidiary  included in the Form 10-KSB for the fiscal
year ended December 31, 2002.

NOTE 2 - USE OF ESTIMATES

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect certain  reported amounts and  disclosures.  Accordingly,  actual results
could differ from those estimates.

NOTE 3 - RECLASSIFICATIONS

Certain prior period  balances have been  reclassified to conform to the current
period's presentation.

NOTE 4 - NOTE PAYABLE - UNRELATED PARTY

On March 31,  2003,  the Company  obtained a  short-term  note  payable  from an
unrelated  party in the amount of $15,000 at an  interest  rate of 12% per year.
Principal and interest are due on September 30, 2003 or upon the Company raising
additional funds of more than $100,000,  whichever occurs first. The note may be
extended by mutual consent.

NOTE 5 - UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN

The financial  statements have been prepared  assuming the Company will continue
as  a  going  concern.  The  Company  has  incurred  net  losses  and  generated
insignificant revenue since its inception,  June 4, 1999. The Company has relied
on its  investors  to meet its cash  flow  requirements.  The  Company  plans to
generate the additional cash needed through the completion of additional equity,
debt, or joint venture  transactions.  There is no assurance,  however, that the
Company  will be able to  complete  its  plans  in the  future  at  commercially
reasonable terms, if at all, or that the Company will be able to meet its future
contractual obligations.

NOTE 6 - EARNINGS PER SHARE

Fully  diluted  per  share  data  is not  presented,  as the  effects  would  be
antidilutive.
                                       10 <PAGE>
NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to Consolidated Financial Statements


NOTE 7 - CONCENTRATION

For the six months  ended June 30, 2003,  revenue from one customer  represented
100% of the Company's  revenue.  For the six months ended June 30, 2002, revenue
from two customers represented 71% of the Company's revenue.

NOTE 8 - RELATED PARTY TRANSACTIONS

For the six months  ended  June 30,  2003,  the  Company  paid  $45,000 to Astor
Capital,  Inc.  for  consulting  fees.  Astor  Capital,  Inc.  is  a  California
corporation   of  which  Ali   Moussavi,   the  Company's   Secretary,   is  the
Manager/Partner  and 50% owner. At June 30, 2003, Astor Capital,  Inc. held 6.5%
of the Company's total common stock issued and outstanding.

NOTE 9 - NOTES RECEIVABLE AND ADVANCES TO OFFICER

On June 19, 2003,  the Company  loaned $50,000 to a related party at an interest
rate of 10% per year.  The note is due the  sooner of July 10,  2003 or upon the
related  party  raising  additional  funds of more than  $100,000,  but has been
extended by mutual  consent.  As of June 30, 2003,  $25,000 of the note had been
repaid to the Company.

In May 2003, the Company advanced $27,000 to an officer / member of the Board of
Directors. The advance bears interest at 5% per year and is due on demand.

NOTE 10 - STOCKHOLDERS' EQUITY

During the six months ended June 30, 2003, the Company sold 5,877,750  shares of
common stock for $92,453.  The Company paid a $9,222  placement fee to a company
managed and owned 50% by the Company's Secretary.























                                       11
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
         OPERATIONS

Caution About Forward-Looking Statements

This Form 10-QSB includes  "forward-looking"  statements  about future financial
results, future business changes and other events that haven't yet occurred. For
example,  statements like the Company "expects," "anticipates" or "believes" are
forward-looking  statements.  Investors  should be aware that actual results may
differ materially from the Company's expressed expectations because of risks and
uncertainties  about the future.  The Company  does not  undertake to update the
information in this Form 10-QSB if any forward-looking statement later turns out
to be inaccurate. Details about risks affecting various aspects of the Company's
business  are  discussed  throughout  this Form 10-QSB and should be  considered
carefully.

Plan of Operation for the Next Twelve Months

NT Media's business includes the development and production of feature films and
television programs, and the provision of international business development and
strategy  consulting  services.  With  its  existing  operations,   the  Company
generates or will generate  revenue through  producer fees,  license/acquisition
fees (theatrical, network television, cable television, home video, syndication,
and  foreign  territories),  participation  fees  (percentage  of box office and
ancillary  gross or adjusted  gross  revenue  with  respect to feature  film and
television  production),  and consulting  fees and  commissions  with respect to
business  development  and strategic  consulting.  The Company has  discontinued
various  lines of business of its  subsidiary  Ecast and  expects  revenues  and
losses from Ecast's business to decline accordingly.

