UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

  X   Quarterly Report  Under Section 13 or 15(d) of the Securities Exchange Act
----- of 1934 (No Fee Required)

      For the quarterly period ended March 31, 2001

      Transition Report Under Section 13 or 15(d) of the Securities Exchange Act
      of 1934 (No Fee Required)

      For the transition period from                       to               .
                                    ----------------------   ---------------

         Commission file number     000-31012
                                  ------------------------------------------



                       NT Media Corp. of California, Inc.
                       ----------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


            Delaware                                          95-4802493
       -----------------                              ----------------------
(State or Other Jurisdiction of                      (IRS Employer ID Number)
Incorporation or Organization)

             5410 Wilshire Boulevard., Los Angeles, California 90036
       ------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                  323-954-3995
                                  ------------
                 (Issuer's Telephone Number Including Area Code)

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

Yes        X               No
   -------------             ----------

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

Number of shares of common stock outstanding as of May 30, 2001:
                                                                  ------------

                                       i
<PAGE>


                       NT MEDIA CORP. OF CALIFORNIA, INC.
                          (Formerly known as MVD, Inc.)
                          (A DEVELOPMENT STAGE COMPANY)






                                      INDEX

                                                                        Page
                                                                    ------------

PART 1: FINANCIAL INFORMATION

ITEM 1 - Financial Statements

      Independent Accountants' Report                                    2

      Condensed Balance Sheet (Unaudited) as of March 31, 2001           3

      Condensed Statements of Operations
            For the Three Months Ended March 31, 2001 (Unaudited),
            For the Period From March 14, 2000 (Inception)
                  to March 31, 2000 (Audited), and
            For the Period From March 14, 2000 (Inception)
                  to March 31, 2001 (Unaudited)                          4

      Condensed Statements of Cash Flow
            For the Three Months Ended March 31, 2001 (Unaudited),
            For the Period From March 14, 2000 (Inception)
                  to March 31, 2000 (Audited), and
            For the Period From March 14, 2000 (Inception)
                  to March 31, 2001 (Unaudited)                          5

      Selected Information - Substantially All Disclosures
            Required by Generally Accepted Accounting Principles
            are Not Included                                             6 - 7

ITEM 2 - Plan of Operations                                              8 - 9


Signatures                                                               10









                                        1


<PAGE>






                         INDEPENDENT ACCOUNTANTS' REPORT





May 17, 2001


To The Board of Directors and Stockholders of
NT Media Corp. of California, Inc.
Encino, California

We  have  reviewed  the  accompanying   condensed  balance  sheet  of  NT  Media
Corporation of  California,  Inc. (A Delaware  Development  Stage Company) as of
March 31, 2001, the related condensed statements of operations and the condensed
statements of cash flows, for the three months ended March 31, 2001, and for the
period  from March 14,  2000  (Inception)  to March 31,  2001.  These  financial
statements are the responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and of making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with  generally  accepted  auditing  standards,  the  objective  of which is the
expression of an opinion  regarding the financial  statements  taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the March 31, 2001 condensed  financial  statements for them to be in
conformity with generally accepted accounting principles.

The financial statements for period from March 14, 2000 (Inception) to March 31,
2000,  and from March 14, 2000  (Inception) to December 31, 2000 were audited by
other  auditors,   whose  reports  dated  May  22,  2000  and  March  24,  2001,
respectively,  stated that the  financial  statements  referred to above present
fairly, in all material  respects,  the financial  position of NT Media Corp. of
Californina,  Inc.  (formerly  known  as MVD,  Inc.) as of  March  31,  2000 and
December 31, 2000,  and the results of its operations and its cash flows for the
periods from March 14, 2000  (Inception)  through March 31, 2000,  and March 14,
2000 (Inception) through December 31, 2000 in conformity with generally accepted
accounting principles.




