<PAGE>

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

[X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934

                 For the quarterly period ended: MARCH 31, 2008

                                       OR

[_]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934

                   For the transition period from ___ to ____

                         Commission File Number 0-31012

                       NT MEDIA CORP. OF CALIFORNIA, INC.
                       ----------------------------------
           (NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                    DELAWARE                               94-3357128
------------------------------------------------  ------------------------------
(State or other jurisdiction of incorporation or       (I.R.S. Employer
                 organization)                        Identification No.)

               7800 OCEANUS DRIVE
            LOS ANGELES, CALIFORNIA                          90046
------------------------------------------------  ------------------------------
    (Address of principal executive offices)               (Zip Code)

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


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the 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 [_]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one): Large accelerated filer |_| Accelerated filer |_| Non-accelerated filer|_|
Smaller reporting company |X|

Check whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). Yes [_] No [X]

Number of shares outstanding as of May 15, 2008:  2,628,088 common shares.

Transitional Small Business Disclosure Format:  Yes  [_]      No [X]

<PAGE>

                                    FORM 10-Q

                                      INDEX

                                                                        PAGE NO.
                                                                        --------
PART I.    FINANCIAL
           INFORMATION
           Item 1.    Condensed Consolidated Financial Statements
                      (unaudited):                                             3
                      Notes to Condensed Consolidated Financial Statements     6

           Item 2.    Management's Discussion and Analysis of Financial
                      Condition and Results of Operations.                    12

           Item 3.    Quantitative and Qualitative Disclosures About
                      Market Risk.                                            15

           Item 4.    Controls and Procedures.                                15

PART II.   OTHER
           INFORMATION
           Item 1.    Legal Proceedings                                       16

           Item 2.    Unregistered Sales of Equity Securities and Use
                      of Proceeds                                             16

           Item 3.    Defaults Upon Senior Securities                         16

           Item 4.    Submission of Matters to a Vote of Security
                      Holders                                                 16

           Item 5.    Other Information                                       16

           Item 6.    Exhibits                                                17

SIGNATURES                                                                    18

                                       2
<PAGE>

              NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARIES

                          (A Development Stage Company)
                           Consolidated Balance Sheet
                                 March 31, 2008

                                     ASSETS

CURRENT ASSETS
      Cash and cash equivalents                                     $       155

                                                                    -----------
TOTAL CURRENT ASSETS                                                $       155
                                                                    ===========



                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
      Accounts payable                                              $   338,813
      Accrued liabilities                                               353,271
      Accrued liabilities to related parties                            738,323
      Notes payable                                                     659,000
      Notes payable, related party                                      222,500
      Convertible notes payable                                         287,200
      Convertible notes payable, related party                          630,600
      Accrued litigation settlement                                     113,178

                                                                    -----------
TOTAL CURRENT LIABILITIES                                             3,342,885
                                                                    -----------


MINORITY INTEREST                                                            --

COMMITMENTS AND CONTINGENCIES                                                --

STOCKHOLDERS' DEFICIT
      Preferred stock, $0.001 par value, 5,000,000 shares
        authorized; 0 shares issued and outstanding                          --
      Common stock; $0.001 par value; 1,000,000,000 shares
        authorized; 2,628,088 shares issued and outstanding               2,628
      Additional paid-in capital                                      2,888,664
      Deficit accumulated during the development stage               (6,234,022)
                                                                    -----------
TOTAL STOCKHOLDERS' DEFICIT                                          (3,342,730)
                                                                    -----------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                         $       155
                                                                    ===========


          See accompanying notes to consolidated financial statements.

                                       3
<PAGE>
<TABLE>

                              NT Media Corp. of California, Inc. and Subsidiaries

                                         (A Development Stage Company)
                                     Consolidated Statements of Operations


                                                                 THREE MONTHS ENDED          CUMULATIVE FROM
                                                           -----------------------------         JUNE 4,
                                                            MARCH 31,          MARCH 31,   1999 (INCEPTION) TO
                                                              2008               2007        MARCH 31, 2008
                                                           -----------       -----------       -----------
<S>                                                        <C>               <C>               <C>
REVENUE                                                    $        --       $        --       $   385,997
                                                           -----------       -----------       -----------

COSTS AND EXPENSES
   General and administrative                                   38,492            77,548         4,976,284
   Depreciation and amortization                                    --                --           132,077
   Impairment of film costs                                         --                --           156,445
   Impairment of related party receivables                          --                --            35,383
   Inventory Write-down                                             --                --            24,820
   Loss on litigation settlement                                    --                --           100,000
                                                           -----------       -----------       -----------
TOTAL COSTS AND EXPENSES                                        38,492            77,548         5,425,009
                                                           -----------       -----------       -----------