The Company has  developed  and is now  pursuing  an  acquisition-driven  growth
strategy.   In  particular,   the  Company  intends  to  expand  vertically  and
horizontally in the entertainment  and media sector through  acquisitions in the
design, production,  and interactive game sub-sectors.  The Company is currently
exploring  opportunities  among  various  types of companies  including  but not
limited to feature film and  television  production,  commercial  and  broadcast
design,  animation,  visual  effects,  interactive  game  developers  for PC and
consoles,  marketing/branding  firms,  commercial  production,  and  interactive
television design and production.  There can be no assurance that this expansion
strategy can be  implemented,  and, if  implemented,  will result in  profitable
operations.

Over the next twelve-month period, the Company anticipates needing the following
operating capital amounts:


        Purpose                                                   Amount
        -------                                                   ------
        Growth Capital for Acquired Subsidiaries                  $   600,000
        Additional Employees                                      $   200,000
        Marketing and Public Relations Campaigns                  $   100,000
        Participation in Industry and Trade Functions             $    50,000
        Ongoing Operations                                        $ 1,000,000





                                       12
<PAGE>
Outside   financing  will  continue  to  be  necessary  to  meet  the  Company's
anticipated  working  capital  needs for the  foreseeable  future.  The  Company
anticipates that its major  stockholders will make capital  investments or loans
of  convertible  debt to pay  the  operating  expenses  of the  Company  for the
foreseeable  future.  Cash requirements may also be met through the cash flow of
acquired subsidiary operations if the Company's acquisition strategy is realized
during the current year. Given its current financial  position for the immediate
future,  the  Company  expects to operate its  current  lines of business  under
strict  budgetary  constraints  in order to keep  operating  expenses  as low as
possible until new core businesses are acquired.


Results of Operation

On April 17,  2001,  as a result of an Exchange  Agreement,  the Company  issued
10,000,000  post-split  shares of its common  stock in  exchange  for all of the
outstanding common stock of Ecast. The stock exchange resulted in Ecast becoming
a wholly-owned  subsidiary of NT Media while giving the former  stockholders  of
Ecast  ownership  of  approximately  80% of NT Media's then  outstanding  common
stock.

Prior to the reorganization,  the Company was a developmental stage company with
principal  business  activities  including the  distribution and sale of digital
cameras and digital music players as well as the development of  digital-related
services.  However,  the Company did not generate any revenues from its business
activities prior to its reorganization with Ecast.

Subsequent to April 17, 2001, the Company's  primary business  activities became
those  operations  previously  carried  on by Ecast  including  the  production,
aggregation and distribution of on- and off-line content,  management of on- and
off-line talent and literary  clients and the provision of strategic  counseling
services to growth oriented companies in the entertainment and media sectors.

During the second  quarter of 2001,  the Company's  management  determined  that
pursuing  Ecast's  business did not offer the Company  sufficient  potential for
growth and profitability.  Consequently,  the Company commenced to close certain
money  losing  sectors of Ecast's  business  and adopted a new  "growth  through
acquisition" strategy. Pursuant to this new growth strategy, the Company intends
to identify and investigate  various  acquisition targets currently operating in
complimentary  industries  including film and television  production  companies,
commercial broadcast design companies, interactive game developers,  interactive
television design and production companies.

Due to the Company's current growth strategy,  the results of operations for the
last two fiscal years will likely not be indicative of the Company's current and
future operations. The current management discussion and analysis should be read
in the context of the Company's change of business in April, 2001 as a result of
its  reorganization  with Ecast and the Company's  current emphasis on acquiring
new lines of business.








                                       13
<PAGE>
Operating Results for the Quarters Ended June 30, 2003 and 2002

The Company  realized  revenue of $75,000  for the  quarter  ended June 30, 2003
which represents a substantial  increase compared to revenues of $31,800 for the
same  quarter of 2002.  This  increase was due  primarily to increased  revenues
generated  from  consulting  fees (with  respect  to  business  development  and
strategy  consulting)  and to a  lesser  extent  license/acquisition  fees.  The
revenues  from Ecast's  lines of business are expected to continue to decline as
the Company sells or discontinues certain lines of business previously conducted
by Ecast.

