Global Mofy Metaverse Limited (the "Company" or “Global Mofy
Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged
in virtual content production, digital marketing, and digital
assets development for the metaverse industry, today announced the
Company has been accredited for the so-called “Leap Project” of
iQIYI INC (“iQIYI”), a leading provider of online entertainment
video services in China.
Global Mofy Metaverse has been officially
selected to join a strategic collaboration with iQIYI through a
two-year partnership agreement (the “Agreement”), which establishes
the Company as an accredited visual effects supplier within IQIYI's
ecosystem, specifically focusing on delivering virtual technology
services. The Company expects to sign a formal collaboration
agreement with iQIYI early next month. The terms of the Agreement
have been settled.
Pursuant to the Agreement under negotiation,
Global Mofy Metaverse will play a pivotal role in iQIYI's future
film and television projects. The collaboration with iQIYI, which
is renowned for its high-quality content offerings, presents a
significant opportunity for Global Mofy Metaverse to showcase its
expertise and expand its market presence. The partnership grants
the Company access to iQIYI's extensive production pipeline,
reinforcing its position as a leader in the visual effects
industry.
Global Mofy Metaverse has been responsible for
delivering exceptional visual effects services for iQIYI’s several
highly recognized TV dramas, including for example "New Life Begins
(2022)" and "My Heroic Husband (2021)," both among iQIYI’s top 10
most popular streamed dramas. Having collaborated on these
high-profile productions, Global Mofy Metaverse, in future
collaborations with iQIYI will not only elevate the visual
aesthetics of the shows but also enhance the Company’s reputation
as a provider of top-tier visual effects solutions.
IQIYI's recent announcement of a robust content
lineup featuring 282 new productions underscores the immense
potential for collaboration. This extensive range of projects
spanning various genres, such as drama series, variety shows,
movies, and entertainment content, presents a wealth of
opportunities for Global Mofy Metaverse to contribute its virtual
technology services and establish a long-lasting partnership with
IQIYI.
The collaboration symbolizes mutual growth and
synergy, reflecting the share commitment to excellence and
innovation in the entertainment industry. By leveraging
complementary strengths, both companies are poised to achieve
remarkable success and deliver unparalleled entertainment
experiences to global audiences.
Haogang Yang, CEO of the Company commented: “As
the collaboration unfolds, iQIYI and Global Mofy Metaverse will
continue to explore avenues for cooperation, fostering a dynamic
ecosystem that propels the visual effects industry forward. With
our combined expertise and dedication to delivering exceptional
content, the partnership is set to shape the landscape of the
entertainment industry and captivate viewers with immersive visual
experiences.”
“This partnership transcends the boundaries of
existing projects, extending into the realm of uncharted creative
territory. United by a shared vision of pushing the boundaries of
cinematic artistry, we believe Global Mofy Metaverse and iQIYI will
venture into unexplored frontiers, co-creating an array of
breathtaking film and television masterpieces. This dynamic
collaboration not only fuels commercial potential and market
competitiveness but also propels the Chinese film and television
industry into a new era of unparalleled visual splendor.”
About iQIYI, Inc.
iQIYI, Inc. is a leading provider of online
entertainment video services in China. It combines creative talent
with technology to foster an environment for continuous innovation
and the production of blockbuster content. It produces, aggregates,
and distributes a wide variety of professionally produced content,
as well as a broad spectrum of other video content in a variety of
formats. The Company distinguishes itself in the online
entertainment industry through its leading technology platform
powered by advanced AI, big data analytics and other core
proprietary technologies. iQIYI attracts a daily subscriber base of
more than 100 million, and its diversified monetization model
includes membership services, online advertising services, content
distribution, online games, IP licensing, talent agency, online
literature, etc. For more information, please visit:
https://ir.iqiyi.com/.
About Global Mofy Metaverse Limited
Headquartered at Beijing, Global Mofy Metaverse
Limited is a technology solutions provider engaged in virtual
content production, digital marketing, and digital assets
development for the metaverse industry. Utilizing its proprietary
“Mofy Lab” technology platform which consists of cutting-edge
three-dimensional (“3D”) rebuilt technology and artificial
intelligence (“AI”) interactive technology, the Company creates 3D
high definition virtual version of a wide range of physical world
objects such as characters, objects and scenes which can be used in
different applications such as movies, TV series, AR/VR, animation,
adverting and gaming. Global Mofy Metaverse is one of the leading
digital asset banks in China, which consists of more than 7,000
high precision 3D digital assets. With its strong technology
platform and industry track record, Global Mofy Metaverse is able
to attract high-profile customers and earn repeat business. The
Company primarily operates in three lines of business (i) virtual
technology service, (ii) digital marketing, and (iii) digital asset
development and others. For more information, please visit:
www.globalmofy.cn/, ir.globalmofy.cn.
Forward-Looking Statement
This press release contains forward-looking
statements. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may, "will, "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. These forward-looking statements
include, without limitation, the Company's statements regarding the
expected trading of its Ordinary Shares on the Nasdaq Capital
Market and the closing of the Offering. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
uncertainties related to market conditions and the completion of
the initial public offering on the anticipated terms or at all, and
other factors discussed in the “Risk Factors” section of the
registration statement filed with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please
contact:Company
Global Mofy Metverse Ltd.Investor Relations DepartmentEmail:
ir@mof-vfx.com
Investor Relations
WFS Investor Relations Inc.Janice Wang, Managing PartnerEmail:
services@wealthfsllc.comPhone: +86 13811768599+1 628 283 9214
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