LOSS FROM OPERATIONS                                           (38,492)          (77,548)       (5,039,012)

OTHER INCOME (EXPENSE)
   Interest income, related party                                   --                --            23,154
   Interest expense                                            (22,605)          (19,748)         (488,130)
   Interest expense, related party                              (9,459)          (13,767)         (344,773)
   Loan fees                                                        --                --          (616,000)
   Debt forgiven                                                    --                --           290,595
   Legal fees forgiven                                              --                --            12,296
   Provision for common stock subscription receivable               --                --           (91,552)
                                                           -----------       -----------       -----------
TOTAL OTHER INCOME (EXPENSE)                                   (32,064)          (33,515)       (1,214,410)
                                                           -----------       -----------       -----------

NET (LOSS) BEFORE MINORITY INTEREST
AND PROVISION FOR INCOME TAXES                                 (70,556)         (111,063)       (6,253,422)

MINORITY INTEREST                                                   --                --            33,000
                                                           -----------       -----------       -----------

NET (LOSS)  BEFORE PROVISION
   FOR INCOME TAXES                                            (70,556)         (111,063)       (6,220,422)


PROVISION FOR INCOME TAXES                                         800               800            13,600
                                                           -----------       -----------       -----------

NET (LOSS)                                                 $   (71,356)      $  (111,863)      $(6,234,022)
                                                           ===========       ===========       ===========

NET (LOSS) PER SHARE:
   BASIC AND DILUTED                                       $     (0.03)      $     (0.16)
                                                           ===========       ===========

WEIGHTED AVERAGE SHARES OUTSTANDING:
   BASIC AND DILUTED                                         2,628,088           710,830
                                                           ===========       ===========


                         See accompanying notes to consolidated financial statements.

                                                      4
<PAGE>

                                   NT Media Corp. of California, Inc. and Subsidiaries

                                              (A Development Stage Company)
                                          Consolidated Statements of Cash Flows


                                                                  THREE MONTHS ENDED           CUMULATIVE FROM
                                                             -----------------------------         JUNE 4,
                                                               MARCH 31,        MARCH 31,    1999 (INCEPTION) TO
                                                                2008              2007          MARCH 31, 2008
                                                             -----------       -----------       -----------

CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
  Net loss before minority interest                          $   (71,356)      $  (111,863)      $(6,267,022)
  Adjustment to reconcile net loss to net cash
   used in operating activities:
    Depreciation and amortization expense                             --                --           132,077
    Impairment loss                                                   --                --           336,773
    Inventory write-down                                              --                --            24,820
    Impairment of related party receivables                           --                --            35,383
    Operating expenses paid by reducing note receivable               --                --            10,000
    Stock issued for services                                         --            39,690           859,783
    Deferred Compensation                                             --                --            10,417
    Stock issued for loan fees                                        --                --           423,000
    Stock options issued for services                                 --                --            60,370
    Legal fees forgiven                                               --                --           (12,296)
    Debts forgiven                                                    --                --          (290,595)
    Provision for common stock subscription receivable                --                --            89,468
    Beneficial conversion of accrued interest                         --                --           110,036
  Changes in assets and liabilities:
   Interest receivable                                                --                --           (19,986)
   Inventory                                                          --                --           (24,820)
   Other assets                                                       --                --           (24,000)
   Litigation settlement                                              --                --           100,000
   Accounts payable and accrued expenses                         (15,789)             (374)        1,060,505
   Accrued expenses, related party                                10,393            33,944           694,900
                                                             -----------       -----------       -----------
Net cash (used in) operating activities                          (76,752)          (38,603)       (2,691,187)
                                                             -----------       -----------       -----------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:
  Notes receivable from officer                                       --                --           (45,048)
  Collection of notes receivable from officer                         --                --            35,048
  Notes receivable, related parties                                   --                --           (50,000)
  Collection of notes receivable, related parties -                   --                --            50,000
  Investment in property and equipment                                --                --           (18,879)
  Investment in film costs                                            --                --          (133,005)
  Investment in web site development costs                            --                --          (292,968)

                                                             -----------       -----------       -----------
Net cash (used in) investing activities                               --                --          (454,852)
                                                             -----------       -----------       -----------

CASH FLOWS FROM (TO) FINANCING ACTIVITIES:
  Proceeds from issuance of common stock                              --                --         1,254,154
  Proceeds from equity investment of minority int -                   --                --            33,000
  Payment of offering costs                                           --                --           (66,450)
  Proceeds from notes payable                                     63,057            41,000           914,916
  Proceeds from notes payable, related party                     245,500            35,276           533,492
  Payments of notes payable                                     (201,916)          (38,051)         (201,916)
  Payments of notes payable, related party                       (30,000)               --          (238,802)
  Proceeds from issuance of convertible notes                         --                --           917,800
                                                             -----------       -----------       -----------
Net cash provided by financing activities                         76,641            38,225         3,146,194
                                                             -----------       -----------       -----------

NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                                  (111)             (378)              155

CASH AND CASH EQUIVALENTS,
  Beginning of period                                                266               415                --
                                                             -----------       -----------       -----------
CASH AND CASH EQUIVALENTS,
  End of period                                              $       155       $        37       $       155
                                                             ===========       ===========       ===========

SUPPLEMENTAL DISCLOSURES OF
  CASH FLOW INFORMATION:
  Interest paid                                              $    13,084       $        --       $    14,995
                                                             ===========       ===========       ===========
  Income taxes paid                                          $        --       $        --       $     4,000
                                                             ===========       ===========       ===========

  NONCASH FINANCING ACTIVITIES:
  Beneficial conversion on accrued interest                  $        --       $        --       $   110,036
                                                             ===========       ===========       ===========
  Stock issued for services                                  $        --       $    39,690       $   859,783
                                                             ===========       ===========       ===========
  Stock issued for loan fees                                 $        --       $        --       $   423,000
                                                             ===========       ===========       ===========
  Stock options issued for services                          $        --       $        --       $    60,370
                                                             ===========       ===========       ===========


                                     See accompanying notes to consolidated financial statements.
</TABLE>
                                                                5
<PAGE>

                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2008


NOTE 1.     BASIS OF PRESENTATION

The unaudited consolidated financial statements have been prepared by NT Media
Corp. of California, Inc. and its wholly owned subsidiary, eCast Media
Corporation, Inc. (together, the "Company"), in accordance with generally
accepted accounting principles for interim financial information and with the
instructions for Form 10-Q and Regulation S-X as promulgated by the Securities
and Exchange Commission ("SEC"). Accordingly, these consolidated financial
statements do not include all of the disclosures required by generally accepted
accounting principles in the United States of America for complete financial
statements. These unaudited interim consolidated financial statements should be
read in conjunction with the audited consolidated financial statements and the
notes thereto include on Form 10-KSB for the period ended December 31, 2007. In
the opinion of management, the unaudited interim consolidated financial
statements furnished herein include all adjustments, all of which are of a
normal recurring nature, necessary for a fair statement of the results for the
interim period presented. The results of the three months ended March 31, 2008
are not necessarily indicative of the results to be expected for the full year
ending December 31, 2008.

RECLASSIFICATIONS

Certain prior period amounts have been reclassified to conform to the current
period's presentation, none of which had an impact on total assets,
stockholders' equity (deficit), net loss, or net loss per share.

RECAPITALIZATION

On July 18, 2007, the Company filed a Certificate of Amendment to its
Certificate of Incorporation (the "Amendment") with the Secretary of State of
the State of Delaware after stockholders approved by written consent proposals
to (i) increase the number of authorized shares of Common Stock from 100,000,000
to 1,000,000,000, and (ii) effect a reverse stock split of the Common Stock of
the Company in the ratio of one-hundred for one (100:1). As a result of the
reverse stock split, the Company has restated all prior per share amounts in the
accompanying financial statements.


NOTE 2.     GOING CONCERN AND MANAGEMENT'S PLAN

The accompanying consolidated financial statements have been prepared in
conformity with accounting principles generally accepted in the United States of
America, which contemplates continuation of the Company as a going concern. As
of and for the period ended March 31, 2008, the Company incurred a net loss, had
an accumulated deficit, and had a working capital deficit. These conditions
raise substantial doubt as to the Company's ability to continue as a going
concern. These consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty. These consolidated
financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts, or amounts and
classification of liabilities that might be necessary should the Company be
unable to continue as a going concern.

                                       6
<PAGE>

                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2008


In order for the Company to meet its financial obligations, it will continue to
attempt to sell equity or incur debt, although there cannot be any assurance
that the Company will be successful in doing so.

The Company plans to take advantage of the growth in the mobile digital content
and digital music distribution sectors through joint ventures. The Company
intends to enter into agreements with consultants to assist the Company in
locating potential joint venture partners throughout the United States and
abroad with concentration in Europe, the Middle East and China. The Company will
attempt to enter into partnership agreements with other entities in order to
manage some of the financial risk. The Company looks for development and
production cycles which are relatively short in nature. The Company's ability to
develop any project is principally dependent on its ability to raise capital to
fund the project, which is very difficult due to its current financial condition
and lack of history in the market. Accordingly, the Company is limited in its
ability to develop or produce projects that it finds are commercially appealing
and financially viable.

The Company's current business operations are focused on the development,
production and distribution of programming in the entertainment industry,
including creating music platforms and skilled gaming in the United States and
abroad and vertical social and professional networks. The Company intends to
continue to develop media and entertainment assets and channels going forward.

