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Mega Matrix Corp. (NYSE AMEX: MPU) is a diversified holding company headquartered in Palo Alto, California. The company operates primarily through its two subsidiaries, Mega Metaverse Corp. and JetFleet Management Corp. (JMC). Mega Matrix Corp. focuses on two main business segments: ETH staking and the leasing of regional aircraft to foreign and domestic regional airlines, with the majority of its revenue generated from the leasing business.
The company has recently shifted its strategic focus towards the burgeoning market of short drama content through its streaming platform, FlexTV. FlexTV specializes in producing and distributing short drama series, optimized for vertical viewing on mobile devices, often spanning 1 to 3 minutes per episode and forming story arcs across 40 to over 100 episodes. This move is a response to changing viewer habits, characterized by shorter attention spans and an increasing preference for multitasking.
FlexTV's commitment to short dramas is evident in its Mars Content Initiative, which aims to expand its content library and set new standards in the vertical entertainment era. In China alone, the short drama market was valued at an estimated $5 billion in 2023. FlexTV's innovative approach has enabled it to attract a global audience, distributing content in over 100 countries and offering shows in multiple languages including English, Japanese, Korean, Portuguese, Spanish, and Arabic.
Mega Matrix Corp. has formed strategic partnerships to bolster its short drama content. A notable collaboration is with Neorigin Co. and its subsidiary TopReels, a leading short drama platform in South Korea. This partnership involves a $10 million content fund to promote joint investments, production, and distribution of original short drama projects.
Financially, Mega Matrix Corp. has shown significant progress. In Q1 2024, the company reported substantial user engagement on FlexTV and announced plans to produce 5 to 10 short dramas per month from June 2024. This production increase is supported by an expanded script team, which has grown tenfold to meet the demand for compelling storylines.
Mega Matrix Corp. leverages various metrics such as quarterly active users (QAU), quarterly paying users (QPU), and average revenue per user (ARPU) to assess the growth and health of its business. These metrics help the company evaluate its ability to attract, retain, engage, and monetize users, driving overall revenue.
For more information, please contact: info@megamatrix.io or visit: http://www.megamatrix.io
Mega Matrix (NYSE American: MPU) announced the premiere of the English version of 'When My Son Choose His Wife' on its FlexTV platform on November 19. The short drama follows Hazel, a business magnate who faces family turmoil when her future daughter-in-law Layla manipulates her son Evan, leading to strained relationships and eventual regret. FlexTV, MPU's short drama streaming platform, distributes content in multiple languages across over 100 countries, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic.
Mega Matrix (NYSE American: MPU) announced the launch of romantic comedy drama 'Tears After 'I Do'' on its global short-form drama streaming platform FlexTV on November 26th. The series follows Jace and Audrey's story, who enter a nominal marriage before Jace leaves the country. Five years later, their paths cross again at HyperMode Designs, where Audrey works as a designer and Jace becomes a financier.
FlexTV distributes short drama content to over 100 countries in multiple languages including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic.
MPU participated in the 45th American Film Market's FlexTV International Forum in Las Vegas, discussing the theme 'Short Dramas: Where Entertainment Meets the Internet.' The event, covered by HTTV NEWS L.A., featured MPU's Chief Strategy Officer Songtao Jia delivering a keynote on short drama's impact as an emerging entertainment format. FlexTV, MPU's streaming platform, was highlighted for its influence in the North American market. The forum explored market trends, IP exchange, industry entry strategies, and emerging technologies, with AFM facilitating over $1 billion in annual distribution and financing deals.
Mega Matrix (NYSE American: MPU) has launched a new romantic short drama titled 'Spoiled by My CEO Husband' on its FlexTV platform on November 13. The series follows the story of Bella, a waitress who becomes involved with William, a CEO, leading to various challenges including pregnancy and class differences.
FlexTV, operated by MPU, is a leading short drama streaming platform available in over 100 countries with content in multiple languages including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic.
Mega Matrix (MPU) reported strong Q3 2024 financial results with total unaudited revenue of $10.3 million, showing 49.3% quarter-over-quarter growth. The revenue included $9.3 million from membership and streaming services (up 47.6% QoQ) and $1.0 million from advertising (up 66.7% QoQ). Gross profit reached $6.1 million with a 60% margin. User metrics showed 3.2 million quarterly active users, with ARPU of $3.0 and ARPPU of $25.9. The company released 56 new short drama series, including 16 self-produced content. Management aims for single-quarter profitability in Q4.
Mega Matrix (MPU) announced that its short drama streaming platform, FlexTV, has signed a two-year cooperation agreement with TelkomMetra, a subsidiary of Indonesia's largest telecom company. The partnership, starting December 2024, will make FlexTV TelkomMetra's exclusive micro-drama partner within six months. The collaboration includes market expansion, brand exposure, revenue sharing, and content distribution through Telkomsel's platform, which serves over 170 million users. TelkomMetra will invest in promoting FlexTV's content and explore establishing a joint venture after the first year.
Mega Matrix (MPU) and its streaming platform FlexTV received the Golden Sail Award for 'Outstanding Pan-Entertainment Product' at the 5th Global Internet CEO Conference. The company's Investment Director, Lancy Wu, shared insights on short-form drama market trends, projecting a $36 billion market expansion within three years. FlexTV operates in over 100 countries with content in major languages. Wu highlighted that user numbers are tripling quarterly and identified love, identity, and wealth as top content themes. The platform focuses on strategic storytelling and precise demographic targeting to create successful content.
Mega Matrix (NYSE American: MPU) announced the release of 'From Fast Food to First Lady', a power intrigue drama-romance miniseries, on FlexTV on November 3, 2024. The series follows Claire, a fast-food worker who enters a contractual marriage with William, whom she believes is a bodyguard but is actually a leader. Their relationship evolves from arrangement to genuine romance while facing various challenges.
FlexTV, operated by MPU, is described as the world's leading short drama streaming platform, distributing content in multiple languages including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic across over 100 countries worldwide.
Mega Matrix (NYSE American: MPU) announced the release of the English version of 'Next Top Diva' on FlexTV on October 31st. The short drama follows Lila, who was switched at birth by Lena out of jealousy towards pop star Kylie. The story unfolds as Lila enters a talent show to help pay for her grandmother's medical expenses, facing challenges from both her biological mother Kylie and adopted sister Sophia. Along her journey, she finds support from musician Theo.
FlexTV, operated by MPU, is described as the world's leading short drama streaming platform, distributing content in multiple languages across over 100 countries, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic.
Mega Matrix (NYSE American: MPU) announced the upcoming launch of its werewolf romance short drama 'Fated to Miss: The Luna in His Dreams' on FlexTV in November. The series follows Amelia and Daniel, childhood friends separated after being captured by hunters, who later reunite as destined 'mates' but struggle with their past memories and trust issues.
The production features gothic architecture and antique furniture, utilizing dark color palettes and strategic lighting to enhance the storyline's atmosphere. FlexTV, MPU's short drama streaming platform, distributes content in multiple languages across over 100 countries, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic.
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