CALDWELL, BECKER, DERVIN, PETRICK & CO., L.L.P.
Woodland Hills, California


                                        2
<PAGE>


                       NT MEDIA CORP. OF CALIFORNIA, INC.
                          (Formerly known as MVD, Inc.)
                          (A DEVELOPMENT STAGE COMPANY)
                          PART 1: FINANCIAL INFORMATION
                          ITEM 1: FINANCIAL STATEMENTS
                             CONDENSED BALANCE SHEET
                                 MARCH 31, 2001
                                   (UNAUDITED)


                                                   ASSETS


CURRENT ASSETS
     Cash                                                                   796
                                                             -------------------

             Total Assets                                    $              796
                                                             ===================


                                   LIABILITIES AND STOCKHOLDERS' (DEFICIT)


CURRENT LIABILITIES
     Accounts payable - trade                                $            2,713
     Advance from stockholder                                            10,000
                                                             -------------------


             Total Current Liabilities

STOCKHOLDERS' DEFICIT
     Preferred stock,  par value $.001 per share;
       5,000,000 shares authorized, no shares
       issued and outstanding                                                --
     Common  stock,  par value  $.001 per share;
       50,000,000 shares   authorized,
       2,500,000  shares  issued  and outstanding                         2,500
     Additional paid-in capital                                          22,637
     Retained (deficit)                                                 (37,054)
                                                             -------------------

             Total Stockholders' Deficit                                (11,917)
                                                             -------------------

             Total Liabilities and Stockholders' Deficit      $             796
                                                             ===================


                    See Accompanying Selected Information to
                    Unaudited Condensed Financial Statements


                                        3

<PAGE>


                       NT MEDIA CORP. OF CALIFORNIA, INC.
                          (Formerly known as MVD, Inc.)
                          (A DEVELOPMENT STAGE COMPANY)
                          PART 1: FINANCIAL INFORMATION
                          ITEM 1: FINANCIAL STATEMENTS
                       CONDENSED STATEMENTS OF OPERATIONS



                                     For the            For the period from
                                   Three Months      March 14, 2000 (Inception)
                                     Ended                 to March 31,
                                    March 31,      -----------------------------
                                       2001             2000            2001
                                   (Unaudited)       (Audited)      (Unaudited)
                                 ---------------   -------------   -------------

REVENUE                          $           --    $         --    $         --
                                 ---------------   -------------   -------------

OPERATING EXPENSES
   Professional fees                      5,303           5,667          32,537
   Other                                    960             771           4,517
                                 ---------------   -------------   -------------

     (Loss) Before Other Expenses        (6,263)         (6,438)        (37,054)


(PROVISION) FOR INCOME TAXES                 --              --              --
                                 ---------------   -------------   -------------

     Net (Loss)                  $       (6,263)   $     (6,438)   $    (37,054)
                                 ===============   =============   =============

     (Loss) per common share     $        (.003)   $      (.003)   $      (.015)
                                 ===============   =============   =============

Weighted average common
 shares outstanding                   2,500,000       2,500,000       2,500,000
                                 ===============   =============   =============







                    See Accompanying Selected Information to
                    Unaudited Condensed Financial Statements


                                        4
<PAGE>
                       NT MEDIA CORP. OF CALIFORNIA, INC.
                          (Formerly known as MVD, Inc.)
                          (A DEVELOPMENT STAGE COMPANY)
           PART 1: FINANCIAL INFORMATION, ITEM 1: FINANCIAL STATEMENTS
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

