Mega Matrix Announced the Publishing of the Article from MIT Technology Review highlighting FlexTV
07 Marzo 2024 - 2:00PM
Reaching a remarkable $2 million USD in top-up fees within a week,
the short drama 'Mr. Williams! Madame Is Dying' has captivated
audiences. The production company behind this compelling piece,
FlexTV, is now garnering public attention. Recently, an article
from the MIT Technology Review was published, spotlighting the rise
of short dramas, particularly highlighting FlexTV, which is
operated by Yuder Pte, Ltd., an indirect majority-controlled
subsidiary of Mega Matrix Corp., a company listed in NYSE American
with the ticker symbol MPU.
The article admirably introduced and thoroughly
analyzed the emerging market of short dramas, providing valuable
insights into this innovative industry's potential. You can find
the article here:
https://www.technologyreview.com/2024/02/27/1088980/chinese-short-drama-tiktok-flextv/
Short dramas are new in the United States, and
they offer a new form of streaming video entertainment tailored for
mobile phone users. Short dramas aim to capture the essence of
narratives within concise time frames, typically formatted
vertically for optimal viewing on mobile phones, ranging from 1 to
3 minutes per episode. Each episode seamlessly integrates into a
series, where complete story-lines unfold across 40 to over 100
episodes. FlexTV's business model combines top-up fees and
subscription fees. Initially, they offer the first 10 episodes for
free viewing. If viewers become engaged, they can choose to pay for
access to the subsequent episodes or opt for monthly subscription
fees.
Yucheng Hu, the CEO of Mega Matrix Corp., shared
his thoughts, stating, "The article in MIT Technology Review
provides invaluable insights into the burgeoning market of short
dramas, shedding light on its rapid growth and promising future.
The only aspect I'd like to add is that while the article used the
term 'short soap opera,' short dramas actually transcend
traditional soap opera formats, embracing a multitude of genres
commonly found in feature-length films. Short Drama may indeed a
future trend.”
About Mega Matrix: Mega Matrix
Corp. (NYSE AMEX: MPU) is a holding company and operates FlexTV, a
short-video streaming platform and producer of short dramas,
through Yuder Pte, Ltd., an indirect majority-controlled subsidiary
of Mega Matrix. Mega Matrix is a Delaware corporation headquartered
in Palo Alto, CA. For more information, please contact
info@megamatrix.io or visit: http://www.megamatrix.io.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
All statements in this press release other than statements that are
purely historical are forward looking statements. When used in this
press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," "should," "future," "propose," and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees for future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company's control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, are: the ability to
manage growth; ability to identify and integrate future
acquisitions; ability to grow and expand our FlexTV business;
ability to obtain additional financing in the future to fund
capital expenditures; fluctuations in general economic and business
conditions; costs or other factors adversely affecting the
Company's profitability; litigation involving patents, intellectual
property, and other matters; potential changes in the legislative
and regulatory environment; a pandemic or epidemic; the occurrence
of any event, change or other circumstances that could affect the
Company’s ability to continue successful development of its digital
assets staking business model; the possibility that the Company may
not succeed in developing its new lines of businesses due to, among
other things, changes in the business environment, competition,
changes in regulation, or other economic and policy factors; and
the possibility that the Company’s new lines of business may be
adversely affected by other economic, business, and/or competitive
factors. The forward-looking statements in this press release and
the Company's future results of operations are subject to
additional risks and uncertainties set forth under the heading
"Risk Factors" in documents filed by the Company with the
Securities and Exchange Commission, including the Company's latest
annual report on Form 10-K, and are based on information available
to the Company on the date hereof. In addition, such risks and
uncertainties include the Company's inability to predict or control
bankruptcy proceedings and the uncertainties surrounding the
ability to generate cash proceeds through the sale or other
monetization of the Company's assets. The Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only as of the date of this press release.
Contact: Info@megamatrix.io
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