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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 Corp. (NYSE American: MPU) has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The company's management will deliver an in-person presentation on Wednesday, September 11, 2024, from 12:00 p.m. to 12:30 p.m. Eastern Time. The event will take place at the Lotte New York Palace in New York City.
The presentation slides will be included in a current report on Form 8-K filed with the Securities and Exchange Commission on September 9, 2024. These slides will also be made available for viewing on the company's website later in the week, providing investors with easy access to the information presented at the conference.
Mega Matrix Corp. (NYSE American: MPU) has launched its revenge short drama 'The Returns of Billionaire Mom' on FlexTV on August 29, 2024. The drama follows Harley, who loses everything due to jealousy and betrayal but returns after five years to exact revenge. The production team invested significant effort to capture Harley's journey from despair to resilience, infusing the series with humanistic care and emotional depth.
FlexTV, operated by MPU's indirect majority-controlled subsidiary Yuder Pte. , is a leading short drama streaming platform distributing content to over 100 countries in multiple languages. The drama not only focuses on revenge but also showcases female strength and wisdom, reflecting the resilience of women facing challenges.
Mega Matrix Corp. (NYSE American: MPU) has announced that its short drama streaming platform, FlexTV, has achieved a significant milestone by ranking No.4 in the App Store Entertainment Chart (Free Apps, Saudi Arabia) as of August 27, 2024. This achievement strengthens FlexTV's position for further expansion in the Middle East market and demonstrates its growing global recognition.
FlexTV, operated by MPU through Yuder Pte. , distributes short drama content to over 100 countries worldwide in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. The platform offers a diverse range of high-quality original short dramas across various genres, catering to different user preferences and providing HD streaming services accessible anytime, anywhere.
Mega Matrix Corp. (NYSE American: MPU) has announced the release of its romantic short drama 'Before the Divorce: My CEO Husband Can't Get Enough of Me' on FlexTV on August 22, 2024. The drama follows Sophia and Matthew, a couple in a 'sham marriage' who unexpectedly fall in love. The story unfolds as they rediscover each other in the workplace, with Matthew initially prejudiced against Sophia but gradually developing respect and affection for her professional skills.
FlexTV, operated by MPU's indirect majority-controlled subsidiary Yuder Pte. , is a leading short drama streaming platform. It distributes content to over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. The platform has gained popularity worldwide for its high-quality short dramas and user experience.
Mega Matrix Corp. (NYSE American: MPU) has announced the release of its short drama 'The Billionaire's Rescue' on FlexTV on August 21, 2024. The drama portrays a cross-class love story between Emily, a struggling college student, and Luke, a wealthy heir. The narrative explores themes of redemption, support, and the power of love to overcome social barriers.
The director employs unique filming techniques, using realistic approaches for Emily's struggles and romantic visual effects for the love story. FlexTV, operated by MPU's indirect majority-controlled subsidiary Yuder Pte. , is a leading short drama streaming platform available in over 100 countries and multiple languages. The release of 'The Billionaire's Rescue' aims to captivate audiences with its heartfelt portrayal of love transcending societal constraints.
Mega Matrix Corp. (NYSE American: MPU) has launched its new short drama 'Queen of Revenge: Sister's Fury' on FlexTV on August 14, 2024. The drama follows Lisa, who transforms from a vulnerable girl into a formidable avenger to protect her trafficked sister from Hank, the ruthless leader of the Eastside gang. The production features WWE-style fight choreography, blending intense action with emotional storytelling.
FlexTV, operated by MPU's subsidiary Yuder Pte. , is a leading short drama streaming platform available in over 100 countries. It offers content in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. The platform has gained popularity for its high-quality short dramas and user experience.
Mega Matrix Corp. (NYSE American: MPU) has completed the acquisition of the remaining 40% of FunVerse Holding , bringing its ownership to 100%. This follows the initial 60% acquisition on January 7, 2024. The transaction involved exchanging 1,500,000 shares of MPU's common stock for the remaining 40% of FunVerse's voting capital stock.
FunVerse, through its subsidiary Yuder, operates FlexTV, a Singapore-based short drama streaming platform. FlexTV produces original English and Thai dramas, translated into multiple languages for global distribution. The platform also acquires and distributes third-party content. With this acquisition, MPU aims to become a leading player in the global streaming video industry, positioning FlexTV as an innovative force in short-form storytelling.
Mega Matrix Corp. (NYSE American: MPU) has launched a Japanese-language short drama titled 'ドＳ社長と死にゆく奥様の百日戦争' on FlexTV on August 13, 2024. The drama explores themes of infidelity and emotional confrontation within a marriage, where a severely ill wife discovers her husband's affair. The director uses contrasting color schemes to emphasize the characters' inner struggles.
FlexTV, operated by MPU's indirect majority-controlled subsidiary Yuder Pte. , is a leading short drama streaming platform. It distributes content to over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. The platform has gained popularity for its high-quality short dramas and user experience.
Mega Matrix Corp. (NYSE American: MPU) announced its Q2 2024 financial results, highlighting significant growth in its FlexTV platform. Key points include:
- User recharge totaled $15.8 million in H1 2024, with 62% from the U.S.
- Total active users reached 4.1 million, with 0.5 million paying users
- Unaudited H1 2024 revenue of $15.6 million, including $14.3 million from streaming services
- Gross profit of $9.4 million with a 60% margin
- Successful private placements totaling $5.2 million
FlexTV has gained traction globally, ranking in the top 10 Free Entertainment Apps in various countries. The company is focusing on expanding its content library and enhancing user engagement to maintain its market position.
Mega Matrix Corp. (NYSE American: MPU) announced that its short drama streaming platform, FlexTV, has achieved a significant milestone by ranking No. 8 on the App Store Entertainment Chart (Free Apps) in South Korea as of August 13, 2024. This achievement underscores FlexTV's growing popularity and competitiveness in the global streaming market, particularly in South Korea, a leading digital culture center.
FlexTV, operated by MPU through Yuder Pte. , distributes short drama content to over 100 countries worldwide in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. The platform offers a diverse range of high-quality original short dramas across various genres, catering to different user preferences and providing a seamless streaming experience.
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