In January of 2008 the Company entered into an employment agreement with Mr. Ali
Moussavi. As part of the agreement Mr. Moussavi's services include acting as the
Chairman of the Board, Chief Executive Officer and President of the Company. On
May 15 2008, Mr. Moussavi and the Company, with the approval of the Company's
Board of Directors (the "Board") and Compensation Committee agreed to
memorialize the conditions by entering into a final employment agreement (the
"Moussavi Agreement"), under which Mr. Moussavi would continue to provide
services as Chief Executive Officer and President of the Company on a full time
basis. The material terms of the Moussavi Agreement are described below.

The Moussavi Agreement has a five-year term. The Moussavi Agreement provides for
a base salary of $150,000 per year, which may be increased at the sole
discretion of the Board on January 1, 2009 and on each anniversary thereafter,
or from time to time at the sole discretion of the Board. Upon reaching certain
milestones, as determined in good faith by the Compensation Committee, Mr.
Moussavi may also receive an annual bonus up to the amount of his base salary.
The Company has also granted Mr. Moussavi an option to purchase 1,000,000 shares
of common stock of the Company at an exercise price of $0.35 per share. The
option is fully vested as of the date hereof. Mr. Moussavi shall also be
entitled to five weeks paid vacation, the use of an automobile that may be
selected by Mr. Moussavi and approved by the Compensation Committee, the
reimbursement of up to $1,500 for Mr. Moussavi's membership dues at two health
clubs and one country club to be selected by Mr. Moussavi, and the reimbursement
of up to $100,000 for the first year of Mr. Moussavi's employment for the cost


                                       7
<PAGE>

                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2008


of entertainment provided by Mr. Moussavi to the Company's customers, vendors,
employees and strategic partners, which may be increased by 5% per annum
starting January 1, 2009, and each year thereafter at Mr. Moussavi's sole
discretion. Additionally, Mr. Moussavi may be entitled to reimbursement from the
Company for reasonable costs and expenses incurred in connection with the
performance of the duties and obligations provided for under the Moussavi
Agreement.

NOTE 3.     RECENTLY ISSUED ACCOUNTING PROUNCEMENTS

In March 2008, the FASB issued Statement of Financial Accounting Standards No.
161, "Disclosures about Derivative Instruments and Hedging Activities ("SFAS No.
161"), an amendment of FASB Statement No. 133, which changes disclosure
requirements for derivative instruments and hedging activities. Entities are
required to provide enhanced disclosures about how and why an entity uses
derivative instruments, how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and how
derivative instruments and related hedged items affect an entity's financial
position, financial performance, and cash flows. SFAS No. 161 is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008. The Company is currently assessing the impact, if any, of
SFAS No. 161 on its financial statements.

In December 2007, the FASB issued SFAS No. 160, "Noncontrolling Interests in
Consolidated Financial Statements", which is an amendment of Accounting Research
Bulletin ("ARB") No. 51. This statement clarifies that a noncontrolling interest
in a subsidiary is an ownership interest in the consolidated entity that should
be reported as equity in the consolidated financial statements. This statement
changes the way the consolidated income statement is presented, thus requiring
consolidated net income to be reported at amounts that include the amounts
attributable to both parent and the noncontrolling interest. This statement is
effective for the fiscal years, and interim periods within those fiscal years,
beginning on or after December 15, 2008. Based on current conditions, the
Company does not expect the adoption of SFAS 160 to have a significant impact on
its results of operations or financial position.

In December 2007, the FASB issued SFAS No. 141 (Revised 2007), "Business
Combinations." SFAS N0. 141 (Revised 2007) changes how a reporting enterprise
accounts for the acquisition of a business. SFAS No. 141 (Revised 2007) requires
an acquiring entity to recognize all the assets acquired and liabilities assumed
in a transaction at the acquisition-date fair value, with limited exceptions,
and applies to a wider range of transactions or events. SFAS No. 141 (Revised
2007) is effective for fiscal years beginning on or after December 15, 2008 and
early adoption and retrospective application is prohibited.

NOTE 4.     NOTES PAYABLE - RELATED PARTY

On January 10, 2008, the Company issued a note in the amount of $200,000 to its
President having no stated interest rate due January 10, 2009. The proceeds were
used to pay down principal and accrued interest under certain notes to


                                       8
<PAGE>

                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2008


non-related parties. The Company repaid $7,000 during the quarter ended March
31, 2008. The Company also repaid a note in the amount of $1,000 to its
President during the quarter ended March 31, 2008.

On January 14, 2008, the Company issued a note to a related party with no stated
interest rate due July 14, 2008 in the amount of $15,000. The note was repaid
during the quarter ended March 31, 2008.