Operating  expenses decreased 60% from $147,337 in the second quarter of 2002 to
$59,228 in the second  quarter of 2003. The decrease was due primarily to: (i) a
$66,500  decline  in  professional  and  administrative  costs  related  to  the
completion of year-end SEC filings;  and (ii) a $21,500 legal  settlement  which
occurred in the 2nd quarter of 2002.

The Company  realized an operating  income of $15,772 for the quarter ended June
30, 2003 compared to an operating  loss of $115,537 in the same quarter of 2002.
This operating income reflects both the increase in revenues and the decrease in
operating expenses incurred during the second quarter of 2003.

Other  expenses  declined  8% from  $12,529 in the  quarter  ended June 30, 2002
compared  to $11,467 of  expenses in the same  quarter of 2003.  While  interest
income  and  expense  (to a related  party)  remained  substantially  unchanged,
expenses  for the second  quarter of 2003  include a $450  expense  relating  to
interest expense paid to non-related parties.

The  Company  realized  net  income  for the  second  quarter  of 2003 of $4,305
compared to a net loss of $128,066 in the quarter  ended June 30, 2002.  The net
income in the first quarter of 2003 reflected not only the decrease in operating
and other  expenses  but also the  significant  increase in revenues  during the
second quarter of 2003.

The Company  plans to increase its business  operations  and revenue  generation
from  the  acquisition  of one or more  companies  adding  additional  lines  of
business to the Company's operations. Such acquisitions may take the form of the
purchase of assets,  a corporate  merger or some other  transaction  designed to
have the Company own and continue operating the acquired businesses.

Operating Results for the Six Months Ended June 30, 2003 and 2002

Total  revenue for the six months  ended June 30,  2003 was $155,00  compared to
$56,800 for the six months ended June 30, 2002. This increase  reflects the fact
that the Company had only started its business  operations during the first half
of 2002 compared to six months of full operations during 2003. The revenues were
generated  through  consulting fees received from a single customer.  71% of the
revenues  generated  during the first six months of 2002 were  received from two
customers. Revenues from Ecast's old lines of business declined from $800 during
the first six months of 2002 to zero during the same period of 2003.








                                       14
<PAGE>
Operating  expenses  totaled  $132,448  for the six months  ended June 30,  2003
compared to $276,028 for the same period in 2002.  This 52% decline in operating
expenses reflects the fact that NT Media  restructured and lowered its operating
costs due to the prevailing business climate during the first six months of 2003
compared to higher  employee  costs,  office and travel  expenses and car leases
incurred  during the same period in 2002. Of these  expenses,  professional  and
consulting fees aggregated  $97,003.  Professional fees decreased 51% during the
six months ended June 30, 2003 due to reduced regulatory  compliance costs while
consulting fees also decreased due to reduced  utilization of  consultants.  The
Company  paid  $5,980 in office  rent  during  the first six  months of 2003 and
$19,582 of such  expenses  recognized  during the  similar  period of 2002.  The
Company spent $29,465 in other expenses  including travel and promotions  during
the first six months of 2003 which  reflects the  Company's  efforts to identify
and evaluate programming opportunities in the theatrical,  television and motion
picture  industries.  The  Company had  operating  income of $22,552 for the six
months ended June 30, 2003 while reporting an operating loss of $219,228 for the
same period in 2002.  The operating  income  resulted  from an almost  threefold
increase in revenues  during the six-month  period along with costs and expenses
falling by over 50%.

The  Company's  net loss for the six  months  ended  June  30,  2003 was  $4,006
compared  to a net loss of  $246,269  for the  comparable  period  in 2002.  The
decreased loss during 2003  represents the sharp increase in operating  revenues
during the latter part of the six month period offset by  substantially  reduced
operating expenses relating to the Company's development of its business as well
as regulatory  compliance costs. The larger net loss during the first six months
of 2002 reflects the initial start-up cost incurred during that period.

Liquidity and Sources of Capital

Prior  to  the  most  recently  completed  quarter,  the  Company  had  incurred
significant  operating losses during the last three fiscal years and, as of June
30, 2003, the Company had an accumulated deficit of $2,206,379. At June 30, 2003
the Company  had cash or cash  equivalents  of $1,752 and a net working  capital
deficit of $365,696.

