STOCK TITAN

Mega Matrix Inc. Announced that It Was Awarded the 2024 "Outstanding Pan-Entertainment Product" at the 5th GICC

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

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 (MPU) e la sua piattaforma di streaming FlexTV hanno ricevuto il Golden Sail Award per 'Prodotto di Intrattenimento Pan-Ondoso Eccezionale' durante la 5ª Conferenza Globale dei CEO di Internet. Il Direttore degli Investimenti dell'azienda, Lancy Wu, ha condiviso approfondimenti sulle tendenze del mercato delle serie brevi, prevedendo una espansione del mercato di 36 miliardi di dollari entro tre anni. FlexTV opera in oltre 100 paesi con contenuti in lingue principali. Wu ha evidenziato che il numero di utenti sta triplicando ogni trimestre e ha identificato amore, identità e ricchezza come i principali temi di contenuto. La piattaforma si concentra su una narrazione strategica e un targeting demografico preciso per creare contenuti di successo.

Mega Matrix (MPU) y su plataforma de streaming FlexTV recibieron el Golden Sail Award por 'Producto de Entretenimiento Pan-Excepcional' en la 5ª Conferencia Global de CEO de Internet. El Director de Inversiones de la empresa, Lancy Wu, compartió información sobre tendencias del mercado de dramas de formato corto, proyectando una expansión del mercado de 36 mil millones de dólares en tres años. FlexTV opera en más de 100 países con contenido en los principales idiomas. Wu destacó que el número de usuarios se triplica cada trimestre e identificó el amor, la identidad y la riqueza como los principales temas de contenido. La plataforma se centra en la narración estratégica y en la segmentación demográfica precisa para crear contenido exitoso.

메가 매트릭스 (MPU)와 그 스트리밍 플랫폼 FlexTV가 제5회 글로벌 인터넷 CEO 회의에서 '우수 팬엔터테인먼트 제품'으로 골든 세일 어워드를 받았습니다. 회사의 투자 이사인 Lancy Wu는 단편 드라마 시장 동향에 대한 통찰을 공유하며 3년 내에 360억 달러 시장 확장을 예상했습니다. FlexTV는 100개국 이상에서 주요 언어의 콘텐츠를 제공하고 있습니다. Wu는 사용자 수가 분기마다 3배로 증가하고 있으며, 사랑, 정체성, 부를 주요 콘텐츠 주제로 지적했습니다. 이 플랫폼은 전략적 스토리텔링과 정밀한 인구 통계 타겟팅에 중점을 두어 성공적인 콘텐츠를 창출합니다.

Mega Matrix (MPU) et sa plateforme de streaming FlexTV ont reçu le Golden Sail Award pour 'Produit de Pan-Entertainment Exceptionnel' lors de la 5e Conférence Mondiale des PDG de l'Internet. Le directeur des investissements de l'entreprise, Lancy Wu, a partagé des perspectives sur les tendances du marché des dramas courts, prévoyant une expansion du marché de 36 milliards de dollars en trois ans. FlexTV opère dans plus de 100 pays avec du contenu dans les principales langues. Wu a souligné que le nombre d'utilisateurs triple chaque trimestre et a identifié l'amour, l'identité et la richesse comme les principaux thèmes de contenu. La plateforme met l'accent sur une narration stratégique et un ciblage démographique précis pour créer un contenu réussi.

Mega Matrix (MPU) und die Streaming-Plattform FlexTV erhielten den Golden Sail Award für 'Herausragendes Pan-Entertainment-Produkt' auf der 5. Globalen Internet-CEO-Konferenz. Der Investmentdirektor des Unternehmens, Lancy Wu, teilte Einblicke in Markttrends von Kurzdramen mit und prognostizierte eine Markterweiterung von 36 Milliarden US-Dollar innerhalb von drei Jahren. FlexTV ist in über 100 Ländern aktiv und bietet Inhalte in den wichtigsten Sprachen an. Wu hob hervor, dass sich die Nutzerzahlen vierteljährlich verdreifachen und identifizierte Liebe, Identität und Reichtum als die wichtigsten Inhaltsthemen. Die Plattform konzentriert sich auf strategisches Geschichtenerzählen und präzises demografisches Targeting, um erfolgreiche Inhalte zu erstellen.