On March 24, 2008, the Company issued a note to a related party with no stated
interest rate due September 24, 2008 in the amount of $15,000. The Company
repaid $7,000 during the quarter ended March 31, 2008.

On March 28, 2008, the Company issued a note to a related party with no stated
interest rate due September 28, 2008 in the amount of $15,000.

At March 31, 2008, notes payable, all currently due, to related parties
consisted of the following:

Note payable to the Company's President, non-interest,
  Due January 2009                                                      $193,000
Non-interest bearing notes payable due through
  September, 2008                                                         23,500
Non-interest bearing notes payable due on demand                           6,000
                                                                        --------
Currently due                                                           $222,500
                                                                        ========

NOTE 5.     NOTES PAYABLE

On February 28, 2008, the Company issued a note payable in the amount of $18,000
bearing interest at 12% per year. The note is due on August 2, 2008.

On March 12, 2008, the Company issued a note payable in the amount of $15,000
bearing interest at 12% per year. The note is due on September 12, 2008.

On March 20, 2008, the Company issued a note payable in the amount of $30,000
bearing interest at 12.5% per year. The note is due on September 10, 2008.

During the first quarter of 2008, the Company repaid notes totaling $201,916, as
well as $13,084 in accrued interest, to various non-related parties.

At March 31, 2008, notes payable to non-related parties consisted of the
following:

                                       9
<PAGE>

                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2008


Notes payable bearing interest at 12%, due through September 2008       $459,000
Notes payable bearing interest at 10% due through July 2008              170,000
Notes payable bearing interest at 12.5% due September 2008                30,000
                                                                        --------
Currently due                                                           $659,000
                                                                        ========

Interest expense for the quarters ended March 31, 2008 and 2007 totaled $18,297
and $18,988, respectively.

NOTE 6.     EARNINGS PER SHARE

The Company computes earnings per common share in accordance with Statement of
Financial Accounting Standards No. 128, "Earnings per Share" (SFAS No. 128). The
Statement requires dual presentation of basic and diluted EPS on the face of the
income statement for all entities with complex capital structures and requires a
reconciliation of the numerator and denominator of the basic EPS computation to
the numerator and denominator of the diluted EPS computation. Basic loss per
share is computed by dividing loss available to common shareholders by the
weighted average number of common shares outstanding. The computation of diluted
loss per share is similar to the basic loss per share computation except the
denominator is increased to include the number of additional shares that would
have been outstanding if the dilutive potential common shares had been issued.
In addition, the numerator is adjusted for any changes in income or loss that
would result from the assumed conversions of those potential shares. However,
such presentation is not required if the effect is anti-dilutive. During the
quarter ended March 31, 2008, options to purchase 1,000,000 shares of the
Company's common stock were issued under an employment agreement with its
President. These options were anti-dilutive for earnings per share purposes for
the quarter ended March 31, 2008. There were no options outstanding at March 31,
2007 and there were no warrants outstanding at March 31, 2008 and 2007.


                                       10
<PAGE>

                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2008


NOTE 7.     SUBSEQUENT EVENTS

On April 10, 2008, the Company issued a note to an unrelated party in the amount
of $15,000 bearing interest at 12.5% per year. This note is due on September 10,
2008.

On April 24, 2008, the Company issued a note in the amount of $6,000 to its
President bearing no interest. This note is due on October 24, 2008.

On April 10, 2008, the Company issued a note to an unrelated party in the amount
of $30,600 bearing interest at 12.5% per year. This note is due on November 7,
2008.







