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Mega Matrix Inc. Announced that FlexTV Formed a Strategic Partnership with TelkomMetra, the Subsidiary of Indonesia's Telecom Giant

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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) ha annunciato che la sua piattaforma di streaming di cortometraggi, FlexTV, ha firmato un accordo di cooperazione della durata di due anni con TelkomMetra, una filiale della più grande compagnia telefonica dell'Indonesia. La partnership, che inizierà a dicembre 2024, farà di FlexTV il partner esclusivo di micro-drama di TelkomMetra entro sei mesi. La collaborazione include l'espansione del mercato, l'esposizione del marchio, la condivisione dei ricavi e la distribuzione dei contenuti attraverso la piattaforma di Telkomsel, che serve oltre 170 milioni di utenti. TelkomMetra investirà nella promozione dei contenuti di FlexTV ed esplorerà la possibilità di istituire una joint venture dopo il primo anno.

Mega Matrix (MPU) anunció que su plataforma de streaming de dramas cortos, FlexTV, ha firmado un acuerdo de cooperación por dos años con TelkomMetra, una subsidiaria de la compañía de telecomunicaciones más grande de Indonesia. La asociación, que comenzará en diciembre de 2024, convertirá a FlexTV en el socio exclusivo de micro-dramas de TelkomMetra en un plazo de seis meses. La colaboración incluye expansión de mercado, exposición de marca, reparto de ingresos y distribución de contenido a través de la plataforma de Telkomsel, que atiende a más de 170 millones de usuarios. TelkomMetra invertirá en la promoción del contenido de FlexTV y explorará la posibilidad de establecer una empresa conjunta después del primer año.

메가 매트릭스 (MPU)는 짧은 드라마 스트리밍 플랫폼 플렉스TV가 인도네시아 최대 통신사 자회사인 텔콤메트라와 2년 협력 계약을 체결했다고 발표했습니다. 2024년 12월에 시작되는 이 파트너십은 FlexTV를 6개월 이내에 TelkomMetra의 독점 마이크로 드라마 파트너로 만듭니다. 이번 협업은 시장 확장, 브랜드 노출, 수익 분배 및 1억 7천만 명 이상의 사용자에게 서비스를 제공하는 Telkomsel 플랫폼을 통한 콘텐츠 배급을 포함합니다. TelkomMetra는 FlexTV의 콘텐츠 홍보에 투자하고, 첫해가 지나고 나면 공동 투자 설립 가능성을 탐색할 것입니다.

Mega Matrix (MPU) a annoncé que sa plateforme de streaming de courts drames, FlexTV, a signé un accord de coopération de deux ans avec TelkomMetra, une filiale de la plus grande entreprise de télécommunications d'Indonésie. Le partenariat, qui commencera en décembre 2024, fera de FlexTV le partenaire exclusif de micro-dramas de TelkomMetra dans un délai de six mois. La collaboration comprend l'expansion du marché, la visibilité de la marque, le partage des revenus et la distribution de contenu via la plateforme de Telkomsel, qui dessert plus de 170 millions d'utilisateurs. TelkomMetra investira dans la promotion du contenu de FlexTV et explorera la possibilité de créer une coentreprise après la première année.

Mega Matrix (MPU) hat angekündigt, dass seine Streaming-Plattform für Kurzdramatisierungen, FlexTV, einen zweijährigen Kooperationsvertrag mit TelkomMetra, einer Tochtergesellschaft des größten Telekommunikationsunternehmens Indonesiens, unterzeichnet hat. Die Partnerschaft, die im Dezember 2024 beginnt, wird FlexTV innerhalb von sechs Monaten zum exklusiven Mikro-Dramapartner von TelkomMetra machen. Die Zusammenarbeit umfasst Markterweiterung, Markenpräsenz, Umsatzbeteiligung und Inhaltsverteilung über die Plattform von Telkomsel, die über 170 Millionen Nutzer bedient. TelkomMetra wird in die Förderung der Inhalte von FlexTV investieren und nach dem ersten Jahr Möglichkeiten zur Gründung eines Joint Ventures erkunden.

