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Mega Matrix announced that FlexTV App achieved the new milestone, surging into Top 8 on the Apple Store Entertainment Chart (Free Apps, Japan) as of July 26, 2024

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Mega Matrix Corp. (NYSE American: MPU) announced that its short drama streaming platform, FlexTV, has achieved a significant milestone by ranking 8th in the App Store Entertainment Apps (Free Apps, Japan) as of July 26, 2024. This success follows FlexTV's recent 2nd place ranking in Thailand on July 16, demonstrating its growing prominence in the Asian market.

FlexTV, operated by MPU through Yuder Pte. , distributes short drama content to over 100 countries worldwide in seven languages. The platform offers a diverse range of high-quality original short dramas across various genres. This achievement highlights FlexTV's leading position in the global short drama streaming industry and underscores its commitment to content innovation and technological optimization.

Mega Matrix Corp. (NYSE American: MPU) ha annunciato che la sua piattaforma di streaming di cortometraggi, FlexTV, ha raggiunto un traguardo significativo classificandosi 8° nella categoria App di intrattenimento (App gratuite, Giappone) al 26 luglio 2024. Questo successo segue il recente 2° posto di FlexTV in Thailandia il 16 luglio, dimostrando la sua crescente rilevanza nel mercato asiatico.

FlexTV, gestita da MPU attraverso Yuder Pte., distribuisce contenuti di cortometraggi in oltre 100 paesi in tutto il mondo in sette lingue. La piattaforma offre una vasta gamma di cortometraggi originali di alta qualità in vari generi. Questo risultato evidenzia la posizione di leadership di FlexTV nell'industria globale dello streaming di cortometraggi e sottolinea il suo impegno per l'innovazione nei contenuti e l'ottimizzazione tecnologica.

Mega Matrix Corp. (NYSE American: MPU) anunció que su plataforma de streaming de dramas cortos, FlexTV, ha alcanzado un hito significativo al clasificarse 8.º en la categoría de Apps de Entretenimiento (Apps gratuitas, Japón) a partir del 26 de julio de 2024. Este éxito sigue al reciente 2.º lugar de FlexTV en Tailandia el 16 de julio, lo que demuestra su creciente prominencia en el mercado asiático.

FlexTV, operada por MPU a través de Yuder Pte., distribuye contenido de dramas cortos a más de 100 países en todo el mundo en siete idiomas. La plataforma ofrece una diversa gama de dramas cortos originales de alta calidad en varios géneros. Este logro destaca la posición de liderazgo de FlexTV en la industria global de streaming de dramas cortos y subraya su compromiso con la innovación de contenidos y la optimización tecnológica.

Mega Matrix Corp. (NYSE American: MPU)는 그들의 단편 드라마 스트리밍 플랫폼 FlexTV가 2024년 7월 26일 현재 일본 앱 스토어 무료 엔터테인먼트 앱에서 8위에 올라서는 중요한 이정표를 달성했다고 발표했습니다. 이 성공은 7월 16일 태국에서 FlexTV의 2위 기록이 이어지며, 아시아 시장에서의 성장하고 있는 중요성을 보여줍니다.

MPU가 Yuder Pte.를 통해 운영하는 FlexTV는 전 세계 100개국 이상에 단편 드라마 콘텐츠를 7개 언어로 배급합니다. 이 플랫폼은 다양한 장르에서 높은 품질의 오리지널 단편 드라마를 폭넓게 제공합니다. 이 성과는 전 세계 단편 드라마 스트리밍 산업에서 FlexTV의 선도적인 위치를 강조하며, 콘텐츠 혁신과 기술 최적화에 대한 약속을 강조합니다.

Mega Matrix Corp. (NYSE American: MPU) a annoncé que sa plateforme de streaming de courts drames, FlexTV, a atteint une étape significative en se classant 8ème dans la catégorie Apps de divertissement (Apps gratuites, Japon) au 26 juillet 2024. Ce succès suit le récent 2ème rang de FlexTV en Thaïlande le 16 juillet, démontrant sa grande importance sur le marché asiatique.

FlexTV, géré par MPU via Yuder Pte., distribue du contenu de courts drames à plus de 100 pays dans le monde entier en sept langues. La plateforme propose une large gamme de courts drames originaux de haute qualité dans divers genres. Cet accomplissement souligne la position de leader de FlexTV dans l'industrie mondiale du streaming de courts drames et met en évidence son engagement envers l'innovation de contenu et l'optimisation technologique.

Mega Matrix Corp. (NYSE American: MPU) hat angekündigt, dass ihre Streaming-Plattform für Kurzdramen, FlexTV, einen bedeutenden Meilenstein erreicht hat, indem sie am 26. Juli 2024 den 8. Platz in der Kategorie Unterhaltung Apps (Kostenlose Apps, Japan) belegt hat. Dieser Erfolg folgt auf den kürzlichen 2. Platz von FlexTV in Thailand am 16. Juli und zeigt die wachsende Bedeutung im asiatischen Markt.

FlexTV, betrieben von MPU über Yuder Pte., vertreibt Kurzdramainhalte in über 100 Ländern weltweit in sieben Sprachen. Die Plattform bietet eine vielfältige Auswahl an hochwertigen, originalen Kurzdramen in verschiedenen Genres. Dieser Erfolg hebt die führende Position von FlexTV in der globalen Kurzdramastreaming-Branche hervor und unterstreicht das Engagement für Content-Innovation und technologische Optimierung.