                                       11
<PAGE>

ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

FORWARD-LOOKING STATEMENTS


THIS QUARTERLY REPORT OF FORM 10-Q, INCLUDING THE FOLLOWING MANAGEMENT'S
DISCUSSION AND ANALYSIS, AND OTHER REPORTS FILED BY THE REGISTRANT FROM TIME
TOTIME WITH THE SECURITIES AND EXCHANGE COMMISSION (COLLECTIVELY THE "FILINGS")
CONTAIN FORWARD-LOOKING STATEMENTS WHICH ARE INTENDED TO CONVEY OUR EXPECTATIONS
OR PREDICTIONS REGARDING THE OCCURRENCE OF POSSIBLE FUTURE EVENTS OR THE
EXISTENCE OF TRENDS AND FACTORS THAT MAY IMPACT OUR FUTURE PLANS AND OPERATING
RESULTS. THESE FORWARD-LOOKING STATEMENTS ARE DERIVED, IN PART, FROM VARIOUS
ASSUMPTIONS AND ANALYSES WE HAVE MADE IN THE CONTEXT OF OUR CURRENT BUSINESS
PLAN AND INFORMATION CURRENTLY AVAILABLE TO US AND IN LIGHT OF OUR EXPERIENCE
AND PERCEPTIONS OF HISTORICAL TRENDS, CURRENT CONDITIONS AND EXPECTED FUTURE
DEVELOPMENTS AND OTHER FACTORS WE BELIEVE TO BE APPROPRIATE IN THE
CIRCUMSTANCES. YOU CAN GENERALLY IDENTIFY FORWARD-LOOKING STATEMENTS THROUGH
WORDS AND PHRASES SUCH AS "SEEK", "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT",
"INTEND", "PLAN", "BUDGET", "PROJECT", "MAY BE", "MAY CONTINUE", "MAY LIKELY
RESULT", AND SIMILAR EXPRESSIONS. WHEN READING ANY FORWARD-LOOKING STATEMENT YOU
SHOULD REMAIN MINDFUL THAT ALL FORWARD-LOOKING STATEMENTS ARE INHERENTLY
UNCERTAIN AS THEY ARE BASED ON CURRENT EXPECTATIONS AND ASSUMPTIONS CONCERNING
FUTURE EVENTS OR FUTURE PERFORMANCE OF OUR COMPANY, AND ARE SUBJECT TO RISKS,
UNCERTAINTIES, ASSUMPTIONS AND OTHER FACTORS RELATING TO OUR INDUSTRY AND
RESULTS OF OPERATIONS.

EACH FORWARD-LOOKING STATEMENT SHOULD BE READ IN CONTEXT WITH, AND WITH AN
UNDERSTANDING OF, THE VARIOUS OTHER DISCLOSURES CONCERNING OUR COMPANY AND OUR
BUSINESS MADE IN OUR FILINGS. YOU SHOULD NOT PLACE UNDUE RELIANCE ON ANY
FORWARD-LOOKING STATEMENT AS A PREDICTION OF ACTUAL RESULTS OR DEVELOPMENTS. WE
ARE NOT OBLIGATED TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT CONTAINED IN
THIS REPORT TO REFLECT NEW EVENTS OR CIRCUMSTANCES UNLESS AND TO THE EXTENT
REQUIRED BY APPLICABLE LAW.

OVERVIEW

We primarily are engaged in the business of developing, producing and
distributing programming for the entertainment industry. We are pursuing the
development of independent feature films and production of direct to home
viewing programs. We also continue to explore new opportunities that may emerge.

Obtaining outside financing will continue to be necessary to meet the Company's
anticipated working capital needs for the foreseeable future. We anticipate that
the Company's major stockholders will make capital investments or loans of
convertible debt to pay the Company's operating expenses for the foreseeable
future, but we cannot assure you that they will commit to making the necessary
capital investments or loans. Given the Company's current financial position,
for the immediate future, we expect to operate the Company's current lines of
business under strict budgetary constraints in order to keep operating expenses
as low as possible until new core businesses are acquired. We will attempt to
negotiate extensions of the Company's debt obligations or negotiate for the
conversion of some or all of the Company's debt into equity; however, there can
be no assurance that we will be successful.

                                       12
<PAGE>

RESULTS OF OPERATIONS

The Company plans to take advantage of the growth in the mobile digital content
and digital music distribution sectors through joint ventures. Over the last
several months, the Company has joined the affiliate programs of Apple's iTunes,
Bango PLC, Blockbuster, and Shelter From The Store Records. These deals have
given NT Media a foothold in the fast growing digital media space. Areas that we
see the most growth potential are different music platforms, skilled gaming in
the U.S. and abroad and vertical social and professional networking. The Company
has also commenced the launching of Targeted Social Networks on the internet.
The Company anticipates to have cash requirements of approximately $4.0 million
in the next 12 months, the bulk of which would be put toward the repayment of
notes that would be due and servicing our debt. The remainder will be used for
marketing and professional services and personnel. We expect to raise the said
funds through private placements of debt and equity throughout the year, but
there can be no assurance that we will be successful in such placements.

Over the next twelve-month period, we anticipate needing the following capital
amounts, broken down as follows:

Purpose                                                              Amount
-------                                                              ------

Growth Capital for Acquired Subsidiaries                          $     350,000
Additional Employees                                              $      70,000
Marketing and Public Relations Campaigns                          $     210,000
Participation in Industry and Trade Functions                     $      35,000
Ongoing Operations                                                $     210,000
Capital needed for total amount of convertible
   notes reaching maturity (unless notes are extended)            $     917,800
Capital needed for total amount of notes payable
   reaching maturity (unless notes are extended)                  $     881,500
Capital needed to pay accounts payable and accrued
   expenses owing                                                 $   1,430,407


Our research will primarily consist of finding knowledgeable agents that can
analyze the business of our potential joint venture partners throughout the U.S.
and abroad with a concentration in Europe, the Middle East and China.