                                     For the            For the period from
                                   Three Months      March 14, 2000 (Inception)
                                     Ended                 to March 31,
                                    March 31,      -----------------------------
                                       2001             2000            2001
                                   (Unaudited)       (Audited)      (Unaudited)
CASH FLOWS PROVIDED (USED) BY    ---------------   -------------   -------------
 OPERATING ACTIVITIES:
   Net (Loss)                    $       (6,263)   $     (6,438)   $    (37,054)
                                 ===============   =============   =============
   Adjustments to reconcile net
   (loss) to net cash provided
   by operating activities:
     Rent provided by the Stockholder
        as additional paid-in-captial       924              --           3,542
     Issuance of common stock for
        services                             --           1,500           1,500
     Expenses paid by stockholder as
        additional paid-in-captial           --              --          19,095
     Increase in accounts payable
        and accrued expenses              2,713           4,938           2,713
     Decrease (increase) in
        prepaid expenses                  2,590         (10,000)             --
                                 ---------------   -------------   -------------
          Net Cash Flows (Used)
          by Operating Activities           (36)        (10,000)        (10,204)
                                 ---------------   -------------   -------------
CASH FLOWS PROVIDED (USED) BY
 INVESTING ACTIVITIES:                       --              --              --
                                 ---------------   -------------   -------------
CASH FLOWS PROVIDED (USED) BY
 FINANCING ACTIVITIES:
    Advance from officer                     --          10,000          10,000
    Increase in stock
       subscription receivable               --             (50)             --
    Proceeds from common stock
       issued                                --           1,000           1,000
                                 ---------------   -------------   -------------
          Net Cash Flows Provided
          by Financing Activities            --          10,950          11,000
                                 ---------------   -------------   -------------
INCREASE (DECREASE) IN CASH                 (36)            950             796

CASH AT THE BEGINNING OF THE YEAR           832              --              --
                                 ---------------   -------------   -------------
CASH AT THE END OF THE YEAR      $          796    $        950    $        796
                                 ===============   =============   =============
ADDITIONAL DISCLOSURES:
      Income taxes paid          $           --    $         --    $         --
                                 ===============   =============   =============
      Interest paid              $           --    $         --    $         --
                                 ===============   =============   =============
                    See Accompanying Selected Information to
                    Unaudited Condensed Financial Statements
                                        5
<PAGE>
                       NT MEDIA CORP. OF CALIFORNIA, INC.
                          (Formerly known as MVD, Inc.)
                          (A DEVELOPMENT STAGE COMPANY)
                              SELECTED INFORMATION
                    Substantially All Disclosures Required by
            Generally Accepted Accounting Principles are Not Included
                                 MARCH 31, 2001


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with the  instructions  to Form 10QSB and do not include all the information and
notes  required  by  generally  accepted  accounting   principles  for  complete
financial statements.  In the opinion of management,  the accompanying unaudited
financial  statements  contain  all  adjustments  (all of which are  normal  and
recurring in nature)  necessary to present  fairly the financial  position of NT
Media  Corporation of California,  Inc. (the Company) at March 31, 2001, and the
results of operations and cash flows for the quarter ended March 31, 2001.

The  notes  to the  Condensed  Financial  Statements  that are  incorporated  by
reference  into the 2000 Form 10-KSB  should be read in  conjunction  with these
Condensed Financial Statements.

The results of  operations  for the three month  period ended March 31, 2001 are
not  necessarily  indicative of the results to be expected for the entire fiscal
year or any other period.

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 year balances  have been  reclassified  to conform to the current
year's presentation.

NOTE 4 - SUBSEQUENT EVENTS

Effective  April 23,  2001,  the Company  declared a two and four tenths for one
(2.4:1) stock split of the Company's common stock, par value $.001 per share.

Effective April 17, 2001, in connection with the stock exchange  agreement,  the
Company  issued  24,000,000  post-split  shares of its common stock at $.001 par
value per share,  in exchange for all of the  outstanding  common stock of eCast
Media Corporation, Inc. (eCast), in which eCast became a wholly owned subsidiary
of the Company based on a conversion ratio of  approximately  7.34 shares of the
Company's  common stock for each share of eCast's  stock.  This  reverse  merger
qualified  for  a  tax-free  reorganization  and  will  be  accounted  for  as a
recapitalization  of  eCast  and the  acquisition  of NT  Media  Corporation  of
California,  Inc.  at its book value.  The  following  unaudited  pro forma data
summarizes  the combined  balances and results of  operations of the Company and
eCast as if the merger had occurred at the beginning of 2001.

