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Mega Matrix Inc. Signs MOU with 9Yards Cinema Production to Establish A $100m Investment Fund for Global Short Drama and Pan-Entertainment Sector

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Mega Matrix Inc. (NYSE American: MPU) has signed a memorandum of understanding (MOU) with 9Yards Cinema Production to establish a $100 million investment fund focused on global short drama and pan-entertainment sector development. The joint venture will create a wholly owned company to serve as the general partner managing the fund. 9Yards, a subsidiary of NG9 Holding, is a 150-member agency based in Abu Dhabi, UAE, specializing in advertising, PR, digital, events, and multimedia production. The partnership aims to support acquisitions, capture global investment opportunities, and promote pan-entertainment sector development worldwide.

Mega Matrix Inc. (NYSE American: MPU) ha firmato un memorandum d'intesa (MOU) con 9Yards Cinema Production per stabilire un fondo di investimento da 100 milioni di dollari incentrato sullo sviluppo di cortometraggi e del settore dell'intrattenimento globale. La joint venture creerà una società interamente controllata che fungerà da partner generale nella gestione del fondo. 9Yards, una sussidiaria di NG9 Holding, è un'agenzia di 150 membri con sede ad Abu Dhabi, UAE, specializzata in pubblicità, PR, digitale, eventi e produzione multimediale. L'obiettivo della partnership è sostenere acquisizioni, cogliere opportunità di investimento a livello globale e promuovere lo sviluppo del settore dell'intrattenimento in tutto il mondo.

Mega Matrix Inc. (NYSE American: MPU) ha firmado un memorándum de entendimiento (MOU) con 9Yards Cinema Production para establecer un fondo de inversión de 100 millones de dólares enfocado en el desarrollo de cortometrajes globales y el sector del entretenimiento global. La empresa conjunta creará una compañía de propiedad total que actuará como el socio general que gestionará el fondo. 9Yards, una subsidiaria de NG9 Holding, es una agencia de 150 miembros ubicada en Abu Dhabi, Emiratos Árabes Unidos, especializada en publicidad, relaciones públicas, digital, eventos y producción multimedia. La asociación tiene como objetivo apoyar adquisiciones, aprovechar oportunidades de inversión globales y promover el desarrollo del sector del entretenimiento en todo el mundo.

메가 매트릭스 Inc. (NYSE American: MPU)9Yards Cinema Production과 글로벌 단편 드라마 및 종합 엔터테인먼트 분야 개발에 초점을 맞춘 1억 달러 투자 기금을 설립하기 위한 양해각서(MOU)를 체결했습니다. 이 합작 투자는 기금을 관리하는 일반 파트너로 기능할 전액 출자 회사로 이어질 것입니다. 9Yards는 NG9 홀딩의 자회사로, 아부다비(UAE)에 본사를 둔 150명 규모의 에이전시로 광고, PR, 디지털, 이벤트 및 멀티미디어 제작을 전문으로 하고 있습니다. 이 파트너십의 목표는 인수 지원, 글로벌 투자 기회 포착 및 전 세계적으로 종합 엔터테인먼트 분야 개발을 촉진하는 것입니다.

Mega Matrix Inc. (NYSE American: MPU) a signé un mémorandum d'entente (MOU) avec 9Yards Cinema Production pour établir un fonds d'investissement de 100 millions de dollars axé sur le développement de courts-métrages mondiaux et du secteur du divertissement global. La coentreprise créera une société entièrement détenue qui agira en tant que partenaire général pour gérer le fonds. 9Yards, une filiale de NG9 Holding, est une agence de 150 membres basée à Abu Dhabi, Émirats Arabes Unis, spécialisée dans la publicité, les relations publiques, le numérique, les événements et la production multimédia. L'objectif de ce partenariat est de soutenir les acquisitions, de saisir les opportunités d'investissement mondiales et de promouvoir le développement du secteur du divertissement à l'échelle mondiale.

Mega Matrix Inc. (NYSE American: MPU) hat ein Memorandum of Understanding (MOU) mit 9Yards Cinema Production unterzeichnet, um einen 100-Millionen-Dollar-Investitionsfonds zu gründen, der sich auf die Entwicklung globaler Kurzdramen und des Bereichs der allgemeinen Unterhaltung konzentriert. Das Joint Venture wird ein hundertprozentiges Unternehmen schaffen, das als General Partner fungiert und den Fonds verwaltet. 9Yards, eine Tochtergesellschaft von NG9 Holding, ist eine Agentur mit 150 Mitgliedern mit Sitz in Abu Dhabi, VAE, die auf Werbung, PR, Digitales, Veranstaltungen und Multimedia-Produktionen spezialisiert ist. Ziel der Partnerschaft ist es, Akquisitionen zu unterstützen, globale Investitionsmöglichkeiten zu nutzen und die Entwicklung des Bereichs der allgemeinen Unterhaltung weltweit zu fördern.

Positive
  • Establishment of a significant $100 million investment fund
  • Strategic expansion into the MENA region's entertainment market
  • Partnership with an established UAE-based media agency
Negative
  • None.