OPERATING RESULTS FOR THE QUARTERS ENDED MARCH 31, 2008 AND 2007

Operating expenses decreased by $39,056 for the quarter ended March 31, 2008
compared to the quarter ended March 31, 2007 primarily due expense incurred
under consulting agreements entered into in the prior year's first quarter.

Other expenses, consisting of interest expense, for the quarter ended March 31,
2008 were substantially comparable to the quarter ended March 31, 2007.

                                       13
<PAGE>

Net loss for the quarter ended March 31, 2008 of $71,356 decreased by $40,507
compared to the net loss of $111,863 for the quarter ended March 31, 2007 mainly
as a result of the expense incurred under various consulting agreements
discussed above.

OFF-BALANCE SHEET ARRANGEMENTS

We have not entered into any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures, or capital resources, and that would be
considered material to investors.

LIQUIDITY AND SOURCES OF CAPITAL

We have incurred operating losses since inception. As of March 31, 2008, we had
an accumulated deficit of $6,234,022. At March 31, 2008, we had $155 in cash or
cash equivalents and a net working capital deficit of $3,342,730.

During the last three years, both the Company and its wholly-owned subsidiary,
eCast Media Corporation, Inc. ("eCast"), have been dependent on borrowed or
invested funds in order to finance their ongoing operations. As of March 31,
2008, eCast owed $620,000 in outstanding debt represented by 6% convertible
notes and the Company owed $297,800 in outstanding debts represented by 6%
convertible notes. These notes were issued to two of the Company's major
stockholders. The entire balance of $917,800 is now classified as current
liabilities. During the three months ended March 31, 2008, we borrowed a total
of $245,500 from the Company's President and a related party through
non-interest bearing notes and repaid an aggregate of $30,000 to these same
parties. We also issued notes totaling $63,000 to unrelated parties during the
three months ended March 31, 2008 to fund operating and financing needs. During
the three months ended March 31, 2008, we repaid an aggregate of $245,000 in
principal and interest to various related and unrelated parties. We anticipate
we will continue borrowing funds or obtain additional equity financing to
provide working capital.

The audit report of the Company's independent registered public accounting firm
for the year ended December 31, 2006 includes a "going concern" explanation. In
the auditor's opinion, the Company's limited operating history and the
accumulated net deficit as of December 31, 2006, raised substantial doubt about
the Company's ability to continue as a going concern. We require $2,957,000 in
capital over the next twelve months to pay off accounts payable and accrued
expenses, and the convertible notes and notes payable reaching maturity unless
we are able to obtain additional extensions.

Due to our limited cash flow, operating losses and intangible assets, it is
unlikely that we could obtain financing through commercial or banking sources.
Consequently, we are dependent on continuous cash infusions from our major
stockholders and other outside sources in order to fund our current operations.
If these outside sources are unwilling or unable to provide necessary working
capital to us, we will probably not be able to sustain our operations. We have
no written agreements or contractual obligations in place which would require
our outside sources to continue to finance our operations. The NT Media and
eCast notes are voluntarily convertible when our or eCast's securities (as the
case may be) are trading publicly and the underlying stock of the convertible
notes have been registered with the SEC and declared effective. If they remain


                                       14
<PAGE>

unpaid, the notes will automatically convert to common stock on the fifth
anniversary of their respective issuances. Thus, the current convertible notes
would be mandatorily converted during 2008 in the amount of $917,800 unless they
become eligible for conversion prior to that time, or have been extended by the
parties.

If adequate funds do not become available, management believes that its officers
and directors will contribute capital amounts necessary to fund the Company's
ongoing expenses; however, the Company's officers and directors are under no
obligation to do so. If we are unable to pay the Company's debt as it becomes
due and are unable to obtain financing on terms acceptable to us, or at all, we
will not be able to accomplish any or all of the Company's initiatives and will
be forced to consider steps that would protect the Company's assets against
creditors.

CRITICAL ACCOUNTING POLICIES

There were no critical accounting policies that by the nature of the estimates
or assumptions are material due to the levels of subjectivity and judgment
necessary to account for highly uncertain matters or the susceptibility of such
matters to change.

ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company, the Company is not required to respond to this
Item 3.

ITEM 4.     CONTROLS AND PROCEDURES

As required by SEC rules, we have evaluated the effectiveness of the design and
operation of our disclosure controls and procedures at the end of the period
covered by this report. The evaluation was carried out by our Chief Executive
Officer and Acting Principal Financial Officer (the "Certifying Officer"). Based
upon this evaluation, the Certifying Officer has concluded that the design and
operation of our disclosure controls and procedures are effective. Such
disclosure controls and procedures are designed to ensure that material
information is made known to the Certifying Officer particularly during the
period in which this report was prepared. The Certifying Officers have evaluated
the effectiveness of our disclosure controls and procedures as of the end of the
period covered by this report and believe that our disclosure controls and
procedures are effective based on the required evaluation.