                                        6
<PAGE>


NOTE 4 - SUBSEQUENT EVENTS (CONTINUED)

                                                                March 31, 2001
                                                             -------------------
Balance sheet:
     Current assets                                          $           28,888
     Property and equipment, net                                         14,688
     Other assets                                                       263,976
                                                             -------------------

              Total Assets                                   $         (379,778)
                                                             -------------------

Current liabilities                                                      69,265
Long-term liabilities                                                   618,065
                                                             -------------------

              Total Liabilities
                                                             -------------------

              Net Assets (Liabilities)                       $         (379,778)
                                                             ===================

                                            For the Three       From Inception
                                            Months Ended               to
                                            March 31, 2001      March 31, 2001
                                      --------------------   -------------------
Results of operations:
      Revenue                         $               111    $            2,111
      Operating income (loss)                    (195,490)           (1,092,955)
      Net (loss)                                 (203,079)           (1,109,916)
                                      --------------------   -------------------

      Earnings per share
          (basic & diluted)           $             (.007)   $            (.051)
                                      ====================   ===================


On April 24,  2001,  the  Company  changed  its name from MVD,  Inc. to NT Media
Corporation  of  California,   Inc.  In  addition,  the  Company  increased  its
authorized common shares to 100,000,000 shares.

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 no revenue
since its inception, March 14, 2000. The Company has relied on its investors and
shareholders 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.

                                        7
<PAGE>
                       NT MEDIA CORP. OF CALIFORNIA, INC.
                          (Formerly known as MVD, Inc.)
                          (A DEVELOPMENT STAGE COMPANY)
                           ITEM 2 - PLAN OF OEPRATIONS
PLAN OF OPERATIONS

The following  information specifies certain  forward-looking  statements of the
management  of the  company.  Forward-looking  statements  are  statements  that
estimate  the  occurrence  of  future  events  not  based  on  historical  fact.
Forward-looking  statements  may be  identified  by the  use of  forward-looking
terminology,  such as "may", "shall",  "will",  "could",  "expect",  "estimate",
"anticipate",   "predict",  "probable",  "possible",  "should",  "continue",  or
similar terms,  variations of those terms or the negative of those terms.  These
forward-looking  statements  specified  in the  following  paragraphs  have been
compiled by NT Media Corp. of California, Inc., on the basis of assumptions made
by management and  considered by management to be  reasonable.  NT Media Corp.'s
operating  results,  however,  are impossible to predict and no  representation,
guaranty, or warranty is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in
the following  information  represent estimates of future events and are subject
to uncertainty as to possible changes in economic,  legislative,  industry,  and
other circumstances.  As a result, the identification and interpretation of data
and other information and their use in developing and selecting assumptions from
and among  reasonable  alternatives  require the  exercise of  judgment.  To the
extent that the assumed events do not occur, the outcome may vary  substantially
from anticipated or projected results, and, accordingly, no opinion is expressed
on the achievability of those  forward-looking  statements.  No assurance can be
given that any of the  assumptions  relating to the  forward-looking  statements
specified in the following information are accurate,  and NT Media Corp. assumes
no obligation to update any such forward-looking statements.

NT Media Corp. is active in the production, aggregation, and distribution of on-
and offline content, the management on- and offline talent and literary clients,
and the provision of strategic  consulting  services.  The Company  generates or
will  generate  revenue  via  the  following  (by  division):  Neurotrash.com  -
advertising,  e-commerce,  sponsorships,  B2B  content  sales  and  syndication,
subscription and premium services; NT Management - client management (derived as
a  percentage  of  client  compensation  on a  project  by  project  basis);  NT
Entertainment   -   producing,    licensing/acquisition   (theatrical,   network
television, cable television, home video, syndication, and foreign territories),
percentage of box office and ancillary  gross or adjusted gross revenue;  and NT
Consulting - consulting fees and commissions. NT Media Corp. is still considered
to be a development stage company, with no significant revenue. During 2000, the
Company  entered into various  E-Commerce  agreements,  including the agreements
with  GearDirect.com  and  Earthsports.com,  to sell  consumer  products  on the
Company's Web Site for a commission of 15% to 20%. Since inception,  the Company
was able to  generate  approximately  $2,000  of  revenue.  NT Media  Corp.  has
financed its operations to date mainly through the issuance of convertible  debt
and equity securities.