Positive
  • Received prestigious Golden Sail Award for product excellence
  • Platform operates in over 100 countries with multi-language content
  • User base tripling quarterly indicates strong growth
  • Market projected to reach $36 billion within three years
  • Strong market positioning as first NYSE-listed short drama stock
Negative
  • None.

Insights

The award recognition, while positive for brand image, is secondary to the more significant market insights revealed. The projected $36 billion short-form drama market expansion within three years represents substantial growth potential. FlexTV's quarterly user growth rate (tripling) and presence in over 100 countries indicates strong market penetration and scalability.

The platform's multi-language content strategy and focus on universal themes (love, identity, wealth) positions it well for global market expansion. However, competition in the vertical screen entertainment space is intensifying and success will depend on content quality and user retention metrics, which weren't disclosed.

For investors, this represents an early-mover advantage in a rapidly growing market segment, though profitability metrics and specific revenue figures would be needed to fully assess the investment potential.

PALO ALTO, Calif., Nov. 7, 2024 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU) today announced that on November 6, at the 5th Global Internet CEO Conference (GICC) hosted by Sailing Global, Mega Matrix (NYSE: MPU) and its streaming platform FlexTV were honored with the Gloden Sail Award for "Outstanding Pan-Entertainment Product" in 2024. MPU also presented its achievements and insights in the short drama market and product development, sharing its methodology for creating hit content.

The Golden Sail Award recognizes companies excelling in the global market, focusing on long-term development, and making significant contributions in product innovation and technological advancement. This award is not only a testament to FlexTV's remarkable success in the pan-entertainment field but also highlights its expertise in short-form content production, distribution, and marketing, as well as MPU's market influence.

During discussions at the GICC, Lancy Wu, Investment Director at MPU, provided valuable insights into "Global Reach of Short Dramas: The Rise of Vertical Screen Content." Based on industry data, she forecasted that the global short-form drama market would expand to $36 billion within three years, with substantial growth potential in international markets. She noted that user numbers are tripling each quarter, signaling strong demand and an undersupplied market. As the first NYSE-listed "short drama stock," MPU's streaming platform FlexTV is dedicated to the content of short drama content, covering over 100 countries and offering content in all major languages. FlexTV aims to seize this trend, positioning itself as a global leader in the era of vertical screen entertainment.

Lancy Wu further analyzed the top three themes for popular content: love, identity, and wealth. She discussed the importance of emotional resonance, narrative shifts, a return to positive themes, and simple value aspirations from a psychological perspective. Wu emphasized that catering to current audience demands, strategically utilizing tried-and-true storytelling methods, precisely managing information density, and capturing the resonance of targeted demographics are crucial to creating hit content.

With the successful conclusion of this year's GICC, the exchange and insights shared among participating companies have contributed valuable momentum to the globalization of the pan-entertainment industry. MPU and its platform FlexTV will continue to leverage their expertise and market influence to deliver high-quality content to a global audience, aiming for greater breakthroughs in the short drama and pan-entertainment sector. They are poised to drive innovation, industry growth, and lead the sector towards a brighter future.

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-it-was-awarded-the-2024-outstanding-pan-entertainment-product-at-the-5th-gicc-302298568.html

SOURCE Mega Matrix Inc.

FAQ

What award did Mega Matrix (MPU) receive at the 5th GICC?

Mega Matrix (MPU) and its FlexTV platform received the Golden Sail Award for 'Outstanding Pan-Entertainment Product' at the 5th Global Internet CEO Conference (GICC) on November 6, 2024.

What is the projected market size for short-form drama according to MPU?

According to MPU's Investment Director, the global short-form drama market is projected to expand to $36 billion within three years.

How many countries does MPU's FlexTV platform operate in?

FlexTV operates in over 100 countries and offers content in all major languages.

What are the top three content themes identified by MPU for popular content?

According to MPU's Investment Director Lancy Wu, the top three themes for popular content are love, identity, and wealth.

Mega Matrix Inc.

NYSE:MPU

MPU Rankings

MPU Latest News

MPU Stock Data

65.97M
40.47M
14.91%
4.8%
3.2%
Entertainment
Finance Services
Link
United States of America
PALO ALTO