During the period covered by this report, there were no changes in internal
controls over financial reporting that materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.

While management believes that our disclosure controls and procedures and our
internal control over financial reporting are effective, no system of controls
can prevent all error and all fraud. A control system, no matter how well
designed and operated, can provide only reasonable, not absolute, assurance that
the control system's objectives will be met. Further, the design of a control
system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of the
inherent limitations in all control systems, no evaluation of controls can


                                       15
<PAGE>

provide absolute assurance that all control issues and instances of fraud, if
any, within our company have been detected. These inherent limitations include
the realities that judgments in decision-making can be faulty, and that
breakdowns can occur because of simple error or mistake. Controls can also be
circumvented by the individual acts of some persons, by collusion of two or more
people, or by management override of the controls. The design of any system of
controls is based in part upon certain assumptions about the likelihood of
future events, and there can be no assurance that any design will succeed in
achieving its stated goals under all potential future conditions. Over time,
controls may become inadequate because of changes in conditions or deterioration
in the degree of compliance with its policies or procedures. Because of the
inherent limitations in a cost-effective control system, misstatements due to
error or fraud may occur and not be detected.

                                     PART II
OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

We are aware of a threatened litigation matter involving the nonpayment of
certain legal fees. The claim for this matter is approximately $9,000.

There are no other past, pending or, to our knowledge, threatened litigation or
administrative actions which in our opinion have had or are expected to have a
material adverse effect upon our business, prospects financial condition or
operations.

ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES

None.

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5.     OTHER INFORMATION

None.

                                       16
<PAGE>
<TABLE>
<S>     <C>

ITEM 6.     EXHIBITS

Exhibit Number          Description
--------------          -----------
Exhibit 2.1             Stock Exchange Agreement dated April 17, 2001 (1)
Exhibit 3.1             Certificate of Incorporation dated March 14, 2000 (2)
Exhibit 3.2             Bylaws dated March 14, 2000 (2)
Exhibit 3.3             Amendment to Certificate of Incorporation dated April
                          24, 2001 (1)
Exhibit 3.4             Amendment to Certificate of Incorporation dated July 18,
                          2007 (8)
Exhibit 4.1             2006 Consultant Stock Plan (5)
Exhibit 4.2             2007 Equity Incentive Plan (7)
Exhibit 10.1            Executive Employment Agreement with Chris Mehringer (3)
Exhibit 10.2            Operating Agreement between NT Media Corp. of CA and SU
                          Productions, LLC dated April 9, 2004 (4)
Exhibit 10.3            Homie Doroodian Consulting Agreement (6)
Exhibit 10.4            Amir Pirnia Consulting Agreement (6)
Exhibit 31.1            Certification Pursuant to Section 302 of the
                          Sarbanes-Oxley Act of 2002, filed herewith
Exhibit 32.1            Certification Pursuant to 18 U.S.C. Section 1350, As
                        Adopted Pursuant to Section 906 of the Sarbanes-Oxley
                        Act of 2002, filed herewith.

(1) Incorporated by reference to exhibits 2.1 and 3.3 to the Company's Current
Report on Form 8-K filed on May 1, 2001.
(2) Incorporated by reference to exhibits 3.1 and 3.2 to the Company's
Registration Statement on Form SB-2 filed on June 1, 2000.
(3) Incorporated by reference to exhibit 10.1 to the Company's Annual Report on
Form 10-KSB filed on April 9, 2002.
(4) Incorporated by reference to exhibit 10.3 to the Company's Annual Report on
Form 10-KSB filed on May 20, 2005.
(5) Incorporated by reference to exhibit 4.1 to the Company's Registration
Statement on Form S-8 filed on July 6, 2006.
(6) Incorporated by reference to exhibits 10.4 and 10.5 to the Company's
Quarterly Report on Form 10-QSB filed on May 15, 2007.
(7) Incorporated by reference to exhibit 4.1 to the Company's Registration
Statement on Form S-8 filed on June 29, 2007.
(8) Incorporated by reference to exhibit 3.4 to the Company's Current Report on
Form 8-K filed on July 19, 2007.

</TABLE>

                                       17
<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:  May 20, 2008                 NT MEDIA CORP. OF CALIFORNIA, INC.



                                       /s/ Ali Moussavi
                                       -----------------------------------------
                                       Ali Moussavi,
                                       President, Chief Executive Officer
                                       (Principal Executive Officer), and Acting
                                       Chief Financial Officer (Acting Principal
                                       Financial Officer)





                                       18