NT Media Corp. has recruited  experienced  staff and  established  pipelines for
entertainment  projects  and  properties,   talent  and  literary  clients,  and
consulting engagements.  NT Entertainment will continue to grow its project flow
through its existing relationships within and beyond the entertainment and media
establishment,  by forging new relationships and leveraging resources across all
NT Media Corp. divisions.

                                        8
<PAGE>

The Company will implement  marketing and public relations  campaigns seeking to
increase its revenue,  knowledge,  scope, and  competitiveness of NT Media Corp.
and each of its business units.  During the next 12 months, the Company plans to
spend $100,000 for marketing and public relations campaigns.

During  the next  twelve  months,  NT Media  Corp.  plans  to  satisfy  its cash
requirements  through the  issuance of  additional  convertible  debt and equity
securities. NT Media Corp. will need a minimum of $1,000,000 to satisfy its cash
requirements  for the next 12 months.  The Company plans to raise  $1,000,000 to
provide the Company with enough  funds for the next 12 months of  operation  and
future plans of expansion. There can be no assurance that NT Media Corp. will be
successful in raising the capital it requires.

NT Media Corp. anticipates development of entertainment  properties for which it
expects to incur  development  costs,  including 1) optioning  and/or  acquiring
rights to screenplays,  books, foreign television programs,  foreign films, life
stores, magazine and newspaper articles, and film and television pitches, and 2)
hiring  writers to write,  re-write,  and  polish  entertainment  properties  in
development.  The  Company  estimates  that  the cost for  these  plans  will be
approximately $200,000.

NT  Media  Corp.  does  not  anticipate  the  purchase  or sale of  plant or any
significant equipment.

The Company  presently  employs  seven staff  members,  including  officers  and
directors,  and anticipates  increasing the number of employees by approximately
50% in the next twelve months.  Salary expenses for the next 12 months may reach
as high as $500,000.

With the exception of the lease on its primary business address,  NT Media Corp.
has no material  commitments.  The  Company's  operating  leases for the current
premises  will expire on various  dates  through May 20, 2003 and provide for no
renewal  options.  In the normal  course of business,  it is expected that these
leases  will be renewed or replaced  by leases on other  properties.  The leases
provide for increases in future minimum annual rental  payments based on defined
increases in the Consumer  Price Index,  subject to certain  minimum  increases.
Also,  the leases  generally  require the Company to pay  executory  costs (real
estate taxes,  insurance,  and repairs). The future minimum lease commitment for
the year ended December 31, 2001, 2002, and 2003 will be $82,853,  $63,179,  and
36,575, respectively.

To the extent the Company is able to obtain  sufficient  capital for its use and
purposes  set  forth  herein,   NT  Media  Corp.  will  be  able  to  accelerate
implementation of its business plan.

Liquidity and Capital Resources.

At March 31, 2000, the Company had cash and cash equivalents of $796. Because we
are  not  generating  substantial  revenues  from  adverting,   commissions,  or
licensing of our products,  our only  external  sources of liquidity is from the
issuance of convertible debt and sale of our capital stock.



                                        9
<PAGE>


From inception,  the Company incurred significant  operating losses and utilized
significant  amounts of cash to fund  operations.  The  Company is in a critical
stage in its growth as it  continues  to  transition  from a  development  stage
company to a fully  operational  company with complete  marketing and production
capabilities.

NT Media Corp.'s primary  business address is 5410 Wilshire Blvd, 7th Floor, Los
Angeles,  California.  The telephone number of its principal executive office is
323-954-3995.














                                   SIGNATURES

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

                                  NT Media Corp. of California, Inc.

                              By: /s/ Christian Mehringer
                                 ---------------------------
                                      Christian Mehringer
                                      Chief Executive Officer

Dated May 30, 2001









                                       10