Positive
  • Exclusive partnership with Indonesia's largest telecom company, accessing 170+ million users
  • Becoming TelkomMetra's sole micro-drama partner within 6 months
  • Investment commitment from TelkomMetra for market promotion and content localization
  • Potential joint venture opportunity after first year
Negative
  • Partnership benefits dependent on future execution and market reception
  • Financial terms and revenue sharing details not disclosed

Insights

This partnership marks a significant strategic move into Indonesia's massive digital entertainment market. With Telkomsel's 170 million users, FlexTV gains immediate access to a vast potential audience. The deal's structure is particularly compelling - becoming TelkomMetra's exclusive micro-drama partner creates a strong competitive moat in a high-growth market.

The partnership's phased approach, starting with content distribution and potentially evolving into a joint venture, demonstrates a well-thought-out market entry strategy. Indonesia's digital content consumption is growing rapidly, with streaming services seeing double-digit growth. The localization support and multi-platform distribution commitment from TelkomMetra significantly de-risks the market entry while accelerating potential revenue generation.

The technical integration with Telkomsel's platform represents a major distribution advantage. By leveraging Telkom Indonesia's established digital infrastructure and billing systems, FlexTV can overcome common barriers to entry in emerging markets such as payment processing and content delivery optimization. The joint investment commitment in in-app promotion suggests a strong focus on user acquisition and engagement metrics.

The potential joint venture structure after year one indicates TelkomMetra's confidence in the micro-drama format and could provide MPU with deeper operational integration and market insights. This partnership model could serve as a template for expansion into other emerging markets.

PALO ALTO, Calif., Nov. 7, 2024 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU) today announced that its globally leading short drama streaming platform, FlexTV, recently signed a two-year cooperation agreement with PT Multimedia Nusantara ("TelkomMetra"). This agreement was brokered by AR Asia Productions, whose expertise was instrumental in bringing the two companies together.

This collaboration, commencing in early December this year, aims to leverage Telkom Metra and Telkomsel's platforms to facilitate MPU's steady establishment and long-term development in the Indonesian market through market expansion, brand exposure, financial support, revenue sharing, content distribution, and localization support.

TelkomMetra is a wholly-owned subsidiary of Telkom Indonesia, one of the largest telecommunications companies in Indonesia, with a robust network and resources in the local market. It focuses on digital entertainment and communication services in Indonesia and its surrounding regions. Telkomsel, another subsidiary of Telkom Indonesia is the largest mobile telecommunications operator in Indonesia, providing mobile communication services—including voice, data, and digital content—to over 170 million users.

Within six months of signing the agreement, FlexTV will become TelkomMetra's sole micro-drama partner. In the first year after FlexTV is integrated into TelkomMetra's Telkomsel platform, both parties will invest in the Indonesian market, with a focus on in-app promotion to ensure high exposure and user attraction for the platform's content. TelkomMetra will also be responsible for distributing FlexTV's content across multiple platforms in Indonesia and has expressed willingness to provide investment support for the localization of FlexTV's content to enhance its impact. Notably, TelkomMetra plans to explore the possibility of establishing a joint venture with FlexTV one year into the partnership, viewing micro-dramas as a long-term strategic investment.

The establishment of this strategic partnership aims not only to introduce FlexTV's high-quality micro-drama content to the Indonesian market and create a leading entertainment experience in overseas markets but also to promote MPU's future collaboration and development globally.

About Mega Matrix: Mega Matrix Inc. (NYSEAMEX: 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 Cayman Island 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):

x.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-inc-announced-that-flextv-formed-a-strategic-partnership-with-telkommetra-the-subsidiary-of-indonesias-telecom-giant-302298576.html

SOURCE Mega Matrix Inc.

FAQ

What is the duration of MPU's FlexTV partnership with TelkomMetra?

The partnership agreement between FlexTV and TelkomMetra is for two years, commencing in early December 2024.

When will FlexTV become TelkomMetra's exclusive micro-drama partner?

FlexTV will become TelkomMetra's sole micro-drama partner within six months of signing the agreement.

How many users does Telkomsel have access to for MPU's content distribution?

Telkomsel has access to over 170 million users for mobile communication services and digital content distribution.

What are the key components of MPU's partnership with TelkomMetra?

The partnership includes market expansion, brand exposure, financial support, revenue sharing, content distribution, and localization support in the Indonesian market.

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