Item 8.01. Other Events

Pursuant to the share buy-back approved by the Board of Directors on June 10, 2019, CMG Holdings Group announces the purchase of 3.3 million shares in the open market at an average price of .0063. To date, the company has purchased over 6. 4 million shares. In addition the CEO of CMG has recently purchased 2.1 million shares in the open market.

On Friday January 3, CMG filed an arbitration proceeding against our former auditors for gross malpractice. If CMG prevails with these claims, as we expect we will, the company has the potential to collect another significant judgement.

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