Insights

The $100 million joint venture fund represents a significant strategic pivot for Mega Matrix, given its current market cap of just $63.5 million. This ambitious move into the entertainment sector through partnership with 9Yards, a well-established UAE media company, presents both opportunities and considerable risks.

The fund's focus on short-form content aligns with current market trends, particularly the growing demand for bite-sized entertainment content across global platforms. However, investors should note that entertainment investments typically carry high execution risk and variable returns. The structure, with MPU co-managing through a general partnership, suggests potential management fee income, though specific economics remain undefined in the MOU stage.

Key considerations include the significant size disparity between the proposed fund and MPU's current valuation, raising questions about capital contribution requirements and dilution risks. While the UAE partnership offers strategic value for market access, concrete revenue models and return projections will be important for evaluating the venture's true potential.

The strategic partnership taps into the rapidly evolving MENA media landscape, where government initiatives, particularly in Abu Dhabi, are actively supporting entertainment sector growth. 9Yards brings substantial regional expertise and established infrastructure through its 150-member creative team and diverse parent company portfolio.

The focus on short drama content is particularly noteworthy given the global success of short-form video platforms and increasing demand for localized content in the MENA region. However, success will heavily depend on content distribution strategies and monetization models, which aren't detailed in the current MOU.

The partnership's emphasis on "pan-entertainment" suggests a broader content strategy beyond traditional formats, potentially including digital media, gaming and interactive content - areas with significant growth potential but requiring specialized expertise and market understanding.

SINGAPORE and ABU DHABI, UAE, Nov. 21, 2024 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU) today announced the signing of a memorandum of understanding ("MOU") with 9Yards Cinema Production ("9Yards Cinema Production"), a subsidiary of 9Yards Communications ("9Yards"), a fully integrated marketing and media agency headquartered in Abu Dhabi, UAE, to jointly establish an investment fund focused on the development of global short drama and pan-entertainment sector.

9Yards, part of NG9 Holding, is a 150-member agency and creative powerhouse, headquartered in the UAE capital, Abu Dhabi, and home to some of the world's best creative talents in the fields of advertising, public relations, digital, events, and multimedia production. NG9 Holding is a diversified holding company with interests across multiple industry sectors, including tourism and hospitality, energy, real estate, AI, aviation, alternative investments, technology, and healthcare.

The MOU provides for a joint-venture for the purpose of establishing a USD100 million investment fund that aims to support acquisitions, capture global investment opportunities, and promote the development of the pan-entertainment sector, including short dramas production and distribution network worldwide.

The proposed joint venture will establish a wholly owned company to serve as the general partner to manage the investment fund, overseeing the execution and production of the fund's investments, and ensuring the successful implementation and progress of the partnership.

"The signing of this MOU with 9Yards Cinema Productions is a significant milestone in our mission to expand globally and tap into the immense potential and talent in new global markets. Together, we aim to fuel the growth of the short drama and pan-entertainment sector, creating impactful content that resonates with audiences worldwide," said Yucheng Hu, CEO of Mega Matrix Inc.

Commenting on today's announcement, Group CEO of 9Yards, Hussam Almulhem, said: "This partnership with Mega Matrix Inc. represents a bold and transformative step for the MENA region's entertainment industry, and is in line with the wider economic diversification efforts of the Emirate of Abu Dhabi. By combining our local expertise and creative excellence with Mega Matrix's innovative vision, this US$100 million investment fund will pave the way for a new era of cinematic storytelling and pan-entertainment, both in the region and globally."

This strategic collaboration between MPU and 9Yards marks a joint commitment to exploring new business opportunities and driving innovation and growth within the region's burgeoning cinematic and film production sector. The joint venture will provide MPU with significant market insights and business growth potential, while enhancing its influence and competitiveness as well as representing a key step in its global expansion strategy.

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

About 9Yards Cinema Production: 9Yards Cinema Production is a subsidiary of 9Yards Communications, a fully integrated media and marketing agency headquartered in Abu Dhabi, United Arab Emirates. Established in 2017, the agency has rapidly grown into a creative powerhouse, offering a wide array of services designed to elevate brands and foster meaningful connections with their audiences with a focus on multimedia production. For more information, please visit: https://9yardscomms.com.

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; ability to establish the investment fund with 9Yards Communications under the memorandum of understanding; 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 "Risk Factors" in documents filed by the Company's predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K, as amended, 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/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-signs-mou-with-9yards-cinema-production-to-establish-a-100m-investment-fund-for-global-short-drama-and-pan-entertainment-sector-302312510.html

SOURCE Mega Matrix Corp.

FAQ

What is the size of the investment fund between Mega Matrix (MPU) and 9Yards Cinema Production?

The investment fund between Mega Matrix and 9Yards Cinema Production is set at USD 100 million.

What is the purpose of Mega Matrix's (MPU) MOU with 9Yards Cinema Production?

The MOU aims to establish a joint venture to create an investment fund focused on global short drama and pan-entertainment sector development, supporting acquisitions and capturing global investment opportunities.

Where is 9Yards Cinema Production, Mega Matrix's (MPU) new partner, based?

9Yards Cinema Production is based in Abu Dhabi, UAE, and is part of NG9 Holding.

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