Positive
  • FlexTV ranked 8th in Japan's App Store Entertainment Free Apps category
  • FlexTV previously ranked 2nd in Thailand on July 16, 2024
  • FlexTV distributes content to over 100 countries worldwide
  • The platform offers content in seven different languages
Negative
  • None.

FlexTV's surge to the 8th position in Japan's App Store Entertainment Free Apps ranking is a notable achievement, but its impact on Mega Matrix Corp.'s (MPU) stock should be viewed with caution. While this milestone demonstrates FlexTV's growing popularity in the Asian market, it's important to consider several factors:

  • Market Penetration: Japan is a highly competitive and saturated streaming market. Breaking into the top 10 suggests FlexTV is gaining traction, but sustaining this position will be crucial.
  • Revenue Impact: The app's free status raises questions about its monetization strategy. Investors should look for information on user retention rates, premium conversions and ad revenue to gauge the financial impact.
  • Content Strategy: FlexTV's multi-language approach and diverse content library are promising, but the cost of content production and licensing agreements need to be balanced against potential returns.
  • Competitive Landscape: The short-form video market is intensely competitive, with giants like TikTok dominating. FlexTV's ability to carve out a niche in short dramas is commendable, but long-term differentiation will be key.

While this news is positive for FlexTV's brand visibility, its direct impact on MPU's financials remains uncertain. Investors should monitor future reports for concrete metrics on user growth, engagement and revenue generation to better assess the long-term value proposition of FlexTV to MPU's overall business strategy.

FlexTV's ascent to the 8th spot in Japan's App Store Entertainment chart is technologically significant, highlighting several key aspects of their platform:

  • Scalability: Managing content delivery across 100+ countries in 7 languages demonstrates robust backend infrastructure and content delivery networks (CDNs).
  • Localization: Successful penetration in diverse markets like Thailand and Japan suggests effective language localization and culturally adapted user interfaces.
  • Streaming Quality: The emphasis on 'high-definition and smooth streaming' indicates advanced video compression and adaptive bitrate streaming technologies.
  • Cross-platform Compatibility: While this achievement is on iOS, FlexTV's wide reach suggests strong cross-platform development, likely utilizing frameworks like React Native or Flutter.

However, several technical challenges remain:

  • Content Recommendation Algorithms: With a diverse content library, FlexTV needs sophisticated AI-driven recommendation systems to keep users engaged.
  • Data Analytics: Robust analytics infrastructure is important for understanding user behavior across different markets and optimizing content strategies.
  • Cybersecurity: As FlexTV grows, ensuring data privacy and protection against potential breaches becomes increasingly important.

While the app's ranking is promising, sustained technological innovation will be key to maintaining this momentum and competing with established players in the streaming industry.

PALO ALTO, Calif., July 26, 2024 /PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that FlexTV, its short drama streaming platform, surged into No.8. in the App Store Entertainment Apps (Free Apps, Japan) as of July 26, 2024.

FlexTV continues to excel in the Asian market! Following its 2nd place ranking in Thailand on July 16, today FlexTV proudly ranked 8th place on Japan's App Store Entertainment Free Apps ranking, reaffirming its excellence in the global short drama streaming industry.

The outstanding performance in the Japanese market not only underscores FlexTV's leading position in Asia, but also highlights its relentless efforts in content innovation and technological optimization. FlexTV team expresses delight in this achievement and pledges to continuously enhance user experience, expand content libraries, and deliver more captivating original short dramas to global audiences.

MPU operates the world's leading short drama streaming platform FlexTV through Yuder Pte. ltd, currently distributing short drama content to over 100 countries worldwide, covering seven language versions including English, Japanese, Korean, Portuguese, French, Spanish, and Arabic. The platform offers a rich variety of high-quality original short dramas, including modern, bossy presidents, revenge plots, thrillers, time travel, comedy, and other popular themes, allowing users to freely choose according to their personal preferences and enjoy high-definition and smooth streaming services anytime, and anywhere. For more exciting content, please visit https://www.flextv.cc/.

#Short Drama# #Industry News# #FlexTV# #MPU#

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 execute the strategic cooperation with TopReels, 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 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.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

X (f/k/a Twitter):  twitter.com/MegaMatrixMPU
Facebook:     facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn:      linkedin.com/company/megamatrixmpu
TikTok:  tiktok.com/@flextv_english
YouTube:      youtube.com/@FlexTV_English

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mega-matrix-announced-that-flextv-app-achieved-the-new-milestone-surging-into-top-8-on-the-apple-store-entertainment-chart-free-apps-japan-as-of-july-26-2024-302207758.html

SOURCE Mega Matrix Corp.

FAQ

What ranking did FlexTV achieve in Japan's App Store Entertainment Free Apps category?

FlexTV achieved the 8th rank in Japan's App Store Entertainment Free Apps category as of July 26, 2024.

How many countries does FlexTV distribute content to?

FlexTV distributes short drama content to over 100 countries worldwide.

In how many languages is FlexTV content available?

FlexTV content is available in seven languages: English, Japanese, Korean, Portuguese, French, Spanish, and Arabic.

What was FlexTV's ranking in Thailand before its success in Japan?

FlexTV ranked 2nd in Thailand on July 16, 2024, before achieving its 8th place ranking in Japan.

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