During the last three years,  both the Company and its wholly-owned  subsidiary,
Ecast,  have been  dependent  on borrowed or invested  funds in order to finance
their ongoing operations. As of June 30, 2003, Ecast had $620,000 in outstanding
debt  represented  by 6%  convertible  notes  while NT  Media  had  $297,800  in
outstanding  debts  represented  by 6%  convertible  notes.  Such notes had been
issued to two of the Company's major stockholders.  The Company anticipates that
these major stockholders will continue to provide working capital to the Company
on an as-needed basis.

The  report of NT Media's  independent  accountants  includes a "going  concern"
explanation.  In the  accountant's  opinion,  the  Company's  limited  operating
history and the accumulated net deficit as of June 30, 2003,  raise  substantial
doubt about its ability to continue as a going concern.

Due to the Company's limited cash flow,  operating losses and limited assets, it
is unlikely  that the Company  could  obtain  financing  through  commercial  or





                                       15
<PAGE>
banking  sources.  Consequently,  the Company is  dependent on  continuous  cash
infusions from its major  stockholders in order to fund its ongoing  operations.
If these majority  stockholders  were  unwilling or unable to provide  necessary
working  capital to the  Company,  the  Company  would  probably  not be able to
sustain its operations.  There is no written agreement or contractual obligation
which  would  require  the  Company's  majority  stockholders  to  fund  Company
operations  up to a certain  amount or indeed  continue to finance the Company's
operations at all. The notes are voluntarily  convertible  when the Company's or
Ecast's  securities (as the case may be) are trading publicly and the underlying
stock of the  convertible  notes has been  registered  with the SEC and declared
effective.  It is  mandatory  that they must be  converted  on the fifth year of
their anniversary date. Thus, the current convertible notes would be mandatorily
converted  during 2005, 2006 and 2007 unless they become eligible for conversion
prior to that time.

As of June 30, 2003,  NT Media's  principal  commitments  include an  obligation
under a  month-to-month  lease of $750 per  month  for the  Company's  corporate
offices.

Management of the Company believes that it will need to raise additional capital
to continue to develop,  promote  and conduct its  operations.  Such  additional
capital may be raised through  public or private  financing as well as borrowing
from other sources.  To date, two of the Company's  largest  existing  investors
have paid  substantially  all of the  Company's  expenses  during the last three
years.  Although the Company believes that these investors will continue to fund
the Company's expenses based upon their significant equity interest in NT Media,
there is no assurance  that such  investors  will  continue to pay the Company's
expenses.  If adequate funds are not otherwise  available,  management  believes
that its officers and directors will  contribute  capital  amounts  necessary to
fund the Company's ongoing expenses.

Factors Affecting Future Operating Results

The Company has incurred losses since inception and has not generated sufficient
revenues to cover its expenses  during 2002 and the first  quarter of 2003. As a
result of the losses and  negative  cash flows from  operations,  the  Company's
ability to continue  operations will depend on its ability to generate increased
revenues and the availability of outside  financing for working capital.  If the
Company is unable to  generate  sufficient  revenues in the near future to cover
its expenses or obtain outside  capital to cover operating  expenses,  it may be
unable to expand or maintain business operations.

If the  Company is unable to execute  acquisitions,  it may be unable to achieve
significant  revenue  particularly in light of the Company's  curtailment of its
Ecast business. Additionally, if the Company is unable to establish and maintain
its  network  of  professional  relationships,  it may  be  unable  to  identify
acquisition  targets and may be unable to attract  financing and business to any
acquired  companies  that would  operate as  subsidiaries  of the Company.  As a
result,  the Company  may be unable to achieve  significant  revenue,  or in the
event  it is  successful  in  making  acquisitions,  revenues  of  the  acquired
companies  could be reduced.  There can be no  assurance  that the Company  will
identify sufficient acquisition opportunities,  be able to close acquisitions on
acceptable  commercial  terms, or be able to create and/or maintain a demand for
the  products  and/or  services  of any  acquired  companies,  in the  event any
acquisitions take place.


                                       16
<PAGE>
Future acquisitions  involve a number of special risks,  including the diversion
of management's attention to the assimilation of the operations and personnel of
the  acquired  companies,  adverse  short-term  effects on NT Media's  operating
results and the  potential  inability  to  integrate  financial  and  management
reporting systems.  A significant  portion of NT Media's resources could be used
for these  acquisitions.  If the Company is not able to integrate and expand the
operations  of acquired  companies,  without  excessive  costs,  delays or other
adverse consequences, revenues of the acquired companies could decrease.

