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Exhibit 21.01

NEW FRONTIER MEDIA, INC. SUBSIDIARIES(1)

1)

Colorado Satellite Broadcasting, Inc., a Colorado corporation, d/b/a The Erotic Networks

2)

MRG Entertainment, Inc., a California corporation, d/b/a Mainline Releasing and Lifestyles Entertainment

3)

Lightning Entertainment Group, Inc., a Colorado corporation, d/b/a Lightning Media, Lightning Home Entertainment and Lightning Entertainment

4)

SG Productions, Inc., a California corporation

5)

New Frontier Technologies Corporation, a Colorado corporation

6)

Ten Sales, Inc., a Colorado corporation

7)

NF Technologies BV, a Netherlands corporation

8)

Food Technologies International, LLC, a Colorado corporation

9)

Media Source Technology, Inc., a Colorado corporation

10)

NF Technologies SARL, a Luxembourg corporation

11)

Card Interactive NV, a Curacao corporation

12)

Card Transactions, Inc., a California corporation

13)

Card Transactions NV, a Curacao corporation

14)

Interactive Telecom Network, Inc., a California corporation

15)

5430 Films, Inc., a Colorado corporation

16)

Interactive Gallery UK Ltd, a U.K. corporation

17)

Dream Web Entertainment, Inc., a California corporation

(1)

All subsidiaries were 100% owned as of March 31, 2012 except for Food Technologies International, LLC, which was 51% owned.

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Exhibit 21.01