UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 57, 2012

Digital Domain Media Group, Inc.

(Exact name of registrant as specified in its charter)

Florida	001-35325	27-0449505
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

10250 SW Village Parkway, Port St. Lucie, Florida		34987
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (772) 345-8000

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 85.0102. Departure ~~Other~~of ~~Events~~Directors or Certain Officers; Election Of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 5 7, 2012, John C. Textor, former Chief Executive Officer, Chairman of the Board and Director of Digital Domain Media Group, Inc. (the “Company”), ~~issued~~furnished ~~a press release disclosing~~ the Company’s ~~receipt~~with ofwritten acorrespondence ~~limited~~concerning ~~forbearance~~his ~~from~~resignation ~~each~~as ofa ~~its~~Director ~~senior~~of ~~lenders.~~the Company. A copy of ~~the~~Mr. ~~press~~Textor’s ~~release~~correspondence is filed as Exhibit 99 17.1 to this Current Report on Form 8-K.

Item 98.01. Other ~~Financial Statements and Exhibits~~Events.

~~(d) Exhibit~~As previously disclosed, on August 29, 2012, Mr. Textor filed a Schedule 13D with the Securities and Exchange Commission in which he indicated that he is considering making a proposal for a strategic alternative transaction with the Company in which he or entities affiliated with him might participate.

~~The~~Item ~~following~~9.01. Financial ~~Exhibit is~~Statements ~~filed~~and ~~as a part of this Current Report on Form 8-K:~~Exhibits.

Exhibit No.		Description
99.1		Press Release, dated September 5, 2012, issued by the Company

(d) Exhibit

	The following Exhibit is filed as a part of this Current Report on Form 8-K:

	Exhibit No.		Description

	17.1		Letter from John C. Textor

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Digital Domain Media Group, Inc.
Dated: September 5, 2012	By:	/s/ John C. Textor
Dated: September 7, 2012	By:	/s/ Edwin C. Lunsford, III
		John C. Textor
		Edwin C. Lunsford, III
		Chief Executive Officer and
		Senior Vice President and
		Chairman of the Board of Directors
		General Counsel

3EXHIBIT INDEX

EXHIBIT INDEX

Exhibit No.		Description

17.1		Letter from John C. Textor

Exhibit No.		Description
99.1		Press Release, dated September 5, 2012, issued by the Company

Filing Compare · Digital Domain Media Group, Inc.