NT Media will acquire interests in various television or movie concepts, program
pilots and other proprietary  rights in the entertainment  field. If NT Media is
unable to protect these  proprietary  rights,  the value of such rights could be
impaired and it could lose profit  potential.  NT Media regards its  trademarks,
trade secrets and similar intellectual property as valuable to its business, and
relies  on  trademark   and  copyright   law,   trade  secret   protection   and
confidentiality  and/or  license  agreements  with its  employees,  partners and
others to protect its  proprietary  rights.  There can be no assurance  that the
steps  taken  by NT  Media  will be  adequate  to  prevent  misappropriation  or
infringement  of its  proprietary  property.  NT Media  currently has one of its
trademarks registered with the United States Patent and Trademark Office.

The Company is  attempting  to develop  several  programs for  possible  film or
television  presentation.  These projects may not find  financial  backing or be
commercially viable.

At June 30, 2003, the Company had loans of approximately $963,000 owed primarily
to two  stockholders  of the Company.  $45,200 of this amount is  represented by
short term loans  bearing  interest at 6% or 12% per annum.  The  principal  and
interest  represented  by these loans are payable upon demand by the  creditors.
While the  Company  does not  anticipate  that any of the holders of these short
term loans will make a demand for  repayment  in the  foreseeable  future,  if a
demand for  repayment  were to be made,  the Company would likely not be able to
repay any  substantial  amount from its current  cash flow.  If the Company were
unable to obtain  sufficient cash to satisfy any repayment  demand or was unable
to negotiate  alternative  terms with such loan holder,  the Company would be in
default on such loan. Any such default would give rise to legal remedies against
NT Media or its  subsidiary.  $917,800 of the Company's loans are represented by
convertible  notes.  These  notes  bear  interest  at 6% per  annum  and  can be
converted into shares of the Company's  common stock at a conversion price equal
to the average bid price per share  prevailing  at the time of  conversion.  The
notes cannot be converted unless and until: (i) the Company's shares are trading
publicly  and (ii) the  shares  underlying  the notes have been  registered  for
resale under the Securities  Act of 1933.  These notes have a term of five years
at which time the notes will automatically  convert into shares of common stock.
When and if these  creditors were to convert all or  substantially  all of these
notes  into  the  Company's  common  stock,  such  a  conversion  would  have  a
significant dilutive affect.

The  Company  operates in a rapidly  changing  and  growing  industry,  which is
characterized  by  vigorous  competition  from both  established  companies  and
start-up  companies.   The  market  for  the  Company's  services  is  extremely
competitive both as to price and opportunities.





                                       17
<PAGE>
In summary,  the  Company's  revenues and  operating  results in any  particular
quarter may fluctuate as a result of a number of factors,  including competition
in the  markets in which the  Company  operates,  delays in  acquiring  new core
businesses,  the current  economic  conditions as well as the performance of the
entertainment  industries as discussed  above.  The Company's  future  operating
results  will  depend,  to a large  extent,  on its  ability to  anticipate  and
successfully  react to these and other  factors and  successfully  implement its
growth strategy. Failure to anticipate and successfully overcome these and other
factors could adversely affect the Company's  business,  financial condition and
results of operations.

Recent Accounting Pronouncements

In April 2002, the FASB issued SFAS No. 145,  "Rescission of FASB Statements No.
4, 44, and 64,  Amendment of FASB Statement No. 13, and Technical  Corrections".
SFAS No.  145  requires  gains  and  losses  from  extinguishment  of debt to be
reported as part of recurring  operations,  unless the transaction is considered
unusual or  infrequent in which case the  transaction  would be classified as an
extraordinary  item. This standard also eliminates an inconsistency  between the
accounting for sale-leaseback  transactions and certain lease modifications that
have economic effects that are similar to sale-leaseback transactions.  SFAS No.
145 became effective for transactions occurring after May 15, 2002.

In June 2002, the FASB voted in favor of issuing SFAS No. 146,  "Accounting  for
Exit  or  Disposal  Activities".  SFAS  No.  146  addresses  significant  issues
regarding  the  recognition,  measurement,  and  reporting  of  costs  that  are
associated with exit and disposal activities, including restructuring activities
that are  currently  accounted  for pursuant to the  guidance  that the Emerging
Issues  Task  Force  (EITF)  has set forth in EITF  Issue No.  94-3,  "Liability
Recognition for Certain Employee Termination Benefits and Other Costs to Exit an
Activity  (including Certain Costs Incurred in a  Restructuring)".  SFAS No. 146
will be  effective  for exit or disposal  activities  that are  initiated  after
December 31, 2002.

The Company does not anticipate  the adoption of these new accounting  standards
to have a material effect on their financial statements.

FASB has also issued SFAS No. 147 but it will not have any  relationship  to the
operations of the Company therefore a description of its impact on the Company's
operations has not been disclosed.

Critical Accounting Policies

NT Media's  discussion  and analysis of its  financial  condition and results of
operations are based upon its consolidated financial statements, which have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United  States of America.  The  preparation  of  financial  statements  require
managers to make  estimates  and judgments  that affect the reported  amounts of
assets and liabilities, revenues and expenses and disclosures on the date of the
financial statements.  On an on-going basis, the Company's accountants' evaluate
the  estimates,  including,  but  not  limited  to,  those  related  to  revenue
recognition.   The  Company  uses   authoritative   pronouncements,   historical
experience  and other  assumptions  as the basis for  making  judgments.  Actual
results could differ from those estimates.




                                       18
<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES

The Company's  principal  executive and  financial  officers have  evaluated our
disclosure  controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under  the  Securities  Exchange  Act of 1934) as of June 30,  2003.  They  have
determined that such disclosure  controls and procedures are effective to ensure
that  information  required to be disclosed in our filings under the  Securities
Exchange  Act of 1934  with  respect  to the  Company  is  recorded,  processed,
summarized and reported within the time periods  specified in the Securities and
Exchange Commission's rules and forms and is accumulated and communicated to our
management,  including the Company's  principal  executive officer and principal
financial officer, as appropriate,  to allow timely decisions regarding required
disclosures.

The  Company  has made no  significant  changes in its  internal  controls  over
financial reporting during the most recent fiscal quarter covered by this Report
that  materially  affected or are  reasonably  likely to  materially  affect our
internal controls over financial reporting.






































                                       19
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 2.  CHANGES IN SECURITIES

Sales of Unregistered Securities During the Quarter

During the quarter ended June 30, 2003, the Company issued  5,877,750  shares of
common stock to 43 individuals for total proceeds of $92,453.

On March 31, 2003, the Company issued a short-term note to an unrelated party in
the principal amount of $15,000. The note bears interest at 12% per annum.

The  issuance  of the  shares of common  stock were made  exclusively  to non-US
investors  located outside the United States and in compliance with Regulation S
of the Securities Act of 1933 (the "1933 Act").  In the US, these shares will be
deemed to be  "restricted  securities" as defined in Rule 144 under the 1933 Act
and bear a legend stating the restrictions on resale.

All of the above  issuances  of  promissory  notes were made  without any public
solicitation to a limited number of investors or related individuals or entities
and were acquired for  investment  purposes  only.  Each of the  individuals  or
entities had access to information  about the Company and were deemed capable of
protecting  their own interests.  The notes were issued  pursuant to the private
placement  exemption  provided by Section 4(2) of the 1933 Act. These are deemed
to be "restricted  securities" as defined in Rule 144 under the 1933 Act and the
notes evidencing the loans bear a legend stating the restrictions on resale.

ITEM 5.  OTHER INFORMATION

On June 30,  2003,  Chris  Mehringer  resigned  as  President,  Chief  Executive
Officer,  Chief  Financial  Officer and  Chairman of NT Media.  On July 1, 2003,
those positions were assumed by Chris Briggs.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits:

             31.1 - Certification of CEO pursuant to Section 302 of the
                    Sarbanes-Oxley Act of  2002.

             31.2 - Certification of CFO pursuant to Section 302 of the
                    Sarbanes-Oxley Act of  2002.

             32.    Certification by CEO and CFO pursuant to Section 906 of the
                    Sarbanes- Oxley Act of 2002

         (b) Reports on Form 8-K:

         On  June 27, 2003, the Company  reported on Item 4 event  regarding the
change of independent accountants for the Company and its subsidiary and an Item
5 event,  reporting the resignation of the Company's  Chairman and President and
the hiring of a new Chairman and President.





                                       20
<PAGE>


                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Dated:  August 18, 2003                     NT MEDIA CORP. OF
                                            CALIFORNIA, INC.



                                            /s/ Chris Briggs
                                            ----------------------------------
                                            Chris Briggs, President and Chief
                                            Financial Officer
                                            (Principal Accounting Officer)







































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